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Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria

TechCrunch

Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services. Sabi is an attempt at platforming the informal sector and African trade via various online and offline channels.

Nigeria 84
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Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

TechCrunch

Its business model revolved around providing a support vessel booking platform that matched vessel chartering requests made by operators with available Offshore Support Vessels (OSVs). . What followed was the launch of MVXtransit, a digital freight booking platform, helping cargo owners find deals on moving containers across Nigeria.

Africa 99
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African healthtech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative

TechCrunch

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. One way Adeseun reckons that might happen is if B2B e-commerce platforms in retail take an interest in pharmaceutical and health-based products.

Ghana 114
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Jendaya raises funding to scale its Africa-focused luxury e-commerce platform

TechCrunch

Fashion items are among the most — if not the most — sought after on many e-commerce platforms. While general e-commerce activities between African shoppers and global brands have occurred informally via long-held relationships, several platforms have used tech to centralize these processes across various shopping brackets.

Africa 95
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PalmPay raised $100M Series A last August, claims to have 5 million users

TechCrunch

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. It provides merchants via its PalmPartner app with online payment and offline POS acquiring services and plans to introduce digital marketing services soon.

Ghana 87
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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. 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.,

Africa 98
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Nigeria’s ThankUCash secures $5.3M to build infrastructure for cashback, deals and BNPL services

TechCrunch

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.

Service 96