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From Seattle, Washington, to Cape Town, SouthAfrica and everywhere around and between AI is helping conserve the wild plants and animals that make up the intricate web of life on Earth. EarthRanger platform interface. The startup, which uses the Ai2 EarthRanger platform, protects more than 1.2
The goal of these case studies is to raise awareness of the impact these nonprofits are making in SouthAfrica. This township is one of the poorest areas in SouthAfrica. There's also a library at the center with a cyber café for the students and the local community at large. Art and Media. Environment.
This is a gap that Talk360 is looking to bridge as it creates a new payment platform that will integrate all available payment options across Africa. This product, it says, will open up businesses to the largest pool of localized payment options in Africa.
Others found ways to expand the opportunities within existing hometown industries: NCBiotech built pathways to bring more local residents into the Research Triangles booming life sciences sector. The citys locally owned Orion Amphitheater , the nexus of the $2.2 The initiative will also benefit local industry by slashing energy costs.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. Also, all but two deals were solely equity-based: TradeDepot and MFS Africa raised a mix of equity and debt. A handful of local acquisitions and a monumental exit.
Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, SouthAfrica, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
Retailers on the Aspira platform, like most African businesses, struggled with cash flow problems and lacked access to affordable credit to grow their businesses. A functional credit system and high penetration of credit cards form the backbone of corporate spend and expense management platforms.
There are two kinds of restaurants where the majority of our focus is on — the bukkas [local restaurants] and the small restaurants, for instance,” Orda co-founder and CEO Guy Futi told TechCrunch in an interview. With its cloud-based software, Orda wants these businesses not to rely on manual ways of managing their businesses. .
Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. One of the earliest in the space, Nigerian B2B e-commerce platform TradeDepot , raised a combined $110 million in debt and equity.
Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, SouthAfrica. The founders draw on prior experience building API products for local markets in the past.
A card issuing platform isn’t in the best position to tackle these issues head-on. Doing so will require creating a different payment application for Africa, and that’s an audacious task of its own. There are very few markets where domestic card schemes edge out the pair in Africa.
The company plans to use the new funding to launch a pan-African payment platform next year and grow its VoIP market share. SouthAfrica’s Talk360 raises $4M to build single payment platform for Africa. SouthAfrica’s Talk360 raises $4M to build single payment platform for Africa.
. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund. “From telling us to set up takes days. ” Onayemi launched Norebase with Tope Obanla in September 2021.
The e-commerce platform is now set to introduce a range of products and options including buy-now-pay-later (BNPL) financing and a new online payment option. Contact is said to be among the first financial services platforms to introduce advanced credit scoring and collection mechanisms in Egypt. “We Wasla currently has 1.5
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.
Kenya, on the other hand, is still within its radar as one out of three countries (including Egypt and SouthAfrica) Mono plans to expand into next year. Hassan adds that Mono might complete the move to SouthAfrica via a partnership with Absa bank this year. However, not everyone measures growth this way.
based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. The company has raised $3.4 Australia and Asia.
Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as SouthAfrica and Egypt, there is a newfound surge in demand for such services. But there’s a little twist to Sympl’s offerings which the founders made in a bid to localize its product for the Egyptian market.
But startups are also solving local problems. Our Winner in Rio Crossfy bridges the gap between old and new media by creating a cross platform interactivity – we saw the app in action and it could have easily come out of a Silicon Valley accelerator like YCobinator or 500 Startups.
The company currently ingests about 100 million unique data points daily on its platform. The 50-person team serves clients mainly from the automotive, semiconductor, rubber and foundry industries, deploying its solution to manufacturing plants based in Japan, China, India, Europe, SouthAfrica, the U.S and South America.
The trained lawyer did all this while running the Africa Payments Club, a platform that brought together a pool of founders, experts and investors in the tech space to connect and address common business challenges as well as to scout for opportunities in Africa.
The SouthAfrica-based company, which currently has a team of 37 people across 18 countries, wants to use this additional capital to scale interactive content across Africa. So we’ve built out our monetization engine to allow users to be able to pay for content that they want more easily across Africa.”.
SeamlessHR has also eaten into the market share of legacy and “on-premise” systems like SAP and Oracle, commonly used by large companies locally. Localization of software also plays a part in SeamlessHR replacing these legacy systems in Nigeria.
