TechCrunch

MAY 4, 2022

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2 “From telling us to set up takes days.

Africa 139

Africa Nigeria Burkina Faso Companies 139

TechCrunch

MARCH 15, 2021

Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.

Paypal 132

Paypal Collaboration Africa Nigeria 132

TechCrunch

JANUARY 17, 2023

The proptech marketing platform is announcing that it has raised $4.5 Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards. million in pre-Series A funding.

Social Media 100

Social Media South Africa Fund Media 100

TechCrunch

JANUARY 25, 2021

But as a sign of how the market is firming up, that changed last year and now the firm invests $25,000 for 7% equity. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation. Though, just eight of those companies got investments.

Nigeria 138

Nigeria Africa Report Mauritius 138

TechCrunch

DECEMBER 14, 2021

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

Africa 100

Africa Influence Cameroon Social Media 100

TechCrunch

FEBRUARY 13, 2023

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.

Burkina Faso 95

Burkina Faso Benin Fund Africa 95

TechCrunch

NOVEMBER 10, 2021

In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou. However, a presence in Africa’s largest market, Nigeria, remained elusive for the company. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.

Africa 108

Africa Digital Nigeria Uganda 108