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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. It doesn’t aim to replace mobile money or banks.
M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda. 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.
Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years.
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. However, the selected six startups this year are from Kenya, Nigeria, and South Africa. Here are the startups in the 8th cohort.
The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservation.
Here’s a few facilitation techniques that I learned from documenting the session. Cheryl lead two “transfer-in” exercises that are essential for a group to get to know each other and build trust. I had an opportunity to meet Ms Kathambi Kinoti from the Young Women’s Leadership Institute in Kenya.
Lami Technologies , a startup out of Kenya armed with $1.8 For this reason, CEO Jihan Abass founded the company in 2018 to democratize insurance products in Kenya. We felt that building the technological infrastructure to facilitate the distribution of insurance was the best way to increase the penetration level in Africa.”
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. With Africa being the most expensive region to send money to, with 10.6% and the E.U.,
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. In Nigeria, South Africa and Kenya, fintech is the sector that receives the most funding. There are a few reasons behind this thinking.
The fintech intends to grow existing operations in South Africa, Eswatini, Kenya, Namibia and Tanzania and expand into Mozambique and Uganda. With one each in Kenya and South Africa for the eastern and southern regions (its tech teams are also in these countries), Finclusion says it will open another in West Africa soon.
KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros. The platform will go live in Kenya in the next couple of months, said Anuna. KlashaCart.
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.
The new changes imply that Sendy will abandon its asset-heavy model that facilitated order fulfillment from parcel pickup, warehousing to last-mile delivery in Nigeria. Its fulfillment service remains unchanged in other markets. Sendy has so far raised $26.5
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.
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.” .
.” Using a webinar and conference call platform, we were able to bring in participants from San Francisco, Rwanda, Kenya, Algeria, Tunisia, and Egypt. This is a common experience when you attempt to facilitate global presentations, discussions or peer groups. Originally from Kenya, she earned a B.A.
We are building a trust network that, for example, allows a company in Kenya to know who to work with in a country like Nigeria, South Africa. In his two years as a Kountable executive, he says, they financed $32 million worth of deals, supporting 200 entrepreneurs in several countries including Kenya and Rwanda.
Right from the launch of its first product in 2020, Kenyan insurtech Lami Technologies set out to increase insurance penetration in Kenya and the rest of Africa. Lami co-designs products with its underwriting partners, presently 25 in number, who help use its API to facilitate the distribution of insurance products via a B2B2C approach.
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. That’s a 4x boost in transaction volume and a 5x rise in user count within five months.
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.”.
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. PawaPay isn’t far off.
Despite a broken toe, I facilitated a workshop on Social Media for CEOs of nonprofits and foundation. James Leventhal facilitated a workshop in Portland last month along with Adam Rozan of the Oakland Museum of California and Stephanie Weaver of Experienceology. The Networked Nonprofit Nairobi Kenya on November 18th.
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. The company began making strides outside the continent last year. It expanded to the U.K. to Nigeria and Uganda.
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.,
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. Next is its mobile application which lets users in Nigeria, Ghana or Kenya send and receive money. Today, it has raised $2.4 million in seed to scale.
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. CoinAfrique classifieds ads marketplace is active in 12 Francophone markets.
Refugee self-reliance programs address these challenges by providing comprehensive solutions to facilitate independence and long-term stability. The grant will support five research projects undertaken by refugee-led organizations in Ethiopia, Kenya, and Uganda to generate actionable insights and practical solutions to advance self-reliance.
Illustrating the positive power of another incredibly popular game, the United Nations and Minecraft developer Mojang partnered to bring youths’ game-world blueprints to real-life in public works in Kenya, Sweden, and Haiti through its innovative “Block by Block” ( [link] ) program. Around Gender.
For example, Made In The Streets is a nonprofit working to “love and serve children from the streets of Nairobi, Kenya – meeting their physical, emotional, and spiritual needs; loving them fully; equipping them to earn a living and sending them out to a new life.” Donors feel close and connected to the beneficiary of their gift.
Muéstrame el dinero : Minka raised $24 million to facilitate faster payment services across Latin America. Speaking of Facebook, we have an update on what’s going on with its parent company and some allegations of poor working conditions in Kenya.
With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. million in VC funding, has facilitated over 200,000 doctor appointments while enabling healthcare providers to generate approximately $130 million in billings.
This includes leadership, social innovation, communications, branding, graphic facilitation, financial and funding models. Graphic Facilitation Rocks. Paula Kahumbu – WildlifeDirect Nairobi, Kenya. Even more inspiring was to learn more about the work that PopTech Fellows are doing to change the world.
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. Setting the company up for expansion and the hiring spree that comes with it will require capital, so a seed round is in the works to facilitate the whole process.
Some examples of how Thunes’ software and APIs are used include connecting Paypal and Paypal Xoom payouts with top mobile wallets in Asia and Africa, including in Bangladesh, Indonesia and Kenya and facilitating payments for digital remittance companies like Remitly, World Remit and Moneygram.
At the time, most fintechs and banks did not recognize the need for using bank payments to facilitate online transactions. A portion of the funds will also be directed at mergers and acquisitions and pan-African expansion to four countries in the next six months: Namibia, Ghana, Nigeria and Kenya.
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. So we’ve seen good traction across all board,” he answered when asked about Capiter’s traction. SME supply chain inefficiencies are massive throughout the Middle East.
It also has a track that takes place in a large room with roundtables and a designated discussion topic and facilitator. I was asked to facilitate a session on the question, "Should CEOs and Executive Directors Use Social Media?". The NASSCOM India Leadership Forum has multiple tracks based on theme.
million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round. Similarly, there has been some demand from Kenya and South Africa, so Bamboo will look to move into those countries soon with this new funding. stocks in different parts of the world.
The beginning of the book is peaceful and slow-moving, a description of an African girl growing up on a farm in Kenya, but education changes everything. It was at that time that she started the Green Belt Movement , which facilitated women planting trees in their communities to combat deforestation, soil erosion and lack of water.
“We saw on the Obama campaign you’ve got to combine content and technology to facilitate action. Argentina, France, India, or Kenya?&# The most important factor in spurring someone to action is timely, personally and relevant content delivered carefully and consistently over an extended period of time.&# – Chris Hughes.
“We saw on the Obama campaign you’ve got to combine content and technology to facilitate action. Argentina, France, India, or Kenya?&# In the very early days of the website they had visitors answer a series of questions about interests, skills, and cause activities.
The event's purpose was to join industry and government in putting into action some of the precepts developed at the 2012 United Nation’s Pan-African Forum on E-Waste in Nairobi, Kenya. To understand the current state of the African electronics recycling industry.
It has facilitated the opening up of access to good quality raw data from statistical agencies in North Africa and the Middle East, which is being shared with individuals, institutions and the public at large.
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