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Senegal’s logistics tech startup Chargel raises $2.5M seed funding

TechCrunch

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. And that is how their logistics tech startup, Chargel , was born. “We This year we are opening up the platform to more shippers in Senegal.

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Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June

TechCrunch

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. The company, which operated a stealth launch two years prior in Senegal, has since raised over $290 million in equity and debt capital funding to date. Germany, Nigeria and the U.K.

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Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

TechCrunch

PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region. Today the company is announcing that it has raised a $4.5

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. Wave , a U.S. ” Going up against incumbents.

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

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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Reports say African startups raised record-smashing $4.3B to $5B in 2021

TechCrunch

Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. African tech took center stage in 2021. Other sectors include health tech (8%), logistics (7%), education (5%) and clean tech (5%). Senegal took the fifth spot with $353 million, while Ghana was sixth ($167 million).

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Kenya’s HotelOnline acquires hospitality software company HotelPlus

TechCrunch

Trond Riiber Knudsen of the TRK Group, an Oslo-based venture capital firm and an investor in HotelOnline, said in a statement, “A deal like this helps build a strong African travel-tech player, with a local and continental foothold. SoftBank-backed travel tech startup Yanolja acquires Korean e-commerce company Interpark .