TechCrunch

APRIL 20, 2023

Startups and VC Three former managing directors at Amex Ventures went out on their own to start Vesey Ventures, and now they have closed on their debut fund with $78 million in capital commitments to back early-stage fintech startups. million in seed funding , Annie writes. Mary Ann has more on their journey. Catherine has more.

Management 98

Management Mobile Senegal Problem 98

TechCrunch

APRIL 26, 2023

Within the last 18 months, the four-year-old startup worked on analyzing fraud data from global money networks, verification of mobile money financial statements and blocklist data from various banks and fintechs within the last 18 months. We have product depth in Nigeria already.

Service 145

Service Africa Nigeria South Africa 145

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. However, the recent entry into Ivory Coast and Senegal somewhat forced its hand.

Global 94

Global Senegal Nigeria Rwanda 94

TechCrunch

DECEMBER 8, 2021

CinetPay , a payment gateway that allows e-merchants and merchants to accept mobile money and other forms of payments in Francophone Africa, has secured $2.4 million in seed funding. “But the cost that we make is that in Francophone Africa 80% of the population have a mobile money account.

Burkina Faso 100

Burkina Faso Africa Togo Benin 100

TechCrunch

APRIL 28, 2023

While traditionally busy markets like North America and Europe benefited from the explosion in capital, other regions with more nascent startup scenes also saw big gains in their ability to attract funding. TechCrunch recently covered a $4 million round for Shuttlers, which we described as a “Nigerian shared mobility company.”

Results 96

Results Global Africa Senegal 96

TechCrunch

SEPTEMBER 21, 2022

The company, which facilitates B2B payments for businesses in Francophone West Africa, mainly via mobile money channels, has raised a total of $7 million in the financing round. . In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts. million monthly. Image Credits: Julaya.

Africa 81

Africa Burkina Faso Business Senegal 81

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. billion and $1.8

South Africa 129

South Africa Raise Africa Ghana 129

TechCrunch

DECEMBER 1, 2021

The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National Express) and Liil Ventures (Mobility ADO). Costamagna, in a statement, said the funding will help Gozem increase the figure to over 200,000 before 2025.

Togo 99

Togo South Africa Service Africa 99

TechCrunch

AUGUST 18, 2022

million in seed funding. Nigeria-based growth equity fund Aruwa Capital Management led the round with participation from Acumen, Blue Earth Capital, All On, GSMA and other investors. A typical Koolboks unit works as a refrigerator, freezer, or lighting, as it comes with two LED light bulbs and USB ports for charging mobile phones.

Africa 97

Africa Burkina Faso Sierra Leone Nigeria 97

TechCrunch

APRIL 12, 2021

It went live with its mobile and internet banking service in 2016 and launched an instant card issuance product in 2017. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. But overall , the company says it has raised $15 million in equity funding.

Technology 145

Technology Nigeria Raise Africa 145

TechCrunch

JANUARY 21, 2022

Chapter54 will be funded to a tune of $5.7 and Senegal-based mobile money service provider, Tugende; a Ugandan mobility-tech company; and Trade Depot, a Nigeria and U.S.-based Application for the inaugural cohort will open next month, and successful startups will begin the acceleration journey in April.

Africa 87

Africa Help Senegal Europe 87

TechCrunch

DECEMBER 20, 2021

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.

Sri Lanka 94

Sri Lanka Marketing Cameroon Zambia 94

TechCrunch

JULY 6, 2022

Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands. Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. The company, which in October last year raised $13.1

Africa 86

Africa Morocco Benin Senegal 86

TechCrunch

OCTOBER 6, 2021

Chari operates as a mobile app allowing small retailers to order products from partnering FMCG multinationals and local manufacturers and get them in less than 24 hours. “The more we grow, the more we have funding. We hope that this seed round will be one the first of a long series of noticeable seed funding in Moroccan startups.”

Morocco 100

Morocco Digital Raise Tunisia 100

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.

Raise 99

Raise South Africa Africa Kenya 99

TechCrunch

MARCH 15, 2021

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Next , they request the funds via bank transfer, leading to more incurred costs or use other cross-border money platforms like WorldRemit.

Paypal 132

Paypal Collaboration Africa Nigeria 132

TechCrunch

NOVEMBER 28, 2022

London-based venture capital firm Anthemis co-led the growth round alongside crypto-focused fund Dragonfly Capital. In addition to connecting their mobile money accounts and accessing crypto, users could also make cross-border transactions via stablecoins. Now, it counts over 70,000 users across nine Francophone African countries. .

Platform 87

Platform Cameroon Burkina Faso Raise 87

TechCrunch

JUNE 29, 2022

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

Africa 97

Africa South Africa Nigeria Kenya 97

Bloomerang

APRIL 2, 2021

Peace Corps in Senegal in West Africa. So during Suicide Prevention Month, there was a campaign called Seize the Awkward, and they ran a three-day Twitch event to raise awareness and raise funds, where people on Twitch that were doing live streams. They’re probably on mobile, maybe they’re on iOS. Where are they?

Social Media 112

Social Media Trend Media Video 112