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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.

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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. O ther players in the space facilitating transfer from the U.K. to Tanzania, Kenya, Uganda, Rwanda and Ghana. and the E.U., and the U.S.

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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.

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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

TechCrunch

PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. There are various payment gateways facilitating payments for businesses in Africa, like Flutterwave , DPO Group, Yoco , MFS Africa and Paystack. .” Image Credits: PawaPay.

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African tech took center stage in 2021

TechCrunch

But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. A handful of local acquisitions and a monumental exit. Last year, the trend of seeing local companies buy each other played out and continued into 2021.

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

TechCrunch

Klasha , a Lagos and San Francisco-based startup, sees a niche in cross-border commerce and provides multiple integrations and APIs to facilitate transactions in that space. Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies. Today, it has raised $2.4

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Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

TechCrunch

KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Image Credits: Klasha.

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