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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. In Zimbabwe, for instance, only 30% of the adult population had access to any financial services as of 2014. million in 2016.

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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

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. Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.

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South African startup Talk360’s seed funding hits $7M after new backing

TechCrunch

Months after the initial close of its seed round, Talk360 , a South African Voice over Internet Protocol (VoIP) startup, has raised an additional $3 million, bringing the total investment raised in the round to $7 million. South Africa’s Talk360 raises $4M to build single payment platform for Africa. seed funding.

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South Africa’s Talk360 raises $4M to build single payment platform for Africa

TechCrunch

Meanwhile, the startup is also looking to expand its international calling operations across Africa after closing a $4 million seed funding round, led by HAVAÍC. South Africa, Zimbabwe and Bangladesh are some of the markets where the calling app is widely used.

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Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

TechCrunch

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.

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

More and more of my time is spent around both raising money and raising awareness of how much more could be done with technology to increase social impact. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation.

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Construction insurance company Billy raises additional $2.5 million

TechCrunch

million led by Entrada Ventures and MetaProp, bringing its total funding to $6.7 Last year, Black founders raised just 1% of all venture capital funding, a slight dip from the record 1.3% Born in Zimbabwe, he was a childhood pen pal of the late Michael Tyler Fisher , a member of the billionaire Fisher Family real estate dynasty.