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Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. The continent is also home to more than 1.2
It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches. a “financial super app” with payments, remittance and banking features, is announcing that it has raised $1.5 The founders built Yep!’s
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent , to the tune of $40 million. The company subsequently raised a $3 million seed round. MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion.
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. . In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts.
Armed with a new financing model and purpose-built small solar-powered generators and water pumps, Nichols and Ibrahim have already built a network of customers using their equipment to increase incomes by anywhere from five to 10 times their previous levels by growing higher-value cash crops, cultivating more land and raising more livestock.
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. In total, the multi-vertical application has raised over $12 million.
Autochek said it will tap CoinAfrique’s regional customer base in Francophone Africa to accelerate its car financing services. Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands.
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