article thumbnail

Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. ” In 2018, the product was piloted as Wave in Senegal but it was still within the Sendwave ecosystem. In June, the telecom operator stopped users in Senegal from purchasing Orange airtime via Wave’s mobile application.

Senegal 124
article thumbnail

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

TechCrunch

Barnwell tells TechCrunch that although these transaction volumes look impressive, pawaPay would have done more if not for regulatory hurdles and licensing approaches in each market. . We want to be completely covered in all the markets, with full licensing and be a very stable reliable premium product in these markets,” he added.

Africa 129
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

TechCrunch

Thus, in addition to supplying Smile Identity with a skilled and experienced team, APIs and customers, Appruve presents the Costanoa-backed KYC identity provider with a gateway into the Francophone market (focusing on Ivory Coast and Senegal) and also Uganda, Straub told TechCrunch over a call. “We We have product depth in Nigeria already.

Service 145
article thumbnail

FTX processed billions monthly in Africa before going bust

TechCrunch

In countries like Nigeria where the government previously banned cryptocurrency transactions through licensed banks and introduced a digital currency to reduce incentives for using unregulated crypto, the crackdown against crypto usage might intensify. It’s public record that it never happened.

Africa 95
article thumbnail

Cameroonian crypto and savings platform Ejara raises $8M, led by Anthemis and Dragonfly

TechCrunch

Last October, it had 8,000 users from Cameroon, its first market and others including Ivory Coast, Burkina Faso, Mali, Guinea, and Senegal. As a result, users on the platform have grown in multiples over the last 14 months. Now, it counts over 70,000 users across nine Francophone African countries. .

article thumbnail

Telling Your Story: NetSquared #Storymakers2017 Workshops for Nonprofits

Tech Soup

Dakar, Senegal: Concours de Présentation des Projets. IMAGE ATTRIBUTION GUIDELINES Image Name: Author / License. Bunda, Tanzania: Microsoft Cloud Computing. Sunday, September 3, 2017. Cotonou, Benin: L'Utilité des Logiciels de TechSoup dans la Progression d nos ONG dans le Monde. Monday, September 4, 2017.

article thumbnail

This new paint changes color with the weather—and cuts down on energy bills

Fast Company Tech

In 2019, teams across Senegal, Bangladesh, Mexico, and Indonesia painted a total of 250,000 small household rooftops with white reflective pain as part of the Million Cool Roofs Challenge. The power of paint Many cities have turned to paint to alleviate urban problems like the heat island effect. In 2022, the city of L.A.

Change 100