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. African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. It wasn’t a bad year, though. billion and $2.8

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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 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. “And

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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. Tiger Global declined to comment on the investment. Tiger Global had invested in Nigerian startups Jobberman, Cheki and Wakanow, and South African e-commerce company Takealot this past decade.

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TechCrunch

MAY 25, 2022

Now, the last-mile distribution e-commerce company has received more investment: a $15 million Series A led by Tiger Global. The round, which closed sometime in March, is Tiger Global’s second investment in the B2B e-commerce space after backing Wasoko in its mega Series B round. million seed round we covered.

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TechCrunch

FEBRUARY 23, 2021

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. This time, a startup from Africa has joined the party. TymeBank , a South African digital bank, announced today that it has secured an R1.6 “The establishments of digital banks in South Africa is in its infancy.

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TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. In total, Stitch has raised $27 million to date. Tiger Global backs African fintech Mono in $15M Series A round. Image Credits: Stitch.

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TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. It’s one of the few companies offering such services, including Firstbase.

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TechCrunch

JANUARY 12, 2022

SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion.

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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

AUGUST 17, 2021

Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. Nigerian fintech Okra raises $3.5M

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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

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. . The company has raised $3.4 Kassim said the company is conducting tests with merchants in Nigeria and South Africa and expects to launch both markets in the near future. .

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TechCrunch

MAY 5, 2022

.” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. That’s one way we position ourselves.”

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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. El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards.

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TechCrunch

NOVEMBER 3, 2022

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.

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TechCrunch

FEBRUARY 15, 2022

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 South Africa, and powers more than 400 mini-app integrations, the majority of which are built by third-party developers.

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TechCrunch

FEBRUARY 24, 2021

Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment. Africa’s financial infrastructure space is heating up.

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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

JANUARY 25, 2022

InstaDeep , a Tunis and London-based enterprise AI startup that creates decision-making systems for solving real-world problems, has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB. InstaDeep has established itself as a global company using AI to solve complex problems with significant monetary value.

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TechCrunch

NOVEMBER 23, 2021

And the attention on these companies, particularly from venture capitalists, spiralled into this year, with each significant player raising large seed to Series A rounds. OnePipe , a fintech API company with a different play from the lot, joins the list today, raising $3.5 African startups join global funding boom as fintech shines.

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TechCrunch

DECEMBER 16, 2021

Collectively , they have raised over $100 million in venture capital. Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. This vital industry is the lifeblood of Africa’s cities and powers economic development.

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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.

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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. African payments company Flutterwave raises $170M, now valued at over $1B.

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TechCrunch

JUNE 29, 2022

Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. So, we thought this was a much-needed space, not only for kids in Africa but globally. The company raised $2.5

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TechCrunch

MARCH 16, 2022

You can count on one hand the number of funds bigger than Tiger Global. Last year, the New York-based firm, known for its famous bets on Stripe, JD.com, Meituan and Roblox, raised $6.7 Its lead investment in Flutterwave, which valued the fintech at $1 billion in March 2021, was a return from a long hiatus in investing in Africa.

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TechCrunch

JUNE 10, 2021

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. ” Sub-Saharan Africa has a healthcare market of about $90 billion.

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TechCrunch

MARCH 29, 2022

Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised. We are excited to partner with the Churpy team as the first mover in the market.

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TechCrunch

DECEMBER 6, 2021

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. The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC).

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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. The investment, which comes 11 months after uLesson raised a $7.5 Nigeria remains uLesson’s largest market by far, said Shagaya.

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TechCrunch

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, 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.

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TechCrunch

AUGUST 9, 2022

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Other participating investors include 500 Global and MSAS. Fergany also said Convertedin is eyeing South Africa and India too. “We

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TechCrunch

DECEMBER 8, 2021

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. We want to encourage a high percentage of capital into regions outside the four main markets (South Africa, Kenya, Egypt and Nigeria) as much as we can.

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TechCrunch

JUNE 9, 2022

It raised $850,000 seed in October 2020. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. While there are various jobs in every facet of life, tech jobs are currently in high demand in the global economy these days.

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TechCrunch

NOVEMBER 29, 2022

The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Others include expanding its network of restaurants and continuing its pan-African expansion drive (into South Africa and much later, Ivory Coast). million seed investment.

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