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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. Tiger Global is earning its stripes in Africa.

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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. 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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Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

TechCrunch

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

TechCrunch

Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 San Francisco-based Global Founders Capital (GFC) led the round. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. million in pre-seed funding.

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Sun King raises $260M to widen clean energy access in Africa, Asia

TechCrunch

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year.

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

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. This represents nearly four-fold growth over a year ago when its portfolio raised $6 million (and just $3 million in 2018). Though, just eight of those companies got investments.

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Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

TechCrunch

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19.