TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Since the company’s Series A raise of $2.5

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TechCrunch

MAY 26, 2021

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years.

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Nigeria Africa Raise Report 135

TechCrunch

DECEMBER 21, 2021

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The company raised $2.4 In South Africa, 1.1 So the Mexican market is six times larger than South Africa.

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TechCrunch

JANUARY 27, 2023

But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Total funding and number of deals Briter Bridges: According to the market intelligence firm, African startups raised $5.4

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TechCrunch

DECEMBER 30, 2021

African startups nearly raised $1.5 As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. It wasn’t a bad year, though. billion and $2.8

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TechCrunch

JANUARY 17, 2022

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. The seed round was a mix of $7 million equity and $10 million debt.

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Africa South Africa Raise Nigeria 145

TechCrunch

MAY 4, 2022

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.

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TechCrunch

FEBRUARY 23, 2021

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. This time, a startup from Africa has joined the party. TymeBank , a South African digital bank, announced today that it has secured an R1.6 “The establishments of digital banks in South Africa is in its infancy.

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TechCrunch

APRIL 18, 2022

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. But in Africa, Visa and Mastercard dominate the market share; for example, in South Africa, the distribution of cardholders with Visa is 51% compared to Mastercard’s 48%.

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TechCrunch

DECEMBER 1, 2022

FirstCheck Africa, Samata Capital, Future Africa, IgniteXL participated in the round, in addition angel investors ex-SokoWatch COO, Kwenhui Tawah, and ex-L’Oreal executive and current WPP Scangroup CEO, Patricia Ithau. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million.

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TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. The pair both act as co-CEOs.

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TechCrunch

FEBRUARY 13, 2022

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. In total, Stitch has raised $27 million to date. Image Credits: Stitch. We just offer payments there but are eager to deepen the products.

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API South Africa Raise Platform 93

TechCrunch

NOVEMBER 1, 2021

Chipper Cash , an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app.

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TechCrunch

JANUARY 28, 2021

With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. However, the selected six startups this year are from Kenya, Nigeria, and South Africa.

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South Africa Nigeria Kenya Africa 116

TechCrunch

AUGUST 17, 2021

Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Pngme’s platform caters to fintechs and other financial institutions across sub-Saharan Africa. Nigerian fintech Okra raises $3.5M

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TechCrunch

DECEMBER 9, 2021

Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services. El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards.

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TechCrunch

JANUARY 12, 2022

SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion.

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Africa Nigeria Raise South Africa 138

TechCrunch

MAY 31, 2022

Talk360’s partnerships with agents like PesaPoint in Kenya and Flash in South Africa, also enables users to purchase airtime vouchers from a network of over 750,000 physical points of sale. South Africa, Zimbabwe and Bangladesh are some of the markets where the calling app is widely used.

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TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. Open finance players in Africa like Mono — mirroring Plaid’s success in the U.S. More than half of the population is either unbanked or underbanked.

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TechCrunch

NOVEMBER 23, 2021

Mobiz , a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. and double down on marketing, sales and account management.

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TechCrunch

FEBRUARY 15, 2022

Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global. The company is now used by 10 super apps across Southeast Asia, India and South Africa, and powers more than 400 mini-app integrations, the majority of which are built by third-party developers.

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Asia South Africa Raise Singapore 98

TechCrunch

FEBRUARY 24, 2021

Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment. Africa’s financial infrastructure space is heating up.

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Africa API South Africa Kenya 117

TechCrunch

FEBRUARY 11, 2021

Knife Capital , a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series B financing. With Knife Fund III called the African Series B Expansion Fund, the firm seeks to directly invest in the aggressive expansion of South African breakout companies. and Europe.

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TechCrunch

NOVEMBER 23, 2021

And the attention on these companies, particularly from venture capitalists, spiralled into this year, with each significant player raising large seed to Series A rounds. OnePipe , a fintech API company with a different play from the lot, joins the list today, raising $3.5 million seed to double down on its embedded finance offering.

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TechCrunch

NOVEMBER 15, 2021

The company has raised $3.4 Kassim said the company is conducting tests with merchants in Nigeria and South Africa and expects to launch both markets in the near future. . But in other markets where there is some currency fluctuation, say, in South Africa, Nomod applies some FX cost. Australia and Asia.

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TechCrunch

MAY 14, 2023

million seed funding it has raised in a round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult. The startup has so far raised $1.7 The startup has so far raised $1.7 Outside Nigeria, Figorr’s solutions are currently used in Ethiopia , Ghana , Kenya , South Africa , Tanzania and Uganda.

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Nigeria Data Raise Kenya 104

TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The news follows the Naspers-led $11 million Series A round that the South African insurtech announced in August 2021.

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TechCrunch

DECEMBER 8, 2022

Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 South Africa’s edtech FoondaMate eyes speedy takeoff after $2M funding. Kenyan edtech startup Craydel raises $1 million to grow its higher education platform.

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Digital Raise Africa Kenya 99

TechCrunch

SEPTEMBER 21, 2022

Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. To bolster its efforts, it has also raised $1.6 That was the year MTN Ghana, a local telecom operator, went public in the West African country after raising about $237 million. “I

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TechCrunch

DECEMBER 9, 2021

The investment, which comes 11 months after uLesson raised a $7.5 The platform is available in other markets, such as South Africa, Sierra Leone, the UK, Liberia, Gambia and the US, but Shagaya said uLesson has spread in these countries via word of mouth. It is the largest disclosed investment in an African edtech startup.

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South Africa Africa Nigeria Sierra Leone 95

TechCrunch

MARCH 29, 2022

Churpy , a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised.

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Africa South Africa Management Egypt 82

TechCrunch

DECEMBER 1, 2022

Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. Smartphone re-commerce startup Badili raises $2.1M Smartphone re-commerce platform Cashify bags $90 million in new funding.

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Fund Kenya Africa Raise 97

TechCrunch

DECEMBER 6, 2021

Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC).

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Africa Nigeria Service Raise 101

TechCrunch

JANUARY 17, 2023

The proptech marketing platform is announcing that it has raised $4.5 With our first adtech business, we never dealt with real estate or property as we could never really service them in this country [South Africa]. And that’s why we’ve just gone through this capital raise to experiment with that essentially.”.

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Social Media South Africa Fund Media 100

TechCrunch

JANUARY 16, 2023

The new funding brings the total seed amount raised by the startup to $7 million. Kwara, which also has a presence in South Africa and the Philippines, has grown its clientele base to 120 from 50 at the end of 2021, maintaining a 100% customer retention — a proof of the value it delivers to its clients.

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Kenya Raise South Africa Philippines 102

TechCrunch

JANUARY 25, 2022

InstaDeep , a Tunis and London-based enterprise AI startup that creates decision-making systems for solving real-world problems, has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB. When InstaDeep launched, Africa wasn’t in the picture detailing AI’s contribution to global economic growth.

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Google Africa Raise South Africa 98

TechCrunch

DECEMBER 15, 2020

“This round was the first time we raised with most of the previous round still in the bank, despite the pressures of COVID,” he said. billion after raising just over $100 million. France, South Africa and Nigeria. “This shows the frugality of the company. billion ($4.3

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