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million in pre-Series A funding. Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards. When buying and selling homes, if you take SouthAfrica, for example, 40,000 agents are marketing 300,000 listings at any time.
In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. The South African API fintech enables businesses to build, optimize, and scale financial products. Image Credits: Stitch.
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, SouthAfrica, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion.
New York-based Endeavor is a global community of “high-impact” founders across almost 40 underserved markets in Africa, Asia, Europe, Latin America and the Middle East. The firm also has a fund, Endeavor Catalyst, which has backed many unicorns outside the U.S. The continent’s $115 billion digital economy is in its early phases.
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. However, it wasn’t until two years later that Njeru joined fulltime as he had a six-year engagement with Deloitte SouthAfrica from 2012 as a consultant actuary.
After nearly a decade of operation in Uganda, the startup is now set to scale its integrated digital health solution to more regions across the country and within East Africa over the next two years, following a $5 million Series A funding. In the long-term it will pursue growth opportunities in West Africa.
Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, SouthAfrica, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. Accelerators provide all-round support to early-stage startups, including helping them find product-market fit, funding and access to investors.
Companies are phasing from the first generation of AI, which deals with pattern, text and image recognition, to decision-making AI, which helps them make timely decisions in complex spaces. and hiring more talent is also in its use of funds strategy. . Advancing its computing infrastructure, expanding into the U.S.
Access to funding and lack of support systems are some of the greatest challenges faced by startup founders in sub-Saharan Africa. Launched today, Madica is a pan-African investment program that aims to offer funding, technology support, and mentorship to underrepresented founders across the continent.
In the checkout phase, we plan to introduce a very secure payment method…limited by time or value. In terms of maturity within the tech ecosystem, Nigeria is probably one of the best markets in Africa, competing directly with Egypt, SouthAfrica and a couple of others,” said El-Said.
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. TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and SouthAfrica.
million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Others include expanding its network of restaurants and continuing its pan-African expansion drive (into SouthAfrica and much later, Ivory Coast). million seed investment. The two-year-old startup raised $1.1
and SouthAfrica. We’re very deep in the research phase and quick iteration cycle to figure out the initial product we want to launch at a greater scale in 12 markets,” said the CEO who founded Bamba with Martin Schramm in January. In 2018, he started a pre-school chain based in the U.K.
Molly came and spoke to our entire company about their programs, where funding was most needed, and even had us perform some soccer drills they do with their kids. The honeymoon phase is over and we’re in that mid-campaign slump… Have no fear though, it happens with every peer-to-peer campaign. Hi Fundraisers, It’s official.
New report examines Africa’s growth in the digital economy and VC investment landscape. The idea to build Adanian Labs, was conceived in 2018, when Kamara was living and working in Cape Town, SouthAfrica, where he witnessed the fast growth of the startup ecosystem, and how, in most countries, accelerators were the default launch pads.
Some deals include $300 million direct equity in DP World, $75 million direct debt in Stanbic IBTC Bank, $100 million in Standard Chartered, a $20 million investment in Verod Cap, and a $15 million investment in the TLcom TIDE AfricaFund. billion and £2 billion yearly from 2022 and 2026 in “Africa, parts of Asia and the Caribbean.”
The company says it will use the funding to improve its technology which protects and limit partners’ exposure to risk. Across emerging markets in Africa, Latin America and Southeast Asia, most ride-hailing drivers don’t have access to car financing. SouthAfrica’s FlexClub raises $1.2M, partners with Uber Mexico.
And as g amers in sub-Saharan Africa increase to more than 180 million in the next five years, per a report, s tartups such as SouthAfrica-based Carry1st are strategically positioning themselves for this successive growth phase in the industry. Image Credits: Carry1st. 1 downloaded game in the U.S.
So we have got a funding source that is secure and we have also got the City Council, they haven't taken a vote yet, but all the members seem to be very supportive. and you kind of go through your rebel phase. Oakland, among other places, sued, got a four-point-something million dollar settlement.
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