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FSD Africa is set to launch insurtech accelerator programs in Ghana and Nigeria next year to promote innovations that will drive the uptake of insurance in the two markets and beyond. We are planning to launch the BimaLab Insurtech Accelerator Program in Ghana and Nigeria.” funded Financial Sector Deepening (FSD) Africa.
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.
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. Today, the unified payments app is announcing that it has raised $32.8 million in an oversubscribed seed round. The Dash team. Image Credits: Dash.
In 2008, she asked for advice about raising money to go to Africa to help support the first community access television station opening in Ghana. And, this month, Sam is raising money to support a new documentary called Wisconsin Rising on the kickstarter platform. I invited her to share her experience in crowd funding.
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. Valiant Capital, Kepple Ventures and SUNU Capital. Valiant Capital, Kepple Ventures and SUNU Capital.
Fintech lender and private equity firm Cauris was the sole provider of the debt financing while the equity investors include Octerra, Wuri Ventures, Seed9, The MBA Fund, French development institution Proparco and ASCVC, a venture fund founded by executives of the supply chain visibility platform Project44.
M-KOPA’s financing platform has proved helpful to this set of users since launching as an energy provider in 2011. Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana. A 2019 World Bank report says 85% of Africans live on less than $5.50
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.
Fez Delivery , a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors. We have the technology and still own 30% of the assets on our platform.
“And putting those two things together, we’ve been able to create a platform tailored to the realities of today. 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.
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.
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.
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. (
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.
Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. In May, it expanded to the U.K.,
We aggregate that knowledge and provide one platform that ensures you don’t have to worry too much about trust,” the CEO added. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.
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.
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. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I
Sabi is an attempt at platforming the informal sector and African trade via various online and offline channels. But it provides visibility into these assets across the entire value chain from the demand and supply side and controls on a single platform. Nigeria’s Rensource raises $20M to power African markets by solar.
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.
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
The deal closed almost a year after Autochek bought Cheki Ghana and Cheki Nigeria to start its business. . Autochek’s platform operates a marketplace-driven model with a focus on financing and after-sales. Dealerships, banks and the end consumers (those who buy cars on the platform). for car sales and service platform.
It is this missing connection that Emtech , a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market. Emtech has now moved into production following the successful pilot in Ghana last year.
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.
Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 By March of 2022, five months after its first seed tranche, Dash’s total processing volume topped $1 billion and had acquired a million users from Ghana, Kenya and Nigeria, Boampong told TechCrunch in the March interview. Kinyua assumes the role of interim CEO.
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).
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.
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.
Other features on the platform include invoice advance, opening a business account, payment links, managing budgets and spend cards. With the latter, Float wants small businesses to use its platform to tap into their revenues instantly instead of using gateways, which take days to settle. “So
Lami is an insurance platform and API that enables more individuals and businesses to access insurance coverage. Jetstream allows businesses to export goods across borders and access trade financing in Nigeria and Ghana. Here are the startups in the 8th cohort.
Since leaving the university in 2014, he has co-founded several tech startups but made his mark globally with OMG Digital, a startup with offices in Ghana and Nigeria that wanted to become the “ BuzzFeed of Africa.” You can think of Float as a really well-built cash management platform. Ghansah is a serial entrepreneur.
The B2B e-commerce food distribution platform claims that over 100,000 customers use its services across Kenya while delivering more than 600 metric tons of product to 10,000+ retailers daily. . After that, Twiga will look at other markets — Cote d’Ivoire, DRC Congo, Ghana and Nigeria.
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.
Some gig platforms have tried to embed financial services into their systems, but they are limited. The company, which describes itself as a one-stop shop financial services platform, has closed a $3 million seed in debt and equity round. The gig platforms are primarily responsible for the former. ImaliPay is an example.
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.
in average transaction fees, digital senders like NALA pitch themselves to customers as platforms with the best rates and lowest prices. The platform allows payments from the U.K. to Tanzania, Kenya, Uganda, Rwanda and Ghana. Accel-backed mobile money platform NALA to start offering remittance services to East Africa.
An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. Both platforms are largely focused on addressing the unique challenges accompanying mobile money, while the others drive innovation around bank and card payments. How big is mobile money in Africa?
In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. Kenyan tech-enabled logistics platform Amitruck raises $4 million, embarks on Uganda, Tanzania expansion.
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.
Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation. The Nigerian startups included social commerce startup, Sendbox ; events startup, Festival Coins ; communications-as-a-service platform, Termii. The rest were unannounced.
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.
His career includes helping scale AZA (Bitpesa), a Nairobi-based platform that leverages bitcoin to facilitate cross-border remittances and where he first got introduced to crypto and blockchain technology. eBay launches its first collection of NFTs in partnership with web3 platform OneOf.
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, which refers to itself as a banking-as-a-service platform, says it uses AI to power financial services, particularly lending in emerging markets where over 1.7 According to the current number of eMoney subscribers on its platform with access to loans, JUMO says it has an opportunity to disburse $29 billion a year.
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