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On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
Uganda is one of the countries creating ripples in high-profile tech programs like the Y Combinator accelerator and Google’s $50 million Africa Investment Fund, launched in October last year targeting early and growth-stage startups. Numida’s star has been shining since last year when it first bagged $2.3 million in seed funding.
To bridge the gap, Uganda-based fintech Numida , has opted to focus its digital lending business on small enterprises as part of its strategy for driving financial inclusion in emerging markets. led by Serena Ventures to extend loans to MSMEs beyond Uganda by Annie Njanja originally published on TechCrunch.
Abraaj bought Vine Pharmacy in 2013 when it was the largest pharmacy chain in Uganda. Vine used to be the biggest pharmacy chain in Uganda. Rockson said that he hopes to take Vine Pharmacy to its former glory, when it held the position of the biggest retail pharmacy chain in Uganda.
Meanwhile, it was just last August that the digital bank, which provides zero to minimal fees on cards, account maintenance and transfers and is one of Africa’s soonicorns, raised $55 million — money that it planned to use to not only double down on new services for Nigeria but also to prepare its launch into more countries on the continent like Ghana (..)
By leveraging Ramani’s technology, the MDCs can digitally track their operations easily and get financing based on the performance of their businesses. Tanzania’s YC alum Ramani raises $32M to digitize CPG supply chains, lend resellers by Annie Njanja originally published on TechCrunch.
Today, Africa’s largest digital payments network MFS Africa joins the fray. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.
Looking to bridge the gap, booking platforms are emerging in the space, including BuuPass , which is actively looking to promote order in the highly-fragmented sector by helping operators to digitize their operations. There were a lot of cash leakages, and they were not able to digitize and access the users who are coming online every day.
M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda. Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana.
Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 We have also brought back focus on [the once dormant] digital learning platform, and also tested a number of products like timetabling,” he added. Zeraki data analytics system helps schools to better manage students’ data.
New SMS Services in Uganda from Grameen, Google & MTN | WhiteAfrican - Interested in new technologies, esepcially mobile tech and the health sector? Learn more at [link]. Competition or Collaboration? — Social Edge - Peter Deitz has a great piece on the Social Edge blog and has started a rich conversations in the topics. "This
But if you want to get even deeper insights, do an in-depth review of a similar nonprofit’s practice – whether it be broad – such as digital marketing techniques or narrow such as analyzing specific techniques as part of a content strategy. We want our donors to be advocates. We 100% focus on word-of-mouth marketing.
There’s no shortage of digital banks in Nigeria and, in general, in Africa. In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa. million to date.
Its core product is for motorcycle riders in Kenya and Uganda, with a lease-to-own or hire-purchase package. The pivot to using technology in 2013 allowed Tugende to move fully to digital payments, build its own interoperable payment gateway in 2017 and launch an in-house credit score in 2019 to allow clients to see how they are performing.
Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
While Africa’s health systems are still reeling from the effects of the COVID pandemic, the adoption of digital health services has been revved in some countries. These startups digitize the supply chain and distribution to providers. “The However, a particular segment has achieved scale faster within the past year.
to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U.,
Small businesses in Africa need digital banking services including plenty of credit. Mina Shahid , Catherine Denis and Ben Best founded Numida in 2017 and capitalized on the opportunity to build one of East Africa’s first digital fintechs targeting semi-formal micro and small businesses. million seed round.
The digital bank has seen some success since launching in Nigeria in 2019. Kuda claims to have up to 5 million users, more than thrice the number it had last August during its $55 million Series B round , money it raised to enter into other African countries like Ghana and Uganda this year. Kuda takes digital banking play to the U.K.
But in Uganda, the industry had already taken off, albeit slowly, through Rocket Health , a startup working to transform the delivery of medical care using technology. Also, 12 insurance companies have signed up, giving it access to a pool of customers within Uganda and across East Africa since most of them have a regional presence. “We
This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider, a part of the statement read. Other prominent use cases include AML checks, customer onboarding and fraud prevention. We have product depth in Nigeria already.
