TechCrunch

SEPTEMBER 2, 2022

The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem over the past few months, especially among startups that have raised vast sums of venture capital within the last year or two; for instance, Swvl laid off 400; Wave , approximately 300; 54gene , 95; and Vezeeta , 50.

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TechCrunch

SEPTEMBER 27, 2022

The new funding brings the total amount raised in the round to $14.4 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. We are thrilled to support Farmerline Group and smallholder communities across Ghana and Ivory Coast.”.

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TechCrunch

APRIL 12, 2021

Since its inception , the Google for Startups Accelerator alumnus claims to have led Africa’s fintech sector in some global firsts from the continent. Third, the first multi-bank direct debit service based on single global mandates. Four years later, it raised $2.5

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TechCrunch

OCTOBER 11, 2021

Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.

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TechCrunch

FEBRUARY 1, 2022

Andela has been pivotal to placing the continent’s tech talent globally. AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. Nigeria’s Decagon raises millions to finance and train software engineers.

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TechCrunch

MAY 4, 2022

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. It’s one of the few companies offering such services, including Firstbase.

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. “I

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TechCrunch

JANUARY 31, 2022

There are many Robinhood-esque platforms globally because of a growing need to invest in U.S. Following two years of significant growth and raising $2.4 million to facilitate it, the investment firm is announcing that it has raised $15 million in a new financing round. Following two years of significant growth and raising $2.4

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TechCrunch

JANUARY 27, 2023

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. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. Last year, the New York-based firm, known for its famous bets on Stripe, JD.com, Meituan and Roblox, raised $6.7 In the aughts, Tiger Global participated in just 30 deals, according to The Generalist , a newsletter on topics around tech and crypto.

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TechCrunch

JUNE 22, 2022

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.

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TechCrunch

FEBRUARY 3, 2022

Africa-focused payments startup PalmPay raised a $100 million Series A round last year. 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. That’s why it made the push into Ghana.

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TechCrunch

AUGUST 9, 2021

Moove , an African mobility company with a fintech play, wants to change that, and is raising $23 million in Series A to scale rapidly across the continent. Moove raised a $5.5 In addition to its $23 million Series A, Moove also revealed that it raised $40 million in debt financing, bringing its total funding to $68.5

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TechCrunch

AUGUST 26, 2021

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.

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TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. Other investors include Northstar, Social Capital, Novastar and TO Ventures.

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TechCrunch

NOVEMBER 3, 2022

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.

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TechCrunch

FEBRUARY 17, 2022

Earnipay , a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade.

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TechCrunch

AUGUST 30, 2022

The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets.

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TechCrunch

FEBRUARY 10, 2023

Behind such transactions is cross-border commerce, where African brands, via personal shoppers, export their items to a global audience. From apparel to beauty and home decor to accessories, the e-commerce platform is connecting African and African diaspora luxury brands with high-end consumers worldwide and African shoppers to global brands.

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TechCrunch

NOVEMBER 17, 2021

Coming off a year of exponential growth, it has raised a $48 million Series B to provide more alternative payment solutions to its millions of merchants and consumers. African startups join global funding boom as fintech shines. Since the company’s Series A raise of $2.5 From 2016 to 2017, Ozow raised a combined $1.2

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TechCrunch

APRIL 19, 2021

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.

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TechCrunch

JANUARY 25, 2021

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. This represents nearly four-fold growth over a year ago when its portfolio raised $6 million (and just $3 million in 2018). Though, just eight of those companies got investments.

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TechCrunch

AUGUST 5, 2022

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).

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TechCrunch

FEBRUARY 14, 2023

of Africans are insured , which is less than half the global average of 6.3%, making it the least insured continent in the world. It is used by over 100 companies, including banks, fintechs, logistics and e-commerce platforms across eight African markets: Nigeria, Ghana, Kenya, Uganda, Tanzania, Rwanda, Morocco and Egypt.

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TechCrunch

DECEMBER 30, 2021

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. African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. It wasn’t a bad year, though. billion and $2.8

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TechCrunch

JANUARY 27, 2022

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 Tanzania, Kenya, Uganda, Rwanda and Ghana. It also struck a deal with Citi Bank Global to manage their F.X. and the E.U., Image Credits: NALA.

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TechCrunch

DECEMBER 20, 2021

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19.

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TechCrunch

FEBRUARY 16, 2023

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. Before raising over $30 million, Dash initially wanted to raise a quarter of that money, about $8 million, as its seed round.

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TechCrunch

MARCH 15, 2022

raised more money from venture capitalists in 2021 than ever. On the bright side, founding teams counting both women and men as members raised 17% of VC investments in Africa in 2021. Women-founded startups in Africa to have raised $100 million or more are led mainly by white CEOs. Women-founded companies in the U.S.

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Have Fun - Do Good

OCTOBER 4, 2011

When a girl receives an education, she stays healthy, HIV negative, marries when she chooses, and raises a healthy family. From October 4-11, Tara is asking bloggers to raise awareness about The Girl Effect by writing about it on their blogs. You may have seen The Girl Effect videos. If you haven't, check them out at GirlEffect.org.

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TechCrunch

JUNE 30, 2022

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.”

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TechCrunch

FEBRUARY 1, 2022

Nestcoin , a company founded last November that builds, operates, and invests in web3 applications, wants to be pivotal in this transition and has raised $6.45 By the time he left, three years after, Bundle was only live in Nigeria and Ghana with less than 100,000 active users. million pre-seed to that end.

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TechCrunch

APRIL 13, 2022

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. Umba has been in operation for about two years now.

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TechCrunch

JUNE 9, 2022

It raised $850,000 seed in October 2020. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. While there are various jobs in every facet of life, tech jobs are currently in high demand in the global economy these days.

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TechCrunch

MARCH 2, 2022

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.

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TechCrunch

AUGUST 23, 2022

Mural, a crypto firm focused on decentralized autonomous organizations ( DAOs ) infrastructure, has raised $5.6 This was the company’s first outside capital raise through investors like Mike Novogratz’s Galaxy Ventures, Barry Silbert’s Digital Currency Group, Firstminute Capital, 186 Ventures and a handful of founders.

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TechCrunch

JANUARY 25, 2022

OZÉ , a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. But also really pushing towards what’s possible for business owners in Ghana and Nigeria, who has a smartphone in their pocket.”.

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