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Ramani , a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, plans to introduce new financial services as it expands its operations in the East African country after raising $32 million in Series A debt-equity funding. Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa.
The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. M-KOPA’s total equity raise stands at $190 million. The company’s geographical reach has also changed shape.
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. million in an oversubscribed seed round.
Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds. Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman. Today, the seven-year-old company is announcing a $50 million Series C round to scale its efforts in the East African nation and other neighbouring countries.
People donate to a shared cause in honor of that for which they are most grateful Funds raised will go to support the work of Mama Lucy Kampton ( @MamaLucy ), a ChangeMaker who has transformed her community in Arusha, Tanzania through her school Shepherd’s Junior. Learn more and show your gratitude! Get Involved.
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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U., and the U.K.
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.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . They include Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique. million farmers.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year.
Badili , a Kenya-based smartphone re-commerce startup, has raised $2.1 Buoyed by the new funding, Badili plans to explore new growth opportunities in West Africa, where it hopes to tap an increasing demand for affordable second-hand smartphones, even as it scales its operations in Kenya, Uganda and Tanzania. “We
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.
On mothers day 2010 they set out to raise money for Mama Lucy - a change maker who’s dedicated her life to helping kids in Arusha, Tanzania. The folks at Epic Change continue to do great things using the web as their medium. We can learn some things from this online fundraising project.
Finclusion Group , a fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products, has raised $20 million in debt and equity pre-Series A financing. It follows the $20 million debt facility supplied by emerging markets debt provider Lendable last September.
In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. Kenyan tech-enabled logistics platform Amitruck raises $4 million, embarks on Uganda, Tanzania expansion.
Make sure to watch the brief video to see how EpicChange has impacted the lives of many children in Arusha, Tanzania using tools like Twitter, YouTube and Facebook to raise money, connect people with a cause and tell their story.
When I was in Tanzania I had a medical need and I was definitely not going to go to a doctor in Tanzania, and I couldn’t reach any doctor online, not even in the U.S., This round brings the total raised by 1Doc3 to $5 million. Like many startups, the jolt to found 1Doc3 came from a personal experience faced by the founder. .
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.
Avi is just back from Tanzania where he and other Epic Change team members were working with the students in the classroom built with last year’s TweetsGiving proceeds. We just spent three weeks at Shepherd’s Junior near Arusha, Tanzania setting up a technology lab and wireless internet at the school. Where do the funds go?
Avi is just back from Tanzania where he and other Epic Change team members were working with the students in the classroom built with last year’s TweetsGiving proceeds. We just spent three weeks at Shepherd’s Junior near Arusha, Tanzania setting up a technology lab and wireless internet at the school. Where do the funds go?
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
In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.
This year, TMWL is raising funds that will support the work of 4 passionate women who truly believe that everyone has something to give: “ Mama Lucy &# Kamptoni sold chickens in her Tanzanian village & turned her income into a primary school that now serves over 400 children.
MarketForce , the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. This latest round (equal amount of debt and equity) brings the total funds raised by MarketForce to date to $42.5
The fundraiser's goal to is to raise money for one amazing Mama who dreams of building a home for children in her village in Africa. The money raised from this fundraiser will help build a boarding facility on campus so that every child who attends her school has a place to call home. Here's how it works. I love the design.
In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. The distribution business is essentially its embedded insurance product Grow.
Crowdfunding in general has raised more than 5.1 She is trying to raise money by selling one of her horses and crowdfunding money to help with her legal fees. Raising Money To Fight Food Insecurity. Charlotte, A Young Teen, Helping To Save Horse Farm Through A Kick Starter Campaign.
Last year, this campaign had hundreds of people sharing their love for hundreds of moms, and nearly $20,000 USD was raised to build a home for the TwitterKids of Tanzania and their classmates who attend Mama Lucy Kamptoni’s school in Arusha, Tanzania.
In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. The news comes almost two years since the fintech raised a seed round of $2 million. The fintech has raised a total of $17.5 million to date. Umba has been in operation for about two years now.
The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Born in Rwanda, Umubyeyi moved around Tanzania and Zambia as a child, observing how her parents utilized entrepreneurship to sustain themselves and the communities in which they lived.
The raise makes Shells and Umubyeyi two of the fewer than 250 Black women who’ve raised more than $1 million in venture capital. Born in Rwanda, Umubyeyi moved around Tanzania and Zambia as a child, observing how her parents utilized entrepreneurship to sustain themselves and the communities in which they lived.
Stacey is one who launched the first social media infused gratitude campaign during Thanksgiving back in 2008,successfully raising money for a school project Tanzania. To ensure the school is off the ground & ready to open by the time next term begins in January 2012, we aim to raise $15K more by ThanksGiving Day here in the US.
The company claims to be handling over 10 million transactions on its rails per week, with beta operations in 10 African countries — Cameroon, DRC, Ghana, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia.
“We raised from some angel investors, high net worth individuals, so when we the official fund launched, we rolled these select companies into the fund,” Alliy said. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform. Europe, and Latin America.
This year they hope to spread gratitude further and raise enough to help build an additional classroom, orphanage/boarding facility, cafeteria and library at Epic Change’s partner school in Tanzania, and to finding and funding future Epic Fellows like the school’s founder, Mama Lucy. And there are a lot more ways to participate.
The startup, currently with operations in Nigeria, Tanzania and India (Uttar Pradesh and Bihar), has set an ambitious goal of installing at least 5,000 mini-grids by 2030 and in the process make 1 million connections – half of which will be micro, small and medium-sized enterprises.
In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . MarketForce raises $40 million Series A, introduces BNPL merchant stock financing.
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.
Last November, the African cross-border payments company raised $150 million in a Series C extension round led by Sam Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Since its inception, Chipper Cash has raised over $305 million from investors including Deciens Capital, Ribbit Capital and Bezos Expeditions.
The inspiring Tweetsgiving , developed by Epic Change , raised over $60K over the last three Thanksgiving holidays to build schools in Tanzania. Tweetsgiving, created by Amanda Rose, raised $1.2 million within 14 months for 137 nonprofits.
Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. Reports say African startups raised record-smashing $4.3B to $5B in 2021. The nine have equity investment needs of between $25,000 and $100,000.
Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 ” Before starting Pngme, an open finance startup that has raised over $18 million in VC funding, Playford actively worked in the blockchain and crypto space for almost a decade.
Raising money on Twitter is happening all the time. Beth Kanter stood on stage at Gnomedex and used Twitter to help raise $2,657 in 90 minutes. Last November, Tweetsgiving used Twitter to raise over $10,000 in 48 hours for a school in Tanzania.
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