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WorldRemit nabs $40M at a $670M valuation to boost its money transfer business
WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year, and ramp its user number to 10 million.
- Categories
- Finance
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Crowdfarming is being used to bring Somalia’s livestock market into the digital economy
In 2017 alone, livestock loss has ranged from 20%-40% in the southern regions and 40%-60% in the north, according to the Food and Agriculture Organization. This threatens the livelihood of the animal farmers and hinders their ability to regularly trade in markets.
But a Sweden-based startup wants to change this by creating a tech-powered livestock market that is open all year round.- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Lagos is set to overtake Nairobi as Africa’s startup capital
But over the past year, Lagos’ claim as the continent’s startup epicenter has gained currency. For starters, it’s the continent’s most valuable ecosystem with its startups typically raising far more in early-stage funding. It’s also home to e-commerce heavyweights such as Jumia and Konga and has birthed some of the continent’s best known startups including Andela, iROKO and Flutterwave which have all attracted major global investor interest.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Flipkart leans on fintech for profitability, says Bansal
Flipkart group chairman Sachin Bansal said the company’s focus on financial technology solutions will help drive the platform towards profitability.
- Categories
- Finance, Technology
- Region
- South Asia
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Singapore social startups build a niche market in India
In the last few years, a number of social Singapore origin startups have been building a niche market in India.
- Region
- South Asia
- Tags
- startups
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A startup disrupting the prescription drug business in Africa is getting major Silicon Valley support
MPharma manages prescription drug inventory for pharmacies and their suppliers in four African countries. It provides inventory financing to clients and is using its growing purchasing power to help lower the cost of prescription drugs for patients.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- startups
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Press release: Shortlist to Acquire Spire Education to Enhance Talent Service Offerings in East Africa
“We’re thrilled to join forces with Spire, a move that will supercharge our joint capacity to support talent-forward companies in Kenya and beyond,” says Paul Breloff, co-founder and CEO of Shortlist.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- employment, startups
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Press release: 20 Top African Start-Ups Enter World Bank Group Digital Acceleration Program
Selected from a pool of over 900 applicants, these start-ups specialize in digital solutions for the African market, including fin-tech, transportation, health care, education, human resources, and B2B. All companies provide a digital product or service currently available in one or more African markets and show potential to scale across the region.
- Categories
- Investing
- Region
- Latin America
- Tags
- accelerators, startups
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