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Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 But with the introduction of virtual dollar cards in a few digital banks and fintech platforms, this has become less of an issue. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. A card issuing platform isn’t in the best position to tackle these issues head-on. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. ARC2022 is coming soon with plenty of announcements.
In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M. Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir.
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.
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. million financing round.
Its partners include African unicorn Flutterwave and newer companies such as Payday and Plumter (cross-border fintechs) and crypto exchange platform Bitmama. Mlambo stated that when the company was raising this round, it prioritized speed and looked for a global partner due to the limitations imposed by its primary location in Zambia.
She, alongside Denise Umubyeyi , created Five to Nine to bring the tools needed to run internal events into one platform. The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Last year, less than an estimated 0.5% After moving to the U.S.
She, alongside Denise Umubyeyi , created Five to Nine to bring the tools needed to run internal events into one platform. The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Last year, less than an estimated 0.5% After moving to the U.S.
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. Kenyan tech-enabled logistics platform Amitruck raises $4 million, embarks on Uganda, Tanzania expansion.
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. It is also rolling out an e-commerce platform for pharmaceuticals.
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.
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?
In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. This represents nearly four-fold growth over a year ago when its portfolio raised $6 million (and just $3 million in 2018). Though, just eight of those companies got investments.
JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.
More and more of my time is spent around both raising money and raising awareness of how much more could be done with technology to increase social impact. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation.
It is this missing connection that Emtech , a central bank digital infrastructure provider, is looking to fill through its digital regulatory platform, which aims to fast-track the reach of fintech products to market. In 2022, we have officially launched the digital regulatory platform,” Emtech founder and CEO Carmelle Cadet told TechCrunch.
The trained lawyer did all this while running the Africa Payments Club, a platform that brought together a pool of founders, experts and investors in the tech space to connect and address common business challenges as well as to scout for opportunities in Africa. This in addition to helping 1,000 startups raise funds.
The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. MFS Africa leads $2.3M
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. The platform will go live in Kenya in the next couple of months, said Anuna.
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 They say the platform has been launched in Sudan but declined to give specific numbers of customers actively using the product. million seed round. Our product is live in Sudan.
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. Image Credits: Adanian Labs.
It remains one of the well-funded startups across Africa, raising over $50 million since inception, including a Series C round of $17 million, led by the CDC Group, the U.K.’s Ghana, Nigeria, Kenya, Zambia, Malawi and Rwanda are the other markets the tech startup has operations in. s development finance institution, last year.
By triangulating multiple data sources, Zenysis’s platform assisted the Mozambique government in designing and rolling out a data-driven vaccination campaign to stop the outbreak in its tracks. But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome. Zenysis — which raised a $2.8
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