by RJ Shara | May 26, 2021 | Startups
Africa-focused and chinese-backed fintech platform OPay is in speak with raise approximately $400 million, The Info reported today. The fundraising is coming 2 years after OPay revealed 2 financing rounds in 2019 — — $50 million in June and a $120 million Series B in November. The $170 million raised so far originated from mainly […] This year, its parent company Opera reported that OPay’s month-to-month deals grew 4.5 x last year to over$ 2 billion in December. OPay plays in an exceptionally competitive fintech market., fintech is probably the most appealing digital sector in the nation. None of its strategies to expand to South Africa and Kenya (nations it revealed interest in during its Series B) has come to fulfillment. 
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by RJ Shara | Apr 28, 2021 | Startups
Kenyan consumer experience platform for businesses in Africa, Ajua today announced that it has acquired WayaWaya, a Kenya-based AI and ML messaging and payments company. WayaWaya’s customers and partners include the likes of I&M Bank, Interswitch and MTN. The company offers a range of services, from digital banking and payment services to financial services APIs […] …
by RJ Shara | Apr 19, 2021 | Startups
More than a year after the pandemic began, remote work shows no signs of going away. While it has its cons, it stays top of mind for possible employees around the globe prior to signing up with a brand-new company. But while the majority of people in Africa still
go to physical workplaces in spite of the pandemic, a couple of companies have [ …]
That experiment, which the business performed in less than a year, is likewise part of its mission to be a global company. — TechCrunch “src =” https://techcrunch.com/2019/08/29/what-is-andela-the-africa-tech-talent-accelerator/embed/#?secret=igzCbYQurg” data-secret=”igzCbYQurg “width=”800 “height =” 450 “frameborder=”0 “marginwidth =”0″marginheight =”0” scrolling= “no “> Now with its global expansion, its clients can tap into regional proficiency to support international development. GitHub is one company that appears to be benefitting from Andela’s brand-new offerings. In its quest to become an international company, going up versus competitors is inescapable for the seven-year-old company. …
by RJ Shara | Mar 19, 2021 | Startups
Preferably, it is expected of every business to reach its consumers efficiently. That’s not the case as limiting elements that hinder proper digital interaction come into play at different growth stages. Termii, a Nigerian interactions platform-as-a-service startup that resolves this issue for African organizations, revealed today that it has closed a$1.4 million seed round. […]
Positioning itself in the fast-moving space, Termii created an API-based communication infrastructure that caters to over 500 fintech start-ups throughout the continent., Termii runs a B2B2C model. This round is also a big step for Future Africa.
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by RJ Shara | Mar 19, 2021 | Startups
For mid-sized and little dining establishments in Nigeria and most of Africa, food procurement can be a complex process to manage. The system is such that a service can easily lack cash or have substantial cost savings. Since they do not have the [most dining establishments do not have access to deal directly with farms to get better offers …]
In impact, vendors and farmers mark up their rates to alleviate losses, making itemsmore costly for dining establishments and hotels. On the other side of the marketplace is Olumide, who grew up in a hotel and restaurant company. He deals with and runs procurement activities and his experience is crucial to how Vendease deals with issues around undependable and costly supply of food produce. They quickly figured that customers could not track most of their orders and be particular of what they got alongside the supply and expense concerns. …
by RJ Shara | Mar 17, 2021 | Startups
Plentywaka, a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. It will sign up with 9 other startups in the class of 2021 and protected financing from the accelerator as it sets its sights on global expansion. The Lagos-based company, founded by Onyeka Akumah, Johnny Ena, John Shaibu and […] Plentywaka introduced in September 2019, and in the first 2 months, moved an average of 6 people daily, according to CEO Akumah.Backed with the brand-new funding, Plentywaka has actually considering that doubled down on its core offering — transporting individuals through buses. Sharma believes that many cities in Canada aren’t well serviced by buses, leading to a damaged intercity transit facilities. Having gone through the accelerator’s Atlanta program 4 years ago with the agritech startup, Akumah is doing the same with Plentywaka. 
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by RJ Shara | Jun 17, 2020 | Startups
African cross-border fintech startup Chipper Money has closed a $13.8 million Series A financing round led by Deciens Capital and plans to employ 30 brand-new staff globally. The raise caps an event-filled run for the San Francisco-based payments company, established 2 years earlier by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The 2 pertained to America […] The two came to America for academics, satisfied in Iowa while studying at Grinnell College and ventured out to Silicon Valley for stints in huge tech: Facebook for Serunjogi and Flickr and Yahoo! With the round statement, Chipper Cash also exposed a business social duty effort. The Chipper Fund for Black Lives will provide five to 10 grants of $5,000 to $10,000. In Africa, Chipper Cash has positioned itself in the continent’s major digital payments markets. Chipper Cash expanded there in 2019 and deals with competitors from a number of gamers, consisting of regional payments venture Paga….
by RJ Shara | Jun 1, 2020 | Startups
Events in May provided support to the thesis that Africa can incubate tech with global application. Two startups that developed their organisation models on the continent– MallforAfrica and Zipline– were tapped by global interests. DHL acquired a minority stake in Link Commerce, a turn-key e-commerce company that outgrew MallforAfrica.com– a […] The story behind the Novant, Zipline UAV collaboration has a twist: The capabilities for the U.S. operation were established mainly in Africa. Co-founded in 2014 by Americans Keller Rinaudo, Keenan Wyrobek and Will Hetzler, Zipline creates its own UAVs, launch systems and logistics software application for distribution of important medical materials. The company turned to East Africa in 2016, entering a partnership with the federal government of Rwanda to check and release its drone service in that country. …
by RJ Shara | May 4, 2020 | Startups
The economic impacts of COVID-19 might delay Africa’s next huge IPO– that of Nigerian fintech unicorn Interswitch. If so, it would not be the very first time the Lagos-based payments company’s prepare for going public were postponed; the tech world has actually been preparing for Interswitch’s stock market debut since 2016. For the continent’s development ecosystem, there’s a […] TechCrunch reached out to Interswitch on the window for listing, however the business decreased to comment. Interswitch developed the first electronic switch whereby Nigerian monetary institutions might interact and thereby run ATMs and point of sales operations. …
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