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Stripe Acquires Nigeria’s Paystack for $200 Million+ To Expand Into the African Continent
Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API. (We and others have referred to it in the past as “the Stripe of Africa.”)
- Categories
- Entrepreneurship, Finance
- Region
- Sub-Saharan Africa
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Retailo Raises $2.3 Million in Seed Round To Boost Financial Inclusion
Retailo, the Riyadh-based B2B eCommerce startup, has announced $2.3 million of funding in a pre-seed round to go toward boosting small to medium-sized businesses (SMBs) in the Middle East, according to a press release.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Microlenders in India See Light at End of Tunnel; Collection Rates Inch Back To Pre-COVID Levels
Collection rates are picking up, so are disbursements of small loans. Rural entrepreneurs, who suffered most due to COVID, are tweaking their small business strategies to adjust to the new normal.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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‘Doktari’ Turns Plastic Bags Into Building Materials
Meet Dr Oscar Joshua Aghan, who uses plastic bags that are still in circulation to make building materials.
- Categories
- Energy, Entrepreneurship, Environment
- Region
- Sub-Saharan Africa
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East African E-Commerce Startup Wins Global Innovation Challenge
The company uses data tracking analysis to gain insight into the shopping trends of the communities and provide competitive prices from manufacturers.
- Categories
- Coronavirus, Entrepreneurship, Finance, Technology
- Region
- Sub-Saharan Africa
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Solidaridad Supporting Small Businesses To Access Finance for COVID-19 Resilience
The Covid-19 pandemic has affected many businesses, including small and medium enterprises (SMEs) in the cocoa sector that provide critical services to smallholder farmers in Ghana.
- Categories
- Agriculture, Coronavirus, Investing
- Region
- Sub-Saharan Africa
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A New Status Quo for Workers: Shaping A Good Jobs Recovery from COVID-19
The coronavirus pandemic wiped out 30 million jobs in the U.S. in the first four months, and an estimated 120 million jobs in India. As the U.S. celebrates Labor Day, Bulbul Gupta at Pacific Community Ventures and Sachi Shenoy at Upaya Social Ventures argue that recovery from this crisis will require more than a return to the pre-COVID status quo. It will require impact investors, business leaders, governments and others to create "the kinds of jobs that uplift their communities to a better tomorrow."
- Categories
- Coronavirus, Entrepreneurship, Investing
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Press Release: Upaya Social Ventures and Beyond Capital Recommit To Investment in Freshr To Further Benefit Smallholder Farmers in India
Follow-on investment to support the extension of FreshR’s microentrepreneur and farmer networks, as well as continue expansion into new region of underserved communities
- Categories
- Agriculture, Entrepreneurship, Investing
- Region
- Asia Pacific
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