TechCrunch

AUGUST 17, 2021

Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure play. The company is also describing itself as a machine learning-as-a-service platform. Right now, Pngme has three core products for clients in these three markets.

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TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. In Africa, one startup is carving a niche for itself. In Africa, one startup is carving a niche for itself. Germany and France might be at the top of the list.

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TechCrunch

DECEMBER 30, 2021

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. More experienced founders exist and specific markets, particularly in the Big Four (Nigeria, South Africa, Egypt and Kenya), show a mix of matured but still open-for-disruption traits.

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TechCrunch

OCTOBER 27, 2021

Union54 , the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. Its partners include African unicorn Flutterwave and newer companies such as Payday and Plumter (cross-border fintechs) and crypto exchange platform Bitmama.

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TechCrunch

FEBRUARY 13, 2022

Stitch’s provides solutions for e-commerce companies, marketplaces & platforms and its leading clientele, fintechs. Some customers include wallet-based companies such as Chipper Cash and Luno ; embedded finance providers like ImaliPay ; subscription platforms like FlexClub ; and payment aggregators like Yoco. Image Credits: Stitch.

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TechCrunch

JANUARY 28, 2021

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors.

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TechCrunch

NOVEMBER 1, 2021

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. 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.

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TechCrunch

MAY 5, 2022

They include executives and managers from fintechs such as Wave, Block, MercadoPago, Rappi, Flutterwave, Yoco, Visa, Plaid, Stripe and Coinbase — and e-commerce platforms like Jumia and Shopify. while the rest are spread across Africa, Latin America and Southeast Asia, markets where they deployed more than $6 million last year. .

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TechCrunch

JANUARY 17, 2023

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. million in pre-Series A funding.

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TechCrunch

MARCH 16, 2022

B2B retail and e-commerce platforms have primarily tried to fix these inefficient supply chains over the last couple of years and have received substantial investor backing since the pandemic. Still on competition and market play, MarketForce , an asset-light platform, is present in Kenya, Nigeria, Uganda, Tanzania and Rwanda.

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TechCrunch

JANUARY 17, 2022

While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. The company aims to serve as the “financial operating system” for Africa’s small and medium businesses. The seed round was a mix of $7 million equity and $10 million debt.

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TechCrunch

JANUARY 17, 2022

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. said the CTO in a statement.

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TechCrunch

APRIL 6, 2022

Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. Qureos says it’s creating new learning and work opportunities for millions of youth.

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TechCrunch

MARCH 15, 2021

That might be a thing of the past for some businesses as African payments company Flutterwave today is announcing a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. ” A PayPal spokesperson confirmed the Flutterwave collaboration with TechCrunch.

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TechCrunch

JUNE 10, 2021

There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. Globally, telehealth investments have skyrocketed and increased by more than 50% since the start of the pandemic.

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

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TechCrunch

MARCH 7, 2022

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. Africa has it different. Other investors in the round include Global Founders Capital and 4DX Ventures. It’s not a predominantly card continent. The Dash team. Image Credits: Dash. African tech took center stage in 2021.

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TechCrunch

FEBRUARY 24, 2021

Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. ” .

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TechCrunch

NOVEMBER 15, 2021

One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. The company has raised $3.4

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.

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TechCrunch

MAY 4, 2022

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.

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TechCrunch

DECEMBER 16, 2021

Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. Last year, fintech startups accounted for 25% of the VC funding which flowed into Africa, while startups from the Big Four received more than half of the continent’s total funding.

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TechCrunch

APRIL 29, 2021

It also has operations in South Africa, where it was originally founded. RapidSOS raises $85M for a big data platform aimed at emergency responders. “As we see it, the platform will evolve with customers’ needs. Startups are transforming global trade in the COVID-19 era.

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TechCrunch

JANUARY 28, 2022

“We are having to find ways to really attract as many drivers as we can… like make their earnings potential as good as possible so that we can bring people (drivers) onto our platform…to solve this issue around access to cars.”. Paddy Partridge, Africa regional director, Bolt Ride Hailing. Image Credits: Bolt.

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TechCrunch

JUNE 22, 2022

His roles involved representing Australia in international negotiations on global health and humanitarian affairs and as an advisor to the UN secretary general on global health and pandemic preparedness. . But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome.

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TechCrunch

DECEMBER 8, 2021

The trained lawyer did all this while running the Africa Payments Club, a platform that brought together a pool of founders, experts and investors in the tech space to connect and address common business challenges as well as to scout for opportunities in Africa.

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TechCrunch

JANUARY 19, 2022

The South Africa-based company, which currently has a team of 37 people across 18 countries, wants to use this additional capital to scale interactive content across Africa. The company’s online marketplace is noticing even faster growth, said Robbin-Coker, especially among users in South Africa and Nigeria.

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The Next Web

OCTOBER 15, 2012

Our Winner in Rio Crossfy bridges the gap between old and new media by creating a cross platform interactivity – we saw the app in action and it could have easily come out of a Silicon Valley accelerator like YCobinator or 500 Startups. Startups are aiming for a global, not local market.

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. So far, JUMO has served loans worth over $3.5

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TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. The local investors involved are all founders.

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TechCrunch

DECEMBER 9, 2021

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. The platform is an evolution of customers’ checkout experience. It plans to reach 1,000 stores by mid next year.

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TechCrunch

APRIL 26, 2023

Within the last 18 months, the four-year-old startup worked on analyzing fraud data from global money networks, verification of mobile money financial statements and blocklist data from various banks and fintechs within the last 18 months. We want to add that depth in more markets, and Appruve gives some of that.”

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TechCrunch

FEBRUARY 15, 2022

The startup’s platform lets developers turn their apps into super apps, either by building their own mini-apps or accessing them through Appboxo Showroom, a marketplace for third-party developers. Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global.

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TechCrunch

JUNE 7, 2022

The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I Klasha makes revenue via sales commissions and subscriptions merchants pay to use the platform for analytics. The platform will go live in Kenya in the next couple of months, said Anuna.

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TechCrunch

JANUARY 12, 2022

The company says its new funding will further strengthen its position as “Africa’s leading cloud HR and payroll platform.” He also hinted at the possibility of SeamlessHR scaling beyond Africa into other global markets, referencing the recent strides made by India’s Freshworks. “We

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TechCrunch

DECEMBER 9, 2021

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. million questions answered on the platform. Well, not anymore: Two-year-old startup uLesson announced today that it closed a $15 million Series B round.

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TechCrunch

AUGUST 9, 2022

Other participating investors include 500 Global and MSAS. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform. This was the main idea at this time as we saw a huge problem where there was no analytics platform for the offline store or a retargeting mechanism.”.

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