TechCrunch

DECEMBER 16, 2021

Collectively , they have raised over $100 million in venture capital. Now, it offers rides, parcel delivery, food and shop, payments, savings and other financial services to over 1 million customers in Uganda and its second market, Nigeria. The motorcycle ride-hailing wars in Nigeria and Uganda are SafeBoda’s to lose.

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TechCrunch

NOVEMBER 23, 2022

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.

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TechCrunch

FEBRUARY 1, 2022

AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. These applications came from 19 countries (including 14 African countries) and Yusuf said the company received the most entries from Nigeria, Ghana, Uganda, Kenya and Botswana. .

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TechCrunch

JANUARY 25, 2021

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.

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Amy Sample Ward

JANUARY 26, 2011

A few years ago, Jeff and I went on a pro bono IT consulting project to Uganda to serve a Action for Children, an NGO that fights poverty by preserving families and delivering micro-finance. Long story short, Jeff built a prototype fundraising platform, and we were able to raise more than enough funds to go. Support Center.

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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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U.,

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TechCrunch

FEBRUARY 13, 2023

The company, which was founded in Kenya seven years ago, plans to first scale in Kenya and Uganda, before exploring other markets backed by a $1.3 The company, which was founded in Kenya seven years ago, plans to first scale in Kenya and Uganda, before exploring other markets backed by a $1.3 BuuPass raises $1.3M

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TechCrunch

DECEMBER 1, 2022

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

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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

SEPTEMBER 2, 2022

The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem over the past few months, especially among startups that have raised vast sums of venture capital within the last year or two; for instance, Swvl laid off 400; Wave , approximately 300; 54gene , 95; and Vezeeta , 50.

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TechCrunch

OCTOBER 8, 2021

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Solarisbank raises $224M at a $1.65B valuation to acquire Contis, expand API-based embedded banking tech in Europe. Productfy Inc. , billion valuation.

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TechCrunch

MARCH 30, 2023

Impact investor Goodwell Investments and Oxfam Novib , a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia.

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TechCrunch

JANUARY 18, 2022

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.

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TechCrunch

FEBRUARY 21, 2022

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

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TechCrunch

NOVEMBER 22, 2022

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.

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TechCrunch

AUGUST 30, 2022

The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets.

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TechCrunch

APRIL 20, 2023

seed funding by Annie Njanja originally published on TechCrunch

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Senegal Tech Fund Raise 97

TechCrunch

FEBRUARY 21, 2022

Jambo , a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. million in seed funding.

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TechCrunch

MARCH 22, 2021

Today, another YC-backed startup, Afriex — but from the Summer 2020 batch — is raising a $1.2 But having started operations in Ghana, Kenya and Uganda, Afriex claims to be processing millions of dollars each month. Just yesterday, we talked about Flux , a Nigerian fintech solving this problem in the present YC W2021 batch.

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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. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. In May, it expanded to the U.K.,

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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 Zeraki is also looking to enter 10 new markets over the next three years, after scaling in Kenya, Uganda and Guinea, where it currently operates. “We’re Image Credits: Zeraki.

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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

AUGUST 29, 2022

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.

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TechCrunch

FEBRUARY 14, 2023

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.

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TechCrunch

MARCH 31, 2021

million raised in November 2020 and led by Toyota Tsusho investment fund Mobility 54. Its core product is for motorcycle riders in Kenya and Uganda, with a lease-to-own or hire-purchase package. Talking about clients, Tugende currently has more than 43,000 across Kenya and Uganda. million in a Series A extension round.

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TechCrunch

JUNE 22, 2022

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. The report says 36% of all-time funding reported by the health supply chain startups it profiled was raised in the last 12 months. So we wouldn’t expect them to be raising large sums just yet.

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TechCrunch

APRIL 27, 2022

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.

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TechCrunch

APRIL 13, 2022

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.

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TechCrunch

JANUARY 6, 2022

The firm raised an $11 million funding round last June. Kenya, Nigeria, Uganda and the Philippines are the countries with the highest volume of loans through the protocol. Other backers include Coinbase Ventures, SV Angel, Blocktower, Bill Ackman and Heli-cap.

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TechCrunch

SEPTEMBER 15, 2022

Driven by a viable business model, the startup, which also has operations in Uganda and Nigeria, has entered its growth phase and is eyeing more partnerships in a bid to drive mass market insurance adoption in Africa. Kenyan insurtech Lami raises $3.7M seed extension led by Harlem Capital.

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TechCrunch

DECEMBER 6, 2022

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.

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TechCrunch

AUGUST 16, 2022

Lori Systems , an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in which Google participated along with other existing investors. Lori has raised a total of $38.2 Lori has raised a total of $38.2

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TechCrunch

AUGUST 26, 2021

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.

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TechCrunch

DECEMBER 9, 2021

The investment, which comes 11 months after uLesson raised a $7.5 The company uses 180 field sales agents to onboard schools and individual users across Nigeria, Uganda, Kenya and Ghana , the countries receiving the most marketing attention from uLesson. It is the largest disclosed investment in an African edtech startup. “Our

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TechCrunch

NOVEMBER 10, 2021

The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. That’s the grand mission of the company.”

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TechCrunch

AUGUST 2, 2022

million seed extension raised in a round led by Harlem Capital — which invests in minority and women founders. million seed funding the insurtech raised last year. All this against the backdrop of a $3.7 Insurtech, on the heels of a fintech boom, heats up in Africa. The latest funding adds to the $1.8

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TechCrunch

MARCH 15, 2022

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 4G Capital offers short-term loans to micro-businesses in Kenya and Uganda, who are often locked out by formal banking institutions. 6 African women CEOs discuss how they raised more than $1M in 2021.

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