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South African payments startup Yoco raises $83M Series C backed by Dragoneer

TechCrunch

They are the backbone of most economies: Globally, SMEs represent about 90% of existing businesses and create more than 50% of employment. In South Africa, these businesses contribute around one-third of the country’s GDP. South Africa’s Yoco raises $16 million to boost digital services to small businesses.

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Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

TechCrunch

But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services. Beco Capital led the five-month-old startup’s seed round, while A15 and Global Ventures participated. “We In the CEO’s words, Sympl operates a save your money, pay later model rather than the normal buy now, pay later model.

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Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

TechCrunch

Other participating investors include 500 Global and MSAS. His time as an employee opened his eyes to the opportunity of helping offline stores retarget and retain their customers online while finding new ones to shop at their stores offline. “If Fergany also said Convertedin is eyeing South Africa and India too. “We

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TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa

TechCrunch

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. A large majority of small and medium-sized businesses in Nigeria and across Africa are offline. TradeDepot , a Nigeria- and U.S.-based

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

Financial Technology Partners, an investment banking firm focused exclusively on fintech, in a past review of the sector in Africa said that the continent, with its rapidly growing population, some of the fastest-growing economies and an underdeveloped financial services ecosystem, presents an attractive opportunity for fintechs.

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Nigerian restaurant management platform Orda gets $1.1M, wants to be the Toast of Africa

TechCrunch

The market, dominated by incumbents like Toast and upcoming players such as MarginEdge and Brazil’s Zak , has its value pegged at over $70 billion globally and is expected to reach $116 billion in the next four years. As with most technologies, Africa is playing catch up in this food-tech segment.

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African edtech startup uLesson raises $15M, backed by Nielsen Ventures and Tencent

TechCrunch

As many edtech companies benefited from the disruption of the pandemic, attracting wads of cash from investors globally, it did feel like African startups were left out. In August, uLesson introduced offline centers. Instead, he’s particularly excited about getting Tencent onboard as the tech giant’s first edtech investment in Africa.