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Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

TechCrunch

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . . Therefore, the new financing will scale up operations in its existing 13 markets across Africa, where it has insured over 4.3 million farmers.

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Swoop Aero’s drones hit a million items delivered as the company raises for expansion

TechCrunch

Australian drone logistics company Swoop Aero is celebrating new milestones and funding as it plans its expansion to more markets. “If you’re the minister of a country, whether it’s Austrialia or Malawi, you say ‘we want to be able to do 300 high-priority deliveries a month.’ where regulations are tight.

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Sun King raises $260M to widen clean energy access in Africa, Asia

TechCrunch

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Sun King has previously raised $170 million in equity and debt funding. Part of the funding will be used to expand the business’ presence.

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mPharma raises $35million in round participated by Tinder co-founder’s JAM fund, Bharti executive

TechCrunch

mPharma plans to grow its community ( Mutti ) pharmacies across eight markets in Africa to be the first point of care for patients. The financing raised comprises $30 million in equity and $5 million in debt from CitiBank, bringing the total amount raised by mPharma to $65 million.

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8 startups that leveraged products for social good, and where they’re headed in 2014

The Next Web

Started by a nightclub promoter tired of an unfulfilling job, charity:water doesn’t even have a marketing team but raises millions annually to give 800 million people the resource they are so lacking: access to clean drinking water. Charity:water’s latest campaign for 2014 is focused around donating to the people of Malawi, Africa.

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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. PayPal finally arrived Africa’s most populous country in 2014 and a year later, it became the company’s second-biggest market on the continent.

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.