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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. In Zimbabwe, for instance, only 30% of the adult population had access to any financial services as of 2014. million in 2016.

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Construction insurance company Billy raises additional $2.5 million

TechCrunch

Last year, Black founders raised just 1% of all venture capital funding, a slight dip from the record 1.3% Born in Zimbabwe, he was a childhood pen pal of the late Michael Tyler Fisher , a member of the billionaire Fisher Family real estate dynasty. ” Construction insurance company Billy raises additional $2.5

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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. 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

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South Africa’s Talk360 raises $4M to build single payment platform for Africa

TechCrunch

South Africa, Zimbabwe and Bangladesh are some of the markets where the calling app is widely used. 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.

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Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa

TechCrunch

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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This pan-African freelance platform is the first Zimbabwean startup backed by Techstars

TechCrunch

The accelerator, which has accepted only a handful of African startups, included one from Zimbabwe in this class. Before AfriBlocks, Choto, who grew up in Zimbabwe, served as a product manager at BillMari, a pan-African remittance service leveraging bitcoin technology.

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

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.