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Elon Musk’s Starlink Shakes up Competition in Africa
Starlink’s satellite internet rollout across Africa is sparking complaints of unfair competition from telecommunications companies and internet service providers.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Send App by Flutterwave Extends Remittance Reach to 49 U.S. States With Mainstreet Bank Partnership
Remittances to Africa have doubled over the last decade, reaching an estimated $100 billion in 2022.
- Categories
- Finance, Technology
- Region
- Global
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Senegalese Fintech Startup Rubyx Secures $440,000 Loan From Proparco
Rubyx has developed a cloud-native, API-driven digital lending platform that enables service providers to rapidly launch innovative loan products and meet the evolved expectations of borrowers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Investment Fintech Rise Completes Acquisition of Kenya’s Hisa
Rise, a Nigerian fintech that gives customers access to selected global investments, has acquired Hisa, a Kenyan investment startup.
- Region
- Sub-Saharan Africa
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Kredete Raises $2.25 Million to Help African Immigrants Build Credit Score and Make Low-Cost Remittances
Kredete leverages blockchain technology to enable African immigrants to build credit and send money home with low fees, offering a dual benefit that addresses significant financial integration challenges for immigrants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
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Egypt-Born FlapKap Raises $34 Million Pre-Series A to Scale SME Financing Across MENA
FlapKap aims to continue to address a major challenge in the MENA region, where the SME financing gap is estimated at $180 billion, per the International Finance Corporation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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