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South African payments startup Yoco raises $83M Series C backed by Dragoneer

TechCrunch

In South Africa, 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. “We want to offer whatever payment methods our merchants need. .

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African edtech startup uLesson lands a $7.5 million Series A

TechCrunch

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. With fresh demand, Shagaya sees uLesson evolving into a live, online platform instead of an offline, asynchronous content play.

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Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

TechCrunch

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. But there’s a little twist to Sympl’s offerings which the founders made in a bid to localize its product for the Egyptian market.

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Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

TechCrunch

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. And also, we see a huge potential in the offline market. Our strategy in capturing offline markets is also key.”

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Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

TechCrunch

His time as an employee opened his eyes to the opportunity of helping offline stores retarget and retain their customers online while finding new ones to shop at their stores offline. “If Fergany also said Convertedin is eyeing South Africa and India too. “We If you walk into IKEA and they take your phone number down.

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TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa

TechCrunch

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. A large majority of small and medium-sized businesses in Nigeria and across Africa are offline. TradeDepot , a Nigeria- and U.S.-based

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Rensource-spinoff Sabi closes $6M bridge round, expands B2B retail platform outside Nigeria

TechCrunch

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. Sabi is an attempt at platforming the informal sector and African trade via various online and offline channels.

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