TechCrunch

MARCH 7, 2022

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. African tech took center stage in 2021.

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TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. 250 (~$0.5) – ?300($0.6)

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TechCrunch

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. 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.

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TechCrunch

AUGUST 31, 2021

“This is the largest batch we have ever funded and it’s about 50% international. As a result, it is not surprising that this is the largest cohort from Africa,” Y Combinator managing director and group arptner Michael Seibel told TechCrunch when asked if any extra factor contributed to the rise in accepted African startups.

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TechCrunch

APRIL 26, 2023

The four-year-old digital verification upstart has received less than $500,000 in venture capital funding since its inception as well as $450,000 in grant money from DFS Lab through the Bill & Melinda Gates Foundation , Google’s launchpad studio accelerator , and others.)

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TechCrunch

DECEMBER 8, 2021

Kwara has over the last year entered South Africa and Philippines, as the demand for its services grew beyond Kenya. The seed round was led by Breega VC firm, with participation of SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners, Globivest and Do Good Invest. last year to reach $5.6

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TechCrunch

OCTOBER 5, 2021

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. million seed round to provide insurance services for Egyptians.

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TechCrunch

DECEMBER 15, 2020

In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. France, South Africa and Nigeria.

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TechCrunch

SEPTEMBER 21, 2022

The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.

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TechCrunch

JUNE 29, 2022

Kukua says the investment will support its goal to continue building an IP-centric kids’ “edutainment” universe with new Super Sema original content, licensing, merchandise and publishing offerings. Other investors include EchoVC, firstminute Capital and Auxxo Female Catalyst. Until “Black Panther.” Immediate plans include launching a U.S.

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TechCrunch

JANUARY 16, 2023

The new funding brings the total seed amount raised by the startup to $7 million. Initial round saw participation of several investors including Breega, SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners. In Kenya, only 175 deposit-taking saccos are licensed, as a vast majority remain unregulated.

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TechCrunch

AUGUST 22, 2021

The Taipei-headquartered company announced today it has raised $17 million in pre-Series A funding led by CDIB Capital Group. XREX’s last funding was a $7 million seed round in 2019. XREX’s last funding was a $7 million seed round in 2019. XREX’s crypto-fiat exchange allows users to convert USDT and USDC to U.S.

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TechCrunch

JANUARY 27, 2022

We also got our license approvals to go live in the U.S. The chief executive also said NALA, currently present in Tanzania, Kenya, Uganda, Rwanda, Ghana and South Africa, plans to be live in 12 African countries by the end of the year, including Nigeria. and the E.U., country, probably France.”.

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TechCrunch

JANUARY 31, 2022

Then in August, the Central Bank of Nigeria (CBN) accused them of operating without licenses as asset management companies and “utilizing F.X. 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. sourced from the Nigerian F.X.

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TechCrunch

OCTOBER 11, 2021

Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.

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TechCrunch

JANUARY 17, 2023

And as g amers in sub-Saharan Africa increase to more than 180 million in the next five years, per a report, s tartups such as South Africa-based Carry1st are strategically positioning themselves for this successive growth phase in the industry. We now have, in our minds, the three best funds that focus on gaming and web3.

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Fast Company Tech

FEBRUARY 15, 2025

I witnessed ethnic strife in South Africa and the toll poverty takes in Mexico. without authorization and to stop funding the U.S. This article is republished from The Conversation under a Creative Commons license. I covered the war between Iraq and Iran. And having worked in senior levels of the U.S.

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