Facilitation, Ghana and Raise - Nonprofit Technology

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

TechCrunch

MARCH 7, 2022

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.

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

TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million. The company’s geographical reach has also changed shape.

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Ayoken raises $1.4M to grow its NFT marketplace for creatives

TechCrunch

MAY 30, 2022

Ayoken, an NFT marketplace for creatives, has raised $1.4 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.

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

TechCrunch

JANUARY 27, 2022

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.,

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

TechCrunch

AUGUST 30, 2022

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.

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South African payments gateway Ozow raises $48M Series B led by Tencent

TechCrunch

NOVEMBER 17, 2021

Coming off a year of exponential growth, it has raised a $48 million Series B to provide more alternative payment solutions to its millions of merchants and consumers. At the time, most fintechs and banks did not recognize the need for using bank payments to facilitate online transactions. Since the company’s Series A raise of $2.5

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

TechCrunch

AUGUST 26, 2021

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. But in terms of pure mobile money play, MFS Africa is a clear competitor to pawaPay.

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

TechCrunch

FEBRUARY 16, 2023

Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 Before raising over $30 million, Dash initially wanted to raise a quarter of that money, about $8 million, as its seed round. Ghanaian fintech Dash raises $32.8M Kinyua assumes the role of interim CEO.

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Are Crowd Funding Platforms the New Patrons of Independent Media?

Beth's Blog: How Nonprofits Can Use Social Media

JANUARY 13, 2012

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. At that time she made and raised $2,000 using Chipin, using the case study I had documented where I raised money to send a young Cambodian women to college. January 21.

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

TechCrunch

NOVEMBER 1, 2021

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

JANUARY 28, 2021

From Nigeria, Indicina facilitates lending for individuals and small businesses through AI-powered digital credit infrastructure. Jetstream allows businesses to export goods across borders and access trade financing in Nigeria and Ghana. Catalyst Fund has the backing to keep this going.

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

TechCrunch

DECEMBER 6, 2022

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. Since its inception, Chipper Cash has raised over $305 million from investors including Deciens Capital, Ribbit Capital and Bezos Expeditions.

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African tech took center stage in 2021

TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. 2021 was when African tech reached an inflection point and took center stage as companies raised over $4 billion (more than they got in 2019 and 2020 combined). It wasn’t a bad year, though. billion and $2.8

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

TechCrunch

OCTOBER 7, 2021

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. Today, it has raised $2.4 Next is its mobile application which lets users in Nigeria, Ghana or Kenya send and receive money. million in seed to scale.

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Stitch emerges from stealth with $4M for its API fintech play in Africa

TechCrunch

FEBRUARY 24, 2021

This makes it the largest round raised by any API fintech startup in Africa at the moment. They have raised sizeable rounds with enviable backings as well. 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.

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

TechCrunch

JUNE 7, 2022

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.

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Kuda takes digital banking play to the U.K. with its remittance product

TechCrunch

NOVEMBER 8, 2022

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.

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Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal

TechCrunch

NOVEMBER 10, 2021

With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. Nigeria’s Helium Health raises $10M Series A for Africa expansion. Over 7,000 medical professionals from these facilities now provide care to more than 300,000 patients monthly.

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

TechCrunch

SEPTEMBER 26, 2022

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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Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

TechCrunch

MARCH 3, 2022

Stax , a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 Telcos and banks dominate this mass market, providing the tech infrastructure that facilitates these code-based transactions. million seed extension round. Nigeria and Kenya.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

MARCH 29, 2022

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. YC-backed Duplo raises $1.3M Location: Accra, Ghana. Unlike the U.S. Website : [link].

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6 African women CEOs discuss how they raised more than $1M in 2021

TechCrunch

MARCH 15, 2022

raised more money from venture capitalists in 2021 than ever. On the bright side, founding teams counting both women and men as members raised 17% of VC investments in Africa in 2021. Women-founded startups in Africa to have raised $100 million or more are led mainly by white CEOs. Women-founded companies in the U.S.

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Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

TechCrunch

JULY 6, 2022

Autochek was previously present in Nigeria, Ghana, Kenya, Ivory Coast, Uganda and Morocco. The company earns by charging a fee to dealers listing on its platforms, in addition to a loan facilitation commission from banks. The company, which in October last year raised $13.1 Autochek said its loans are approved in about 48 hours.

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

TechCrunch

SEPTEMBER 10, 2022

In the latest development, one such company, Bitmama , has raised a pre-seed extension of $1.65 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.

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Tiger Global and Greycroft back Nigerian investment app Bamboo in $15M round

TechCrunch

JANUARY 31, 2022

Following two years of significant growth and raising $2.4 million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round. The next market for Bamboo is Ghana. There are many Robinhood-esque platforms globally because of a growing need to invest in U.S.

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Nonprofit Technology

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

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

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Ayoken raises $1.4M to grow its NFT marketplace for creatives

Webinars

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

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

South African payments gateway Ozow raises $48M Series B led by Tencent

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

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

Are Crowd Funding Platforms the New Patrons of Independent Media?

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

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

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

African tech took center stage in 2021

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

Stitch emerges from stealth with $4M for its API fintech play in Africa

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

Kuda takes digital banking play to the U.K. with its remittance product

Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal

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

Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

YC W22 batch nets 24 African startups, including 18 from Nigeria

6 African women CEOs discuss how they raised more than $1M in 2021

Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

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

Tiger Global and Greycroft back Nigerian investment app Bamboo in $15M round

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