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This YC Summer batch features the largest group of African startups yet

TechCrunch

As a result, it is not surprising that this is the largest cohort from Africa,” Y Combinator managing director and group arptner Michael Seibel told TechCrunch when asked if any extra factor contributed to the rise in accepted African startups. Africa has the lowest insurance penetrations globally. Union54 (Zambia).

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Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

TechCrunch

Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global. The round, which closed sometime in March, is Tiger Global’s second investment in the B2B e-commerce space after backing Wasoko in its mega Series B round. million seed round we covered.

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Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

TechCrunch

The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. This investment is AMEX Ventures’ first in an African startup. KlashaCart.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not have access to a bank account or mobile money. The quartet graduated from Russell Group universities and, alongside early joiners, have worked at Amazon, Meta, IBM, Uber, Goldman Sachs and Barclays.

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Enterprise escalator Impact Rooms rises to prepare African startups for growth and investment

TechCrunch

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. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).

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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

TechCrunch

African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.

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mPharma raises $35million in round participated by Tinder co-founder’s JAM fund, Bharti executive

TechCrunch

Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. A few months ago it acquired a 55% stake in Uganda’s Vine Pharmacy , which was previously held by the Abraaj Group. Other investors include Northstar, Social Capital, Novastar and TO Ventures.

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