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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. 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.

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

TechCrunch

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.

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

TechCrunch

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.

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African tech took center stage in 2021

TechCrunch

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.

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

TechCrunch

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.

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Nigeria’s Grey raises $2M for cross-border payments play and regional expansion

TechCrunch

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.

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

TechCrunch

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.,

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