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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. Tiger Global is earning its stripes in Africa.
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.
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.
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.
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.
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.
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.
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. Anglophone East Africa is home to over 400 million people, with half under 25.
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I And in turn, give the rest of the world access to African consumers on the ground who want and need these goods globally.”. KlashaCart.
It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year. This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Walsh.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. The investment from Visa came as one of the incentives for Bloom’s participation in the global card scheme’s Fintech Fast Track Program. This investment is coming after the startup’s undisclosed pre-seed round last year.
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.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.
In terms of active operational markets, though, the fintech is present in six African markets — Ghana, Tanzania, Kenya, Uganda, Zambia, Ivory Coast and South Asian country Pakistan. Presently, the fintech only states Cape Town, Nairobi, Porto and London as its primary operational and tech hubs.
Hunger is a global issue that affects everyone, everywhere. An estimated 811 million people are hungry globally. Supporting them is not only essential to the global community’s food supply, but also to the day-to-day well-being of the communities in which they work and live. Why Small-Scale Farmers? Dun-Ying Vicki Yu.
And importantly , this is the group that demonstrated their confidence and desire to really solve what is a global problem,” said the CEO. million users and over 300,000 homes and businesses use Zola products across multiple African countries — Ivory Coast, Ghana, Namibia, DRC, South Africa, Zambia and Nigeria.
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Other investors include Northstar, Social Capital, Novastar and TO Ventures. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.
Investors who participated in the round include Noemis Venture, Octerra Capital, Consonance Invest, XFactor ventures, 500 Global, Canaan Partners, and Andrew Lundsten (formerly of Stripe), who also serves as the startup’s advisor.
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. The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations.
We are primarily focused on expanding across Africa in 2022 and in other emerging markets globally,” Wowzi co-founder and CEO, Brian Mogeni, told TechCrunch. “We This goal is achievable for the startup, which has successfully conducted campaigns across multiple markets in Africa including Mauritius, Mozambique, Zambia and Cameroon. “We
Other existing investors include Silicon Valley backer Jim Breyer of Breyer Capital, Shravin Bharti Mittal of the Bharti Global Limited, Social Capital and Golden Palm Investments. Ghana, Nigeria, Kenya, Zambia, Malawi and Rwanda are the other markets the tech startup has operations in. s development finance institution, last year.
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. . These countries seldom embark on intervention projects alone or solely with Zenysis. based VC firm 500 Startups. .
Other existing investors include Silicon Valley backer Jim Breyer of Breyer Capital, Shravin Bharti Mittal of Bharti Global Limited-an Indian Conglomerate, Social Capital and Golden Palm Investments. mPharma also enjoys expertise backing from well experienced professions in the pharmaceutical industry.
He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. However, it’s an opportunity too good to ignore: China-Africa bilateral trade is one of the fastest-growing corridors globally, with a value topping $192 billion in 2019. .
Let me illustrate with an example I learned from Zambia: many medicines cannot be found in remote regions of Sub-Saharan Africa because of hard-to-solve bottlenecks in healthcare, such as poor infrastructure and logistics systems. The organization I studied in Zambia worked around them by piggybacking on Coca-Cola’s distribution channels.
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. Each year, complications from pregnancy & childbirth contribute to 295,000 maternal deaths and 2.4
in Ghana here and a story about the use of a wiki in Zambia by my colleague Saskia here. For development, there are blogs from agencies like bellanet or global s for a selection of blogposts from any country you are interested in. t have a habit of reading on the web. I blogged a discussion on web2.0 Your blog is almost a year old!
These global leaders are coming from the United Kingdom, Uganda, Florida, and DC. Lusaka, Zambia: Website Building and Designing Using WordPress for Nonprofits. Lusaka, Zambia: Social Media Surgery. More than 20 NetSquared-affiliated organizers will be at the conference — look for the people wearing NetSquared pins.
Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week. We are sitting on the precipice of a very busy few weeks, so let’s get right to work!
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. He ended up running for about 1,500 miles all the way to Zambia, arriving with nothing but the clothes on his back, about 90 pounds, and showing up at a refugee camp where he knew nobody.
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).
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. Nonprofit Neighbors Tech Club in Kansas City, Missouri. 501 Tech Club Austin in Austin, Texas. NetSquared Mississauga in Mississauga, Canada.
Global Head of the Tableau Foundation. But it is also evidence of a changing data culture within governments and evolving relationships with public and private funders of global health programs around the world. . “A Neal Myrick. Kristin Adderson. June 13, 2021 - 5:55pm. June 13, 2021.
The mix of positives such as a fast-growing population–the youngest globally–, solid smartphone penetration, increasing crypto adoption, and negatives like low GDP per capita across board and unemployment makes Africa the next ripe ground for web3.
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. Adanian Labs plans to help build 300 startups over the next five years. Image Credits: Adanian Labs. Africa-wide Growth.
Global Head of the Tableau Foundation. But it is also evidence of a changing data culture within governments and evolving relationships with public and private funders of global health programs around the world. . “A Neal Myrick. Kristin Adderson. June 13, 2021 - 5:55pm. June 13, 2021.
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