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Trade has the least startup activity in a market that received $5 billion in VC funding last year. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund.
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). The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service. Image Credits: Gozem.
million in seed funding. Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. On the platform, merchants have to open an account and then upload their KYC, integrate Cinet’s APIs and start collecting payments.
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team.
We see many opportunities to unlock value for users across all the categories on our platform and to expand into new countries, and we are looking forward to leveraging Autochek’s market leading loans product and expertise to deliver more transformative experiences for our users,” said Papet in a statement. TLcom and 4DX drive $13.1M
Founded by Olaoluwa Awojoodu , the company’s agent banking platform, PayCentre Africa, is present in Nigeria, Niger, Burkina Faso, Ivory Coast and Togo. The San Francisco- and Lagos-headquartered startup will also go for customers who use banks and other digital-only platforms like Kuda, Carbon and FairMoney. For now, Yep!
Small to large enterprises in these countries can use the Julaya platform to make bulk payments to other businesses and their unbanked employees through existing mobile money channels. European venture capital fund Speedinvest led Julaya’s pre-Series A extension round. Byld Ventures, a $15M fund, backs fintechs in Africa. “I
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