TechCrunch

MARCH 7, 2022

Today, the unified payments app is announcing that it has raised $32.8 At the time, the Ghanaian fintech was raising $8 million–a large seed in its own right–and had acquired just a little over 200,000 users with transactions reaching $250 million. African tech took center stage in 2021.

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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. It’s one of the few companies offering such services, including Firstbase.

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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. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.

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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

DECEMBER 1, 2022

We are using the funding to launch more products, go into additional markets, and also double down on our tech and data to effectively produce, reach and market to our audience,” Uncover co-founder and CEO, Sneha Mehta told TechCrunch. The new funding brings the total amount raised by Uncover, since launch in 2020, to $1.225 million.

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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. African tech took center stage in 2021. Image Credits: Stitch.

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TechCrunch

FEBRUARY 15, 2022

But not all developers have these tech giants’ resources. Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global. Predicting the next wave of Southeast Asia tech giants. They became popularized by “super apps” like WeChat, Alibaba and Grab.

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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

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 16, 2021

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. He made this known at the Google for Africa event in October. Collectively , they have raised over $100 million in venture capital. Google sets up $50M fund to invest in African startups.

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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

NOVEMBER 23, 2021

Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. 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.

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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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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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TechCrunch

DECEMBER 8, 2022

Zeraki , a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 We’ve built an extensive distribution channel covering almost half of the high schools in Kenya, and that means we have an opportunity to solve other tech needs that schools have,” said Nyangolo. “We

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TechCrunch

JUNE 9, 2022

His new job was to open a subsidiary for a French open source tech startup and that required hiring developers on the ground. It raised $850,000 seed in October 2020. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia.

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TechCrunch

JUNE 10, 2021

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. Healthforce can leverage its current position to take core tech from Doktor.se

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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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TechCrunch

JANUARY 16, 2023

We’re entering an exclusive partnership, which also means no other tech company will be able to market with Kuscco. The new funding brings the total seed amount raised by the startup to $7 million. Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG.

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TechCrunch

NOVEMBER 29, 2022

Orda , a Nigerian food tech platform that provides a cloud-based restaurant operating system to solve these issues for small, independent restaurants, is announcing that it has secured a $3.4 The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5

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TechCrunch

NOVEMBER 8, 2021

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.

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TechCrunch

JANUARY 6, 2022

Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 One of the earliest in the space, Nigerian B2B e-commerce platform TradeDepot , raised a combined $110 million in debt and equity. JABU shines a light on the Southern Africa region. million financing round.

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TechCrunch

MARCH 7, 2022

Currently, countries across sub-Saharan Africa have 0.23 I think tech is what helps us cover that gap, create more efficiencies, and broaden our reach beyond. Creadev Africa in a statement said, “We are delighted to partner with Rocket Health on its mission to make Healthcare accessible to many people in Sub-Saharan Africa.

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TechCrunch

DECEMBER 8, 2021

For slightly over three years his company, Riverhouse Technology, helped the emerging tech firms in talent sourcing and acquisition. Impact Rooms offers well-rounded solutions for startup problems, from ensuring that they are investor-ready and are matched with the right investors, to raising capital.

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TechCrunch

JANUARY 6, 2022

That’s the drive for South Africa-based health tech startup HealthLeap , which focuses on a global healthcare market starting from the U.S. million pre-seed round led by deep tech investor Fifty Years. The startup provides a clinical assistant for dietitians working in hospitals.

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TechCrunch

AUGUST 4, 2021

South African insurtech platform Naked has raised $11 million in a Naspers-led round. This comes barely two weeks after Naspers, via its early-stage tech investment vehicle Naspers Foundry, invested in another South African insurtech platform, Ctrl, in its $2.3 million Series B round.

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TechCrunch

MARCH 16, 2022

It has been a hot sector for investors, and today’s news shows they aren’t slowing down in backing these startups just yet as Sokowatch , one of the major players in the space, announced that it has raised $125 million in Series B funding. But we’ve been able to do that on our own without raising any kind of separate debt facilities.

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TechCrunch

JUNE 29, 2022

Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. So, we thought this was a much-needed space, not only for kids in Africa but globally. The company raised $2.5

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TechCrunch

MAY 25, 2022

It’s also worth noting that this deal closed before Tiger Global’s reported $17 billion loss during this year’s tech sell-off. In January, the company had over 6,000 merchants using its platform across Namibia, South Africa and Zambia. Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir.

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TechCrunch

JANUARY 4, 2022

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of how much the startup scene has transformed over the last few years.

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TechCrunch

MARCH 10, 2022

The API-based tool, dubbed Grow, has so far been integrated with 22 tech entities across Africa including Topship, Barter by Flutterwave, Float, Fingo and Payhippo, enabling them to either bundle their main products with insurance packages or offer insurance as a standalone service. without the outsized market of South Africa.

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TechCrunch

JANUARY 27, 2022

NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. In that time, NALA built a mobile money service in East Africa and scaled it to more than 250,000 users. “We and the E.U., country, probably France.”.

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TechCrunch

APRIL 6, 2022

To date, Qureos has attracted over 25,000 trainees, 200 mentors from big-tech companies like Google, Cisco and Amazon, and 300 business partners that are using its platform to complete tasks. ” Meaningful Gigs raises $6M seed to link designers in Africa with remote jobs from US companies.

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TechCrunch

APRIL 29, 2021

It also has operations in South Africa, where it was originally founded. It looks like the company had raised about $30 million before this latest round, according to PitchBook data. RapidSOS raises $85M for a big data platform aimed at emergency responders. That works out to about 10% of all 911 centers in the U.S.

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TechCrunch

OCTOBER 27, 2021

But a more impressive fact: Union54 seems to be its first bet outside Nigeria or South Africa, two of Africa’s four most dominant tech ecosystems, including Kenya and Egypt. Tiger Global had invested in Nigerian startups Jobberman, Cheki and Wakanow, and South African e-commerce company Takealot this past decade.

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TechCrunch

JANUARY 19, 2022

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). The company’s online marketplace is noticing even faster growth, said Robbin-Coker, especially among users in South Africa and Nigeria.

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TechCrunch

FEBRUARY 2, 2022

The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar. Per a McKinsey study in 2018, Africa’s insurance market stood at a 3% penetration rate; with South Africa excluded, it was 1.12%. African tech took center stage in 2021.

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