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His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9% Funding raised by Kenyan startups reached $191.4
But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4
It raised $850,000 seed in October 2020. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages.
Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. They never noticed such in Morocco before that, but it became evident after going back to the North African country that local mom and pop stores needed such service.
The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year). At a time when the global economy has been under pressure, Taptap Send saw business grow eight-fold, the company said.
PawaPay handles local operations, compliance, regulatory cover and bank accounts, making it simple to receive payments in a new market. It has become quite obvious that this is a very significant financial infrastructure and there’s a lot of it that’s been missing if you want to work serious volume and businesses on mobile money.”
Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. 500 Global’s take on the rising competition among startup accelerators.
And in a bid to continue providing affordable and accessible healthcare for its customers in Ivory Coast, Senegal and Cameroon, the Ivorian startup is being backed with $1 million in pre-seed funding. The equity raise saw participation mainly from angel investors, as the company also raised $1.2
A year after YouTubers launched a campaign to raise enough money to plant 20 million trees, the campaign is in a critical phase: planting the trees and ensuring their survival. By December, they had surpassed their goal of raising $20 million dollars, enough to plant 20 million trees. Image: Arbor Day Foundation. million planted.
In addition to trading on the platform, these customers used FTX to convert their local currencies to dollars and gain yield on savings. However, following the events of the past two weeks that brought about FTX’s tumble, many of them, including local celebrities signed as brand ambassadors, have been left bemoaning their decision.
But issues around pricing, flexibility to innovate and a lack of local tech support always come up. “We started Appzone with the intention to build out innovative local solutions for banking and payments on the continent,” CEO Obi Emetarom told TechCrunch. Four years later, it raised $2.5
By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We So, we have a short program to help them raise,” said Kamara. Not just one,” said Kiwia.
The sustainable cooling company, which offers accessible cold storage solutions to businesses across Africa, has raised $2.5 Koolboks has raised $3.5 Koolboks will deploy the capital to expand across Nigeria, including building the team to support its growing B2C business and constructing a local assembly facility.
Peace Corps in Senegal in West Africa. And it’s a huge driver of online fundraising, and also just awareness raising. So during Suicide Prevention Month, there was a campaign called Seize the Awkward, and they ran a three-day Twitch event to raise awareness and raise funds, where people on Twitch that were doing live streams.
government will stop sharing air quality data gathered from its embassies and consulates, worrying local scientists and experts who say the effort was vital to monitor global air quality and improve public health. “It was a source of access to air quality information independent of local monitoring networks.
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