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. Venture capital investment in Africa predicted to reach a record high this year. What’s a record year of funding without some unicorns? African startups nearly raised $1.5

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TechCrunch

OCTOBER 27, 2021

Union54 , the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. Tiger Global declined to comment on the investment.

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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. 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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TechCrunch

FEBRUARY 23, 2021

The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. “The establishments of digital banks in South Africa is in its infancy. million customers.

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TechCrunch

JANUARY 4, 2022

billion investment that fintechs in Africa raised in 2020, and triple the amount in 2019. Among the largest beneficiaries of the fintech capital were Opay , which raised $400 million in Series C funding, Flutterwave , which got $170 million in a Series C round, and TymeBank , which raised $180 million in Series B.

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TechCrunch

FEBRUARY 11, 2021

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Investments did pick up, and from July, VC funding on the continent had a bullish run until December.

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TechCrunch

JUNE 7, 2021

million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Naspers, via its investment arm, Naspers Foundry, co-led the investment with Cathay AfricInvest Innovation Fund. Today, i t is announcing a $14.5

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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. During TechCrunch’s last conversation with CEO Ham Serunjogi , when the company announced its Series C round, he called Chipper Cash “the most valuable private startup in Africa” without specifics on the actual value.

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TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

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TechCrunch

JANUARY 18, 2022

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bet from institutional investors in this class of fintechs is massive and in the latest development from Africa, it seems individual investors appetite is increasing likewise.

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TechCrunch

FEBRUARY 24, 2021

Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. With wide and deep investor backing, Stitch will use the funding to consolidate growth in South Africa.

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TechCrunch

APRIL 7, 2022

million pre-seed funding, which the startup plans to use to fuel the growth of its new business. She anticipates greater growth for the partner fashion brands and the group following the new business pathway and funding. The funding round was led by Slauson & Co., We are looking at it from a global perspective.

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Kindful

AUGUST 9, 2021

Foundations in the United States focus their funding priorities on many different issues. If your nonprofit is seeking funding, it’s critical to identify the foundations whose interests and funding priorities align with your own. Funding Priority: Education. Global Fund For Children. Daniels Fund.

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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

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 r Internationale Zusammenarbeit (GIZ) will train managers of leading accelerators in Africa over the next two years, to help them establish sustainable business models that commandeer greater influence in their ecosystems.

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TechCrunch

MARCH 7, 2022

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. Africa has it different. The round, which comes after a $500,000 pre-seed, continues a list of fintech deals amid a wave of innovation rippling through the sector, which accounted for up to 60% of Africa’s total VC funding last year.

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

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Beneblog: Technology Meets Society

JANUARY 30, 2010

In the morning, I attended a session put on by the Young Global Leaders with six interesting proposals. I next attended a session on global biodiversity, and ended up talking to two of the three speakers afterwards about our Miradi project and about the software idea from my friends at Waste Concern. Today was an example of this.

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TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. In Africa, one startup is carving a niche for itself. However, it also powers affinity insurance players; some of the largest in South Africa actually.

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TechCrunch

JULY 26, 2021

Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in a bid to “address the severe lack of access to early-stage funding for African tech companies.” So, why do things differently now by creating a fund?

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TechCrunch

MAY 25, 2022

Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global. The round, which closed sometime in March, is Tiger Global’s second investment in the B2B e-commerce space after backing Wasoko in its mega Series B round. million seed round we covered.

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. billion for its Private Investment Partners 14 fund. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights.

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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

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. Outside Africa, the company is also present in the U.S.,

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TechCrunch

MAY 4, 2022

From Onayemi’s point of view, the growth of Africa’s digital economy revolves around gains in six segments: education, payments, logistics, transport, identity, and trade. Trade has the least startup activity in a market that received $5 billion in VC funding last year.

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Recode by Vox

MARCH 8, 2025

An asteroid 12 to 16 miles wide hit the planet more than 2 billion years ago, in what is now Vredefort, South Africa, while another 6 to 10 miles wide hit what is now Sudbury, Ontario 1.85 billion years ago. Very bad stuff. But were not helpless anymore.

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TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. The South African API fintech enables businesses to build, optimize, and scale financial products. Image Credits: Stitch.

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TechCrunch

JANUARY 12, 2022

SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion.

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TechCrunch

JUNE 8, 2022

The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. New York-based Endeavor is a global community of “high-impact” founders across almost 40 underserved markets in Africa, Asia, Europe, Latin America and the Middle East. Image Credits: Crunchbase/Endeavor.

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TechCrunch

MARCH 15, 2021

That might be a thing of the past for some businesses as African payments company Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. Going by this partnership, we can expect the majority of them to be global plays.

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TechCrunch

JUNE 10, 2021

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. ” Sub-Saharan Africa has a healthcare market of about $90 billion.

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TechCrunch

OCTOBER 24, 2022

Access to funding and lack of support systems are some of the greatest challenges faced by startup founders in sub-Saharan Africa. Launched today, Madica is a pan-African investment program that aims to offer funding, technology support, and mentorship to underrepresented founders across the continent.

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TechCrunch

JANUARY 19, 2022

This is a16z’s first investment in an Africa-headquartered company (the firm has previously invested in Branch and Zipline, companies with some of its operations in Africa but headquartered in the U.S). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa Investment Fund.

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TechCrunch

DECEMBER 8, 2021

“We want to encourage a high percentage of capital into regions outside the four main markets (South Africa, Kenya, Egypt and Nigeria) as much as we can. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV). This in addition to helping 1,000 startups raise funds.

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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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TechCrunch

NOVEMBER 15, 2021

One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . million in seed funding at a valuation of $50 million. But in other markets where there is some currency fluctuation, say, in South Africa, Nomod applies some FX cost.

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