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Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment. “The more we grow, the more we have funding.
The startup is announcing the acquisition of Morocco-based B2B e-commerce and distribution platform WaystoCap for an undisclosed amount. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
The project is training 300 NGOs in Jordan , Lebanon , Tunisia , Morocco , and other Arab countries to become networked ngos and use social media for civil society goals. A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund.
Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Once it gets operations right in Morocco, Chari plans to expand this BNPL service to Tunisia and other French-speaking countries in Africa. But Chari opted not to.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? It wasn’t a bad year, though. African startups nearly raised $1.5 billion and $2.8
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.
Yassir , an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. . Mary Meeker’s Bond has closed its second fund with $2 billion.
at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D.
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. This brings GOMYCODE’s total financing to $8.85
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. of the total African VC funding counted by Disrupt Africa.
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. To localize Networked Nonprofit concepts to an Arab NGO context, as appropriate, for improved project outcomes. The Morocco Team blogged about two of the tools that were demoed, social mention and rowfeeder.
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.
TrovaTrip , a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. The platform includes bookable experiences like hiking in Patagonia, sourcing textiles in Morocco, practicing yoga in Bali and more. transaction fee.
In one development of that theme, today, Taptap Send — one of the startups building tools to manage these money transfers — is announcing $65 million in growth funding as it continues its mission to enable remittances specifically to the most overlooked countries.
While local retail apps such as Bamboo and Chaka offer U.S. 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. To bolster its efforts, it has also raised $1.6
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. The goal is to train over 150-250 NGOs in Jordan, Lebanon, Yemen, Morocco, and other countries and help them put social media skills into practice.
seed funding. As the adoption of telehealth continues, Ponea targets to grow its customer base by 500,000 in the next three years, and establish a presence in four other markets including South Africa, Nigeria, Egypt and Morocco. “We Nigeria’s YC-backed Remedial Health raises $4.4M This means we do not build what is available.
In March 2021, it was 290,000; now, 900,000 businesses globally use Flutterwave to process payments in 150 currencies and across different payment modes: local and international cards, mobile wallets, bank transfers and its consumer product Barter. The number of businesses using its platform has also increased.
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. In the morning, we did a team building exercise to better understand the network core, the in-country teams from Yemen, Morocco, Lebanon, Tunisia, and Jordan. February 27, 2011.
Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. CEO David Akinin founded JABU in mid-2020 to fix Namibia’s inefficient and almost nonexistent supply chain and distribution.
Silent auctions have proven to be powerful tools for raising vital funds and rallying your supporters, but these fundraising events aren’t just about generating revenue. For nonprofits, galas and silent auctions can raise significant funds while cultivating relationships with people who truly support your cause.
E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. Rami Al-Karmi, N2V Lab.
” The conference marked the end of an 18-month capacity building program that trained more than 220 NGOs in Jordan, Lebanon, Morocco and Tunisia on how to use social media effectively to advance civil society. 83% of participants are applying their social media skills to engage local and global communities.
A source tells us Founders Fund is also investing. based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.
Kavita Ramdas, President and CEO, Global Fund for Women. Kavita Ramdas is the President and CEO of the nonprofit, the Global Fund for Women. I think it's worth it (: Kavita Ramdas: The Global Fund for Women is the largest independent, publicly supported grant-making foundation to advance women's human rights internationally.
Since its launch in 2018, Carry1st, a publisher of social games and interactive content across Africa, has raised funding from investors such as Google via its Africa Investment Fund and Avenir Growth Capital. We now have, in our minds, the three best funds that focus on gaming and web3. 1 downloaded game in the U.S.
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