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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash. Africa has it different. The Dash team.

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Are Crowd Funding Platforms the New Patrons of Independent Media?

Beth's Blog: How Nonprofits Can Use Social Media

In 2008, she asked for advice about raising money to go to Africa to help support the first community access television station opening in Ghana. And, this month, Sam is raising money to support a new documentary called Wisconsin Rising on the kickstarter platform. I invited her to share her experience in crowd funding.

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M-KOPA raises $75M as it clocks 2 million customers across four African markets

TechCrunch

M-KOPA’s financing platform has proved helpful to this set of users since launching as an energy provider in 2011. 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. A 2019 World Bank report says 85% of Africans live on less than $5.50

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Vendease, a food procurement platform for African restaurants, nabs $30M led by Partech Africa and TLcom

TechCrunch

When Vendease launched in January 2020, it wanted to solve the challenges and inefficiencies in Nigeria’s highly fragmented food sector using a marketplace model that connected suppliers and farms to restaurants and food businesses, with deliveries facilitated within 24 hours.

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

TechCrunch

Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. In May, it expanded to the U.K.,

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Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort

TechCrunch

Lami is an insurance platform and API that enables more individuals and businesses to access insurance coverage. From Nigeria, Indicina facilitates lending for individuals and small businesses through AI-powered digital credit infrastructure.

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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.

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