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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.
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.
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.,
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.
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.
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.
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.
The company claims to be handling over 10 million transactions on its rails per week, with beta operations in 10 African countries — Cameroon, DRC, Ghana, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia. He also sits on the board of 88mph. African startups join global funding boom as fintech shines.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. International investors participated from pre-seed to Series E stages. It wasn’t a bad year, though. African startups nearly raised $1.5
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
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. As such, s ervices provided to Nigerian users are facilitated via its subsidiary, Kuda MFB Limited.
We are committed to actively advocating for clear and consistent science-based climate policies that facilitate a just and equitable global transition to a 1.5°C org is an international movement of people working to end the age of fossil fuels and build a world of community-led renewable energy for all. From nonprofits like 350.org
While I was in Chicago, Ryanne Hodson , who I met at last year's BlogHer, is in Cambodia and Southeast Asia with Jay Dedman to document the work of Project Hope International. When I got home, I remembered the work of colleague Joitske Hulsebosch who has taught video blogging in Ghana. The back story is here ). mobile posting.
Ghana’s Float initially launched as Brex for Africa but later pivoted to offering the same credit features with more emphasis on software and less on cards; Boya, on the other hand, plans to execute on both fronts using overdrafts. Location: Accra, Ghana. Unlike the U.S. Website: [link]. Founded in: 2016. Team size: 60.
Klasha is a technology company that allows international merchants such as H&M or Zara to receive payments online in local African currencies and money methods. Ghana’s Jetstream lands $3M to build the digital infrastructure for Africa’s trade corridors. Nigerian fintech of the unbanked Bankly raises $2M led by Vault.
In the creative writing space, Google’s PAIR and Magenta teams developed a novel prototype for creative writing, and facilitated a writers' workshop to explore the potential and limits of AI to assist creative writing. The app is available to English speakers 18+ in Australia, Canada, Ghana, India, New Zealand, the UK, and the US.
When I sat down to talk with the co-Directors, Melinda Kramer and Amira Diamond, in early March, they had literally just returned from the West African Woman and Water Training in Ghana. You both just came back from the 2010 West African Women and Water Training in Ghana. What was that? What were some of the highlights?
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