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Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

Africa Roundup: Nigerian fintech gets 0M, mints unicorn, draws Chinese VC November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised […]

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PalmPay launches in Nigeria on $40M round led by China’s Transsion

PalmPay launches in Nigeria on M round led by China’s Transsion Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and Taiwanese wireless comms hardware firm Mediatek — […]

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Africa Roundup: CcHub’s iHub acquisition, Andela’s $50M run-rate and layoffs, Transsion’s IPO

Africa Roundup: CcHub’s iHub acquisition, Andela’s M run-rate and layoffs, Transsion’s IPO Two of Africa’s powerhouse tech incubators joined forces in September. Nigerian innovation center and seed-fund CcHub acquired Nairobi based iHub. The purchase amount was undisclosed, but CcHub will finance the deal out of its real-estate project to build a new 10-story […]

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Africa’s top mobile phone seller Transsion lists in Chinese IPO

Africa’s top mobile phone seller Transsion lists in Chinese IPO Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also started to support […]

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DHL expands Africa eShop online retail app to 34 countries

DHL expands Africa eShop online retail app to 34 countries DHL  has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s e-commerce platform to 34 African countries. DHL <a href=”https://techcrunch.com/2019/04/11/dhl-launches-africa-eshop-app-for-global-retailers-to-sell-into-africa/”>went live with the digital retail app in April, bringing more than 200 U.S. and U.K. […]

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China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture […]

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Africa’s top mobile phone seller Transsion to list in Chinese IPO

Africa’s top mobile phone seller Transsion to list in Chinese IPO Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market,  Transsion confirmed to TechCrunch.  The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation of Japanese manufacturer Yamaha. Based in Lagos, […]

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Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

Telegram’s crypto tokens are (kind of) going on sale to the public for the first time Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are […]

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