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How African startups raised investments in 2020

TechCrunch

Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. Due to unfriendly regulations, business and tax conditions, Nigerian startups are increasingly incorporating their startups abroad and other African countries like Seychelles and Mauritius. Those in South Africa claimed $119.7

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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

TechCrunch

They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. And according to its website, only 12 African countries can send and receive money on the platform, but to varying degrees.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation. 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. Though, just eight of those companies got investments.

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

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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Congratulations and welcome to the 2021 Tableau Ambassadors

Tableau

Twelve countries are even getting their first ambassador ever: Azerbaijan, Chile, Finland, Kenya, Mauritius, New Zealand, Norway, Pakistan, Poland, South Africa, South Korea, and Sweden. This class represents 42 countries—up from 31 last year—speaking more than 55 languages. They have wide-ranging backgrounds, too.

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Goldman Sachs spinoff Juven to back African high-growth companies with large checks

TechCrunch

Mauritius and U.K.-based based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa. The one-year-old firm is looking to invest large checks in companies “that have proven business models, strong revenue traction and large addressable markets,” it said in a statement.

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