Remove Local Remove Raise Remove Tanzania
article thumbnail

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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U.,

Africa 98
article thumbnail

Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

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.

Africa 139
professionals

Sign Up for our Newsletter

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

article thumbnail

Can love change the world? I hope so!

Amy Sample Ward

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.

Change 180
article thumbnail

Nigeria’s Grey raises $2M for cross-border payments play and regional expansion

TechCrunch

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.

Kenya 95
article thumbnail

Finclusion raises $20M to build out credit-led neobank offering across Africa

TechCrunch

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.

Africa 104
article thumbnail

How African startups raised venture capital in 2022

TechCrunch

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

Raise 99
article thumbnail

Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

TechCrunch

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.

Africa 107