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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. ARC2022 is coming soon with plenty of announcements.
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.
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.
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.
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.
“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.”
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
Impact Rooms offers well-rounded solutions for startup problems, from ensuring that they are investor-ready and are matched with the right investors, to raising capital. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).
And as pressure mounts to find new crop land to support the growth, the world’s eyes are increasingly turning to the African continent as the next potential global bread basket. It’s these twin problems that Samir Ibrahim and his co-founder at SunCulture , Charlie Nichols, have spent the last eight years trying to solve.
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. . Stambolis’s reaction was triggered by the Ebola crisis in 2014. based VC firm 500 Startups. .
Governments were slowly waking up to the emergency, creating organizations like the Global Fund, one of the largest global health partnerships on the planet, but companies were still fast asleep. At that time, (RED) spoke at length about investments in global health systems, the importance of antiretroviral drugs, and so on.
million neonatal deaths , disproportionately impacting low income populations globally. With the right ML-powered mobile ultrasounds , providers such as midwives, nurses, and community health workers could have the potential to bring obstetric ultrasound to those most in need and catch problems before it’s too late.
After meeting her at the Global Engagement Summer last spring, I knew I wanted to grab her for an interview before she became too famous. We bring communities together to identify their top problems, needs, and priorities, and solve them internally. Kjerstin Erickson is one of those people "shiny" people who lights up a room.
Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Africa has the lowest insurance penetrations globally. Union54 (Zambia). Here’s the list of African startups that made it to YC S21 in alphabetical order. Amenli (Egypt).
Whatever your social media problem, we'll have a cure for what ails you this June. We're a global movement with chapters in 20 countries. NetSquared Zambia in Lusaka, Zambia. Newest Groups. Check out our newest groups: NetSquared St. Louis in St. Louis, Missouri. 501 Tech Club Austin in Austin, Texas.
The startup ecosystem was growing but I could not fail to notice the problem of accelerators. In a period of two years, Adanian Labs has grown beyond Kenya, by establishing a presence in Tanzania, Zambia, South Africa and Nigeria – some of the biggest startup and tech hubs in Africa. Image Credits: Adanian Labs. Africa-wide Growth.
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