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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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The first Zambian startup to get into YC is developing Africa’s first card-issuing API

TechCrunch

Zambia joins that list today, and its entrant, Union54 , is a worthy first entry. Zazu was launched in 2015 as a challenger bank in Zambia. More than 40 African startups from a handful of countries have gone through YC over the past decade. The startup claims to be Africa’s first card-issuing API and only just launched this year.

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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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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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Great reads from around the web on March 17th

Amy Sample Ward

Cause Global: Social Media for Social Change: Crowdsourcing Social Change – Marcia Stepanek has a terrific recap of our sxsw Crowdsourcing session with quotes and links to the case studies we shared. Her round up includes the slides we used in the session as well.

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