This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Ramani , a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, plans to introduce new financial services as it expands its operations in the East African country after raising $32 million in Series A debt-equity funding. Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa.
Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. We are launching in Uganda and Tanzania and have established strong partnerships with original equipment manufacturers (OEMs).
This funding comes after the company’s $30 million Series B round — $23.75 Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. The funding will be used to test the concept out. million equity and $6.25
Today, the unified payments app is announcing that it has raised $32.8 At the time, the Ghanaian fintech was raising $8 million–a large seed in its own right–and had acquired just a little over 200,000 users with transactions reaching $250 million. million in an oversubscribed seed round.
The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million. The company’s geographical reach has also changed shape.
The funding also includes $750,000 it announced last year. seed funding by Annie Njanja originally published on TechCrunch Its exploration of new growth avenues is backed by a $2.5 million seed round led by Logos Ventures. This year we are opening up the platform to more shippers in Senegal.
Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).
People donate to a shared cause in honor of that for which they are most grateful Fundsraised will go to support the work of Mama Lucy Kampton ( @MamaLucy ), a ChangeMaker who has transformed her community in Arusha, Tanzania through her school Shepherd’s Junior. Learn more and show your gratitude! Why TweetsGiving?
In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding.
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.
German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. This new Series A round was led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . .” “With our latest funding, now is the time to break into new ground. Co-CEOs with agricultural backgrounds. million farmers.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.
NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U., and the U.K.
Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. to $5B in 2021.
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. But we’ve been able to do that on our own without raising any kind of separate debt facilities.
This year, TMWL is raisingfunds that will support the work of 4 passionate women who truly believe that everyone has something to give: “ Mama Lucy &# Kamptoni sold chickens in her Tanzanian village & turned her income into a primary school that now serves over 400 children.
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.
Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.
Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. So far, the well-funded digital banks on the continent are either in a single country or, at most, two countries.
million seed funding it has raised in a round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult. The startup has so far raised $1.7 The startup has so far raised $1.7 The expansion is driven by a successful $1.5
MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. This latest round (equal amount of debt and equity) brings the total fundsraised by MarketForce to date to $42.5
In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems.
Avi is just back from Tanzania where he and other Epic Change team members were working with the students in the classroom built with last year’s TweetsGiving proceeds. Where do the funds go? We just spent three weeks at Shepherd’s Junior near Arusha, Tanzania setting up a technology lab and wireless internet at the school.
Avi is just back from Tanzania where he and other Epic Change team members were working with the students in the classroom built with last year’s TweetsGiving proceeds. Where do the funds go? We just spent three weeks at Shepherd’s Junior near Arusha, Tanzania setting up a technology lab and wireless internet at the school.
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. When Zola Electric was launched in 2011 by Erica Mackey, Xavier Helgesen and Joshua Pierce, the company provided solar home solutions to off-grid rural communities in Tanzania.
In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.
In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. . This round brings the total raised by 1Doc3 to $5 million.
Other investors in the round include Slack Fund and Cleveland Avenue , with Mike Gamson , Sterling Road , and Concrete Rose Capital as repeat investors. With the new funding, Five to Nine plans to expand its engineering teams, create new products, and increase hiring. “What we’re doing is super needed in the market.”
Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015.
In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. The news comes almost two years since the fintech raised a seed round of $2 million. The fintech has raised a total of $17.5 million to date.
Crowdfunding in general has raised more than 5.1 Perhaps that explains the appeal of community Giving Days or participating in global giving days like GivingTuesday. We are starting to see a rise of crowd funding projects done by and for kids, perhaps as part of the trend of “ PhilanthroTeens ” or “PhilanthroKids.”
Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital. He also sits on the board of 88mph.
Other investors in the round include Slack Fund and Cleveland Avenue , with Mike Gamson , Sterling Road and Concrete Rose Capital as repeat investors. With the new funding, Five to Nine plans to expand its engineering teams, create new products and increase hiring. “What we’re doing is super needed in the market.”
Credable , an upstart in this category that provides its clients with the technology stack, scoring capabilities, and banking partners, has raised a $2.5 Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding by Tage Kene-Okafor originally published on TechCrunch million seed round.
This year they hope to spread gratitude further and raise enough to help build an additional classroom, orphanage/boarding facility, cafeteria and library at Epic Change’s partner school in Tanzania, and to finding and funding future Epic Fellows like the school’s founder, Mama Lucy. Be sure to check out the Twitterkids.
Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. Goldfinch raises $25M from a16z to power its DeFi lending protocol for borrowers in developing countries.
In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.
Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total fundingraised to a little over $360 million.
JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.
Singapore-based Thunes , a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. from Insight Partners. Insight closes $9.5B
Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. The company’s total Series C stands at $250 million but its total funding to date is over $305 million. The sector remains the most funded on the continent.
The startup, currently with operations in Nigeria, Tanzania and India (Uttar Pradesh and Bihar), has set an ambitious goal of installing at least 5,000 mini-grids by 2030 and in the process make 1 million connections – half of which will be micro, small and medium-sized enterprises.
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 company was founded by Ahmed Ismail , Youcef Oudjidane , Khalid Keenan and Abdigani Diriye in late 2021.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content