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The threat of COVID-19 has prompted many countries to draft new and emerging technologies to fight the pandemic, with the latest example taking flight in Ghana. Since then, the company has expanded its operations to Ghana in 2019 and the US in 2020, delivering medical supplies and PPE in North Carolina last May. Image: Zipline.
The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors Target Global (an investor in neobank Kuda), General Catalyst, and SBI Investment. Tiger Global confirmed it led the investment in an email to TechCrunch.
Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash. Africa has it different.
As I mentioned in my previous two blogs about my Africa trip of last July, I had the pleasure of meeting many interesting people and learning about numerous exciting, cool projects during that three week long visit to Kenya, Tanzania and Ghana.
Other existing investors include Silicon Valley backer Jim Breyer of Breyer Capital, Shravin Bharti Mittal of Bharti Global Limited-an Indian Conglomerate, Social Capital and Golden Palm Investments. mPharma also enjoys expertise backing from well experienced professions in the pharmaceutical industry.
Africa Health Holdings , a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria. Delle is a World Economic Forum Young Global Leader, and a Harvard and Oxford graduate.
You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.
The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan.
Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.
TradeDepot , on the other hand, operates an asset-heavy model across Nigeria, Ghana and South Africa. For Tiger Global, this is the 10th deal and first outside fintech since re-entering Africa’s tech market in 2021. What they have in common is a presence in Nigeria, arguably the largest market for informal retail in Africa.
Today, it is doubling down on this effort by announcing the global expansion of its engineering talent. It also tested satellite models in Egypt and Ghana as substitutes to physical hubs. That experiment, which the company conducted in less than a year, is also part of its mission to be a global company. Image Credits: Andela.
“When these companies evolve to go global, we still count them as African companies.” Rounding up the top five was Ghana with $111 million, displacing Rwanda which was fifth in Partech’s 2019 list. Tidjane Deme , a general partner of Partech Africa, believes Ghana might be next.
And according to a new report from Salient Advisory, a global healthcare consulting firm, this is the segment where the most impressive growth has occurred for Africa’s healthcare in the last 12 months. Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021.
The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Nigerian mobility tech startup Metro Africa Xpress Inc. (
When I signed up to participate in the Girl Effect Blogging Campaign, I wasn't sure how I would contribute, but when I connected with Carinne Brody at an International Museum of Women event a couple weeks ago, I knew she would be a wonderful person to talk with us about the connection between girls' education and global health.
As a board member of Ushahidi and an advisor to Global Voices - very pleased to see them on the list of recipients which also included those listed below.
But also really pushing towards what’s possible for business owners in Ghana and Nigeria, who has a smartphone in their pocket.”. OZÉ boasts of a client base of more than 125,000 business owners in Ghana and Nigeria. African startups join global funding boom as fintech shines. Nigeria’s Kippa gets $3.2M
Michael Seibel , the CEO of Y Combinator, is a global advisor and an investor in the firm, and so is Andy Volk , the head of ecosystem for Google Sub-Saharan Africa. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation.
Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 million in equity from Insight Partners, Global Founders Capital, 4DX Ventures and ASK Capital, among others. Kinyua assumes the role of interim CEO. That’s a 4x boost in transaction volume and a 5x rise in user count within five months.
The funding comes at a time when Farmerline, which has operations across Ghana, is setting up shop in Ivory Coast as it continues its expansion across West Africa. As fertiliser prices more than quadruple and the conflict in Ukraine compounds global food security challenges, this investment is crucial,” it said. million , including $6.4
Experts told TechCrunch that most recently announced deals were finalized months before macroeconomic challenges — high-interest rates, war, inflation — hit the global VC landscape. “If these global funds pull out and do less, it also means more room for participation from local funds into the extensions or their pre-Series A.”
Further checks in Crunchbase and Tracxn--platforms that track funding rounds in startups and private companies globally–reveal that the company closed the round in August 2021. Since its Nigerian launch in 2019, PalmPay has expanded to Ghana, serving over 5 million users, per information on its website.
