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Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Tiger Global is earning its stripes in Africa.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down.
As collection and processing of e-waste and discarded electronics in Africa reaches worrisome proportions, industry leaders and policymakers from all over the world are meeting in Cape Town, SouthAfrica on June 7, 2013. Africa now has more mobile phone users than either the U.S. or European Union or Latin America.
South African-founded startup WhereIsMyTransport is one such company filling that gap for now. million Series A extension to continue its expansion across emerging markets; the company already has a presence in SouthAfrica and Mexico. Today, i t is announcing a $14.5 According to Naspers, the size of its check was $3 million.
Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r r Internationale Zusammenarbeit (GIZ) will train managers of leading accelerators in Africa over the next two years, to help them establish sustainable business models that commandeer greater influence in their ecosystems.
Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, SouthAfrica and Kenya. In May, it expanded to the U.K.,
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. “When these companies evolve to go global, we still count them as African companies.” million; SouthAfrica, third at $142.5
In the hallways, you’re as likely to run into the head of an international NGO, as CEO of a Fortune 100 company, as a renowned professor as the foreign minister of a major country. In the morning, I attended a session put on by the Young Global Leaders with six interesting proposals. Each hour there’s something memorable.
The process used by millions of agents and thousands of property portals globally to reach buyers and sellers on digital channels is highly fragmented. South African startup Flow wants to change how real estate agencies, developers and agents interact with their end customers.
An asteroid 12 to 16 miles wide hit the planet more than 2 billion years ago, in what is now Vredefort, SouthAfrica, while another 6 to 10 miles wide hit what is now Sudbury, Ontario 1.85 billion years ago. Very bad stuff. But were not helpless anymore.
The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Startups are aiming for a global, not local market. It was surprising many startups are aiming for a global, not local market.
Here's a glimpse of what's happening internationally around TechSoup Global: Connecting Up Australia. NGO Pulse (SouthAfrica). Learn how a nonprofit in SouthAfrica, the Papillon Foundation , helps unemployed people learn new skills and find jobs. GuideStar International. Image: gabindu.
On the other hand, Appruve, which provides an API that verifies user identity, fraud detection and digital documentation, primarily focuses on new datasets that enable or complement traditional government data such as international passports and national IDs. We want to add that depth in more markets, and Appruve gives some of that.”
The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. Image Credits: Crunchbase/Endeavor.
For one thing, by the first half of 2022, A frica seemed to defy the global venture funding decline after its startups raised $3 billion, double the amount secured over a similar period the previous year; therefore, a twofold increase by December seemed plausible. There was reason to believe so. Kenya is a close second with $1.1
“This is the largest batch we have ever funded and it’s about 50% international. 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.
Paddy Partridge, Africa regional director, Bolt Ride Hailing. Partridge said that Bolt already has vehicle-financing partnerships with banks in markets like Kenya, Nigeria and SouthAfrica, and its planning to form additional collaborations, and explore the expansion of the current ones to reach more markets and drivers.
Other international keynotes included colleagues Simon Mainwaring and Peter Sims (more about their ideas coming later this week in blogs posts, so stay tuned.) They were joined by celebrities like actress and Girl Up Champion Monique Coleman, global leader Ambassador Melanne Verveer , and more than 100 young women from across the country.
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.
Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global. The company is now used by 10 super apps across Southeast Asia, India and SouthAfrica, and powers more than 400 mini-app integrations, the majority of which are built by third-party developers.
Earlier this week, Alex Wilhelm and Anna Heim took a look at global venture capital , finding that later-stage investments are declining. Didi puts SouthAfrica in its rearview mirror : Chinese ride-hailing giant Didi Chixung is sticking out its thumb and grabbing a ride out of SouthAfrica today.
They join existing investors (Y Combinator, Rocket Internet, Global Founders Capital, Plug n Play, Orange Ventures, Harvard University Management Company, Village Capital and P1 Ventures) who invested in Chari’s $5 million seed round last October at $70 million.
CEO Ham Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, SouthAfrica and Kenya. Economic headwinds have hit the global fintech space hard.
Within this timeline, he interned at several companies in Palo Alto, California. The startup hopes that the Series A funding will drive its presence in 12 countries, including SouthAfrica, Kenya, Ghana and Saudi Arabia. In Africa, a few of them include unicorn Andela , AltSchool , Gebeya, Decagon , Semicolon and others.
