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Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
The first is developing strong local partners , such as disability NGOs, libraries or educational institutions that help us customize our services to the specific needs of their communities. They also provide outreach and user support, which helps us keep our costs low as well as build local capacity to meet accessibility needs.
During his time at Accra in 2016, he met Quao, a trained pharmacist in Ghana at a hackathon whereupon talking found out that their interests in medical testing overlapped. Beattie says to TechCrunch that while he saw many exciting new tests in development in the US, he didn’t see the same in Ghana.
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Rounding up the top five was Ghana with $111 million, displacing Rwanda which was fifth in Partech’s 2019 list. million; Nigeria followed with $150.4
and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. CEO Ruth Iselema.
The Techstars-backed company is actively fueling its expansion across Nigeria and Ghana having raised more than $1.5 million in funding, money also used to acquire a similar player in Ghana. Now, investors are interested in this and think local mobility plays can be valuable solutions,” Olokesusi said. “We
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.”. The new funding brings the total amount raised in the round to $14.4
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). Bim Adisa (CEO). BPS’ business model entails working with its clients as partners over the long term, and not just to sell products, said Adisa.
But even with these additional features tailored to a Nigerian audience, Mono is going after other markets like Ghana and Kenya, first mentioned by the CEO in May. Mono has delivered on only Ghana, for now, piloting with a few banks and fintechs such as Oze and Tranzo. However, not everyone measures growth this way.
While local retail apps such as Bamboo and Chaka offer U.S. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I Nigeria is a silo, same with Ghana, Kenya and South Africa etc. You have exchanges where the securities are traded in each country.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. It focuses on retail investors, enabling them to start with investments as small as $5.
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. Image Credits: Pezesha.
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. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users.
Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation. 2019 saw the local VC firm invest in six companies. 2019 saw the local VC firm invest in six companies. Though, just eight of those companies got investments.
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Covid showed us that the best form of care is local, it is in the community, and the closest thing in communities are pharmacies. doctors for every 10,000 people against the best ratio of 84.2
It’s a one-year program where students take classes for nine months (three semesters) followed by a three-month internship at local tech companies to gain experience. SoftBank sinks $200M into Andela, propels company into unicorn territory. 10,000, almost ~$20) to participate in AltSchool’s software engineering program, which starts in April.
But issues around pricing, flexibility to innovate and a lack of local tech support always come up. “We started Appzone with the intention to build out innovative local solutions for banking and payments on the continent,” CEO Obi Emetarom told TechCrunch. This is where Appzone has found its sweet spot.
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. Li Jian joined Huawei in 2001 and became a member of the board of supervisors in 2017.
The startup has today announced entry of RejaReja, the B2B retail marketplace, into Ethiopia, Ghana, Tanzania, Rwanda and Uganda, after successful pilot programs, coming about two months after it grew beyond Kenya by launching in Nigeria.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. A handful of local acquisitions and a monumental exit. Last year, the trend of seeing local companies buy each other played out and continued into 2021.
“Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.” These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages.
PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. .” Image Credits: PawaPay. Last year, West Africa recorded 198 million mobile money accounts compared to East Africa’s 293 million.
Ecosystems outside the top four include countries like Ghana, Uganda, Tanzania, Morocco and Tunisia. Outside the top four countries, startups from Ghana, Algeria, Tunisia and Senegal raised the most equity funding. Though at the same time, it can open up opportunities for local funds to earn ground and enter better deals,” he added.
It will start its expansion in Ghana before expanding to the neighboring Ivory Coast, accelerated by a fresh $12.9 The partnership with retailers, said Attiah, emerged after Farmerline realized that working directly with the farmers would amount to “competing with local businesses, and it didn’t make any sense. million ($6.4m
In accessing investment options, especially in capital markets, both locally and globally, we want to make that easy for Africans because we’re driven to help Africans create and preserve wealth by owning shares in the world’s most successful companies.”. The next market for Bamboo is Ghana. These are very early days.
Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies. Next is its mobile application which lets users in Nigeria, Ghana or Kenya send and receive money. They can also create virtual cards and fund them with their respective currencies.
“For us, our strategy is to build a global team that can think local and execute properly. MaxAB’s acquisition of WaystoCap is the second local cross-border acquisition that has played out in Africa this week. And we figured out that they’re already a perfect fit for that.”
In Nigeria, at least four platforms offer both local and foreign stocks to individuals. Yet for the average Nigerian interested , participating in trading local stocks is hard — and practically impossible for foreign ones. Robinhood is no exception. Chaka is one such platform. Today, it is announcing the close of its $1.5
The company plans to use the investment to expand within its home market Nigeria — where it operates in Lagos, Port Harcourt and Abuja — and outside to Ghana and Kenya. For its expansion into Ghana, Kiki Anku, who has worked at Apple and a couple of startups, will spearhead the task.
Additionally, tech giants like Amazon and Google are scouting for talent in Africa, further raising the demand for local developers. This is a significant opportunity for African countries like Nigeria and Ghana among others, as English is the primary Language, and the time zone is favorable,” Yusuf said.
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. 500 Global’s take on the rising competition among startup accelerators.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch.
Many of them consistently draw larger audiences on Audiomack than on Spotify or Apple Music , largely due to the platforms strong presence in local markets. 1 on iOS and Android in Nigeria and Ghana. Audiomack responded to this by striking bundling deals with local cellphone carriers. We’re No.
KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. 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.
With the Salesforce.org Nonprofit Success Pack , they plan to track and manage relationships and interactions with constituents across all regions, allowing them to develop local leadership, build a diverse network of local groups that campaign with impact, and connect partners across the climate movement and social justice movement.
blog is to facilitate networking, collaboration & the sharing of information and ideas about global and local issues. The photo above is from Ghana. T he main purpose of the blog, according to the "about" page, is: The purpose of the OneWorld U.S. It looks a blog community that is just getting started.
The Barcelona-based company has invested up to €25 million ($30 million) by bringing its food delivery service to six African countries — Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire and Nigeria. Earlier this year, it launched operations in Lagos, Nigeria and Accra, Ghana before expanding to Tema, another Ghanaian city last month.
It currently covers some 20 countries for receiving money, some of the very poorest and/or least developed places in the world including Bangladesh, Cameroon, DRC, Ethiopia, Kenya, Madagascar, Morocco, Nepal, Nigeria, Pakistan, Republic of the Congo, Sri Lanka, Vietnam, Côte d’Ivoire, Ghana, Guinea, Mali, Senegal and Zambia.
These are markets where it has distributors or dealers; 13 of them are in sub-Saharan Africa: Benin, Burkina Faso, Democratic Republic of the Congo (DRC), Ghana, Ivory Coast, Kenya, Liberia, Nigeria, Madagascar, Mozambique, Rwanda, Senegal and Sierra Leone. Koolboks is also eyeing DRC and Ivory Coast as its next offices, Dominic said.
The founders draw on prior experience building API products for local markets in the past. We might not wait long as Okra is currently in beta in Kenya and South Africa, and Mono is planning an expansion into Ghana and Kenya before the end of the year. He left a year to Smile Identity, a San Fransisco-based identity API company.
Born in Accra, Ghana, he moved with his family to Los Angeles at the age of three. Inspired by the launch of the iPhone, he spent time at his local libraries, first in Compton and then later in Harbor City after his family moved, to teach himself computer programming with hopes of one day becoming an entrepreneur.
By the time he left, three years after, Bundle was only live in Nigeria and Ghana with less than 100,000 active users. Still, it is when compared with its peers in Africa as no local crypto platform serving just Africa has reached a million customers. Bundle’s numbers might not seem impressive from a global standpoint.
Kuda claims to have up to 5 million users, more than thrice the number it had last August during its $55 million Series B round , money it raised to enter into other African countries like Ghana and Uganda this year. In addition to remittance, Kuda intends to provide direct debits and local transfers to Nigerians in the U.K.
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