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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.
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.
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
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.
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.,
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.
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.
in average transaction fees, digital senders like NALA pitch themselves to customers as platforms with the best rates and lowest prices. O ther players in the space facilitating transfer from the U.K. The platform allows payments from the U.K. to Tanzania, Kenya, Uganda, Rwanda and Ghana. and the E.U.,
His career includes helping scale AZA (Bitpesa), a Nairobi-based platform that leverages bitcoin to facilitate cross-border remittances and where he first got introduced to crypto and blockchain technology. eBay launches its first collection of NFTs in partnership with web3 platform OneOf.
An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. There are various payment gateways facilitating payments for businesses in Africa, like Flutterwave , DPO Group, Yoco , MFS Africa and Paystack. How big is mobile money in Africa?
Last November, the African cross-border payments company raised $150 million in a Series C extension round led by Sam Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. It expanded to the U.K.
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.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. Helium Health.
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. The checkout solution can be integrated into any e-commerce platform, the company said. Today, it has raised $2.4 million in seed to scale.
Klasha makes revenue via sales commissions and subscriptions merchants pay to use the platform for analytics. 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. KlashaCart.
A month later, the startup closed a $500,000 pre-seed investment from early-stage investors like Lateral Capital , Ventures Platform , Golden Palm Investments and Rally Cap. And to that end, Mono has partnered with two of Nigeria’s leading savings and investment platforms to roll out the service. . Image Credits: Mono.
The company allows consumers to access their internet banking platform when they make transactions online. At the time, most fintechs and banks did not recognize the need for using bank payments to facilitate online transactions. The platform, which caters to more than 47 million bank account holders, typically works this way.
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. down the line.
Some interesting acquisitions include TLcom-backed Kenyan consumer experience platform Ajua buying WayaWaya ; Nigerian bus booking and Techstars-backed Treepz expanding into Ghana and Ugabus after getting Stabus and Ugabus ; and Flutterwave making a foray into the creator economy space with the Disha acquisition.
Telcos and banks dominate this mass market, providing the tech infrastructure that facilitates these code-based transactions. Take Nigeria, for instance, where the average banked customer has three to five bank accounts and w hile some people use bank applications or fintech platforms to make online transactions, others rely on USSD codes.
Most recently, we took a critical step in our climate action plan by including climate as a part of the company public policy platform, joining priorities like equal rights and privacy and security. “We Bentley Motors’ new digital platform is a crucial component of its goal to become a leader of sustainable luxury mobility.
In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. We might not wait long as Okra is currently in beta in Kenya and South Africa, and Mono is planning an expansion into Ghana and Kenya before the end of the year. “Unlike the U.S.
What it says it does : A platform for corporate expense cards and spend management for businesses in Africa. Thus, its platform makes it “easy for these businesses to issue corporate expense cards (Visa for now) and software, mainly for sales and marketing teams, to track and control spending. Location : Nairobi, Kenya.
The photographs above were taken on the last day of Blogher, at the Unconference on Sunday morning facilitated by the talented Kaliya Hamlin who blogs about unconferences here. What is the best blog platform for mobile bloggers? What video hosting platforms support cell phones? I remember being inspired by it. mobile posting.
We see many opportunities to unlock value for users across all the categories on our platform and to expand into new countries, and we are looking forward to leveraging Autochek’s market leading loans product and expertise to deliver more transformative experiences for our users,” said Papet in a statement. TLcom and 4DX drive $13.1M
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. Earlier this year, Bitmama had fewer than 20,000 users across both platforms.
There are many Robinhood-esque platforms globally because of a growing need to invest in U.S. million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round. In 2021, repeat depositors made up 85% of deposits on the Bamboo platform. The next market for Bamboo is Ghana.
My current investor pool, which was led by women at Greycroft and Seedcamp, invested because of the opportunity of solving a problem continent-wide and the prospect of facilitating cross-border commerce through modern technology. Lami is a B2B2C insurance-as-a-service platform and API. to scale API insurance platform across Africa.
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.
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