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One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. In Zimbabwe, for instance, only 30% of the adult population had access to any financial services as of 2014. million in 2016.
This is a gap that Talk360 is looking to bridge as it creates a new payment platform that will integrate all available payment options across Africa. He added that the startup decided to build its own payment platform informed by the need to make payment and checkout easy for its users in Africa.
The accelerator, which has accepted only a handful of African startups, included one from Zimbabwe in this class. When a job is posted on its platform, the company claims that they save the customer the trouble of perusing thousands of freelancers profiles and portfolios. Roger Roman (co-founder). Image Cedits: AfriBlocks.
This year, we fundraised for Grassroot Soccer —an organization that leverages the power of soccer to educate, inspire, and mobilize at-risk youth in developing countries—and exceeded our $60,000 goal and raised a total of $72,000. They are an awesome organization that was founded by two professional “futball” players from Zimbabwe.
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.
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.
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.
Months after the initial close of its seed round, Talk360 , a South African Voice over Internet Protocol (VoIP) startup, has raised an additional $3 million, bringing the total investment raised in the round to $7 million. South Africa’s Talk360 raises $4M to build single payment platform for Africa. seed funding.
Singapore-based Thunes , a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. Thunes raises $60 million for cross-border payments in emerging markets. When Insight approached Thunes, it was not planning to raise more funding.
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
Just last year a team of data scientists under Zindi used machine learning to improve air quality monitoring in Kampala as another group helped Zimnat, an insurance company in Zimbabwe predict customer behavior — especially on who was likely to leave and the possible interventions that would make them stay.
Build a school in Zimbabwe. Or better yet, add a video – campaigns with a personal video raise over 2x more than those without videos ! If you’re trying to raise $10,000, $500 is a large check. Chances are, once you go through these three steps, you could have 50% of your goal already raised.
The company has two revenue models: First is a SaaS platform that collects, verifies and tracks compliance documents like business licenses and W9 forms for general contractors, developers and property managers. The second model uses the data from the SaaS platform to operate a marketplace that provides insurance solutions.
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