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Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

TechCrunch

The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. million farmers.

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Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir

TechCrunch

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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Senegal’s logistics tech startup Chargel raises $2.5M seed funding

TechCrunch

In its next phase of growth, it is opening up its platform to more clients, as it had limited access to 10 companies. Chargel, which came out of stealth last year, matches shippers with transporters, digitizing processes that were previously largely offline. Its exploration of new growth avenues is backed by a $2.5

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Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

TechCrunch

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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MarketForce raises $40 million Series A, introduces BNPL merchant stock financing

TechCrunch

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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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

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. The fintech has raised a total of $17.5 million to date. Umba has been in operation for about two years now.

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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

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 to $5B in 2021. The nine have equity investment needs of between $25,000 and $100,000.

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