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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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Ukrainian Startup Zeely Raises $1 Million for Small and Medium Business Growth App Aimed at US, UK, Brazil, Mexico
Zeely plans to use this new investment to implement its integration with TikTok and payment systems and the expansion of their AI’s capabilities.
- Categories
- Technology
- Region
- Global
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With $200 Million, Spiro Will Deploy 140,000 Electric Motorcycles in Uganda
The investment should help decarbonize the transport sector Uganda, which is increasingly courted by car manufacturers.
- Categories
- Environment, Transportation
- Region
- Sub-Saharan Africa
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Kaszek Earmarks Nearly $1 Billion in New Funds for Latin American Startups
Kaszek plans to put money in 20 to 30 companies out of its early-stage fund in Latin America.
- Categories
- Investing, Technology
- Region
- Latin America
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DFC Invests $25 Million in Novastar’s Africa People + Planet Fund
The funding will back founders building agriculture and climate solutions in Africa.
- Categories
- Agriculture, Investing, Technology
- Region
- Sub-Saharan Africa
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Equator Secures $40 Million in Commitments for Fund Targeting Climate Tech Startups in Africa
Despite the role technologies play in improving the world’s environmental footprint, raising venture capital has proved chiefly hard in years past.
- Categories
- Environment, Investing, Technology
- Region
- Sub-Saharan Africa
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New Report Shines Spotlight on E-Mobility Innovators Unlocking Access to the US $3.65 Billion Motorcycle Market in Sub-Saharan Africa
Electric motorcycles are set to be a dominant force in sub-Saharan Africa’s sustainable mobility transformation.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Forge Ventures Leads US $1.5 Million Funding in Indonesian Supply Chain Tech Startup Baskit
Baskit aims to strengthen the traditional distribution chains of distributors and wholesalers with commercial support and technology.
- Categories
- Technology
- Region
- South Asia
- Tags
- startups, supply chains
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