TechCrunch

AUGUST 23, 2021

Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 Stabus, on the other hand , commenced operations in Ghana a month after Plentywaka’s launch. Then in April this year, Kpotufe, intrigued by the pace at which Plentywaka was scaling, asked Akumah if his company had plans to scale to Ghana.

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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

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

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. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .

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TechCrunch

APRIL 12, 2021

Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Four years later, it raised $2.5 But overall , the company says it has raised $15 million in equity funding. African payments company Flutterwave raises $170M, now valued at over $1B.

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TechCrunch

JANUARY 25, 2021

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. million farmers.

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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.

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TechCrunch

FEBRUARY 8, 2022

But similarly to years past, the total amount raised by African startups varies among different reports. We first emphasized this issue in a 2019 piece: Did African startups raise $496M, $1B or $2B in 2019? How many deals and how much did African startups raise? Briter Bridges : African startups raised $4.9 billion to $1.5

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TechCrunch

MARCH 22, 2021

Today, another YC-backed startup, Afriex — but from the Summer 2020 batch — is raising a $1.2 But having started operations in Ghana, Kenya and Uganda, Afriex claims to be processing millions of dollars each month. Just yesterday, we talked about Flux , a Nigerian fintech solving this problem in the present YC W2021 batch.

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TechCrunch

MAY 30, 2022

Ayoken, an NFT marketplace for creatives, has raised $1.4 MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy. million pre-seed funding to enable users grow their revenue streams through digital collectibles.

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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

SEPTEMBER 21, 2022

Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. To bolster its efforts, it has also raised $1.6 That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I

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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. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.

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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

FEBRUARY 3, 2022

Africa-focused payments startup PalmPay raised a $100 million Series A round last year. Since its Nigerian launch in 2019, PalmPay has expanded to Ghana, serving over 5 million users, per information on its website. That’s why it made the push into Ghana. PalmPay launches in Nigeria on $40M round led by China’s Transsion.

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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

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. The report says 36% of all-time funding reported by the health supply chain startups it profiled was raised in the last 12 months. So we wouldn’t expect them to be raising large sums just yet.

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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. The seed round was a mix of $7 million equity and $10 million debt.

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TechCrunch

SEPTEMBER 28, 2022

Numida plans to extend loans to an additional 10,000 businesses, to hit its 40,000 target, within the next 18 months, a goal that will be brought closer by its entry into two new African markets (selected from Ghana, Nigeria, Egypt, or Kenya). Since raising its seed funding last year, Numida has grown over 7.5

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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. Since the company’s Series A raise of $2.5 From 2016 to 2017, Ozow raised a combined $1.2 Ozow is one such player. million from backers such as Kalon Ventures.

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TechCrunch

NOVEMBER 22, 2022

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.

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TechCrunch

JUNE 30, 2021

Drone delivery startup Zipline, a company that got its start delivering medical supplies across Africa, has raised $250 million in new funding. Zipline made a name for itself first in Rwanda and then in Ghana, where it delivered blood, vaccines, life-saving medications and other essential supplies using autonomous electric drones.

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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

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. 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.

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TechCrunch

AUGUST 26, 2021

The company claims to be handling over 10 million transactions on its rails per week, with beta operations in 10 African countries — Cameroon, DRC, Ghana, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia. Last year, West Africa recorded 198 million mobile money accounts compared to East Africa’s 293 million.

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TechCrunch

AUGUST 5, 2022

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). Persistent Energy raises $10M to grow its clean-tech venture building business in Africa. Bim Adisa (CEO).

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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. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users.

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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. Earnipay founder and CEO Nonso Onwuzulike tried this while running Reaval, a Ghana-based recycling business he started on the side in 2019.

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TechCrunch

FEBRUARY 14, 2023

In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. The distribution business is essentially its embedded insurance product Grow.

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Beth's Blog: How Nonprofits Can Use Social Media

JANUARY 13, 2012

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. At that time she made and raised $2,000 using Chipin, using the case study I had documented where I raised money to send a young Cambodian women to college. January 21.

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TechCrunch

SEPTEMBER 10, 2022

In the latest development, one such company, Bitmama , has raised a pre-seed extension of $1.65 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.

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

FEBRUARY 16, 2023

Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 Before raising over $30 million, Dash initially wanted to raise a quarter of that money, about $8 million, as its seed round. Ghanaian fintech Dash raises $32.8M Kinyua assumes the role of interim CEO.

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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. AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round.

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TechCrunch

MARCH 2, 2022

Emtech has now moved into production following the successful pilot in Ghana last year. Emtech’s collaboration came shortly after Ghana established a fintech and innovation office in May 2020, as the regulator sought to “understand and supervise [the sector] effectively”.

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TechCrunch

FEBRUARY 10, 2023

Jendaya , a one-year-old startup that acts as a gateway for global luxury brands to the African continent and for consumers in the rest of the world to discover African brands, is coming out stealth, having raised £1 million (~$1.2 Nigeria, Ghana, and the U.S., Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M

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