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Steve Heyes, a colleague and founder of LearnAsOne , has just embarked on a great journey to Zambia and you’re invited! Steve and 3 self-funded volunteers (found for free via Google Grants!) are headed to Zambia to document a community who doesn’t have a school, in as close to real-time as possible. What do you need?
Nigeria is one such market where per Statista , local labels such as Verve, the largest domestic card scheme developed by unicorn fintech Interswitch, control more than half of the market. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. ARC2022 is coming soon with plenty of announcements.
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. 2019 saw the local VC firm invest in six companies.
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. This is a needed involvement given that countries across sub-Saharan Africa have an average of 0.23
million in pre-seed funding. At some point, we wanted to issue cards and worked with one of the local banks in Nigeria,” said CEO Bakori. For instance, a mobile wallet or local card in Nigeria trying to make a purchase on Amazon is always a dreadful experience. Union54, despite being based in Zambia, has customers across Africa.
Its offers a “high-yield” savings account, free FX and adjacent digital banking services so customers can save in a stable currency, the dollar, and spend-as-they-go in local currencies. The company was founded by Ahmed Ismail , Youcef Oudjidane , Khalid Keenan and Abdigani Diriye in late 2021.
ChildFund International just rebranded from the Christian Children’s Fund last week as an effort to demonstrate a singular commitment to children’s welfare today and tomorrow (image: Faith Smiling by ChildFund, NZ ). These efforts will directly benefit children in Gambia, Zambia, Kenya and Ethiopia. A goat for a family farm in Zambia.
We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. Case in point is our team’s work with local LGBTI groups in Sub-Saharan Africa to help them establish independent human rights documentation initiatives.
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. Akinin launched a startup to offer digital mortgages but pivoted to a construction company with a presence in Namibia, Zambia and Cameroon.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch. This in addition to helping 1,000 startups raise funds.
KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros. According to the company, these suppliers receive payments in their dominant currency in three days.
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.
By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We The venture studio is planning on building a fund that will target startups in the growth stage. “We
Prior to the pandemic, PATH had received funding from the Bill and Melinda Gates Foundation to increase the strength and data capacity of Emergency Operations Centers —facilities that are activated in times of crisis to coordinate a response across a range of stakeholders.
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.
As highlighted this March and reiterated in the interview, Bloom’s founders say this seed round will help the Sudanese- and Dubai-based startup execute its expansion plan across the Anglo-East African region such as Ethiopia, Kenya, Rwanda, Tanzania and Zambia. A few competitors in the region include YC-backed Fingo, Koa and Finclusion.
Prior to the pandemic, PATH had received funding from the Bill and Melinda Gates Foundation to increase the strength and data capacity of Emergency Operations Centers —facilities that are activated in times of crisis to coordinate a response across a range of stakeholders.
Foundations and NGOs want to know how to take the best bits of successful investments—the “best practices”—and use those tactics to spread social good across different locales. How can the sector find out about projects in need of funding? But it’s not that easy.
So that leaves about 20% of the funding pool to organizations like you. Where they’re like, “No, I want my funds designated for this very specific thing, and you have to do it?” Steven: Donor is saying I don’t really care where the funds go, you know, you pick. Plus, it’s super competitive.
It's really designed to make sure that all solutions are both emerging from the local community and tailored to the community's needs, and are developing the leadership skills of the most promising and emerging leaders at the same time. The "collaborative project planning process" is a mouthful. He had no idea where his family went.
But the winner of the $50 million grand prize is low tech: spreading rock dust on small, low-income farms in India, Zambia, and Tanzania. The startup handles everything, sourcing rocks from local quarries and working with local crews to apply the product to fields. Now, it will use the XPrize funds to scale up.
The financing was led by the Steele Foundation for Hope , a nonprofit organization that says it’s focused on finding and funding lasting solutions for some of “humanity’s hardest challenges.”. They receive financial help and support from external partners and organizations like the Global Fund, USAID and Gavi, the Vaccine Alliance.
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