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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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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

“What this is telling us is that there’s very much real interest in the number of people who want to have debit cards and this is not going to stop anytime soon,” Mlambo said in an interview. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. ARC2022 is coming soon with plenty of announcements.

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YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

TechCrunch

Akinin launched a startup to offer digital mortgages but pivoted to a construction company with a presence in Namibia, Zambia and Cameroon. He would later make a series of visits to top African cities like Johannesburg, Lagos and Addis Ababa, but it was in Windhoek that he found the spark to try something new.

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Sudanese fintech Bloom nabs $6.5M, backed by Y Combinator, GFC and Visa

TechCrunch

One, aligning with Visa as a partner gives you a bunch of benefits, launching products faster, marketing support and product support; and two, in addition to the investment, Visa Fintech Fast Track enables you to access these incentives in a streamlined way,” CEO Ahmed Ismail told TechCrunch in an interview.

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Nigerian startup Klasha gets an additional $2.1M for its cross-border commerce play

TechCrunch

KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, South Africa and Kenya — and get paid in G20 currencies like dollars, pounds or euros. Klasha has a suite of business- and consumer-facing products connected via one API.

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mPharma raises $35million in round participated by Tinder co-founder’s JAM fund, Bharti executive

TechCrunch

During an interview with TechCrunch in October last year, Rockson said the startup was planning to have 100 virtual centers by the end of six months. Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services.

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

In an interview, Bill Lenihan , the CEO who joined in 2015, told TechCrunch that Zola Electric found over time that its singular product could not work for the entire market of customers it wanted to go after — from off- or on-grid to rural or urban and residential or commercial. The company has evolved since then. “More than 2.2

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