Remove Facilitation Remove Ghana Remove International
article thumbnail

Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. CEO Ruth Iselema.

Africa 145
article thumbnail

Dash CEO placed on ‘indefinite administrative leave’ as the Insight-backed startup carries out financial audit

TechCrunch

Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 By March of 2022, five months after its first seed tranche, Dash’s total processing volume topped $1 billion and had acquired a million users from Ghana, Kenya and Nigeria, Boampong told TechCrunch in the March interview. Kinyua assumes the role of interim CEO.

Place 98
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. and the E.U.,

Africa 98
article thumbnail

Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG

TechCrunch

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. Image Credits: Pezesha.

Raise 98
article thumbnail

Chipper Cash gets $2B valuation with $150M extension round led by FTX

TechCrunch

Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. is responsible for almost 30% of the international remittances to sub-Saharan Africa. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year.

article thumbnail

Backed by Greycroft, Klasha gets $2.4M to improve cross-border commerce in Africa

TechCrunch

Analysts say the value of e-commerce in Africa is expected to reach $29 billion next year, yet Africans still find it difficult to make international payments for products online. Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies.

Africa 94
article thumbnail

African fintech unicorn Chipper Cash lays off about 12.5% of staff

TechCrunch

Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. — to facilitate peer-to-peer money movement from the U.S. The company began making strides outside the continent last year. It expanded to the U.K. to Nigeria and Uganda.

Africa 100