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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. Today, the unified payments app is announcing that it has raised $32.8 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.

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

TechCrunch

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.

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BuuPass raises $1.3M to scale mobility sector digitization in Africa

TechCrunch

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. BuuPass raises $1.3M Others do not have provisions for seat reservation.

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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. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.

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Finclusion raises $20M to build out credit-led neobank offering across Africa

TechCrunch

Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September.

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

TechCrunch

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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U.,

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African tech took center stage in 2021

TechCrunch

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