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Not only are we allowing fintechs to go to market faster than any bank or card issuer could ever dream of doing, but we’re also really showing that our incentives are very much aligned,” said Mlambo. “We Mlambo touts Zambia as a solid place to carry out business.
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
Taptap Send believes that its unique place in the market is that it has built not just the easiest, but the most reliable system to initiate, manage and receive those transfers. Taptap Send has been steadily growing and adding more countries to its list of served markets.
But in Africa, Visa and Mastercard dominate the market share; for example, in South Africa, the distribution of cardholders with Visa is 51% compared to Mastercard’s 48%. There are very few markets where domestic card schemes edge out the pair in Africa. Union54 hopes to create a homegrown alternative to Mastercard or Visa.
They can also make advertising and marketing campaigns at shops, perform product giveaways and tap into merchandising revenue. Merchandising and targeted marketing and advertising also bring in bucks for the company. JABU operated in stealth mode for much of last year. David Akinin (Co-founder and CEO, JABU).
Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Union54, despite being based in Zambia, has customers across Africa. Flutterwave says it helps merchants in its 35 African markets issue virtual cards while only those in Nigeria are privileged to get physical cards for now.
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.
Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Amenli, founded by Shady El Tohfa and Adham Nauman in 2020, is addressing an untapped $2 billion market, being the first licensed online insurance broker in the country. Union54 (Zambia).
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. billion to more than 18 million customers across these markets, granting up to 120 million individual loans.
It has sold its products in over 40 countries including Kenya, one of its first markets, where it reports to have benefited 18 million people over 10 years of operations. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year. Patrick Walsh (CEO) and Anish Thakkar.
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.
However, the fact remains that across Africa and other emerging markets, there are still millions of smallholder farmers with risks to their livelihoods that have not been covered.” Therefore, the new financing will scale up operations in its existing 13 markets across Africa, where it has insured over 4.3 million farmers.
Blantern said the Impact Rooms is also using data to help investors make decisions on which countries, industries or startups to invest in – giving an equal opportunity to startups across all markets in Africa. “We Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).
“We are primarily focused on expanding across Africa in 2022 and in other emerging markets globally,” Wowzi co-founder and CEO, Brian Mogeni, told TechCrunch. “We Wowzi makes it possible for brands to partner with social media users for marketing campaigns. We offer a really comprehensive reporting dashboard online.
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. .”
Founded three years ago and launched in 2021, Klasha is tapping into Africa’s cross-border space in a vast e-commerce market worth over $25 billion. Klasha has the potential to drive spending by making payments simpler in emerging markets and allows merchants to scale within the continent and abroad.”.
One, aligning with Visa as a partner gives you a bunch of benefits, launching products faster, marketing support and product support; and two, in addition to the investment, Visa Fintech Fast Track enables you to access these incentives in a streamlined way,” CEO Ahmed Ismail told TechCrunch in an interview. Our product is live in Sudan.
In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. The Series A round will see JABU deepen its presence in Southern Africa and expand to new markets like Botswana and Eswatini later this year. Many businesses like ours are taking money out of the market.
“What we’re doing is super needed in the market.” Born in Rwanda, Umubyeyi moved around Tanzania and Zambia as a child, observing how her parents utilized entrepreneurship to sustain themselves and the communities in which they lived. She’d soon after leave her corporate job to start Five to Nine.
“What we’re doing is super needed in the market.” Born in Rwanda, Umubyeyi moved around Tanzania and Zambia as a child, observing how her parents utilized entrepreneurship to sustain themselves and the communities in which they lived. She’d soon after leave her corporate job to start Five to Nine.
We help these startups build their teams, iterate where needed, until we find a market fit product,” said Kamara. In a period of two years, Adanian Labs has grown beyond Kenya, by establishing a presence in Tanzania, Zambia, South Africa and Nigeria – some of the biggest startup and tech hubs in Africa. Image Credits: Adanian Labs.
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.
It is this missing connection that Emtech , a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market. Already, CBDCs are taking off in Africa, with Zambia and Kenya being the latest countries to test their viability.
mPharma, a Ghanaian health startup, has taken a controlling stake in Uganda’s Vine Pharmacy for an undisclosed amount, marking the firm’s entry into its latest market in Africa. It currently runs retail pharmacy operations and provides market intelligence to hospitals, pharmacies and patients. The firm also partnered with Mt.
One company that is planning to drive the wave of telemedicine across the continent, as the Covid-19 pandemic rages on, is mPharma , a Ghanaian health tech start-up that is set to open 100 virtual centers across seven markets in Africa over the next six months. It is raising more funding to further grow its business across the continent.
mPharma plans to grow its community ( Mutti ) pharmacies across eight markets in Africa to be the first point of care for patients. Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services.
He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. However, a presence in Africa’s largest market, Nigeria, remained elusive for the company. Nigeria is quite different from the typical MFS market, where mobile money agents run the show.
One is access to markets , which alone is a huge source of food waste, and the other is food security because of a lack of stable growing conditions exacerbated by climate change. Apeel gets more cash to fight poverty and food insecurity in emerging markets with its food-preserving tech.
Experts say Africa is poised to be disrupted by web3 in a similar fashion that has seen Southeast Asia become one of the best markets for web3. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding. Nigeria-based Nestcoin , for instance, raised $6.4
NetSquared Zambia in Lusaka, Zambia. Kansas City, Missouri: What Works In Social Media and Email Marketing for Nonprofits. Louis, Missouri. Nonprofit Neighbors Tech Club in Kansas City, Missouri. 501 Tech Club Austin in Austin, Texas. NetSquared Mississauga in Mississauga, Canada. NetSquared Tanzania in Tanga, Tanzania.
public markets this May , and has promised to not list anywhere else in the interim. Finally, it seems that some private-market investors are not stoked about poison pills, a defensive setup by public companies to prevent a hostile takeover. We are sitting on the precipice of a very busy few weeks, so let’s get right to work!
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 has been on field missions to co-create solutions with governments and implementing partners in Zambia, Mozambique, Kenya, Tanzania, Rwanda, Nigeria, and Bangladesh.
The Selfish Giving Blog by Joe Waters gives us some tongue and check predictions about Cause Marketing. A Small Change-Fundraising Blog : A blog to answer questions from nonprofits about fundraising Brenda Zulu from Zambia, a journalist who covers ICT and Development issues. bubble would burst. Here's a tip sheet on Twitter.
The field is evolving at a rapid pace, creating a lot of opportunity for creativity in structuring the market. Our friend at Hewlett Foundation ( @Hewlett_Found ), Margot Fahnestock, pointed out the cultural difficulties with setting up an effective women’s reproductive health system in Zambia.
you can have amazing videos or streaming where you take them and show them your programming if you’re over in Zambia, or wherever you might be. But they got multiple fundraisers on staff, and they probably also have maybe marketing people, volunteer people, obviously the services people. But you can just do. So you can have.
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