TechCrunch

JANUARY 22, 2021

When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. . But over the years, those same seed-stage rounds have become more common, with some very early-stage startups even raising eight-figure sums. “Fintech is compelling.

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TechCrunch

APRIL 13, 2022

There’s no shortage of digital banks in Nigeria and, in general, in Africa. In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. The news comes almost two years since the fintech raised a seed round of $2 million. million to date.

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Digital Marketing Raise Nigeria 95

TechCrunch

MARCH 19, 2021

The reason lies behind the fact that in this quarter, Nigeria has accounted for 76% of the company’s messaging transactions, while Algeria currently accounts for 15%. You’ll hear first-hand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios.

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Africa Algeria Raise API 134

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. We recently had a few customers go live in Nigeria, which has been very exciting for us.

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API South Africa Raise Platform 93

TechCrunch

FEBRUARY 21, 2022

MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. This latest round (equal amount of debt and equity) brings the total funds raised by MarketForce to date to $42.5

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TechCrunch

NOVEMBER 29, 2022

The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 Futi said Orda has witnessed tremendous adoption among small restaurants in its two markets, Nigeria and Kenya, and claims the startup might have reached product-market fit already.

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System Digital Raise Africa 93

TechCrunch

JULY 21, 2021

This brings the company’s total funds raised to $87 million since the company was founded by Richard Hong and Darwish Gani in 2018. We are even more excited for this next phase of their growth.” Harlem Capital’s Henri Pierre-Jacques invested in both Pangaea’s seed round in 2019 and Series A in 2020.

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Los Angeles Personal Develop Raise 99

TechCrunch

JANUARY 5, 2022

The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. All these while increasing access and affordability to quality medication.

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Fund Africa Ghana Raise 97

TechCrunch

SEPTEMBER 7, 2022

NowNow Digital Systems , one such platform launched in 2018, has raised $13 million in a seed round that will allow the four-year-old startup to scale and expand its service offerings across Africa. This product has been made available to a few small businesses to test in a pilot phase.

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TechCrunch

MAY 18, 2022

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. This led him to start Bamba , a mobile-based enterprise software for African micro-merchants, that has raised $3.2 Nigeria’s Kippa gets $3.2M

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Raise Africa Nigeria Kenya 80

TechCrunch

NOVEMBER 22, 2022

In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. Our next year is going to be fairly big for us.

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Africa Raise Tanzania Ghana 97

TechCrunch

SEPTEMBER 15, 2022

Driven by a viable business model, the startup, which also has operations in Uganda and Nigeria, has entered its growth phase and is eyeing more partnerships in a bid to drive mass market insurance adoption in Africa. Kenyan insurtech Lami raises $3.7M seed extension led by Harlem Capital.

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Fund Kenya Raise Africa 85

TechCrunch

NOVEMBER 9, 2021

It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. ” Sevey said Mantium is also preparing to enter a phase where it will create impactful meaning applications beginning next year — as it moves to connect “things with AI”. “So

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Platform Fund Raise Africa 104

TechCrunch

MARCH 15, 2022

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 6 African women CEOs discuss how they raised more than $1M in 2021. million, the total equity funding raised by 4G Capital since 2016. million in Series C funding from global private equity firm Lightrock.

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Kenya Raise Africa Ghana 87

TechCrunch

MAY 3, 2022

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. Reports say African startups raised record-smashing $4.3B

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Fund Zimbabwe Kenya Africa 90

TechCrunch

OCTOBER 12, 2022

The Singapore-based startup announced it has raised $18 million in Series A financing co-led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital. It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. The app currently has more than 75,000 users in over 60 countries.

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TechCrunch

JUNE 29, 2022

Adanian Labs targets idea-phase tech startups, offering them all-round support including capital, advisory and operational backing; building them from the ground up. So, we have a short program to help them raise,” said Kamara. All these startups have raised on average $2 million each in seed funding over the last few months.

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Africa South Africa Nigeria Kenya 97

TechCrunch

OCTOBER 14, 2021

Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.

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Marketing Service Kenya India 110

TechCrunch

AUGUST 25, 2021

Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. The company subsequently raised a $3 million seed round. MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion.

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TechCrunch

NOVEMBER 3, 2022

Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. We believe that the next phase of this evolution will be led by home-grown accelerators, like the ones joining BAM,” said Dieng.

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TechCrunch

JUNE 30, 2022

Nigeria is its biggest investment market in Africa, with a portfolio of $570 million. But narrowing this to just Africa, the impact investor is looking to mobilize $6 billion into the continent across these five years, Benson Adenuga , the firm’s head of office and coverage director for Nigeria, told TechCrunch in an interview. “We

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Fund Africa Nigeria Kenya 86

TechCrunch

MARCH 11, 2021

According to Ruzane, the company’s CEO, this $5 million (in equity and debt) is a seed extension round, bringing the total investment raised by FlexClub to over $6 million. That was the model FlexClub launched in South Africa, and after raising $1.2 South Africa’s FlexClub raises $1.2M, partners with Uber Mexico.

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South Africa Mexico Africa Music 103

TechCrunch

AUGUST 11, 2022

In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.

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Platform Kenya Tanzania Strategy 82

TechCrunch

SEPTEMBER 14, 2022

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs. Most truck drivers are in the unbanked and underbanked segment in Nigeria. These issues were highlighted by investors when the company returned to the market the following year to raise a $100 million Series B ($50 million in equity and debt each).

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Africa Roles Problem Platform 79

TechCrunch

MARCH 24, 2021

Nigeria remains a largely cash-dominated country. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. We call that the three-phase process.

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Nigeria Raise Offline Phase 145

Fast Company Tech

MARCH 4, 2025

Other hard-hit countries will include Nigeria, Indonesia, the Philippines, Pakistan, Sudan, and Niger. Food shortages Flooding, heat stress, and changing weather patterns will make it harder to grow crops and raise livestock. Low- and middle-income countries would be disproportionately affected. degrees Fahrenheit.

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Life Tips New York City Virgin Islands 136

TechCrunch

JANUARY 25, 2022

Companies are phasing from the first generation of AI, which deals with pattern, text and image recognition, to decision-making AI, which helps them make timely decisions in complex spaces. Beguir and Slim bootstrapped InstaDeep from 2014 to 2018, pumping revenue from clients back into the business acquiring new talent and expanding.

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Google Africa Raise South Africa 98

TechCrunch

OCTOBER 17, 2020

“Compensating talent and raising capital are the (only) two things you can use your startup’s equity for, and you need to do both in order for your company to grow large. Perhaps it’s another sign of a consolidation phase taking hold in the sector, after a Pre-Cambrian explosion of SaaS startups over the last decade?

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Problem Austria Nigeria Public 118

TechCrunch

JANUARY 17, 2023

And as g amers in sub-Saharan Africa increase to more than 180 million in the next five years, per a report, s tartups such as South Africa-based Carry1st are strategically positioning themselves for this successive growth phase in the industry. Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund.

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South Africa Game Africa Raise 104