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Magic Fund Raises $30 Million, to Give $100 – $300k Checks to Founders in Emerging Markets
MAGIC Fund, a global collective of founders that backs other founders to solve business challenges, has announced a $30 Million Fund II raise to continue backing early-stage startups.
- Categories
- Investing
- Region
- Global
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Africa’s Fintech Gold Rush: Why Banks Must Adapt to Survive
These are exciting times in the fintech startup ecosystem in Africa, as direct investment activity is growing at a dizzying pace. But according to Osahon Akpata at Ecobank Group, this influx of capital is also raising challenges for startups and investors – and particularly for traditional banks, which have to adjust to the emergence of these innovative and well-funded new competitors. He discusses the implications of Africa's ongoing fintech revolution for both startups and banks, and explores why partnerships between them can provide a way forward.
- Categories
- Finance, Technology
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Microverse Wants to Educate Overlooked Coding Talent from Developing Regions
The EdTech startup, Microverse, got a boost in its efforts today when it announced that it has raised $12.5 million in venture capital.
- Categories
- Education
- Region
- Global
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Taptap Send Gets $13.4 Million for a No-Fee Money Transfer Service Aimed at Price-Conscious Emerging Market Users
Taptap Send, which provides a “free” mobile money transfer service from eight countries to 15 others, has raised $13.4 million, that it will be using to continue expanding its scope and the services that it provides to its customers.
- Categories
- Finance
- Region
- Global
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Kenyan Foodtech Startup Kune Raises $1 Million Pre-Seed for Its Ready-to-Eat Meals Service
Kenyan foodtech startup Kune has announced that it has closed a $1 million pre-seed round to launch its on-demand food service in August.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Google Launches New Programs to Bolster African Innovation, Female Entrepreneurship
Google has announced the launch and opening of applications of a new US$3 million Black Founders Fund (BFF) Africa programme, and a Google.org-backed US$3 million grant to the Tony Elumelu Foundation to support female entrepreneurs on the continent.
- Categories
- Social Enterprise
- Region
- Sub-Saharan Africa
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UNICEF Invests in Blockchain Startups for Financial Inclusion
UNICEF Venture Fund is awarding up to $100,000 to blockchain startups, including India’s GovBlocks, in its latest funding round. Here are the other projects.
- Categories
- Finance, Technology
- Region
- Global
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South African Mobility Startup WhereIsMyTransport Raises $14.5 Million for Expansion
South African Mobility startup WhereIsMyTransport has raised a $14.5 million Series A extension round to continue its expansion across emerging markets.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- startups, transportation
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