Lori Systems , an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors.
Uganda is no different except for one thing: its amazing NetSquared Regional Ambassador for East Africa, Robert Kibaya. Robert Kibaya is our veteran volunteer in Uganda, where he helped found and supports five NetSquared groups. My wife Florence and our four-month old son, Jotham, live in Mukono, Uganda near Lake Victoria.
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. The fintech intends to grow existing operations in South Africa, Eswatini, Kenya, Namibia and Tanzania and expand into Mozambique and Uganda. African customers are in dire need of credit.
Since then, the fintech has enabled over six products for various businesses, from banks and mobile network operators to e-commerce platforms and fintech players across three markets: Tanzania, Kenya and Uganda. So far, over 1.2 These include savings products, term loans, overdrafts, asset financing and other credit solutions. “But
MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.
When Andela launched in 2014, it built hubs in Nigeria, Kenya, Rwanda and Uganda to source, vet and train engineers to be part of remote teams for international companies. In September 2019, it let go of 420 junior engineers across Kenya, Uganda and Nigeria. Then Uganda, Rwanda,” CEO Jeremy Johnson told TechCrunch.
And what started in Kenya soon scaled into neighboring East African markets Tanzania, Rwanda and Uganda in 2018. Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers.
There it brought teams of Google and LinkedIn employees to contribute code fixes and key feature enhancements to the open source mobile tools of our nonprofit project partner Mifos , whose mission is to enable financial institutions to become modern and digitally connected providers of financial services to the world’s 2.5 Martus Desktop 4.5
But when it comes to being a software engineer or digital skills, you really don’t,” said the CEO. “We These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.
Buoyed by the new funding, Badili plans to explore new growth opportunities in West Africa, where it hopes to tap an increasing demand for affordable second-hand smartphones, even as it scales its operations in Kenya, Uganda and Tanzania. “We percent.
MarketForce, which was launched in Uganda, Tanzania and Rwanda last year after growing beyond Kenya and Nigeria , plans to introduce buy-now-pay-later (BNPL) options to help merchants access fast-moving-consumer-goods (FMCGs) on credit. It also plans to enter additional markets in East and West Africa.
The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets.
We know that good stories power fundraising and marketing, so join one of our free events to discover powerful case studies and connect with digital storytelling experts in your community. Mukono, Uganda. Kampala, Uganda: Adobe Spark: Storytelling That Matters. Kampala, Uganda: Teaching Youths the Dangers of the Internet.
It expects to also select startups from additional countries, including Egypt, Senegal, Tanzania and Uganda, for this sixth cohort. In 2020, it selected 20 startups into the program (eight from Nigeria, six from Kenya, two from South Africa and one each from Ghana, Tunisia, Ethiopia and Zimbabwe).
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers. billion and $2.8
Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique.
Aldagram’s aim is to bring a new, digital spin to what’s been traditionally a very analogue industry, with an aging workforce and heavy — and sometimes very old — machinery, Aldagram CEO and co-founder Hikaru Nagahama said in an interview with TechCrunch.
With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. Over 7,000 medical professionals from these facilities now provide care to more than 300,000 patients monthly.
As one of our partners from an LGBT group in Uganda noted last year, “If it isn’t documented, it didn’t happen.” We must help ensure that every report of abuse is a tool for justice.
TechSoup's NetSquared meetups will bring local nonprofits free digital storytelling workshops in more than 40 cities between August and October. Seattle, Washington: Digital Communications for Nonprofits. Mukono, Uganda: Second Term 2017 Solar Mobile Computer Training Meetup for Kibiribiri Primary School. Mukono, Uganda.
Although it is yet to launch in the country, Obong said Uganda is in Grey’s regional purview as well as fellow East African country Tanzania; the fintech will expand into the latter within a month, he added. Grey claims to have about 100,000 individual users, and since the beginning of the year, its transaction volumes have increased by 200%.
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