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

TechCrunch

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. “From telling us to set up takes days. Here’s a use case on how it works.

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

TechCrunch

Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.

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

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. This represents nearly four-fold growth over a year ago when its portfolio raised $6 million (and just $3 million in 2018). Though, just eight of those companies got investments.

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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

The proptech marketing platform is announcing that it has raised $4.5 Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards. million in pre-Series A funding.

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou. MFS Africa leads $2.3M

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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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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

This is the second fund for the nine-year-old Mauritius-headquartered investment firm. “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. Europe, and Latin America.

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