Nigerian online-only bank startup Kuda raises $1.6M – gpgmail

[ad_1] Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda […]

DHL expands Africa eShop online retail app to 34 countries – gpgmail

[ad_1] DHL  has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s e-commerce platform to 34 African countries. DHL  href=”https://Gpgmail.com/2019/04/11/dhl-launches-africa-eshop-app-for-global-retailers-to-sell-into-africa/”>went live with the digital retail app in April, bringing more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers. […]

SF based African fintech startup Chipper Cash expands to Nigeria – gpgmail

[ad_1] The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria. The San Francisco based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partnership with PayStack—the payment gateway company. Paystack CEO Shola Akinlade confirmed the collaboration. Chipper Cash will establishe a […]

Goldman backs Kobo360, Rwanda commits to EVs, Interswitch IPO update – gpgmail

[ad_1] Nigerian freight logistics startup Kobo360 raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber-like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to 10 new countries beyond […]

Update on Nigerian fintech firm Interswitch and its speculative IPO – gpgmail

[ad_1] Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story—based on unnamed sources—reporting the financial services firm had hired investment banks to go public on the LSE later in 2019. The piece spurred additional aggregated press. That Interswitch—which […]

What is Andela, the Africa tech talent accelerator? – gpgmail

[ad_1] As someone who covers Africa’s tech scene, I’m frequently asked about Andela. That’s not surprising, given the venture gets more global press (arguably) than any startup in Africa. I’ve found many Silicon Valley investors have heard of Andela but aren’t exactly sure what it does. In a bite, Andela is Series D stage startup―backed […]

African incubator MEST has a new MD and 11 fresh startup investments – gpgmail

[ad_1] Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a graduating class is the largest to date for the Accra-based organization — which operates as a training program and seed fund for African innovators to build successful commercial tech […]

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund – gpgmail

[ad_1] Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates […]

Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs – gpgmail

[ad_1] Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber -like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and […]

Y Combinator-backed Trella brings transparency to Egypt’s trucking and shipping industry – gpgmail

[ad_1] Y Combinator has become one of the key ways that startups from emerging markets get the attention of American investors. And arguably no clutch of companies has benefitted more from Y Combinator’s attention than startups from emerging markets tackling the the logistics market. On the heels of the success the accelerator had seen with […]