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Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API

TechCrunch

While working on the problem, they identified the skewed incentives when interacting with card issuers. And they launched Union54 not only to solve that problem for themselves but other fintechs. With Union54, the founders are taking on a pan-African problem, not a Zambian one.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

“What’s more, our interactions with customers and potential customers have shown us that the real problem we are tackling isn’t the ease of issuing cards– rather, it’s much broader than we could have imagined.” Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.

Issue 137
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How Leaders Use Four Workarounds To Tackle Complex Problems

Eric Jacobsen Blog

“Workarounds are effective, versatile, and accessible methods for tackling complex problems,” shares the author of the new book, The Four Workarounds. They are a creative, flexible, imperfection-loving, problem-solving approach. A method that ignores or even challenges conventions on how, and by whom a problem is meant to be solved.”

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

We’re thrilled that today’s rapid changes in technology are opening up tremendous new ways to address the problems they face. The documentation projects of our partners in Uganda, Malawi, Zambia, and Zimbabwe have yielded so far six high-quality publications or reports about violations against LGBTI individuals in their communities.

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Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform

TechCrunch

Aminu Bakori and Kabir Shittu , founders of Sudo Africa, told TechCrunch that the opportunity to build Sudo was due to a problem they faced while attempting to issue cards at their previous startup: a mobile wallet system allowed users to aggregate existing financial institutions into a single platform and perform transactions.

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Sudan’s first YC-backed startup is helping consumers protect and grow their wealth

TechCrunch

Upon carefully studying different models pioneered by digital-first banks such as TymeBank, Kuda, FairMoney, they saw a big gap for building a savings product that helps solve what they think is the biggest problem facing African consumers: inflation and currency devaluation. .

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This YC Summer batch features the largest group of African startups yet

TechCrunch

Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Access to credit is still very much a problem to the millions of small and medium businesses in Nigeria, which make up most of the country’s businesses. Union54 (Zambia).

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