TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. I also remember taking money from loan sharks with ridiculous interest rates, sometimes as high as 20% a month, to meet payroll.

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TechCrunch

FEBRUARY 23, 2021

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. This time, a startup from Africa has joined the party. TymeBank , a South African digital bank, announced today that it has secured an R1.6 billion (~$109 million) investment from new investors in the U.K.

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TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. In total, Stitch has raised $27 million to date. Image Credits: Stitch. We just offer payments there but are eager to deepen the products.

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TechCrunch

DECEMBER 9, 2021

Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services. In the CEO’s words, Sympl operates a save your money, pay later model rather than the normal buy now, pay later model.

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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

AUGUST 26, 2021

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. According to him, starting pawaPay was to help people send and receive money internationally using mobile money. How big is mobile money in Africa?

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TechCrunch

AUGUST 17, 2021

Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa.

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TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. Open finance players in Africa like Mono — mirroring Plaid’s success in the U.S. More than half of the population is either unbanked or underbanked.

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TechCrunch

NOVEMBER 23, 2021

Mobiz , a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. and double down on marketing, sales and account management.

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TechCrunch

JANUARY 6, 2022

Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 One of the earliest in the space, Nigerian B2B e-commerce platform TradeDepot , raised a combined $110 million in debt and equity. JABU shines a light on the Southern Africa region. million financing round.

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TechCrunch

FEBRUARY 11, 2021

Knife Capital , a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series B financing. With Knife Fund III called the African Series B Expansion Fund, the firm seeks to directly invest in the aggressive expansion of South African breakout companies. and Europe.

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TechCrunch

JANUARY 4, 2022

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of how much the startup scene has transformed over the last few years.

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TechCrunch

JANUARY 16, 2023

The new funding brings the total seed amount raised by the startup to $7 million. Kwara, which also has a presence in South Africa and the Philippines, has grown its clientele base to 120 from 50 at the end of 2021, maintaining a 100% customer retention — a proof of the value it delivers to its clients.

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TechCrunch

MARCH 29, 2022

Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised. SMEs have a huge financing gap.

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TechCrunch

MAY 25, 2022

In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. You can offer your end consumers the ability to withdraw and deposit money into their wallets and bank accounts through JABU,” said Akinin. “So Many businesses like ours are taking money out of the market.

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TechCrunch

NOVEMBER 23, 2021

And the attention on these companies, particularly from venture capitalists, spiralled into this year, with each significant player raising large seed to Series A rounds. OnePipe , a fintech API company with a different play from the lot, joins the list today, raising $3.5 million seed to double down on its embedded finance offering.

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TechCrunch

JANUARY 27, 2022

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users. and the E.U., and the U.K.

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TechCrunch

NOVEMBER 11, 2021

In Africa, one startup is carving a niche for itself. The company, based in South Africa, has raised $3 million in seed funding to scale outside Africa and build the infrastructure for the digital insurance economy. However, it also powers affinity insurance players; some of the largest in South Africa actually.

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TechCrunch

MARCH 15, 2021

It is nearly impossible for businesses in some African countries to receive money from PayPal. According to CEO Olugbenga ‘GB’ Agboola , this will happen via a Flutterwave integration with PayPal so merchants can add PayPal as a payment option when receiving money outside the continent.

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TechCrunch

JANUARY 17, 2023

The proptech marketing platform is announcing that it has raised $4.5 With our first adtech business, we never dealt with real estate or property as we could never really service them in this country [South Africa]. And that’s why we’ve just gone through this capital raise to experiment with that essentially.”.

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TechCrunch

DECEMBER 15, 2020

“This round was the first time we raised with most of the previous round still in the bank, despite the pressures of COVID,” he said. billion after raising just over $100 million. France, South Africa and Nigeria. And what that means is no need to spend money on finding drivers.” billion ($4.3

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TechCrunch

NOVEMBER 16, 2021

This market is one South African company NFTfi targets and has raised a seed round of $5 million to continue pioneering the financialization of NFTs. So, if an NFT is worth $20,000 at the point a borrower needs money, lenders are likely to offer not more than $10,000 as a loan.

