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Francophone African super app Gozem grabs $5M to expand and offer more services

TechCrunch

Gozem , a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. The startup kicked off operations in Togo in 2018 as a motorcycle ride-hailing service.

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

TechCrunch

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso. The continent is also home to more than 1.2

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Nigerian digital bank Yep! raises $1.5M pre-seed for its ‘financial super app’ play

TechCrunch

It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches. ” In Nigeria, over 42 million adults who live in rural areas lack basic banking services. .” The founders built Yep!’s

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Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

TechCrunch

Autochek said it will tap CoinAfrique’s regional customer base in Francophone Africa to accelerate its car financing services. Already, Autochek has rolled out its operations in Ivory Coast and Senegal following the acquisition, with more markets set to be activated, including Benin and Togo, as the auto marketplace expands.

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4DX Ventures and Flutterwave back Francophone Africa’s CinetPay in $2.4M round

TechCrunch

.” The Ivorian startup acts as an online and point-of-sale payment solution for merchants to process payment from more than 130 different payment operators — mobile-money, bank cards, wallets — in nine French-speaking African countries: Ivory Coast, Senegal, Cameroon, Mali, Burkina Faso, Togo, Congo, Guinea and Benin.

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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

WaystoCap took its cross-border services to Ivory Coast and Togo, and at some point, was processing over $3 million worth of transactions per quarter. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco.

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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

TechCrunch

In 2019, West Africa reported the most live mobile money services in any region, with 56 million active accounts. But they can now access more services, for example, the startup’s prepaid card — issued by Mastercard — for corporate expense management. Our sense or strategy with the cards is to provide a full range of service.

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