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Africa’s Startups Need Patient Capital: Could the African Diaspora Help Provide it?
African startup funding amounts to a tiny fraction of global venture capital (VC), and these investments are often concentrated on sectors like fintech and e-commerce. As a result, as Kristin H. Wilson at Innovate Africa Fund argues, African founders often lack the capital and incentive to tackle the continent’s biggest development challenges. She proposes a new approach to funding innovative African-made solutions to these issues — one that leverages the capital and entrepreneurial expertise of the African diaspora.
- Categories
- Health Care, Investing
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Juicyway Steps Out of Stealth with $3 Million to Simplify Cross-Border Transactions in Africa
P1 Ventures backs startup as it launches efficient currency exchange using stablecoin technology for individuals and businesses to participate fully in the global economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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HUB2 Banks $8.5 Million to Become the ‘Stripe for Francophone Africa’
Today, HUB2 operates as the backbone for 55 fintechs across French-speaking Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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dLocal and Zepz Forge Strategic Partnership to Enhance Cross-Border Payments in Emerging Markets
This collaboration seeks to address the significant challenges these regions face due to limited banking access and the high costs associated with cross-border payments.
- Categories
- Finance
- Region
- Global
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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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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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Puntored Raises $2 Million From Stellar Development Foundation
Puntored will use the funds to expand its technological capabilities and enable cross-border transactions across Latin America through the Stellar blockchain network.
- Categories
- Finance, Technology
- Region
- Latin America
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Waza Secures $8 Million for B2B Payments Innovation in Emerging Markets
Waza, a B2B emerging markets payment platform, has successfully closed an $8 million funding round comprising both equity and debt.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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