TechCrunch

DECEMBER 6, 2021

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot , a Nigeria- and U.S.-based A large majority of small and medium-sized businesses in Nigeria and across Africa are offline.

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Africa Nigeria Service Raise 101

TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. Nigeria has a population of almost 200 million, with 60% under the age of 25. Nigeria’s Decagon raises millions to finance and train software engineers.

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Nigeria Alternative Build Raise 139

TechCrunch

MARCH 18, 2021

The firm seems to have found an investor as it announced that The Rise Fund , the global impact investing platform of investment firm TPG , will invest $200 million in its mobile money arm. . Typically , these services are present across countries of operation except Nigeria. million and 9.7% ARPU growth.

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Africa Mobile Money Fund 88

TechCrunch

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. The report says 36% of all-time funding reported by the health supply chain startups it profiled was raised in the last 12 months. And of course, funding in health tech is generally low.

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TechCrunch

NOVEMBER 18, 2021

Millions of small businesses globally, especially in emerging markets, have stayed offline for the better part of the past decade. In Nigeria, some go to the extent of keeping information offhand. million in pre-seed funding. The startup’s new financing round was led by Berlin-based VC Target Global.

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TechCrunch

FEBRUARY 3, 2022

Further checks in Crunchbase and Tracxn--platforms that track funding rounds in startups and private companies globally–reveal that the company closed the round in August 2021. PalmPay came into Nigeria’s payments scene in June 2019. PalmPay launches in Nigeria on $40M round led by China’s Transsion.

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Nigeria Ghana Africa Raise 87

TechCrunch

FEBRUARY 10, 2023

million) in pre-seed funding. for relatives back in Nigeria. Nigeria, Ghana, and the U.S., You need to build credibility, you need to build trust, and consumers need to consistently be aware of the platform and the brands we have,” remarked the chief executive addressing Jendaya’s order value in comparison to offline stores.

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Africa Platform Fund Raise 95

TechCrunch

JANUARY 4, 2022

Among the largest beneficiaries of the fintech capital were Opay , which raised $400 million in Series C funding, Flutterwave , which got $170 million in a Series C round, and TymeBank , which raised $180 million in Series B. While investments grew in 2021, the bulk of the funding went to a small number of startups.

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Africa Fund South Africa Mobile 115

TechCrunch

DECEMBER 15, 2021

For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. million in pre-seed funding led by European VC firm Target Global. million in pre-seed funding led by European VC firm Target Global. Like in the U.S.,

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TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. “This group brings more than just capital to the equation.

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TechCrunch

FEBRUARY 2, 2021

After leaving the Stripe-owned company in 2019, he launched a data startup called Voyance where Singh, who had already exited one of his products — Transferpay.ng , an offline payments startup — was a software engineer. How fintech and serial founders drove African pre-seed investing to new heights in 2020.

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TechCrunch

FEBRUARY 8, 2022

Let’s say you’re a freelance engineer in Nigeria working for a U.S. A few issues using third parties or a Bureau De Change, or BDC as commonly known in Nigeria, include inflated rates, you can only access them for specific hours, proximity and there are chances you’d get cheated. Grey has grown to transact north of $1 million monthly.

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TechCrunch

AUGUST 5, 2021

What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria. And also, we see a huge potential in the offline market. Right now, the reason why we have this problem is that transactions are offline. Some angel investors in the U.S.,

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TechCrunch

JANUARY 17, 2022

Other institutional investors include Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, and angel investors such as Buycoins’ Ire Aderinokun, Jesse Ovia and Ademola Adesina. Last year, 80% of the U.S.

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Africa Management Platform South Africa 118

TechCrunch

MARCH 3, 2022

Stax , a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 And so what we’re doing is building for them, because despite having a smartphone, they want to be offline. Nigeria and Kenya. million seed extension round. Enter Stax.

