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Nyoni, who was similarly born in Zambia but raised in Britain, strikes this visual and tonal balance with an expert hand right from her opening scenes, which follow the surprising discovery of a dead body on an isolated road.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Union54 hopes to create a homegrown alternative to Mastercard or Visa. ARC2022 is coming soon with plenty of announcements.
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.
A far cry from Nigeria and South Africa’s bubbling tech ecosystem, Zambia has a relatively quiet startup and venture capital scene; therefore, Tiger Global’s participation in Union54’s seed round is a massive win for the southern African nation. Mlambo touts Zambia as a solid place to carry out business.
Sudo Africa , a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Union54, despite being based in Zambia, has customers across Africa. million in pre-seed funding.
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.
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.
The startup has now set out to activate more mutti pharmacies to widen its reach and to build out its tech-infrastructure as it readies itself for the next phase of growth after raising $35 million in Series D round. mPharma is also present in Gabon where it has a contract with the government to build a drug supply chain infrastructure.
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.
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. million financing round. JABU shines a light on the Southern Africa region.
The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year).
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. With JABU, merchants can order, stock and pay for their products via Jwallet and expect same-day delivery, the YC-backed company said.
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.
More and more of my time is spent around both raising money and raising awareness of how much more could be done with technology to increase social impact. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation.
In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. This represents nearly four-fold growth over a year ago when its portfolio raised $6 million (and just $3 million in 2018). Though, just eight of those companies got investments.
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.
Tom Iselin will show you how to increase your likability and “memorability” among donors that will deepen relationships, help you raise more money, and create greater donor loyalty. We got five excellent tactics for you that’ll help you raise more money, and improve your donor relationships through personal branding.
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. We conduct company evaluations through investor-readiness support and offer introductions to relevant service partners, and then support with capital raising.”.
Already, CBDCs are taking off in Africa, with Zambia and Kenya being the latest countries to test their viability. Last year, Nigeria became the first country in Africa to introduce its digital currency (E-naira) while Ghana is said to be in the final stages of launching E-cedi.
The company, which only launched last week from stealth, raised a pre-seed in September from Global Founders Capital, Goodwater Capital and some football players, including Blaise Matuidi.
The big data company has provided its software to partners and governments in Ethiopia, Rwanda, South Africa, Zambia, Brazil, Vietnam, Mozambique and Pakistan. Zenysis — which raised a $2.8 But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome. million seed in 2016 and a $5.8
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year. This financing welcomed participation from fintech giant Visa, Y Combinator, U.S.-based
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.”
” The $90 million funding raised is a combination of debt and equity, $45 million each. million users and over 300,000 homes and businesses use Zola products across multiple African countries — Ivory Coast, Ghana, Namibia, DRC, South Africa, Zambia and Nigeria. ” More than 1.5 Brazil, Pakistan, and the Philippines.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
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.
It remains one of the well-funded startups across Africa, raising over $50 million since inception, including a Series C round of $17 million, led by the CDC Group, the U.K.’s Ghana, Nigeria, Kenya, Zambia, Malawi and Rwanda are the other markets the tech startup has operations in. s development finance institution, last year.
Together with partners like Salesforce, over the past 16 years (RED) has raised over $700 million dollars for global health, and (RED)-funded grants have impacted over 245 million people. In 2006, (RED) was launched by Bono and Bobby Shriver to drive private sector funding to the AIDS fight and generate much-needed awareness.
The Frozen PeaFund , a social media campaign to raise money for breast cancer research, is seeking some advice about becoming a nonprofit organization. A Small Change-Fundraising Blog : A blog to answer questions from nonprofits about fundraising Brenda Zulu from Zambia, a journalist who covers ICT and Development issues.
Zambian fintech startup Union54 raised a $12 million seed extension , led by Tiger, that caught our eye. The Beanstalk exploit was bad news this weekend , but my hunch is that so long as votes are tied to economic might, many neat ideas in crypto-land will remain open to exploit.
He ended up running for about 1,500 miles all the way to Zambia, arriving with nothing but the clothes on his back, about 90 pounds, and showing up at a refugee camp where he knew nobody. His idea is that he wants to recreate, in reverse, the walk that he made from Sudan all the way through Congo and into Zambia. He ran into Congo.
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.
By the end of the one-year venture building program, the startups should have launched a product, onboarded, and had repeat customers, have a defined revenue model, and have raised or are in the process of closing seed funding. “We So, we have a short program to help them raise,” said Kamara. Image Credits: Adanian Labs.
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