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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.
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.
PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. The platform caters to small to large businesses, assisting them with their logistics needs, from storage and international transport to last-mile delivery.
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.
As the number of those connected to the internet grows, and shoppers increasingly opt to buy goods online, e-commerce platforms are set to experience a spike in the number of orders made and the value of goods bought — as happened recently with Jumia.
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.
We aggregate that knowledge and provide one platform that ensures you don’t have to worry too much about trust,” the CEO added. According to Norebase, companies that use its platform can be incorporated in any African country within “a few minutes” and expand to new locations in a week.
However, unlike most crypto platforms in Africa that provide custodial wallets to users, Ejara offered customers the option of non-custodial wallets so they could own and store their keys. As a result, users on the platform have grown in multiples over the last 14 months.
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. We plan to enter new markets before the end of the year and to expand to 100 cities across Nigeria, Ivory Coast and Senegal.
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.
. “The built-in transparency and security of the blockchain combined with the popularity of mobile banking in Africa made it clear to me that a blockchain-based mobile investment platform was the key to expanding financial inclusion,” said the CEO. ” .
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
It helps its clients to deploy booking engines and gain prominence on distribution channels like Booking.com, in addition to equipping them with the capacity to manage operations on their own platforms using cloud-based digital tools including property management systems. It offers management services to property owners too.
While the platform has added depth in some markets with more advanced fintech regions, such as Nigeria, Kenya and South Africa, where it can query against government databases, such depth is lacking in other markets, including Francophone Africa. We have product depth in Nigeria already.
.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.
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.
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.
It’s why Julaya launched its services in the west African country and has since expanded into Senegal, where mobile market penetration is around 80% as well as other countries in the UEMOA (West African Economic and Monetary Union) region, which also have prevalent mobile money usage. .
As the pandemic hit, the platform halted its geographic expansion moves and went vertical. And when we do this, we increase their disposable income by sending them more passengers, more delivery trips by adding more merchants on our platform and finding companies that want to use delivery services.
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.
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. “The focus was to leverage our ability as an enabler to create proprietary technology for both segments.”
They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. Pula co-founders and Co-CEOs (Rose Goslinga and Thomas Njeru). million farmers.
With companies like TradeDepot, MaxAB and Sokowatch bringing shops online in other African markets, the couple launched a similar platform in Morocco. The platform provides credit and bookkeeping services to about 40,000 merchants and now serves as Chari’s strategy to provide payment facilities.
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?
That means if SIV II makes an investment in an IDA country like Senegal and the company doesn’t do well, a portion of the investment will be covered through the structure. During their time in the Value Creation Platform, companies can perform experiments to see what growth strategies are best for them.
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.
From hospitality to fleet management : Two brothers in Senegal are putting their hospitality management skills to work helping trucking companies with their logistics. And now here’s five more for you: Explicit content ahead : Imgur will ban explicit images on its platform, Ivan reports. A Robust view of robotics : Robust.AI
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.
And that’s what we’re building on our platform,” Dufay said in an interview with TechCrunch. “As These early signs of success can be seen in markets like Senegal and Ghana, where the electronics and phones categories grew the fastest in GMV in Q2 2023. People want cheaper products and better deals.
The platform then generates an abstracted health score supposedly devoid of sensitive medical details, which insurers can use for risk management and underwriting. On the backend, the platform provides sales analytics to manufacturers, which BetaStore notes can be leveraged to make “data-driven” decisions to scale up shipments.
In the interim, the lab is planning on establishing a presence in Democratic Republic of Congo (DRC), Senegal and Ivory Coast, and considering a franchise model to help it fast track its growth. The eCoBba is a platform co-founded by Kiwia to digitize savings groups, tapping their data to extend their range of financial services.
Online crowdfunding platforms , like Kickstarter and Indiegogo are getting serious traction. #GivingTuesday happened for the first time on the first Tuesday after Thanksgiving this year and generated $10 million in donations - a 53 percent increase from donations received on the same day last year , according to the UN Foundation.
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. Platforms come and go. What are the best platforms? Julia: Yes. Steven: All right, awesome.
In Africa, the program provided air quality data for over a dozen countries including Senegal, Nigeria, Chad, and Madagascar. He said vulnerable people in Pakistan and around the world are particularly at risk as they are the least likely to have access to other reliable data. Some of those countries depend almost entirely on the U.S.
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