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Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

TechCrunch

South African-founded startup WhereIsMyTransport is one such company filling that gap for now. million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Today, i t is announcing a $14.5 According to Naspers, the size of its check was $3 million.

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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

TechCrunch

These are relevant localized data that have long been left out of the bigger pool of KYC and fraud prevention. Document verification and face recognition and matching comprise Smile Identity’s base-level product that works across Africa. Other prominent use cases include AML checks, customer onboarding and fraud prevention.

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Casava gets $4M pre-seed to make insurance affordable and accessible to Nigerians

TechCrunch

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. The local investors involved are all founders.

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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

TechCrunch

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. It’s literally a no-brainer.

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Apple’s privacy-focused Private Relay feature isn’t coming to China

The Verge

Other countries where Private Relay won’t be available include: Belarus, Colombia, Egypt, Kazakhstan, Saudi Arabia, South Africa, Turkmenistan, Uganda, and the Philippines. The feature was announced during Apple’s Worldwide Developers Conference as part of a new subscription bundle called iCloud Plus.

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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

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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Ghanaian fintech SecondSTAX allows investors to access capital markets outside their countries, raises $1.6M

TechCrunch

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. That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I