This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In SouthAfrica, these businesses contribute around one-third of the country’s GDP. Since launching in 2013, South African fintech Yoco has positioned itself as the go-to platform to access offline payments among merchants in the country. Now, that number has quintupled.
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 SouthAfrica and Egypt, there is a newfound surge in demand for such services. El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards.
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. This was the main idea at this time as we saw a huge problem where there was no analytics platform for the offline store or a retargeting mechanism.”.
Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC).
Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 And the platforms for producing these report forms were offline computer-based platforms. SouthAfrica’s edtech FoondaMate eyes speedy takeoff after $2M funding.
The investment, which comes 11 months after uLesson raised a $7.5 The platform is available in other markets, such as SouthAfrica, Sierra Leone, the UK, Liberia, Gambia and the US, but Shagaya said uLesson has spread in these countries via word of mouth. In August, uLesson introduced offline centers.
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 With limited access to technology, these restaurants typically resort to using offline methods, including pen and paper, for things like manual reconciliation and inventory management.
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., country, probably France.”.
The startup has expanded beyond Nigeria and claims that merchants from the West African country, as well as Kenya, SouthAfrica, 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.
Africa is the world’s third fastest-growing crypto market, with crypto adoption increasing by more than 1,200% over the last two years. Countries such as Nigeria, Kenya and SouthAfrica are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth.
It raised $850,000 seed in October 2020. The startup hopes that the Series A funding will drive its presence in 12 countries, including SouthAfrica, Kenya, Ghana and Saudi Arabia. In Africa, a few of them include unicorn Andela , AltSchool , Gebeya, Decagon , Semicolon and others. GOMYCODE utilizes the latter.
Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. So, we thought this was a much-needed space, not only for kids in Africa but globally. The company raised $2.5
Jambo , a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding.
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.
Most of these businesses operated offline until a few years ago when startups brought about digitization by providing infrastructure and a gamut of e-commerce and financial services. The company confirmed to TechCrunch that it has raised a $6 million bridge round led by pan-African VC firm CRE Ventures.
While big restaurants and restaurant chains are often capable of setting their management systems or using well-known point-of-sale providers, thousands of smaller restaurants in Africa rely on offline methods such as pen and paper to produce receipts and make reconciliations. Currently , Orda charges restaurants between $5 (~?2,500)
Qwili , a startup that provides a hybrid sales product to micro and small merchants in SouthAfrica, has raised $1.2 And third, the providers of value-added services have facilitated access to a previously offline market. million in seed funding a year after closing an undisclosed pre-seed round.
Cloudy day : Google’s first cloud region in Africa launched in SouthAfrica. hospital chain CommonSpirit Health, causing it to take some of its information technology systems offline, Carly reports. Haje is enjoying a well-deserved day off, but I’m here to dive into some news with you. The TechCrunch Top 3. Big Tech Inc.
” The $90 million funding raised is a combination of debt and equity, $45 million each. With a similarity to the offline grid, Infinity connects to all the loads in a residence or business place and controls them digitally while providing data and analytics in the process. Outside Africa, the company is also present in the U.S.,
In 2017, Cars45 raised $5 million from Frontier Car Group (FCG) , the Berlin-based company that builds used-car marketplaces focusing on emerging markets. With today’s news, it seems OLX Group might have washed its hands of most of its businesses in African markets, except SouthAfrica.
Yesterday, I spent most of the day offline at the Wisdom 2.0 ” He started off with a great story about what a tribe in SouthAfrica does when someone in their community does something bad. How do you practice wisdom to keep your online/offline work and life balanced? Twitter Photo by Jennifer Barr @rjenbarr.
Say good bye to "online fundraising" and "offline fundraising," there is only fundraising. Eric has an MBA from the Carey School of Business at Johns Hopkins University, an MA in Government and International Studies from the University of South Carolina and a BS in Political Science from the University of Wyoming.
The webinar will also dive into the major barriers to multichannel marketing, such as organizational structure, separate online and offline budgets, and lack of data integration. See case studies and data on what’s working and what’s not.
Not For Sale operates in Peru, the Netherlands, India, SouthAfrica, and Romania. They also work with celebrity speakers, volunteers, and a large online community to raise awareness and support action to end human trafficking. Not For Sale wants to empower people to engage with their own online and offline communities.
ULesson , an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 It opens up the world for us to do all kinds of really amazing things we’ve wanted to do in the world of edtech that you can’t do in a strictly offline sense,” the founder added.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content