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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

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. ARC2022 is coming soon with plenty of announcements.

Issue 137
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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

Union54 , the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. While working on the problem, they identified the skewed incentives when interacting with card issuers. And they launched Union54 not only to solve that problem for themselves but other fintechs.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

San Francisco-based Global Founders Capital (GFC) led the round. Like many API-led fintechs, card-issuing API (pioneered by the likes of Rapyd, Ayden and even Stripe globally) is increasingly getting attention from investors who think it’s the next big thing in a sector that has attracted the most VC dollars in Africa.

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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 problem that we think is most pervasive is consumers’ inability to protect the value of their wealth.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Michael Seibel , the CEO of Y Combinator, is a global advisor and an investor in the firm, and so is Andy Volk , the head of ecosystem for Google Sub-Saharan Africa. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation.

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How Leaders Use Four Workarounds To Tackle Complex Problems

Eric Jacobsen Blog

“Workarounds are effective, versatile, and accessible methods for tackling complex problems,” shares the author of the new book, The Four Workarounds. They are a creative, flexible, imperfection-loving, problem-solving approach. A method that ignores or even challenges conventions on how, and by whom a problem is meant to be solved.”

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

We needed an energy ladder and a series of products that were all connected in some ways but solve different problems for these 2.2 ” Zola has now become a technology company whose products can solve energy access problems in almost any market, the company said in a statement. billion people,” he said. ” More than 1.5

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