The general perception of insurance on the continent has been bland for years, and its penetration rate, except SouthAfrica, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with SouthAfrica excluded, it was 1.12%. The local investors involved are all founders.
Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. Niche local brands are also emerging to offer tailored beauty and skin care products. How Parfait is using AI to upend the $13B custom wig industry.
At the same time, Stambolis said it was pretty clear that more developed ecosystems such as Silicon Valley didn’t care much about meeting struggling regions’ local health and development targets. But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome. based VC firm 500 Startups. .
Some include the Red Cross, The Weather Channel, local newspapers, Craigslist, and others. Since then, the platform (which is open source ) has been modified for use in SouthAfrica (mapping xenophobic violence), DR Congo , Vote Report India (to monitor the recent local elections) and more.
The startup hopes that the Series A funding will drive its presence in 12 countries, including SouthAfrica, Kenya, Ghana and Saudi Arabia. Image Credits: By 2030, it is predicted that the number of youths — people between the ages of 15 and 24 — in Africa will increase by 42%, according to the UN.
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
Chari operates as a mobile app, allowing small retailers in these two countries to order products from partnering FMCG multinationals and local manufacturers and get items in less than 24 hours. The Khatabook-esque platform provides credit and bookkeeping services to about 50,000 merchants.
The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform. This was the main idea at this time as we saw a huge problem where there was no analytics platform for the offline store or a retargeting mechanism.”. Hence, the reason why Merak Capital backed the firm. “We
Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and SouthAfrica for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised. We are excited to partner with the Churpy team as the first mover in the market.
With fresh demand, Shagaya sees uLesson evolving into a live, online platform instead of an offline, asynchronous content play. There are placement agencies in SouthAfrica and Kenya and offline tutoring marketplaces that send people to student homes, but no clear leader from a digital curriculum perspective.
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. The platform allows payments from the U.K.
KlashaCheckout allows merchants outside Africa to collect payments from six countries on the continent — Nigeria, Zambia, Tanzania, Uganda, SouthAfrica and Kenya — and get paid in G20 currencies like dollars, pounds or euros. The platform will go live in Kenya in the next couple of months, said Anuna.
VertoFX , a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. The case is particularly problematic in emerging markets like Africa, where local currencies are less liquid than those in developed markets. .
And that is how he embarked on building Ponea as a “genuinely patient-centric platform.”. To get listed on Ponea’s platform, providers are first vetted and rated, using its own rating system, which uses data from the government’s database and physicians’ certifications. This means we do not build what is available.
When companies create digital payments-facing solutions for African countries outside Nigeria and SouthAfrica, building around mobile money is key. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. How big is mobile money in Africa?
Cloudy day : Google’s first cloud region in Africa launched in SouthAfrica. M&A action : Spotify acquires Kinzen , a content moderation tech company, in a move that Sarah writes will address platform safety issues. Let’s join hands and jump in at the same time, shall we? The TechCrunch Top 3.
The average penetration rate for insurance in Africa is between 3% to 5%. SouthAfrica makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. million seed round to provide insurance services for Egyptians.
clients “have some sort of global operations.” “Now, if you use Brex, you can actually operate as if you were a local company with a local card.” It’s something that we’ve been trying to do for a while,” Dubugras added, noting that insurtech Lemonade is a customer.
His win came when the global appetite for Amapiano, a style of house music that emerged in SouthAfrica , and Afrobeats, a popular music genre that originated from Western Africa , had increased exponentially. and Europe — launched EmPawa Africa , an outfit to accelerate the music careers of young artists.
billion monthly active users, WeChat stands as the most powerful messaging app in China and comes with a flurry of social connecting features, but the apps 12-year-old history gives Ma great pressure, especially as QQ, Tencent’s once-popular platform, undergoes a crucial transformation after 12 years in operation. Boasting 1.3
State/Local / #MCNAC16 / @SmartNonprofits. State/Local. It’ll open with candid stories about the ups and downs of working in social good and close with an afternoon of action and volunteering with local nonprofits. State/Local / #MadisonNonprofitDay / @nonprofitday. State/Local. State/Local. State/Local.
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