This is totally the “how sausage and law are made” view, so don’t read this unless you want to know more about global accessibility in detail! Even though Benetech doesn’t have donor funding for this, our VP of Global Literacy, Betsy Beaumon, and I thought it would be worthwhile to attend this meeting.
During his time at Huawei, Li Jian was an R&D algorithm engineer, representative of the Nigeria and Ghana offices, president of the West Africa region, president of Europe, and president of the Americas. Honors global CMO Guo Rui will temporarily take on the role of CMO for China, previously held by Jiang Hairong.
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.
Desiree Adaway, Global Service and Leadership: How I Have Fun, Do Good How do I have fun and do “good”? Every year I commit to leading a global volunteer trip. I have danced with an entire village in Ghana. Dancing in Ghana Just writing this post has broken my heart open and I feel the familiar ache. Egypt I volunteer!
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I Last year, Klasha’s consumer product allowed users in Nigeria, Ghana and Kenya to create virtual cards, fund with their respective currencies and send and receive money. Image Credits: Klasha. KlashaCart.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. While global investors have previously invested in African startups, their activity seemed more prominent in 2021, probably because of their participation across the board.
Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. Jetstream allows businesses to export goods across borders and access trade financing in Nigeria and Ghana.
First-time investors OP Finnfund Global and Endeavor Catalyst Fund participated as well. “We After that, Twiga will look at other markets — Cote d’Ivoire, DRC Congo, Ghana and Nigeria. This time , however, Paris- and Nairobi-based family office and private equity firm Creadev led the Series C round.
Now, she's taking her passion for data to the global stage, having been awarded a prestigious Fulbright U.S. Danika Harrod October 22, 2024 - 5:46pm Larissa Amoroso Vice President, Tableau Community, Tableau Tableau Academic Ambassador Dr. Mary Dunaway has spent years empowering students and educators with skills such as data visualization.
At the time, the company’s focus was to make it easier for African consumers to purchase products directly from global fashion retailers. It has plugins for big-name e-commerce sites WooCommerce, OpenCart and BigCommerce and is set to sign an official partnership with BigCommerce, extending its reach to more merchants globally.
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Starting in Ghana, they are initially only dispensing over-the-counter medication, but with plans to include prescription drugs in the near future.
Andela has been pivotal to placing the continent’s tech talent globally. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .
Our global search continues, and today, we’re urging early-stage startups across Africa to apply for the Startup Battlefield 200 at Disrupt 2023. Africa: The Startup Battlefield 200 wants your startups SB 200 is the startup world’s preeminent competition, and it has a global reach. Read about them on TechCrunch. Don’t delay.
Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. Adisa told TechCrunch that BPS has grown from a single utility in Nigeria to four utilities in two countries, including Ghana, covering more than 8 million customers (residential and businesses).
While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. Float, present in Ghana and Nigeria, intends to use this new capital to set up entities in Kenya and South Africa by Q2 as soon as it gets licenses to operate, Ghansah said on the call.
Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. Earnipay founder and CEO Nonso Onwuzulike tried this while running Reaval, a Ghana-based recycling business he started on the side in 2019.
Emtech has now moved into production following the successful pilot in Ghana last year. Investors who participated in the round include Noemis Venture, Octerra Capital, Consonance Invest, XFactor ventures, 500 Global, Canaan Partners, and Andrew Lundsten (formerly of Stripe), who also serves as the startup’s advisor.
These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. This incorporation-as-a-service plugin positions Norebase as a global player in the trade tech space. It’s one of the few companies offering such services, including Firstbase.
Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year. This year, the company began to make strides outside the continent. In May, it expanded to the U.K.,
Every nonprofit, big or small, stands to gain from working towards a common global goal. From a place of political neutrality, Sweden found that environmental pollution could be an issue of potential cooperation between members of the UN, and hosting a conference on that topic would help boost the UN’s global perception.
Global climate change is beginning to affect our lives in a real way. We leave that to China, Ghana, and other countries. And I will start this post off by being clear – this is as much of an internal, personal conflict for me, and a way in which I see my own behavior and my values diverge at times.
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