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. Most African startups’ bulk of VC money is from foreign investors, making it imperative for African startups to incorporate abroad, especially in the U.S. Image Credits: Raise.

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Candid

OCTOBER 22, 2024

Council members currently include representatives from El Salvador, Guatemala, Mexico, Canada, Kenya, and across the United States. As a movement, CCF raises awareness about the power dynamics and challenges created and perpetuated by current practices in the nonprofit sector. Time is valued equally as money.

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TechCrunch

MAY 24, 2021

The investment comes nine months after the company raised $500,000 in pre-seed last September and two months after receiving $125,000 from YC. Also, a long-overdue pan-African expansion to Ghana and Kenya is top priority. Mono is one of the three API fintech companies to have raised a seed investment this year.

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Nonprofit Tech for Good

DECEMBER 19, 2021

Mastercard is investing in startups that will further digitalize money, Visa now offers a card that earns Bitcoin Rewards , and Walmart is opening Bitcoin kiosks. Adidas recently sold out their inaugural Into the Metaverse NFT line and as far as we know none of the $23 million raised went to support a nonprofit. Cryptocurrency.

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TechCrunch

AUGUST 29, 2022

In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.

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TechCrunch

JANUARY 16, 2023

Kwara says the Kuscco deal comes at the right time in its plan to double down on Kenya. “We The new funding brings the total seed amount raised by the startup to $7 million. Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions.

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TechCrunch

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. According to him, starting pawaPay was to help people send and receive money internationally using mobile money. How big is mobile money in Africa?

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TechCrunch

MARCH 22, 2021

Sending money from the U.S. For remittance platforms like Western Union, it will cost a transfer fee and take between one to five business days for money sent from a U.S. Today, another YC-backed startup, Afriex — but from the Summer 2020 batch — is raising a $1.2 to Nigeria can be a painstaking process.

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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. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users. and the E.U., country, probably France.”.

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TechCrunch

FEBRUARY 13, 2023

The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. BuuPass raises $1.3M Others do not have provisions for seat reservation.

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. billion and $2.8 billion and $1.5

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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. We need to find a shortcut for people, whereby they will be able to make money and provide for their family and add value to the economy. The company (not to be confused with U.S.

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. I also remember taking money from loan sharks with ridiculous interest rates, sometimes as high as 20% a month, to meet payroll.

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TechCrunch

MARCH 19, 2021

“Many of these businesses we started engaging said they required tools to effectively communicate and verify customers because they were losing money at those points. But how does it make money? A notable example is Kenya’s Africa Talking. For us, we saw it was a bigger problem,” Emmanuel added.

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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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TechCrunch

APRIL 21, 2021

In total, Okra has raised $4.5 We want to make sure our hiring speed is the same as the speed of our growth and I think being able to raise capital is one of the solvers of that problem… making sure we’re bringing great talent and building a great team,” she added. . Pngme raised $3 million in February.

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Beneblog: Technology Meets Society

OCTOBER 25, 2008

we get to hear the story of a cell phone banking service that gives the poor effective banking services in Kenya when the country's banks have declined to serve them. And, Kenya is not the only country to discover this opportunity. You load up your phone with minutes with money. Don't bark at us.

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TechCrunch

MARCH 18, 2021

In February, London-listed telecom, Airtel Africa , said it was looking to sell a minority stake in its mobile money business in a bid to raise cash and sell off some assets. The investment will see the mobile money business — Airtel Mobile Commerce BV (AMC BV) — valued at $2.65

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TechCrunch

NOVEMBER 1, 2021

Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. in terms of sending money.” .

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TechCrunch

APRIL 13, 2022

In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. The news comes almost two years since the fintech raised a seed round of $2 million. The fintech has raised a total of $17.5 million to date. Umba has been in operation for about two years now.

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TechCrunch

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. The report says 36% of all-time funding reported by the health supply chain startups it profiled was raised in the last 12 months. So we wouldn’t expect them to be raising large sums just yet.

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TechCrunch

MAY 18, 2022

For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in Nigeria’s entertainment and tech scenes. This led him to start Bamba , a mobile-based enterprise software for African micro-merchants, that has raised $3.2

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Beth's Blog: How Nonprofits Can Use Social Media

OCTOBER 21, 2015

In 2010, I had an opportunity to do a Networked Nonprofit workshop in Kenya. Zawadi shared her most recent crowdfunding campaign, probably one of the most successful in Kenya, raising over $71,000 in a couple of days, to help a 24 year old brain cancer patient Emmanuel Otieno (pictured above and known as Jadudi) to get surgery in India.

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TechCrunch

MARCH 15, 2021

It is nearly impossible for businesses in some African countries to receive money from PayPal. According to CEO Olugbenga ‘GB’ Agboola , this will happen via a Flutterwave integration with PayPal so merchants can add PayPal as a payment option when receiving money outside the continent.

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TechCrunch

SEPTEMBER 22, 2021

While Delila Kidanu grew up in Nairobi, Kenya, mobile money platform M-Pesa was the go-to fintech platform for her and most Kenyans. The Safaricom-owned product provides basic access to financial services like sending and receiving money and purchasing airtime. The founders are banking that it will be different with Koa.

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TechCrunch

NOVEMBER 23, 2021

The Kenyan startup has over the last three years been offering a lifeline to traders in Kenya by enabling them to make mobile money transactions that are devoid of transfer charges through its Leja app. Asilimia team in Nairobi, Kenya. Image Credits: Asilimia.

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TechCrunch

DECEMBER 20, 2021

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. You need to have the utmost trust to take that money and send to someone else.”

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TechCrunch

NOVEMBER 10, 2021

million) at a pre-money valuation of £16.5 It’s now hit a pre-money valuation of £75 million after exceeding its £2 million crowdfunding target on the U.K.’s The money will be used for product development, growing its team and expanding in the U.S. In April, Ecologi closed a seed investment round of $5.75 million (£4.05

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TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa. Here are the startups in the 8th cohort.

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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

JANUARY 4, 2022

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of how much the startup scene has transformed over the last few years. Opportunities for growth.

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TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.

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TechCrunch

NOVEMBER 10, 2021

The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. That’s the grand mission of the company.”

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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. Organizations in Kenya are carefully vetted. Ali is the Founder of AVIF (ABLe Volunteers International Fund).

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TechCrunch

SEPTEMBER 30, 2022

The future of Kenya-based Sky.Garden — an Amazon-style marketplace for third-party merchants to sell electronics, home goods and more — is in the balance after the startup failed to close a round of financing, according to a memo the startup sent out to employees.

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TechCrunch

MAY 11, 2022

The company is targeting an initial launch in July this year in Kenya and Nigeria, the two countries it is headquartered in. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. Jambo raises $7.5M But M ARA wants to make an immediate influence.

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TechCrunch

AUGUST 17, 2021

Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Nigerian fintech Okra raises $3.5M Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa.

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