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Nigeria’s digital payroll platform Bento expands to Kenya, Rwanda and Ghana, to enter six other African markets in 2022

TechCrunch

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, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.

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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

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.

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South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace

TechCrunch

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.

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Venture studio Adanian Labs fuels startup growth in Africa

TechCrunch

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, South Africa, where he witnessed the fast growth of the startup ecosystem, and how, in most countries, accelerators were the default launch pads.

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Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

TechCrunch

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

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

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.

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Stitch raises $21M for its API infrastructure and embedded finance platform

TechCrunch

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 South Africa and noticed a 50% month-on-month growth in payments volume the following six months. Image Credits: Stitch.

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