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Ghanaian Fintech Float Raises $17 Million Seed to Power Cash Flow for Commerce in Africa
The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, funding, small business, SMEs, technology
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Nigeria Lost $26 Billion to Twitter Ban, Businesses Say
As a result of the Twitter ban, local Nigerian businesses lost out both on online revenues and on potential sales to mass audiences.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fairplay Closes $35 Million in Equity, Debt to Provide Revenue-Based Financing to Entrepreneurs in Latin America
Mexican revenue-based investment startup Fairplay secured $35 million in Series A funding to invest in the online marketing campaigns of direct-to-consumer e-commerce brands and marketplace sellers in Latin America.
- Categories
- Finance, Technology
- Region
- Latin America
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Tul Raises $181 Million in Series B Funding
Tul is a mobile app and B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America.
- Categories
- Technology
- Region
- Latin America
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Afrikrea Raises $6.2 Million in New Funding, Rebrands to Anka
The e-commerce platform, which aims to bring African-made products to a global audience, has completed a $6.2 million pre-Series A funding round and rebranded to Anka.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, funding, infrastructure, investment, SMEs, technology
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YC-backed Namibian Startup JABU Gets $3.2 Million for Its B2B E-commerce and Retail Play
As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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FoodMap Raises US $3 Million to Connect Farmers, Food Producers Directly to B2C, B2B Customers in Vietnam
FoodMap aims to solve the gap between demand and supply across the invisible supply chain with a back-end management system for farmers and suppliers.
- Categories
- Agriculture, Technology
- Region
- South Asia
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From People to Packages: How a Nigerian Ride-Hailing Business Weathered the Pandemic by Shifting to Last-Mile Delivery
The effects of COVID-19 have impacted business around the world, and consumer-focused sectors in Africa have faced particular challenges. As Nikhil Goel at Gokada explains, the crisis has exposed the urgent need for digital-first approaches to work, shopping and other aspects of daily life – and opened new opportunities for nimble enterprises that can tap into this growing demand. He explores how Gokada has successfully navigated the pandemic by shifting its business model from ride-sharing to last-mile delivery.
- Categories
- Coronavirus, Technology
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