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Supporting Farmers and Food Systems: How Crowdfunding Can Address Funding Challenges for Agricultural SMEs in Africa
Agriculture employs over 70% of the working population in Africa, making it a cornerstone of the continent's economic progress and livelihood development. But as Esther Mweru and Jerry Sellanga at 2SCALE explain, the financial strain of COVID-19 — combined with previously existing market inefficiencies — is putting many vulnerable farmers and agricultural small and medium enterprises (SMEs) at risk. They explore how crowdfunding can provide a financial lifeline to these smallholders and businesses, and discuss how 2SCALE is using it to support agribusinesses in Mali, Nigeria and Kenya.
- Categories
- Agriculture, Finance, Technology
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African Fintech pawaPay Secures $9 Million In a Seed Funding Round
According to reports the funding will be used to help scale the fintech’s operational presence, grow the existing team and expand in new markets across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Visa To Enable Deeper Financial Inclusion With Offline Payments in India
The technology will allow users to make transactions using chip-based Visa debit, credit, and prepaid cards even in places with low or no internet connectivity.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Africa-Focused Payment Firm Opay Raises $400 Million in Funding Round Led by SoftBank
OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, said it has secured $400 million in its latest funding round.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Fintech Company CapitalSage Technology Raises $4 Million To Accelerate the Company’s Growth
CapitalSage Technology Limited's expansion is mostly driven by their agenda to provide sustainable and inclusive digital financial infrastructure.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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AC Ventures, Kenangan Fund Join Durianpay’s US $2 Million Round Led by Surge
Durianpay provides small e-commerce merchants with a one-stop solution for easy-to-integrate modern APIs and dashboards in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigerian E-commerce Startup, Omnibiz, Secures $3 Million Seed Round To Expand Across West Africa
Nigeria-based Business to Business (B2B) eCommerce startup, Omnibiz has announced securing $3 million in a seed round.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: Catalyst Fund Announces Its Latest Cohort of Companies Bringing Inclusive Fintech Solutions To Underserved Communities
PayPal joins as a new supporter as Catalyst Fund explores connections between digital finance and climate resilience.
- Categories
- Finance, Technology
- Region
- Global
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