TechCrunch

DECEMBER 21, 2021

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. million in a seed round in June 2020 and followed it with $10 million in debt from emerging markets-focused venture debt fund Lendable in December.

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TechCrunch

SEPTEMBER 10, 2022

Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth.

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TechCrunch

JANUARY 21, 2021

As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup out of South Africa is using artificial intelligence to help farmers manage their farms, trees and fruits. and other markets. . Within that, the U.S.

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TechCrunch

FEBRUARY 23, 2021

Both these investors are experienced in financial services in emerging markets; Apis, for instance, is a private equity asset manager that supports growth-stage financial services and financial infrastructure businesses. “The establishments of digital banks in South Africa is in its infancy. The invested amount of R1.6

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TechCrunch

NOVEMBER 1, 2021

Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. allowing people to send money from the European nation to Chipper Cash’s African markets. to Africa corridor with established players such as Wise, MoneyGram, Sendwave and Remitly; the U.S.

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TechCrunch

JANUARY 18, 2022

Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and South Africa. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September. I think there’s a lot of similarities, often between regional markets.

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Africa South Africa Nigeria Raise 104

Tech Soup

JUNE 4, 2013

As collection and processing of e-waste and discarded electronics in Africa reaches worrisome proportions, industry leaders and policymakers from all over the world are meeting in Cape Town, South Africa on June 7, 2013.

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TechCrunch

JUNE 7, 2021

Many people in emerging markets depend on informal public transport to move across cities. South African-founded startup WhereIsMyTransport is one such company filling that gap for now. South African-founded startup WhereIsMyTransport is one such company filling that gap for now. Today, i t is announcing a $14.5

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TechCrunch

DECEMBER 8, 2021

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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TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

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TechCrunch

FEBRUARY 11, 2021

With other outlets like media publications WeeTracker and Disrupt Africa disclosing different results for the African venture capital market, we compared and contrasted their results last year. The sequence remained unchanged from Disrupt Africa’s 2019 list as well. million; South Africa, third at $142.5

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TechCrunch

DECEMBER 30, 2021

It went public on the Egyptian stock market (the first indigenous tech company to do so on African soil) in 2019. More experienced founders exist and specific markets, particularly in the Big Four (Nigeria, South Africa, Egypt and Kenya), show a mix of matured but still open-for-disruption traits.

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TechCrunch

FEBRUARY 22, 2022

The global chat commerce’s total addressable market is worth an estimated $80 billion and is seen as the third big wave of digital commerce after e-commerce and app commerce markets. Founded in South Africa, Clickatell is headquartered in California, with offices in Nigeria and Canada.

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South Africa Platform Nigeria Raise 98

TechCrunch

SEPTEMBER 21, 2022

African capital markets exist in silos, as various exchanges within the continent are often inaccessible to investors outside their home countries. For instance, a South African investor who wants to diversify their portfolio outside the Johannesburg Stock Exchange may find investing in the Nigerian Stock Exchange difficult.

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TechCrunch

JANUARY 17, 2023

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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TechCrunch

FEBRUARY 24, 2021

This makes it the largest round raised by any API fintech startup in Africa at the moment. Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa. “Unlike the U.S.

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The Verge

JUNE 11, 2021

McDonald’s says business operations were not interrupted by the data breach and “in the coming days, a few additional markets will take steps to address files that contained employee personal data.”

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TechCrunch

FEBRUARY 22, 2023

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. For Planet42, it uses proprietary scoring algorithms to assess risk in underbanked customer segments.

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TechCrunch

FEBRUARY 8, 2022

Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. It also defines African startups as companies with their primary market, in terms of operations or revenues, in Africa — not based on HQ or incorporation. Ghana came fifth. In 2021, Nigeria retained the first spot ($1.8

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TechCrunch

MAY 5, 2022

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. About 40% are based in the U.S.,

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TechCrunch

FEBRUARY 15, 2023

According to a statement, the funding presents Naked with an opportunity to improve its AI and use it to grow Africa’s insurance market which is worth over $68 billion in annual gross written premiums. South Africa makes up 70% of this market, with an annual gross written premiums market of over $47 billion.

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TechCrunch

JANUARY 13, 2023

More progress is linked to how quickly market information circulates to key stakeholders, including traders, regulators and financiers. Realizing emerging opportunities, Xetova , a Kenyan startup, is deploying technologies that make information on market opportunities accessible to traders.

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TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. In Africa, one startup is carving a niche for itself. However, it also powers affinity insurance players; some of the largest in South Africa actually.

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TechCrunch

OCTOBER 11, 2021

Open finance players in Africa like Mono — mirroring Plaid’s success in the U.S. market to theirs — thrives on the notion that access to a financial ecosystem via open APIs will improve access to financial information and lower entry costs for the underbanked. . company if it decides to expand.

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TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. for every successful transaction made via Ozow.

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TechCrunch

APRIL 7, 2022

The startup’s new wholesale business dubbed The Folklore Connect , will link luxury fashion brands in emerging markets to bulk retailers in North America, and later, in Europe. The startup is working with modern fashion brands out of Africa that have a proven track record and can keep up with demand. managing partner, Ajay Relan.

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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

AUGUST 9, 2021

Although they make up a small part of Africans who need Moove’s services, Delano says the market for “mobility entrepreneurs” is enormous. Moove’s loan repayment process is more suitable to drivers than what traditionally exists in the market. The net effective annual interest rate also differs significantly.

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Africa South Africa Nigeria Raise 126

TechCrunch

JUNE 10, 2021

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. to a new direct-to-patient market. As a Sweden-based telehealth company, Doktor.se

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TechCrunch

DECEMBER 1, 2021

OfferZen operated solely in South Africa for four and a half years until April 2020, when it expanded to the Netherlands after acquiring an Amsterdam-based recruitment tech startup called TryCatch. Most of its customers from both ends of the marketplace are based in South Africa, the Netherlands, and parts of Europe like the U.K.

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TechCrunch

SEPTEMBER 30, 2021

The lack of interoperability between African currencies is primarily behind why a Kenyan business owner who wants to pay an invoice to another business owner in South Africa with either shillings or rands ends up using the dollar — the currency that powers almost 80% of Africa’s bilateral trade.

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TechCrunch

FEBRUARY 11, 2021

Bohmert tells TechCrunch that the third fund aims to address the critical Series B funding gap that has characterised the venture capital asset class in South Africa, resulting in businesses not reaching full potential or exiting too early. These specialized Africa VC funds are welcoming co-investors.

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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. From Onayemi’s point of view, the growth of Africa’s digital economy revolves around gains in six segments: education, payments, logistics, transport, identity, and trade.

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TechCrunch

DECEMBER 16, 2021

Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists. Last year, fintech startups accounted for 25% of the VC funding which flowed into Africa, while startups from the Big Four received more than half of the continent’s total funding. “If

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TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%.

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TechCrunch

MARCH 11, 2021

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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TechCrunch

DECEMBER 1, 2021

And so the key difference in the market is this. Almost 95% of the money and the attention goes to always four, five countries in Africa … Nigeria, Ghana, Kenya, South Africa, Egypt,” said Dana. But generally, Francophone Africa is a bit left on the side on all the significant traction.

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