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We realized that there were so many inefficiencies, and that the logistics sector in Senegal was so fragmented, but we felt that technology could help. In its next phase of growth, it is opening up its platform to more clients, as it had limited access to 10 companies. And that is how their logistics tech startup, Chargel , was born.
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. “From telling us to set up takes days. Here’s a use case on how it works.
PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. Today the company is announcing that it has raised a $4.5 Merchants can also schedule deliveries on the platform.
B2B retail and e-commerce platforms have primarily tried to fix these inefficient supply chains over the last couple of years and have received substantial investor backing since the pandemic. However, the recent entry into Ivory Coast and Senegal somewhat forced its hand. Sokowatch started as this kind of backend brand.
To that end, Ejara , a one-year-old company founded by Nelly Chatue-Diop, has raised $2 million to pioneer the usage of crypto and investment services in the region. There are users, moms in particular, that use the platform to invest in their kids’ college education. CoinShares Ventures and Anthemis Group led the round.
Appzone platforms are used by 18 commercial banks and more than 450 microfinance banks in Africa. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Four years later, it raised $2.5 But overall , the company says it has raised $15 million in equity funding.
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.
Ejara , a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets, has raised $8 million in Series A investment. . As a result, users on the platform have grown in multiples over the last 14 months.
Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. In 2020, Wave officially spun off from Sendwave, a remittance platform that WorldRemit acquired for about $500 million in cash and stock. Germany, Nigeria and the U.K.
and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. ” In 2018, the product was piloted as Wave in Senegal but it was still within the Sendwave ecosystem. In June, the telecom operator stopped users in Senegal from purchasing Orange airtime via Wave’s mobile application.
Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. With companies like TradeDepot, MaxAB and Sokowatch bringing shops online in other African markets, the couple launched a similar platform in Morocco.
It raised $850,000 seed in October 2020. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Students on the platform go through two types of programs. The edtech platform has grown from 100 students in its first year to around 4,000 active students today.
Flutterwave hopes to roll out this service to individual merchants on the platform as well. . So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payments systems in the world on our platform.” This is a pain point for these businesses, particularly in Nigeria.
An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. Both platforms are largely focused on addressing the unique challenges accompanying mobile money, while the others drive innovation around bank and card payments. How big is mobile money in Africa?
These challenges befall millions of micro-retailers across the continent, and Betastore , a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. Betastore has to date raised $3 million in funding. MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.
Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.
We see many opportunities to unlock value for users across all the categories on our platform and to expand into new countries, and we are looking forward to leveraging Autochek’s market leading loans product and expertise to deliver more transformative experiences for our users,” said Papet in a statement. “We TLcom and 4DX drive $13.1M
Gozem , a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. It follows the $7 million raised in previous seed rounds via three tranches from investors such as U.S.
The company, which facilitates B2B payments for businesses in Francophone West Africa, mainly via mobile money channels, has raised a total of $7 million in the financing round. . Ivorian fintech Julaya raises $2M to digitize business payments in Francophone Africa. It was meaningful for Édouard Mendy because he’s Senegalese.”.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. With a presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda — Helium Health has signed more than 500 healthcare facilities. Helium Health.
Don’t worry, this is a Primo tool : Also by Romain , French startup Primo raised $3.4 raised $20 million to scale robot deliveries for pilot customers, reports Brian. From hospitality to fleet management : Two brothers in Senegal are putting their hospitality management skills to work helping trucking companies with their logistics.
But the company, which was founded in 2016, has raised $2.4 The platform then generates an abstracted health score supposedly devoid of sensitive medical details, which insurers can use for risk management and underwriting. Rosetta’s AI algorithm “sees” which attributes (e.g., Image Credits: Rosetta.ai.
He acknowledged that Nestcoin held assets, which the Financial Times pegs at $4 million, in the bankrupt crypto exchange platform FTX to manage operational expenses. Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings.
By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We So, we have a short program to help them raise,” said Kamara. AI and Blockchain.
Swizerland, India, Nigeria, Senegal and other geographies. There’s Anchor, a remote banking-as-a-service platform that has already raised over $1 million for its platform, Bridgecard , a card issuer for Nigeria, and erad , a non-dilutive funding platform for Middle East startups.
Online crowdfunding platforms , like Kickstarter and Indiegogo are getting serious traction. Money raised on crowdfunding sites is estimated to be 91 percent higher than 2011. Greater Self-Sufficiency in African Due to ICT for Development.
Julia Campbell will provide a framework for evaluating the best platforms for your unique organization, as well as ideas for creating great social media content your audience will love. Peace Corps in Senegal in West Africa. And it’s a huge driver of online fundraising, and also just awareness raising. Julia: Yes.
In Africa, the program provided air quality data for over a dozen countries including Senegal, Nigeria, Chad, and Madagascar. air quality monitors propelled nations to start their own air quality research and raised awareness, Krishna said. Some of those countries depend almost entirely on the U.S. embassy monitoring data.
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