TechCrunch

JANUARY 25, 2021

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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TechCrunch

JANUARY 27, 2022

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., and the U.K.

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TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.

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TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. We are launching in Uganda and Tanzania and have established strong partnerships with original equipment manufacturers (OEMs).

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. So that’s why we’ve rebranded now to Wasoko, meaning ‘people of the market,’” he said.

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TechCrunch

APRIL 27, 2022

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. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year.

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TechCrunch

JANUARY 18, 2022

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.

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TechCrunch

NOVEMBER 22, 2022

Leta , a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Our product has stabilized and we have a very good understanding of our sales process and our go-to-market strategy.

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TechCrunch

MAY 14, 2023

million seed funding it has raised in a round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult. The startup has so far raised $1.7 Outside Nigeria, Figorr’s solutions are currently used in Ethiopia , Ghana , Kenya , South Africa , Tanzania and Uganda.

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TechCrunch

DECEMBER 5, 2021

MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.

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TechCrunch

FEBRUARY 14, 2023

The burgeoning market is indicative that insurtechs are actively providing various solutions to businesses and end consumers, helping them manage the risks of purchases ranging from buying cars to accessing accommodation. The distribution business is essentially its embedded insurance product Grow.

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TechCrunch

SEPTEMBER 23, 2021

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. The company has evolved since then. “More than 2.2

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TechCrunch

FEBRUARY 21, 2022

MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. It also plans to enter additional markets in East and West Africa. We grew to tier two cities in markets that we are in.

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TechCrunch

JANUARY 27, 2023

Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. 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.

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TechCrunch

APRIL 20, 2023

Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators. After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move.

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TechCrunch

AUGUST 26, 2021

Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. The company is led by CEO Nikolai Barnwell , betPawa’s former head of New Markets, Africa. This huge market is why mobile money is prevalent across the continent.

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TechCrunch

APRIL 16, 2021

In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. . This round brings the total raised by 1Doc3 to $5 million.

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TechCrunch

AUGUST 29, 2022

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.

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TechCrunch

MAY 19, 2022

Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015. billion fish deficit.

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TechCrunch

MARCH 20, 2023

Credable , an upstart in this category that provides its clients with the technology stack, scoring capabilities, and banking partners, has raised a $2.5 and Europe, such as Unit , Rapyd and Treasury Prime , have achieved significant scale due to the developed banking systems they enjoy in their markets. million seed round.

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Beth's Blog: How Nonprofits Can Use Social Media

AUGUST 4, 2014

Crowdfunding in general has raised more than 5.1 She is trying to raise money by selling one of her horses and crowdfunding money to help with her legal fees. Raising Money To Fight Food Insecurity. The Next Generation of Cause Marketing for Cystic Fibrosis Research. Look out world!

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TechCrunch

JUNE 8, 2022

“What we’re doing is super needed in the market.” The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Last year, less than an estimated 0.5% overall that went to Black entrepreneurs, per Crunchbase data. After moving to the U.S.

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TechCrunch

JUNE 8, 2022

“What we’re doing is super needed in the market.” The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Last year, less than an estimated 0.5% overall that went to Black entrepreneurs, per Crunchbase data. After moving to the U.S.

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.

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TechCrunch

JANUARY 26, 2022

The renewable energy firm revealed the plans today when it announced the signing of a voluntary commitment with the United Nations to grow its energy market in sub-Saharan Africa and South Asia. Nigeria and India are the company’s biggest markets at the moment. Image Credits: Husk Power Systems.

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TechCrunch

AUGUST 11, 2022

In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.

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TechCrunch

DECEMBER 6, 2022

Last November, the African cross-border payments company raised $150 million in a Series C extension round led by Sam Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Since its inception, Chipper Cash has raised over $305 million from investors including Deciens Capital, Ribbit Capital and Bezos Expeditions.

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TechCrunch

MAY 15, 2022

Since launch, Twiga has used technology to link smallholder farmers with informal traders, giving the producers access to new markets and a large pool of clients, all while optimizing the food supply chain in its markets. Kenya’s Twiga raises $50M to scale food solutions across Africa.

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TechCrunch

NOVEMBER 1, 2021

Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. In May, it expanded to the U.K.,

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TechCrunch

MARCH 8, 2022

As managing partner at Class 5 Global, a San-Fransisco venture fund that has backed startups like Careem and Meliuz, Oudjidane was central to the VC’s efforts in assessing investment opportunities across emerging markets. Further market research highlighted that East Africa was the perfect place for the team to start.

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TechCrunch

MARCH 10, 2021

“We raised from some angel investors, high net worth individuals, so when we the official fund launched, we rolled these select companies into the fund,” Alliy said. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. Europe, and Latin America.

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TechCrunch

MAY 4, 2022

Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 ” Before starting Pngme, an open finance startup that has raised over $18 million in VC funding, Playford actively worked in the blockchain and crypto space for almost a decade.

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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.

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TechCrunch

MAY 18, 2021

Singapore-based Thunes , a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. Thunes raises $60 million for cross-border payments in emerging markets. When Insight approached Thunes, it was not planning to raise more funding.

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Beth's Blog: How Nonprofits Can Use Social Media

JULY 3, 2009

Raising money on Twitter is happening all the time. Beth Kanter stood on stage at Gnomedex and used Twitter to help raise $2,657 in 90 minutes. Last November, Tweetsgiving used Twitter to raise over $10,000 in 48 hours for a school in Tanzania. After all, when you're among friends, it's never hard to ask!

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TechCrunch

MAY 16, 2022

In some way, they are taking after the likeness of an $8 billion company and a market leader in the freight space, Flexport; some have dubbed themselves the “Flexport for Africa.” Recent YC graduate Topship is one such startup and it has raised a $2.5 million seed round months after concluding the recent YC winter batch.

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Care2

JANUARY 15, 2011

The inspiring Tweetsgiving , developed by Epic Change , raised over $60K over the last three Thanksgiving holidays to build schools in Tanzania. Tweetsgiving, created by Amanda Rose, raised $1.2 million within 14 months for 137 nonprofits.

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