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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

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.

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

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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Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

TechCrunch

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.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

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.

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YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

TechCrunch

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).

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

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.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

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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