TechCrunch

DECEMBER 19, 2021

MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years.

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TechCrunch

AUGUST 23, 2021

In March, when TechCrunch covered Plentywaka, CEO Onyeka Akumah said the two-year-old company eyed both regional and global expansion. Stabus, on the other hand , commenced operations in Ghana a month after Plentywaka’s launch. Some of Stabus’ (now Plentywaka Ghana) customers include multinationals like MTN and GB Foods.

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TechCrunch

JANUARY 5, 2022

The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.

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TechCrunch

JUNE 22, 2022

And according to a new report from Salient Advisory, a global healthcare consulting firm, this is the segment where the most impressive growth has occurred for Africa’s healthcare in the last 12 months. Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021.

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and South Africa.

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TechCrunch

NOVEMBER 3, 2022

Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.

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TechCrunch

JANUARY 25, 2021

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. But it’s completely different in Africa.

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TechCrunch

FEBRUARY 14, 2023

of Africans are insured , which is less than half the global average of 6.3%, making it the least insured continent in the world. It is used by over 100 companies, including banks, fintechs, logistics and e-commerce platforms across eight African markets: Nigeria, Ghana, Kenya, Uganda, Tanzania, Rwanda, Morocco and Egypt.

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TechCrunch

FEBRUARY 10, 2023

Behind such transactions is cross-border commerce, where African brands, via personal shoppers, export their items to a global audience. million) in pre-seed funding. and Europe to customers globally. Nigeria, Ghana, and the U.S., to shop for and ship luxury items to them. for relatives back in Nigeria.

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed Brakeman, a senior managing director at Bain Capital and Hans den Bieman, founder and ex-CEO of Mowi, one of the largest salmon businesses globally.

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TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. “This group brings more than just capital to the equation.

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TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. These startups offer embedded finance solutions; Maelis Carraro , Catalyst Fund MD, explains the thought process behind this selection in a statement.

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TechCrunch

DECEMBER 30, 2021

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. What’s a record year of funding without some unicorns? From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. billion and $2.8

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TechCrunch

SEPTEMBER 27, 2022

million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 debt funding. Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth. million , including $6.4

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TechCrunch

FEBRUARY 3, 2022

Further checks in Crunchbase and Tracxn--platforms that track funding rounds in startups and private companies globally–reveal that the company closed the round in August 2021. Since its Nigerian launch in 2019, PalmPay has expanded to Ghana, serving over 5 million users, per information on its website.

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Beneblog: Technology Meets Society

FEBRUARY 19, 2014

This is totally the “how sausage and law are made” view, so don’t read this unless you want to know more about global accessibility in detail! Even though Benetech doesn’t have donor funding for this, our VP of Global Literacy, Betsy Beaumon, and I thought it would be worthwhile to attend this meeting.

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TechCrunch

JANUARY 25, 2022

The startup’s new financing round was led by European early-stage VC Speedinvest, with participation from Cathay AfricInvest Innovation Fund, Savannah Capital and other unnamed angel investors. This news follows the $700,000 seed funding OZÉ secured last year. African startups join global funding boom as fintech shines.

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TechCrunch

NOVEMBER 1, 2021

This funding comes after the company’s $30 million Series B round — $23.75 The funding will be used to test the concept out. Twiga also plans to use part of the funding to roll out low-cost manufactured food and non-food products under its brand before the end of the year. million equity and $6.25

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TechCrunch

JANUARY 17, 2022

Many startups are solving these problems for African SMBs in one form or another, and the demand for their services has seen Ghanaian startup Float pick up a significant round of funding. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit.

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TechCrunch

JUNE 30, 2022

Experts told TechCrunch that most recently announced deals were finalized months before macroeconomic challenges — high-interest rates, war, inflation — hit the global VC landscape. Thus, as startup funding decreases in the U.S. Last year, African startups received more than $1 billion in funding during those two months.

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Beth's Blog: How Nonprofits Can Use Social Media

DECEMBER 21, 2009

As a board member of Ushahidi and an advisor to Global Voices - very pleased to see them on the list of recipients which also included those listed below.

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TechCrunch

MAY 4, 2022

Trade has the least startup activity in a market that received $5 billion in VC funding last year. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund.

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TechCrunch

AUGUST 26, 2021

Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital. He also sits on the board of 88mph.

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Have Fun - Do Good

OCTOBER 4, 2011

When I signed up to participate in the Girl Effect Blogging Campaign, I wasn't sure how I would contribute, but when I connected with Carinne Brody at an International Museum of Women event a couple weeks ago, I knew she would be a wonderful person to talk with us about the connection between girls' education and global health.

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TechCrunch

JUNE 7, 2022

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.

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TechCrunch

OCTOBER 7, 2021

At the time, the company’s focus was to make it easier for African consumers to purchase products directly from global fashion retailers. It has plugins for big-name e-commerce sites WooCommerce, OpenCart and BigCommerce and is set to sign an official partnership with BigCommerce, extending its reach to more merchants globally.

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TechCrunch

NOVEMBER 1, 2021

The company’s total Series C stands at $250 million but its total funding to date is over $305 million. 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.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.

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TechCrunch

FEBRUARY 1, 2022

Andela has been pivotal to placing the continent’s tech talent globally. AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. The company (not to be confused with U.S.

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TechCrunch

MARCH 4, 2022

Uganda is one of the countries creating ripples in high-profile tech programs like the Y Combinator accelerator and Google’s $50 million Africa Investment Fund, launched in October last year targeting early and growth-stage startups. million in seed funding. The fintech plans to enter Ghana later this year.

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TechCrunch

FEBRUARY 17, 2022

Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. Earnipay founder and CEO Nonso Onwuzulike tried this while running Reaval, a Ghana-based recycling business he started on the side in 2019.

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TechCrunch

FEBRUARY 24, 2021

With wide and deep investor backing, Stitch will use the funding to consolidate growth 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. Other investors who took part include both funds and angels.

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TechCrunch

AUGUST 31, 2021

“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Africa has the lowest insurance penetrations globally. Yemaachi Biotechnology (Ghana).

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TechCrunch

AUGUST 30, 2022

The round also included a $5 million debt from Talanton and Verdant Capital Specialist Funds. FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked. We have the right business model, are profitable, and continue to pursue the kind of investors that are aligned with our goals and values,” Moraa said.

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TechCrunch

AUGUST 5, 2022

Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. Adisa told TechCrunch that BPS has grown from a single utility in Nigeria to four utilities in two countries, including Ghana, covering more than 8 million customers (residential and businesses).

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TechCrunch

APRIL 7, 2022

They received funding from Google Black Founders Fund last October before closing this seed round, which welcomed participation from Leonnis Investments. The investment will go into expanding its 50-man team, amping up its technology and exploring new markets like Ghana and Egypt, the founders said.

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TechCrunch

MARCH 2, 2022

Emtech has now moved into production following the successful pilot in Ghana last year. This next stage of growth comes against the backdrop of a recent $4 million seed funding from several investors. “We We started 2021 with one central bank and we ended with five regulators signing up for pilots and onboarding.

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