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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. There’s still so much room to better serve millions of families in Kenya.
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. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .
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.,
Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 We’ve built an extensive distribution channel covering almost half of the high schools in Kenya, and that means we have an opportunity to solve other tech needs that schools have,” said Nyangolo. “We
The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 With limited access to technology, these restaurants typically resort to using offline methods, including pen and paper, for things like manual reconciliation and inventory management. “Our
Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. Though white and raised in Italy, Bisignani travelled widely in Africa when she was young. The company raised $2.5
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.
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. Social commerce platform Tushop set for Kenya growth after raising $3 million pre-seed funding.
ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 It opens up the world for us to do all kinds of really amazing things we’ve wanted to do in the world of edtech that you can’t do in a strictly offline sense,” the founder added.
Stax , a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 And so what we’re doing is building for them, because despite having a smartphone, they want to be offline. Nigeria and Kenya. million seed extension round. Enter Stax.
Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.
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. They operate online-only or hybrid models (a combination of offline and online settings). This brings GOMYCODE’s total financing to $8.85
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.
The investment, which comes 11 months after uLesson raised a $7.5 The company uses 180 field sales agents to onboard schools and individual users across Nigeria, Uganda, Kenya and Ghana , the countries receiving the most marketing attention from uLesson. In August, uLesson introduced offline centers. million Series A.
The startup has expanded beyond Nigeria and claims that merchants from the West African country, as well as Kenya, South Africa, Ghana and Rwanda, can use its platform to move freight in and out of their countries. For instance, Ghana’s Jetstream offers a similar service and raised $3 million two months ago.
The company plans to use the investment to expand within its home market Nigeria — where it operates in Lagos, Port Harcourt and Abuja — and outside to Ghana and Kenya. The 45-man team has hired Aaron Tindiseega to lead its expansion into Kenya and the eastern Africa region.
In 2017, Cars45 raised $5 million from Frontier Car Group (FCG) , the Berlin-based company that builds used-car marketplaces focusing on emerging markets. In 2019, the Naspers-owned online marketplace sold its assets in Nigeria, Ghana, Kenya, Tanzania and Uganda to the seven-year-old classifieds player.
While Delila Kidanu grew up in Nairobi, Kenya, mobile money platform M-Pesa was the go-to fintech platform for her and most Kenyans. Apart from being offline models, savings with microfinance banks, cooperatives and informal saving groups have manual, expensive and opaque processes. Image Credits: Koa.
While big restaurants and restaurant chains are often capable of setting their management systems or using well-known point-of-sale providers, thousands of smaller restaurants in Africa rely on offline methods such as pen and paper to produce receipts and make reconciliations. Currently , Orda charges restaurants between $5 (~?2,500)
Kenyan consumer experience platform for businesses in Africa, Ajua today announced that it has acquired WayaWaya , a Kenya-based AI and ML messaging and payments company. Per Crunchbase , WayaWaya has just raised $75,000. Since launching nine years ago, Ajua has raised a total of $3.5 million, according to Crunchbase.
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. AMC BV benefits from a strong offline presence of kiosks, mini shops and agents which tie with its core telecom business. Transaction value went 53% up to $12.8
In December, 2006, I launched my first personal online fundraising campaign using my blog to raise money to cover college tuition costs for Leng Sopharath , an orphan from the same orphanage in Cambodia where my daughter spent the first 18 months of her life. Right before Thanksgiving, I was in London on my way back from Kenya.
OkHi is tackling these challenges in Nigeria with its technology and has raised a $1.5 The round brings its total seed raise to $3 million. . Typically the options are manual, which means an agent confirming the address offline or inefficient digital methods such as using utility bills. Timbo Drayson founded the company in 2014.
Last month, the Twitter community came together online and offline in over 180 cities around the world to raise money for charity:water with the highly successful " Twestival " fundraising event which brought in over $250,000. It was launched by Dr. Mani who raised money for heart surgeries for poor kids in India.
Law enforcement agencies in the country are also taking some efforts to raise awareness. Other state police departments and nodal agencies, including the Enforcement Directorate, are also investigating issues with loan apps and raising their concerns with Google. Image Credits: TechCrunch/Bryce Durbin.
Jumo helps connects people with issues and organizations on the first rung of the ladder of engagement, but the challenge will be how to cultivate relationships to bring people up that ladder to higher levels of engagement and involvement – from following and connecting to making donations to making change offline. Chris Hughes.
The cumulative total raised by the event since the Official Charity Program was founded in 1989, including Hale’s donation, jumped to more than $550 million. As Juni was careful to note, 100% of donations raised go to the designated nonprofits. This year, in honor of completing the entire 26.2-mile mile course, Hale donated $26.2
Location : Nairobi, Kenya. YC-backed Duplo raises $1.3M Location : Nairobi, Kenya. ” Founders : CEO Anthony Wagacha, George Mbuthia and Lione Alushula have combined experience at Bank of America Merrill Lynch, KPMG, Microsoft and Central Bank of Kenya. Website : [link]. Founded in : 2021. Team size : 10.
Egyptian fintech Paymob , which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. Paymob also has a POS solution for offline merchants where they can receive in-store card payments. South African payments gateway Ozow raises $48M Series B led by Tencent.
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. In July 2020, Paymob raised $3.5 In July 2020, Paymob raised $3.5 An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures.
Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. In the latest development, one such company, Bitmama , has raised a pre-seed extension of $1.65
Jambo , a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding.
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