TechCrunch

OCTOBER 13, 2022

Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. We were impressed by MoKo’s climate friendly local production capabilities.

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5 Joseph Rehmann founded Victory Farms in 2015.

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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. and Kenya, currently has nine partners; however, the CEO declined to mention their names.

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TechCrunch

AUGUST 6, 2021

As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.

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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

FEBRUARY 9, 2022

Kenya-based EV startup BasiGo has closed $4.3 million includes $930,000 raised during the pre-seed round late last year. “We BasiGo is set to begin the pilot program next month to join Swedish-Kenyan EV startup Opibus, whose inaugural locally manufactured electric bus hit Kenya’s roads three weeks ago.

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TechCrunch

JANUARY 18, 2022

Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September.

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Africa South Africa Nigeria Raise 104

TechCrunch

DECEMBER 30, 2021

But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. 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

JUNE 16, 2021

When Reetch first came to Kenya from France in November 2020, it wasn’t easy to get affordable ready-to-eat meals. “After three days of coming into Kenya, I asked where I can get great food at a cheap price, and everybody tell me it’s impossible,” he told TechCrunch.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. It’s a one-year program where students take classes for nine months (three semesters) followed by a three-month internship at local tech companies to gain experience.

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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 27, 2022

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U.,

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TechCrunch

MAY 17, 2023

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.

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Business Marketing Raise Kenya 106

TechCrunch

DECEMBER 12, 2022

Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like IKEA. Taeillo , a Lagos-based startup innovating around these issues relating to time, quality and cost via its online furniture e-commerce store, has raised $2.5 Made.com raises another $56 million.

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Fund Online Platform Raise 115

TechCrunch

MARCH 19, 2021

With this new fundraising, the company plans to tap into the wealth of experience from some of its new investors like Oviosu and Serunjogi who have also taken local companies into expansion phases. A notable example is Kenya’s Africa Talking. Nigerian founders-turned-investors are now running syndicate funds. .”

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TechCrunch

SEPTEMBER 27, 2022

The new funding brings the total amount raised in the round to $14.4 Farmerline said it is planning on strengthening its supply chain for agribusinesses to reduce the cost of farming and increase yield for farmers on the continent through the deployment of AI technology and local infrastructure. “As million , including $6.4

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TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.

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Fund Africa Ghana Raise 97

TechCrunch

JANUARY 19, 2022

The first electric bus by Swedish-Kenyan EV startup, Opibus , has hit Kenya’s roads marking the beginning of the company’s venture into the mass transit industry. Opibus first announced plans to roll out electric public transport buses last year when it raised $7.5 million in a pre-Series A round. Image Credits: Opibus.

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TechCrunch

MAY 11, 2022

But despite the proliferation of local and foreign crypto exchanges and the introduction of novel models by up-and-coming web3 platforms, some observers believe there are still notable barriers to using crypto in Africa. “We To that end, the local knowledge and specialized skills of the MARA team is quite promising.”

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TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. But even with these additional features tailored to a Nigerian audience, Mono is going after other markets like Ghana and Kenya, first mentioned by the CEO in May.

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TechCrunch

AUGUST 26, 2021

PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. While East Africa (buoyed by Kenya’s M-Pesa) has largely been the critical market for mobile money, West Africa is catching up nicely. .” Image Credits: PawaPay.

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TechCrunch

SEPTEMBER 21, 2022

Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. While local retail apps such as Bamboo and Chaka offer U.S. To bolster its efforts, it has also raised $1.6 Nigeria is a silo, same with Ghana, Kenya and South Africa etc.

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Beth's Blog: How Nonprofits Can Use Social Media

OCTOBER 31, 2006

She caught my attention because she founded an organization that works with orphaned and disabled children in Kenya. Having friends in Kenya, she came up with the idea to provide summer schools in Kenya. " The organization works directly with local ngos and volunteers matching them by interest, need, and skills.

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TechCrunch

NOVEMBER 2, 2021

Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel buses. . The company is planning to enter other markets within the East Africa region after establishing ground in Kenya.

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TechCrunch

FEBRUARY 14, 2023

According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.

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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. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages.

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TechCrunch

DECEMBER 5, 2021

The startup has today announced entry of RejaReja, the B2B retail marketplace, into Ethiopia, Ghana, Tanzania, Rwanda and Uganda, after successful pilot programs, coming about two months after it grew beyond Kenya by launching in Nigeria. In November we hit 100,000 merchants in Kenya and Nigeria and this number is growing quite rapidly.

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TechCrunch

MAY 31, 2022

This product, it says, will open up businesses to the largest pool of localized payment options in Africa. Talk360’s partnerships with agents like PesaPoint in Kenya and Flash in South Africa, also enables users to purchase airtime vouchers from a network of over 750,000 physical points of sale.

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TechCrunch

FEBRUARY 24, 2021

This makes it the largest round raised by any API fintech startup in Africa at the moment. The founders draw on prior experience building API products for local markets in the past. They have raised sizeable rounds with enviable backings as well. He left a year to Smile Identity, a San Fransisco-based identity API company.

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Africa API South Africa Kenya 117

TechCrunch

DECEMBER 4, 2022

Kapu , a social commerce startup, coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with the sky-rocketing food prices. The startup is now expanding its network of local agents that consumers can place orders with.

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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. And so, what we are building is inspired by real experiences,” said Kiptum.

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TechCrunch

AUGUST 16, 2022

Lori Systems , an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Lori has raised a total of $38.2 Image Credits: Lori Systems.

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Africa Fund System Companies 98

TechCrunch

DECEMBER 15, 2022

Kenya-based MyHealth Africa , an integrated healthcare platform changing how people access medical services, by connecting patients with local and international health specialists and hospitals, is growing its reach in Africa, and plans to further expand in Middle East and South Asia next year.

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TechCrunch

SEPTEMBER 13, 2021

Today, Cairo-based B2B e-commerce startup Capiter continues that trend by raising a $33 million Series A round. Capiter partners with local banks in Egypt and the Central Bank to perform this. The investment was co-led by Quona Capital and MSA Capital. “We’re able to get the data from the products they buy.

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Egypt Platform Raise Africa 102

TechCrunch

AUGUST 30, 2022

Pezesha is tapping local and international banking institutions, HNWIs and DeFi for additional liquidity for onward lending. Pezesha plans to create a $100 million financing opportunity each year for businesses by tapping local and international banking institutions, high-net-worth individuals and decentralized finance. “We

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TechCrunch

DECEMBER 20, 2021

The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year). At a time when the global economy has been under pressure, Taptap Send saw business grow eight-fold, the company said.

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TechCrunch

MAY 15, 2022

Kenya’s Twiga raises $50M to scale food solutions across Africa. This has led to decreasing productivity of local farming, which has impacted both quality and pricing in the market,” said Njonjo who founded the company with ex-CEO Grant Brooke. TopUp Mama looking to solve sourcing challenges for restaurants.

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