Tag: africa
Will Carbon and Shahry usher in a wave of buy now, pay later services in Africa?
Affirm, Afterpay, Klarna, Quadpay. These are some of the big global players in the buy now, pay later (BNPL) movement. They allow shoppers to purchase products online and pay in installments with nominal or no fees, and have become more prominent due to how the pandemic accelerated e-commerce market growth…
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Institutional trust is the real meme
Hello friends, this is Week in Review. Last week, I dove into the AR maneuverings of Apple and Facebook and what that means for the future of the web. This week, I’m aiming to touch the meme stock phenomenon that dominated American news cycles this week and see if there’s…
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Rising African venture investment powers fintech, clean tech bets in 2020
As a turbulent week in the capital world, we’re taking a look at something a bit slower moving: venture capital trends in Africa during 2020. The Exchange has long explored quarterly and yearly data regarding the North American, European and Asian venture capital markets, along with data on particular startup…
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Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort
Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today. The accelerator, backed by the JP Morgan Chase and Bill & Melinda Gates Foundation, runs the flagship program annually. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected…
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How fintech and serial founders drove African pre-seed investing to new heights in 2020
When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. At the time, seven-figure seed investments in African startups were a rarity. But over the years, those same seed-stage rounds have become more common, with…
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African edtech startup uLesson lands a $7.5 million Series A
ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Other participants include LocalGlobe and existing…
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