Browsing: Africa
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, in particular, are used more than debit and credit cards combined). This…
Ethiopian plastics recycling startup Kubik receives new funding, plans to license its technology
Kubik, a plastics upgrading startup, has raised a $1.9 million expansion, months after announcing its initial equity investment. The startup’s latest investment is from African Renaissance…
TLcom Capital closes second fund at $154 million to support early-stage startups across Africa
Venture capital activity in Africa has shown resilience over the past six months, with major firms backing startups on the continent to close capital despite the…
African technology The ecosystem, plagued by enormous potential but also plenty of economic, political and social instability, is no stranger to high drama affecting even its…
Pula Raises $20M Series B to Bring Agricultural Insurance to Farmers in Africa, Asia and LatAm
Since 2015, Sellan insurtech based in Kenya, wants to increase access to agricultural insurance by smallholder farmers across emerging markets, protecting them against losses from pests,…
Meta is testing its AI chatbot on WhatsApp, Instagram and Messenger in India and Africa
Meta confirmed to TechCrunch that it is testing Meta AI, its large language model-driven chatbot, with WhatsApp, Instagram and Messenger users in India and parts of…
Verod-Kepple Africa Ventures (VKAV) plans to back 21 growth-stage companies across the continent after closing its first $60 million fund. The pan-African VC hit the milestone…
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we look at some hot fintech startups in Africa, how Mint’s shutdown was Copilot’s win, and why…
Nala started offering remittance services, it is also building a B2B payment platform
Payment company Nala focused on offering a remittance service in 2021, capitalizing on the growing money transfer market in Africa and the demand for reliable and…
Uber leads $100m investment in African mobility fintech Moove as valuation hits $750m
Movementan African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plans to…