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African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African fintech startup Chipper Cash raises M backed by Jeff Bezos African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in […]

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Apeel gets more cash to fight poverty and food insecurity in emerging markets with its food-preserving tech

Apeel gets more cash to fight poverty and food insecurity in emerging markets with its food-preserving tech In the first real test of the potentially transformative power of its food-preserving technology, the Santa Barbara, Calif.-based Apeel Sciences is bringing its innovative food treatment and supply chain management services to distribution centers in […]

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African payment startup Chipper Cash raises $13.8M Series A

African payment startup Chipper Cash raises .8M Series A African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally. The raise caps an event filled run for the San Francisco based payments company, founded two years […]

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Uber Africa launches Uber Cash with Flutterwave and explores EVs

Uber Africa launches Uber Cash with Flutterwave and explores EVs Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco based — Nigerian founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners […]

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African countries need ‘startup acts’ more than ever to support innovation

African countries need ‘startup acts’ more than ever to support innovation Adedana Ashebir Contributor Share on Twitter Adedana Ashebir is regional manager for Africa for Village Capital, which has supported more than 100 entrepreneurs and 15 entrepreneur support organizations in Sub-Saharan Africa since 2012. As the fallout from COVID-19 continues to grip […]

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Novastar Ventures becomes $200M African VC fund after $108M raise

Novastar Ventures becomes 0M African VC fund after 8M raise African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total […]

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Nigeria’s Helium Health raises $10M Series A for Africa expansion

Nigeria’s Helium Health raises M Series A for Africa expansion Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke […]

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Andela CEO confirms staff cuts as layoffs hit African tech

Andela CEO confirms staff cuts as layoffs hit African tech Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The […]

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Africa Roundup: Africa’s tech ecosystem responds to COVID-19

Africa Roundup: Africa’s tech ecosystem responds to COVID-19 In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread. Early in March Africa’s coronavirus cases by country were in the single […]

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Jumia adapts Pan-African e-commerce network in response to COVID-19

Jumia adapts Pan-African e-commerce network in response to COVID-19 Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 African countries — announced a series of measures on Friday. Jumia will donate certified […]

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