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Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. I was blown away by the ubiquity and convenience of mobile money in 2014 when I visited Kenya for the first time. Africa has it different. It’s not a predominantly card continent.
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. million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round.
Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. More experienced founders exist and specific markets, particularly in the Big Four (Nigeria, South Africa, Egypt and Kenya), show a mix of matured but still open-for-disruption traits.
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I 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.
The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. The YC-backed Nigerian fintech has since expanded into East Africa, starting with Kenya.
to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. O ther players in the space facilitating transfer from the U.K. to Tanzania, Kenya, Uganda, Rwanda and Ghana. It also struck a deal with Citi Bank Global to manage their F.X. and the E.U.,
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. The fintech intends to grow existing operations in South Africa, Eswatini, Kenya, Namibia and Tanzania and expand into Mozambique and Uganda.
I organized and moderated a panel called “ Women Who Tech Globally.” ” Using a webinar and conference call platform, we were able to bring in participants from San Francisco, Rwanda, Kenya, Algeria, Tunisia, and Egypt. Wanjiru Kamau-Rutenberg is Founder and Executive Director of Akili Dada and based in Kenya.
Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year. the CEO says that users in Uganda, South Africa and Kenya will be the first to get access next year.
Pngme says it’s operating in Nigeria and Kenya, while Stitch is only in South Africa. 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.
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph. PawaPay isn’t far off.
million in equity from Insight Partners, Global Founders Capital, 4DX Ventures and ASK Capital, among others. 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.
He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. Facilitating payments from Africa to China falls outside the purview of MFS Africa’s holistic pan-African payments approach. That’s the grand mission of the company.” .
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. At the time, the company’s focus was to make it easier for African consumers to purchase products directly from global fashion retailers.
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. Economic headwinds have hit the global fintech space hard. The company began making strides outside the continent last year.
Telcos and banks dominate this mass market, providing the tech infrastructure that facilitates these code-based transactions. Nigeria and Kenya. Before Stax, Lyon, head of product Shorland and CTO Kutalek, met in Kenya while running different fintech-related businesses. And that’s really the sweet spot where Stax comes out.”.
Video games are big — bigger than Hollywood in terms of revenue, as a $66 billion global industry. Since 2009, Zynga.org has enabled millions of players to contribute nearly $20 million to more than 30 nonprofit organizations globally. You can register here. Players, who collectively average about 30 years old in the U.S.,
While Duplo handles payments for B2B payments within Nigeria, it has recently received requests from some of its customers to facilitate payments to businesses out of the country over the last couple of months. Duplo said it currently facilitates payments from merchants in Nigeria to other regions like the U.S.,
This goal is increasingly critical as the number of forcibly displaced people globally continues to increase at record levels. Refugee self-reliance programs address these challenges by providing comprehensive solutions to facilitate independence and long-term stability.
Quona Capital, the co-lead investor in this round, is known to have made some B2B e-commerce bets over the past years, for instance, Kenya’s Sokowatch. adds Ben Harburg, partner at MSA Capital, a global VC that has invested in fintechs like Nubank and Klarna. Egyptian ride-sharing company Swvl plans to go public in a $1.5B
Data Digest is a weekly round-up of the latest news on data-related projects in the nonprofit sector, compiled and authored by Keisha Taylor of GuideStar International and TechSoup Global. Announcing the Global Open Data Initiative (GODI). It originally appeared on NetSquared. Open Data Applied.
Three billion people globally are still left out or poorly served by the formal economy. “Digital wallets are one of the fastest growing financial instruments for many small businesses and for unbanked individuals in emerging markets,” said De Caluwe.
The plan for Mono is to be a global company and getting into YC provides the perfect opportunity to do so. The company is also planning an imminent pan-African expansion to Ghana and Kenya, and from all indication, Mono might execute one if not the two before the end of Q1.
At the time, most fintechs and banks did not recognize the need for using bank payments to facilitate online transactions. African startups join global funding boom as fintech shines. On a call with TechCrunch, Pays said that before Ozow, manual EFT processes were the popular options to carry out transactions online.
Charles Hoskinson, the co-founder of IOG and Cardano, while commenting on their investment in Pezesha, said in a statement that, “Facilitating the movement of capital into emerging markets to support economic growth and job creation is a core promise of blockchain and cryptocurrencies.
From her Berkeley-based office, Melinda Kramer facilitates an international network of women leaders. Melinda Kramer: Women's Global Green Action Network is an international organization that is linking and empowering women working in environmental sustainability around the world. We do it in a number of ways.
This allows international merchants to scale into Africa seamlessly through our technology and, in turn, allows African consumers to access global goods and services frictionlessly. of women are funded globally. Given these biases, do you think more women would get investments if there were more women investors? Today, only 2.8%
Location : Nairobi, Kenya. As interest in webhooks continues to soar due to their importance in helping web applications communicate with each other in real-time, Convoy’s play, which allows developers globally simply plug its webhooks infrastructure and focus on building their APIs and products, is meritorious. . Team size : 10.
Data Digest is a weekly round-up of the latest news on data-related projects in the nonprofit sector, compiled and authored by Keisha Taylor of GuideStar International and TechSoup Global. It originally appeared on NetSquared.
I imagined women or girls who received cards might keep them in a place in her home, in a drawer, or on a shelf that would always remind her that she is cared for, and that she is a part of a much larger global community. She then went on to hold several Traveling Postcards workshops both in her own community, and then in Kenya!
Mobile phones themselves are increasingly being used as a platform on top of which applications using SMS or EDGE/3G are being used to collect data and facilitate service delivery. I’ve been working or interested in the space of ICT for Development (ICT4D) for about a decade now. Mobile phone based applications and service .
Joitske Hulsebosch, who lives and works in Netherlands, writes a blog called " Communities of practice for development " where she writes about topics related to her work of facilitating processes at different levels; teams, groups, organizations, networks, and communities of practice. t have a clue." And Netsquared.
Ushahidi Board Meeting at iHub in Kenya. I’ve just spent the last couple of days in Nairobi, Kenya because I’m a board member of an NGO based here, Ushahidi , an organization that builds tools for democratizing information and increasing transparency. The Networked Nonprofit In Kenya.
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures. It also claims to be the largest payment facilitator in the country.
Dining for Women is a seven-year-old organization that facilitates a network of 130 giving circles across the country. We had a group that went to Kenya to visit BOMA Fund , and we went to Uganda to visit the BeadforLife program. I took my 14-year-old with me to Kenya this past March, and it was a life-changing experience.
After meeting her at the Global Engagement Summer last spring, I knew I wanted to grab her for an interview before she became too famous. Erickson founded FORGE (Facilitating Opportunities for Refugee Growth and Empowerment) in 2003 when she was a 20 year-old junior studying public policy at Stanford University. You started very young.
Melinda Kramer: Women's Earth Alliance is a global organization and we work around the world uniting women who are on the front lines of environmental causes. One of the women that stands out is actually someone who participated in our 2008 training, which took place in Kenya. Her name is Solame.
How do we stop violence and how do we eradicate poverty in our communities, and uplift people, and how do we also do that in a way that respects the environment, that looks at innovation, and that addresses issues like global warming and peak-oil and environmental racism? How do we build new visions and programs that serve everybody?
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