The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC). TradeDepot is active across 12 cities in Nigeria, Ghana and SouthAfrica (Accra, Johannesburg and ten cities in Nigeria).
This week, several TechSoup Global staffers are participating in Foundation Week in Brussels. This post comes from GuideStar International chair Buzz Schmidt. Originally publised on the GuideStar International Blog. read more.
This latest one spotlights the many great interns, associates and fellows that are or were working for Benetech over this summer and into this year. As an intern, Kristian has spent her summer doing what she loves: statistical analysis. She also loves the fact that Benetech is based in California’s naturally beautiful Bay Area.
When companies create digital payments-facing solutions for African countries outside Nigeria and SouthAfrica, building around mobile money is key. African startups join global funding boom as fintech shines. This alternative financial infrastructure is one of the largest globally. It’s literally a no-brainer.
It has secured a first close led by International Finance Corporation (IFC) with participation from the Women’s Finance Initiative (WeFi). The firm has a presence in Kenya, South African and Tanzania, but its core markets remain Kenya, Nigeria, and SouthAfrica.
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 that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users. and the E.U., country, probably France.”.
VertoFX , a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. As trade and supply chains become increasingly global, international payments remain a complicated and expensive proposition.
” The initial markets will be in Mexico, Costa Rica, Peru, SouthAfrica, Kenya, Uganda and Vietnam, where Apeel’s tech will treat avocados, pineapples, asparagus and citrus fruits like lemons, limes and oranges. Preventing food waste nets Apeel $250 million from Singapore’s government, Oprah and Katy Perry.
The oversubscribed round also included participation from SBI Investment (a subsidiary of SBI Holdings), Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, MetaPlanet Holdings, AppWorks, BlackMarble, New Economy Ventures and Seraph Group. Regulating crypto is essential to ensuring its global legitimacy.
Hunger is a global issue that affects everyone, everywhere. An estimated 811 million people are hungry globally. Supporting them is not only essential to the global community’s food supply, but also to the day-to-day well-being of the communities in which they work and live. Why Small-Scale Farmers?
AgriWebb claims more than 16,000 farmers and ranchers globally are using its cloud-based platform and managing approximately 19 million animals on over 136 million acres of grazing land across the globe, including Australia, the U.S. Additionally, AgriWebb has partnerships in Brazil and SouthAfrica, Webb said. and the U.K.
Note: This article will focus on international development from my perspective working in an African country, although the questions raised are pertinent to any “developed” country or continent’s relationship to a “developing” region. African ideas and solutions were very much a part of our role in the international development sector.
Join Engaging Network’s Ghazal Vaghedi, Humane Society International’s Elise Ledsinger, and Care2’s own Eric Rardin for a deep dive into tactics that you can use today to quickly improve results from your email fundraising appeals: "10 Ways to SUPERCHARGE Your Online Fundraising Campaigns" -- Tuesday, July 31st at 2PM EDT.
Those interested in domestic health, global health, population issues, or international development would do well to join an online conversation series hosted by the Population Reference Bureau. Tags: Global Health. Consider the topic for tomorrow, 1/22, at 1:00 EST: " Birth Defects: A Hidden Toll for Developing Countries."
Global Fund For Children. International Paper Foundation. Their grantmaking aims to ensure that American public education prepares all students with the knowledge, skills, and dispositions they need to fully participate in democracy and thrive in the global economy. Global Fund For Children. Funding Priority: Education.
The city used to be known for Chinese olives and white tea but is now the scene of 200,000 JETOUR cars rolling off the assembly lines each year, to be shipped around the world from Peru to SouthAfrica.
The Digital Media and Learning Conference is meant to be an inclusive, international and annual gathering of scholars and practitioners in the field, focused on fostering interdisciplinary and participatory dialogue and linking theory, empirical study, policy, and practice. International Fundraising Conference - IFC 2016. SouthAfrica.
Having project managed TechSoup Global's 2012 Global Cloud Computing Survey , I can heartily agree with that. TechSoup Global conducted a huge global cloud survey of NGOs in over 80 countries in March of 2012 and released the results in September. We gathered so much data! Now what to do with it. Very heartening.
Laureus is a global movement whose purpose is to change the world through the power of sport. In the UK and SouthAfrica, we support innovative programs using surfing to increase confidence and reduce anxiety among youth. Sport, play, and physical exercise help these children overcome some of the stresses they carry with them.
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