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TechCrunch

JANUARY 20, 2022

Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation. “Chari will use the money of this bridge round to test the BNPL services with its existing customers. . “Chari will use the money of this bridge round to test the BNPL services with its existing customers. ” .

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TechCrunch

MAY 18, 2022

For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in Nigeria’s entertainment and tech scenes. and South Africa. In 2018, he started a pre-school chain based in the U.K.

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TechCrunch

DECEMBER 6, 2022

Last November, the African cross-border payments company raised $150 million in a Series C extension round led by Sam Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Since its inception, Chipper Cash has raised over $305 million from investors including Deciens Capital, Ribbit Capital and Bezos Expeditions.

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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%. In the news today is one such company: Casava.

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TechCrunch

JANUARY 19, 2022

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). The company’s online marketplace is noticing even faster growth, said Robbin-Coker, especially among users in South Africa and Nigeria.

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TechCrunch

AUGUST 5, 2021

The startup has expanded beyond Nigeria and claims that merchants from the West African country, as well as Kenya, South Africa, Ghana and Rwanda, can use its platform to move freight in and out of their countries. For instance, Ghana’s Jetstream offers a similar service and raised $3 million two months ago.

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TechCrunch

JANUARY 6, 2022

That’s the drive for South Africa-based health tech startup HealthLeap , which focuses on a global healthcare market starting from the U.S. By addressing hospital malnutrition in a scalable way using machine learning, HealthLeap will save dietitians time, save healthcare providers money, and most importantly save patients’ lives.

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TechCrunch

DECEMBER 2, 2021

And the South Africa-based crowd-solving startup has done that over the last three years they have been in existence. South African Megan Yates and Ghanaian Ekow Duker are the platform’s other co-founders. It has also paid data scientists $300,000 in prize money. Photo Credits : Zindi.

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TechCrunch

JANUARY 20, 2021

ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Sim Shagaya’s uLesson African edtech startup raises $3.1M. million in Series A funding.

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TechCrunch

FEBRUARY 15, 2021

During his time there, the firm raised more than $4.5 million targeted at startups in Kenya, Uganda, Rwanda, South Africa, Ghana and Nigeria. But according to him, Uncovered Fund’s investment methodology is different from his previous firm because it doesn’t bring only money to the table.

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TechCrunch

OCTOBER 27, 2021

We only make money when they do and that’s why we’re happy to give a guarantee with that interchange.”. But a more impressive fact: Union54 seems to be its first bet outside Nigeria or South Africa, two of Africa’s four most dominant tech ecosystems, including Kenya and Egypt.

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NTEN

SEPTEMBER 16, 2011

This week they announced their innovative conference plans, released impressive fundraising infographics, and even made plans to run through the Sahara Desert to raise money for a cause. Convio recently put out an impressive infographic depicting how much money Americans donate online. Have more news to share?

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TechCrunch

JUNE 22, 2022

In an interview with TechCrunch, Stambolis said the UN’s formula for moving the dial worldwide generally boils down to more money and political will. The big data company has provided its software to partners and governments in Ethiopia, Rwanda, South Africa, Zambia, Brazil, Vietnam, Mozambique and Pakistan.

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Tech Soup

OCTOBER 2, 2011

The run, set to begin today, October 2, is a 250-kilometer journey through the Sahara Desert ending at the Pyramids of Giza for the purpose of raising money for South African nongovernmental organizations (NGOs).

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TechCrunch

FEBRUARY 14, 2022

The company describes itself as the Middle East and Africa’s “first super-API for payment orchestration and revenue operations.”. The pre-seed round is an extension of an undisclosed six-figure raise MoneyHash announced last June from investors Ventures Platform, Kepple Africa Ventures, LoftyInc Capital and lead COTU Ventures.

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