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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. Its platform currently supports 400 businesses.
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. Earlier this year, Bitmama had fewer than 20,000 users across both platforms. CEO Ruth Iselema.
Several platforms have sprung forth to bring stock trading opportunities in their respective markets. In Nigeria, at least four platforms offer both local and foreign stocks to individuals. Chaka is one such platform. Egyptian social e-commerce platform Taager raises $6.4M Robinhood is no exception.
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.
Via its ridesharing platform, Shuttlers provides companies with better mobility options for their employees. . Through the platform, commuters can book a seat on one of the buses that goes along predetermined and scheduled routes. million in funding, money also used to acquire a similar player in Ghana.
The YC-backed food procurement platform has doubled down on the pivot — instrumental to the company’s $3.2 Its platform, described as a series of stacks, is designed to mitigate losses and help food businesses thrive. Since businesses don’t have access to accurate data, they usually buy what they don’t need.
While local retail apps such as Bamboo and Chaka offer U.S. The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. Nigeria is a silo, same with Ghana, Kenya and South Africa etc.
“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.” We aggregate that knowledge and provide one platform that ensures you don’t have to worry too much about trust,” the CEO added.
Its AI-enabled grid management platform, Adora, solves one of two fundamental problems power distribution companies face in Africa. The other problem is data-focused, tackled by the company’s proprietary platform called Customer and Asset Information Management system (CAIMs). Bim Adisa (CEO).
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.
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
Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency. It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. The app currently has more than 75,000 users in over 60 countries.
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.
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. in average transaction fees, digital senders like NALA pitch themselves to customers as platforms with the best rates and lowest prices. and the E.U.,
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. Mbaabu said that they aim to grow their RejaReja merchants tenfold to 1 million by the end of next year.
billion plays on the platform. Vibez is one of many African and Caribbean artists who have found breakout success on the platform. 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. The current No. We’re No.
It is also rolling out an e-commerce platform for pharmaceuticals. “We Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.
Details: Honor CEO Zhao Ming recently announced his departure from the Huawei spin-off on Chinese social platform Weibo as the company prepares for its upcoming IPO, having served for a decade. Li Jian joined Huawei in 2001 and became a member of the board of supervisors in 2017. In 2021, Li Jian joined the newly independent Honor.
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.
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.
But since the unicorn changed its business model to a pure marketplace focusing on senior developers, other platforms such as AltSchool Africa are trying to fill one of the gaps it left: training people to become junior to mid-level engineers. Andela has been pivotal to placing the continent’s tech talent globally.
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. Store owners can use the platform to purchase goods, request delivery or logistics to move the goods, and access a customer support team.
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.
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. Students on the platform go through two types of programs.
There are many Robinhood-esque platforms globally because of a growing need to invest in U.S. The company said it has more than 300,000 users; of that number, about 20% are active daily traders, while 75% never traded stocks before using the platform. In 2021, repeat depositors made up 85% of deposits on the Bamboo platform.
An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. Typically , they would be required to use a bank account or card.
Yet, ThankUCash , a platform launched in 2018 by Connected Analytics , has managed to thrive, proving that not all is gloom in the deals, coupon and rewards business. Online platforms like ThankUCash present these merchants with an opportunity to delve into rewards and help them retain loyalty and increase revenue.
Most recently, we took a critical step in our climate action plan by including climate as a part of the company public policy platform, joining priorities like equal rights and privacy and security. “We org’s Climate Justice Action map , which connects people with local groups and other activists. University of Massachusetts Amherst.
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
Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies. The checkout solution can be integrated into any e-commerce platform, the company said. Next is its mobile application which lets users in Nigeria, Ghana or Kenya send and receive money.
Before starting Nestcoin, founders Yele Bademosi and Taiwo Orilogbon led the charge at Bundle Africa, one of the continent’s well-known crypto trading platforms. With Bundle incubated within the ecosystem of the largest crypto exchange platform, Bademosi had lofty ambitions for the company.
KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. Klasha makes revenue via sales commissions and subscriptions merchants pay to use the platform for analytics. The platform will go live in Kenya in the next couple of months, said Anuna. Image Credits: Klasha.
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
After completing his MBA program, he got to work on a three-month aquacultural project in Ghana, which ultimately led to a three-year role where he became CFO of an Accra-based farm. “I We run a tech-enabled platform and have scaled 2x faster than any other African fish company. I learnt a lot about aquaculture scaling and all that.
The trained lawyer did all this while running the Africa Payments Club, a platform that brought together a pool of founders, experts and investors in the tech space to connect and address common business challenges as well as to scout for opportunities in Africa.
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. Kuda expects most of the transactions that will take place on its platform to fall between £350 to £500, Ogundeyi noted.
Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand its operations on the continent. Earlier this year, it launched operations in Lagos, Nigeria and Accra, Ghana before expanding to Tema, another Ghanaian city last month. million people.
The founders draw on prior experience building API products for local markets in the past. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. He left a year to Smile Identity, a San Fransisco-based identity API company. “Unlike the U.S.
He acknowledged that Nestcoin held assets, which the Financial Times pegs at $4 million, in the bankrupt crypto exchange platform FTX to manage operational expenses. Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings.
Take Nigeria, for instance, where the average banked customer has three to five bank accounts and w hile some people use bank applications or fintech platforms to make online transactions, others rely on USSD codes. The platform came out of beta last May. It was an API platform that allowed developers to build apps on USSD rails.
But from a purely geographical standpoint, five are based in Nigeria, one each are from Kenya and Ghana, and one, though Africa-focused, is Geneva-based. Globally, banking-as-a-service (BaaS) platforms, such as Unit and Treasury Prime, have helped newly launched businesses scale to thousands of customers.
Promises include : beU delivery says it offers a “great selection of local restaurants and door-to-door food delivery” that allows customers to have their favorite food from the “comfort of their homes or offices.” YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance.
Its portfolio startups from this period include Nigerian companies — Jobberman, a job listing site; Wakanow, a travel booking platform; car marketplace Cheki; IROKOtv, a video-on-demand platform for Nollywood content — and South African e-commerce platform Takealot.
The API-powered platform is using technology to disrupt a market that is largely dominated by traditional insurance companies, many of which are reluctant to abandon lengthy paperwork, and traditional payment modalities for both premiums and claims. FSD Africa expands insurtech accelerator program to Ghana and Nigeria.
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