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Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, SouthAfrica, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
The proptech marketing platform is announcing that it has raised $4.5 The investment will see co-founders and co-CEOs Gil Sperling and Daniel Levy drive the business’s B2B growth strategy and integrate Flow’s social media–driven real estate marketing platform into existing international property portals and CRM platforms.
The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience. Today, FlexClub , a South African company, has been provided with $5 million to improve drivers’ experience in these markets. and Japan.
New report examines Africa’s growth in the digital economy and VC investment landscape. The idea to build Adanian Labs, was conceived in 2018, when Kamara was living and working in Cape Town, SouthAfrica, where he witnessed the fast growth of the startup ecosystem, and how, in most countries, accelerators were the default launch pads.
SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion. but rarely used in markets like Nigeria. “In
It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides guidance into the opportunities within various sectors. The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050.
Per a statement released by the company, it plans to create a “financial graph” ecosystem across Africa with the new funding. . In April 2021, Stitch launched its payments product in SouthAfrica and noticed a 50% month-on-month growth in payments volume the following six months. Image Credits: Stitch.
However, it wasn’t until two years later that Njeru joined fulltime as he had a six-year engagement with Deloitte SouthAfrica from 2012 as a consultant actuary. Therefore, the new financing will scale up operations in its existing 13 markets across Africa, where it has insured over 4.3 The pair both act as co-CEOs.
Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, SouthAfrica, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. Accelerators provide all-round support to early-stage startups, including helping them find product-market fit, funding and access to investors. .
In the checkout phase, we plan to introduce a very secure payment method…limited by time or value. The new payment option is set to encourage shoppers to transact online because Egypt is currently a predominantly cash-on-delivery market, which El-Said said is a “costly operation for merchants.”. It’s quite the right market.
“In managing the operations directly ourselves … we went from an asset-light backend distribution software platform to this market-facing platform that was out there delivering goods directly to shops themselves.”. And what started in Kenya soon scaled into neighboring East African markets Tanzania, Rwanda and Uganda in 2018.
Schwab Foundation board members Paolo Coehlo (the noted Brazilian author), Zanelle Mbeki (first lady of SouthAfrica) and Hilde Schwab, the co-founder of the Schwab Foundation. He also forecast an evolution in capital markets and a rise of intermediaries in the SE field. Roger Martin, dean of the U.
Futi said Orda has witnessed tremendous adoption among small restaurants in its two markets, Nigeria and Kenya, and claims the startup might have reached product-market fit already. Others include expanding its network of restaurants and continuing its pan-African expansion drive (into SouthAfrica and much later, Ivory Coast).
The initial investment phase will run for three years. Madica said it is also keen on reaching underserved markets in the continent, outside the well-established hubs of Egypt, Kenya, Nigeria, and SouthAfrica. This is part of its push to ensure a pan-African reach by supporting local, and women founders.
and SouthAfrica. And there are new upstarts that provide digital bookkeeping services for a minute number of them in West Africa, such as Sabi Cash, Bumpa, Kippa and OZÉ. And d espite launching with various entry points into the market, startups in this space converge at that singular point.
Nigeria is its biggest investment market in Africa, with a portfolio of $570 million. But narrowing this to just Africa, the impact investor is looking to mobilize $6 billion into the continent across these five years, Benson Adenuga , the firm’s head of office and coverage director for Nigeria, told TechCrunch in an interview. “We
We generated ideas for features like crop-specific guidance, multi-language accessibility, real-time market pricing data, and access to peer-to-peer training and resources. He started his career at a digital solutions start-up in SouthAfrica, and for the past 4 years, he’s been part of the WFP technology team.
Companies are phasing from the first generation of AI, which deals with pattern, text and image recognition, to decision-making AI, which helps them make timely decisions in complex spaces. When InstaDeep launched, Africa wasn’t in the picture detailing AI’s contribution to global economic growth.
Other telehealth startups in the telemedicine space across Africa include Ghanaian health tech startup mPharma which revealed plans to set-up 100 virtual centers in its markets by the first quarter of the year and Quro Medical, a SouthAfrica startup, which offers home care complemented by telemedicine service.
Do we build a green economy that is strong enough to lift people out of poverty, a green economy that has green pathways out of poverty for people who want to become green-collar workers and green entrepreneurs and owners and marketers? It is a mobile market. and you kind of go through your rebel phase. How do you do that?
In the coming decades, Africa will be a significant growth market for mobile games, driven by the proliferation of technology adoption among the continent’s youthful population. South African music artiste Nasty C (far left); Carry1st co-founder and COO Lucy Hoffman (far right). Image Credits: Carry1st.
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