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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. While working on the problem, they identified the skewed incentives when interacting with card issuers. And they launched Union54 not only to solve that problem for themselves but other fintechs.

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

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. We needed an energy ladder and a series of products that were all connected in some ways but solve different problems for these 2.2 billion people,” he said.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

“What’s more, our interactions with customers and potential customers have shown us that the real problem we are tackling isn’t the ease of issuing cards– rather, it’s much broader than we could have imagined.” Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

We’re thrilled that today’s rapid changes in technology are opening up tremendous new ways to address the problems they face. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. To do so, we definitely need your help.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

million in pre-seed funding. The fintech landscape, as described by Bakori, is one where while startups create silo interfaces that allow their customers to send or receive funds between themselves, issues always arise when global financial systems come into play. Union54, despite being based in Zambia, has customers across Africa.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. But it’s completely different in Africa.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

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. The problem that we think is most pervasive is consumers’ inability to protect the value of their wealth.

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