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Tag: Africa

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Robotic Automations

Financial inclusion drives African fintech M-KOPA to $400M in ARR | TechCrunch

November 28, 2024 3:41 PM0


An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end. The London-headquartered fintech […]

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Software Development in Sri Lanka

Robotic Automations

Socium doubles down on Francophone Africa after $5M seed round | TechCrunch

November 19, 2024 8:44 AM0


Demand for HR-tech solutions in Africa is growing, and Senegal’s Socium is out to tap the opportunity in French-speaking countries on the continent. Socium has since 2021 built HR solutions that target users within the 21 countries of Francophone Africa and plans to continue narrowing its focus on the region, where it is enjoying first-mover […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

African 'gender-equal' VC Janngo Capital closes second fund at $78M | TechCrunch

October 30, 2024 12:21 PM0


Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close of its second fund at €26 million, receiving capital from several limited partners, including the African Development Bank Group (AfDB) […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

Google, DPI backs African fintech Moniepoint in $110M round | TechCrunch

October 29, 2024 2:18 PM0


Google’s Africa Investment Fund is a new investor in African fintech Moniepoint, which just closed $110 million in new financing. The Series C round, which involved an equity sale, per Bloomberg, was led by Development Partners International’s African Development Partners (ADP) III fund. Other investors, including African private equity firm Verod Capital and global impact […]

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Software Development in Sri Lanka

Robotic Automations

African crypto startup Yellow Card raises $33M led by Blockchain Capital to scale its B2B pivot | TechCrunch

October 25, 2024 2:27 AM0


Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific markets or completely shut down due to issues like harsh regulatory environment, macros, or downright mismanagement.  The boost involves Yellow Card, the U.S.-founded crypto platform launched in Nigeria in 2019, which […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

'Where we are today in biology AI is similar to GPT in 2020': An interview with the CEO of Africa's biggest AI startup | TechCrunch

October 22, 2024 3:28 AM0


In January last year, German biotech company BioNTech acquired African AI startup InstaDeep for over $550 million, a deal finalized in July of the same year. InstaDeep, whose exit is currently the largest from Africa, has been operating under the German pharma umbrella for just over a year. Now is a good time to look […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

Kenya fines Baltic fintech Eleving's local arm for misleading customers | TechCrunch

October 19, 2024 1:17 AM0


Kenya’s competition authority has fined Baltic lender Eleving‘s Kenyan subsidiary for misleading its customers, casting a spotlight on the continuing unethical operations of a section of digital lenders in the country despite a new law. The Competition Authority of Kenya (CAK) imposed a fine of $84,120 on Eleving subsidiary Mogo Kenya for violating competition law […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

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