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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.,
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.
Regardless of what work you are doing – campaigning for political change, providing services to your local community, educating others, or anything else – would it look different, would it feel different, would it operate differently if love was the central message? Are you fueling with love? To Mama With Love.
In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.
Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September.
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
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
Crowdfunding in general has raised more than 5.1 The story is about how Diane has run into trouble with the local planning board is described here on her GoFundMe page and has incurred legal fees. She is trying to raise money by selling one of her horses and crowdfunding money to help with her legal fees.
Its offers a “high-yield” savings account, free FX and adjacent digital banking services so customers can save in a stable currency, the dollar, and spend-as-they-go in local currencies. The company was founded by Ahmed Ismail , Youcef Oudjidane , Khalid Keenan and Abdigani Diriye in late 2021.
The startup has today announced entry of RejaReja, the B2B retail marketplace, into Ethiopia, Ghana, Tanzania, Rwanda and Uganda, after successful pilot programs, coming about two months after it grew beyond Kenya by launching in Nigeria. MarketForce recently raised $2 million in seed funding.
Kenya’s Twiga raises $50M to scale food solutions across Africa. This has led to decreasing productivity of local farming, which has impacted both quality and pricing in the market,” said Njonjo who founded the company with ex-CEO Grant Brooke. TopUp Mama looking to solve sourcing challenges for restaurants.
Recent YC graduate Topship is one such startup and it has raised a $2.5 ” Late last year, merchant groups from Ghana, Tanzania and Kenya invited Topship to gauge the possibility of launching in their respective markets. million seed round months after concluding the recent YC winter batch. Flexport is its lead investor.
We have community groups, schools, local leaders and people at every age, interest, and skill level. Regional and local leaders were supported and given the opportunity to shine. Actions and messages were contextualized based on the issues and discussions taking place at both the global and local level.
I was able to raise $2,500 in 90 minutes at Gnomedex. Right before Thanksgiving, the TweetsGiving effort helped Epic Change raise over $10,000 in 48 hours to build a classroom in Tanzania seeking $10 donations. Decentralized event organizing, it's grassroots self-organizing and anyone can organize a local event.
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.
Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015. billion fish deficit.
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 It also provides local and dollar cards and a feature where they can receive remittance free of charge from several countries globally, mainly where most of the Sudanese diaspora reside. million seed round.
Note: This article will focus on international development from my perspective working in an African country, although the questions raised are pertinent to any “developed” country or continent’s relationship to a “developing” region. I learned I could and should offer assistance to local citizens who asked for it. As part of a.
I did a post a few weeks ago on youth programs in TechSoup Global's new Local Impact Map and decided I hadn’t covered this resource nearly enough. Our Local Impact Map. It first works with local community people to see what its children need and then tailors programs that are specific to that locale.
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 For any company that wants to go pan-African, then it’s going to be intensely difficult to comply with all of those local regulations. million seed extension round.
In parallel to her main career, she has for many years consulted to start-ups and social enterprises to build strategy, professional leadership, and fund-raising capacity. Additionally, Rebecca is a digital mapper for the Tanzania Development Trust mapping rural Tanzania to aid the work of local anti-FGM activists.
He is also a member of the all-volunteer workforce at NeighborShare, a new nonprofit raising funds for di-rect community needs. Additionally, Rebecca is a digital mapper for the Tanzania Development Trust mapping rural Tanzania to aid the work of local anti-FGM activists. michael.sullivan@thegivingblock.com [link].
He is also a member of the all-volunteer workforce at NeighborShare, a new nonprofit raising funds for di-rect community needs. Additionally, Rebecca is a digital mapper for the Tanzania Development Trust mapping rural Tanzania to aid the work of local anti-FGM activists. michael.sullivan@thegivingblock.com [link].
Epic Change uses their donations to provide interest-free loans to local partners to finance their community improvement efforts. Blandford Nature Center : Maria is raising funds for the organization in a very innovate (and tough) way. Epic Change is the lucky winner of my Reader Appreciation Day Charity Giveaway (Beth's Big Give!).
“When we raised funding all of our investors invested primarily because they wanted to see climate change solved,” he tells TechCrunch. Aka: “It’s a corporate with investors but primarily the aim is to solve climate change.” But not here, confirms Wong. “It’s still very, very hard.
KickStart is a nonprofit that develops and markets new technologies in Africa that help local entrepreneurs to establish small businesses. I started a workshop to mass produce farm equipment; in that case, plows, harrows and ox carts that we gave away to local farmers. MF: Well, of course, we're always raising funds.
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. Image Credits: Adanian Labs.
IProcure connects agricultural suppliers to local retailers (agro-dealers) through unique distribution infrastructure that interlink agricultural supply chains in East Africa. Novastar Ventures becomes $200M African VC fund after $108M raise. We will expand across Uganda and Tanzania and, with time, into Nigeria.
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