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TechCrunch

FEBRUARY 15, 2022

Offline payment is also a costly option for buyers as it comes with a cash-on-delivery fee. The e-commerce startup is also set for regional expansion, with immediate plans to enter Nigeria currently underway. “It’s million in funding from a number of investors including Ventures and Glint Consulting.

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Contact Egypt Platform Nigeria 89

TechCrunch

AUGUST 15, 2022

In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Small businesses in Nigeria have stayed offline for years, storing information and essential data offhand, on paper or ledgers.

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Digital Nigeria Raise Platform 91

TechCrunch

NOVEMBER 29, 2022

million in pre-seed funding this January, bringing its total funding raised this year to $4.5 With limited access to technology, these restaurants typically resort to using offline methods, including pen and paper, for things like manual reconciliation and inventory management. “Our million seed investment.

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System Digital Raise Africa 93

TechCrunch

JUNE 9, 2022

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

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TechCrunch

MARCH 9, 2022

And for some countries like Nigeria, customers need to accurately provide their addresses to financial institutions such as banks and fintechs to set up bank and other accounts. OkHi is tackling these challenges in Nigeria with its technology and has raised a $1.5 million seed extension to scale its efforts.

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TechCrunch

DECEMBER 9, 2021

The variety of uLesson’s services provides a stickiness (students spend an average of 57 minutes on the app) that has led to parents investing in smartphones for their kids’ schooling either independently or via uLesson’s “device+plan” bundle, which is only available in Nigeria. Nigeria remains uLesson’s largest market by far, said Shagaya.

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TechCrunch

JANUARY 27, 2022

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. Nala has built a hassle-free, offline mobile money payment platform for Africa. With Africa being the most expensive region to send money to, with 10.6%

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TechCrunch

JANUARY 10, 2022

The company plans to use the investment to expand within its home market Nigeria — where it operates in Lagos, Port Harcourt and Abuja — and outside to Ghana and Kenya. It also wants to improve its product offerings and add more staff.

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Service Build Kenya Africa 96

TechCrunch

FEBRUARY 21, 2022

million in seed funding. Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.

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TechCrunch

SEPTEMBER 22, 2021

Apart from being offline models, savings with microfinance banks, cooperatives and informal saving groups have manual, expensive and opaque processes. But collaboration between banks and fintech in Kenya is quite exasperating and even lags that of Nigeria, a country riddled with its own set of regulatory challenges.

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TechCrunch

FEBRUARY 4, 2021

Carbon has been lending in Nigeria for nearly 10 years, so we have a lot of credit history of our customers, and we believe we can assess new customers very well,” Chijioke Dozie, the company’s CEO, told TechCrunch. . Although these merchants sell competing products, Dozie says Carbon doesn’t control the prices. ”

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Africa Service Nigeria Egypt 63

Beth's Blog: How Nonprofits Can Use Social Media

APRIL 20, 2007

Netsquared Innovation Fund Netsquared Announces the 21 Featured Projects and solicits for feedback. She notes, "It doesn't specifically talk about open content, but discusses online and offline content income models in depth, with numbers." Check out Greenlight Nigeria and Mobile Monitors. Freecharity.org.uk

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Netsquared Nptech Summary Project 50

NonProfit Hub

OCTOBER 16, 2015

Beth is an expert in facilitating online and offline peer learning, curriculum development based on traditional adult learning theory and other instructional approaches. While there are larger numbers of Gen Z in India, China and Nigeria compared to UK or US, they are truly a global organization. You can read more her here.

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Social Social Media Student Cancer 28

TechCrunch

MARCH 24, 2021

Nigeria remains a largely cash-dominated country. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. Now we have built the agent network and are poised to serve customers directly via offline and online channels.

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Nigeria Raise Offline Phase 145

TechCrunch

JANUARY 20, 2021

ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Owl Ventures’ new pair of funds gives edtech a $585 million boost.

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TechCrunch

APRIL 8, 2021

While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. Other investors include Egyptian investment fund A15 and Dutch development bank FMO. For offline merchants, Paymob has a POS solution where they can receive in-store card payments.

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