TechCrunch

DECEMBER 1, 2022

million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. We are launching in Uganda and Tanzania and have established strong partnerships with original equipment manufacturers (OEMs). Tips for e-commerce brands that want to win market share this holiday season.

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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. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015.

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TechCrunch

MARCH 20, 2023

Last May, Credable launched officially with two products: a 30-day term loan product in partnership with Vodacom M-Pesa in Tanzania and a short-term lending product for Diamond Trust Bank in Kenya. If you think of a market, like the U.S., If you think of a market, like the U.S., So far, over 1.2

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TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.

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The Next Web

OCTOBER 15, 2012

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Silicon Valley is made up of solely one industry: technology, whereas countries in emerging markets have existing industries, around which entrepreneurs are innovating.

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TechCrunch

FEBRUARY 13, 2023

The Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Qotto told TechCrunch it plans to scale in existing markets, and expand to Ivory Coast where it is set to begin operations by next month.

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TechCrunch

FEBRUARY 14, 2023

The burgeoning market is indicative that insurtechs are actively providing various solutions to businesses and end consumers, helping them manage the risks of purchases ranging from buying cars to accessing accommodation. The distribution business is essentially its embedded insurance product Grow.

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TechCrunch

MAY 4, 2022

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2

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TechCrunch

DECEMBER 5, 2021

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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TechCrunch

NOVEMBER 1, 2021

The continent’s retail markets are highly fragmented and mostly made up of small and informal retailers and intermediaries, which is why a ton of tomatoes that costs around $100 in the U.S., This funding comes after the company’s $30 million Series B round — $23.75 The funding will be used to test the concept out.

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TechCrunch

APRIL 20, 2023

Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators. The funding also includes $750,000 it announced last year. seed funding by Annie Njanja originally published on TechCrunch million seed round led by Logos Ventures.

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Senegal Tech Fund Raise 97

TechCrunch

APRIL 13, 2022

As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. I’d like to think that we’re the cheapest in the market. million to date.

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TechCrunch

DECEMBER 8, 2021

Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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TechCrunch

JANUARY 14, 2022

FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund ( EEGF ), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. million mezzanine investment from the fund.

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TechCrunch

APRIL 27, 2022

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.

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TechCrunch

JANUARY 27, 2022

to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U., and the U.K.

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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. So that’s why we’ve rebranded now to Wasoko, meaning ‘people of the market,’” he said.

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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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Beth's Blog: How Nonprofits Can Use Social Media

AUGUST 4, 2014

Perhaps that explains the appeal of community Giving Days or participating in global giving days like GivingTuesday. We are starting to see a rise of crowd funding projects done by and for kids, perhaps as part of the trend of “ PhilanthroTeens ” or “PhilanthroKids.” Raising Money To Fight Food Insecurity.

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TechCrunch

AUGUST 24, 2022

million (50 billion won) in a Series D funding round at a postmoney valuation of $2.7 The latest funding, led by South Korean private equity firm DSAsset, brings Tridge’s total financing to $111.7 That means users can check current and previous wholesale prices, volume, and market share of every agricultural product Tridge covered.

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TechCrunch

MARCH 8, 2022

As managing partner at Class 5 Global, a San-Fransisco venture fund that has backed startups like Careem and Meliuz, Oudjidane was central to the VC’s efforts in assessing investment opportunities across emerging markets. Further market research highlighted that East Africa was the perfect place for the team to start.

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TechCrunch

JANUARY 26, 2022

The renewable energy firm revealed the plans today when it announced the signing of a voluntary commitment with the United Nations to grow its energy market in sub-Saharan Africa and South Asia. Nigeria and India are the company’s biggest markets at the moment. Image Credits: Husk Power Systems.

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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.

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TechCrunch

JANUARY 18, 2022

Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and South Africa. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September. I think there’s a lot of similarities, often between regional markets.

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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. allowing people to send money from the European nation to Chipper Cash’s African markets.

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TechCrunch

JANUARY 25, 2021

Social enterprises like One Acre Fund, startups like Apollo Agriculture, and agribusiness giants like Flour Mills and Export Trading Group are also among Pula’s clients. “With our latest funding, now is the time to break into new ground. Co-CEOs with agricultural backgrounds. million farmers.

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TechCrunch

NOVEMBER 22, 2022

Leta , a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Our product has stabilized and we have a very good understanding of our sales process and our go-to-market strategy.

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TechCrunch

NOVEMBER 22, 2021

But the market might soon change as innovative products that run on micropayment or pay-per-use frameworks emerge under the support of institutions like the U.K.-funded funded Financial Sector Deepening (FSD) Africa. We are planning to launch the BimaLab Insurtech Accelerator Program in Ghana and Nigeria.” cents) a day.

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. So far, JUMO has served loans worth over $3.5

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TechCrunch

AUGUST 11, 2022

In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . Mbaabu confirmed the news on a call with TechCrunch, adding that the company let go of 54 people.

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TechCrunch

DECEMBER 14, 2021

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

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TechCrunch

MAY 18, 2021

Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. Thunes raises $60 million for cross-border payments in emerging markets. When Insight approached Thunes, it was not planning to raise more funding. The round included participation from existing shareholders.

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TechCrunch

FEBRUARY 21, 2022

MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. It also plans to enter additional markets in East and West Africa.

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TechCrunch

JUNE 7, 2022

Founded three years ago and launched in 2021, Klasha is tapping into Africa’s cross-border space in a vast e-commerce market worth over $25 billion. 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.

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TechCrunch

APRIL 16, 2021

In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. . In March of 2021, the company had $120,000 in MRR.

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TechCrunch

OCTOBER 27, 2021

“We are looking to roll out a green taxi category in South Africa in the next few months, and plan to roll out green categories in other African markets,” said Bolt’s regional director for Africa and Middle East, Paddy Partridge. The company already offers a green option in Kenya, where it also runs e-bike food delivery.

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TechCrunch

AUGUST 29, 2022

In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Verto picks up $10M for cross-border payments play in emerging markets.

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Kenya Raise Nigeria Africa 95