African startups
Africa’s 5 Unicorn Startups – Which Has the Highest Valuation?
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Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Image sourced from TechCabal. Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series E funding round led by SoftBank Vision Fund 2, the venture capital arm of Japanese mega-corp SoftBank. This latest funding round brings Andela’s total valuation to $1.5-billion, officially making it Africa’s fifth unicorn startup. According to TechCabal, Andela began as an African-focused software developer training and outsourcing company. The firm soon grew to become a top source for talented, well-rounded developers in Africa thanks to the company’s developer training methodology and curriculum. The company received a comfortable $24-million injection from Facebook’s Mark Zuckerberg in 2016. Last year, Andela went complet...
Wave Closes Largest Series A Round for an African FinTech at $200-Million
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4 Lessons Private Equity Can Learn After a Huge 2020 for African VC
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SA Fintech Ukheshe Partners with dzcard for Asia Pacific Expansion
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INTERVIEW Africa’s Business Heroes Awarding $1.5-Million to Africa’s Next Top Tech Entrepreneurs
Image sourced from China Daily. /* custom css */ .tdi_4_240.td-a-rec-img{ text-align: left; }.tdi_4_240.td-a-rec-img img{ margin: 0 auto 0 0; } The worldwide pandemic has spurred digital transformation across the African continent. Tech is booming in Africa, it is all too clear to see. Now more than ever, driven African entrepreneurs and startup founders are innovating new waves into the ocean of technology. All they need is funding. Enter: The Africa’s Business Heroes (ABH) initiative – Alibaba founder Jack Ma’s flagship philanthropic program is spotlighting and celebrating the continent’s top entrepreneurs and startups. /* custom css */ .tdi_3_600.td-a-rec-img{ text-align: left; }.tdi_3_600.td-a-rec-img img{ margin: 0 auto 0 0; } Africa’s Business Heroes is calling for applicants to the ...
Cape Town Tech Startup Secures $14.5-Million More in Funding
“In emerging-market megacities, hundreds of millions of people use public transport to get where they need to go. Before WhereIsMyTransport, there was no central source of data for these networks, despite their size, scale, and importance,” reads a blurb on the startup’s official website. “WhereIsMyTransport helps people understand mobility in emerging-market megacities. We’re trusted by industry leaders like Google, the World Bank, and WSP.” Founded in Cape Town in 2015, the tech startup focusing on mobility creates data maps for formal and informal public transport networks in cities and uses this data and tech to improve the public transport experiences of commuters. WhereIsMyTransport hopes to make public commutes more reliable, predictable, safe, inclusive and more accessible to indiv...
4 Fresh Venture Capital Trends Shaping New African Investments
/* custom css */ .tdi_4_d6c.td-a-rec-img{ text-align: left; }.tdi_4_d6c.td-a-rec-img img{ margin: 0 auto 0 0; } With the second half of 2021 approaches and COVID-19 vaccinations roll out across the globe, albeit at varying rates, Ian Lessem, Managing Partner at HAVAIC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital landscape. Homegrown Solutions With the world having adjusted to new ways of shopping, learning, and doing business as a result of the COVID-19 pandemic, the appetite for solutions that solve real, tangible problems are without a doubt the best opportunities for growth. Solutions that offer people and organisations better ways of living and working with less friction will reign supreme. In the Afr...
How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries
/* custom css */ .tdi_4_8ce.td-a-rec-img{ text-align: left; }.tdi_4_8ce.td-a-rec-img img{ margin: 0 auto 0 0; } While the COVID-19 crisis has reversed the recent global poverty reduction, according to the UN and other experts, it has also sped up financial inclusion via mobile financial services apps provided by crypto, blockchain and FinTech startups. Many people worldwide take for granted the services billions of others struggle to access. In their book “Financial Exclusion and the Poverty Trap,” authors Pamela Lenton and Paul Mosley assert that one of the main causes of poverty is financial exclusion, which they define as the inability to access finance from mainstream banks. /* custom css */ .tdi_3_d8d.td-a-rec-img{ text-align: left; }.tdi_3_d8d.td-a-rec-img img{ margin: 0 auto 0 0; } ...
Security Flaw in Health Startup Exposed User Accounts and Medical Information
Sourced from LogBox. LogBox, a South African medical data startup that claims it is an “absolutely secure” way to replace paper forms and documentation in sharing patient data with doctors, has exposed user accounts and sensitive patient data following a lapse in security. Anurag Sen, a security researcher, found an exposed database belonging to the company. The database contained account access tokens for thousands of LogBox users, which if used would grant full access to the accounts and the information therein of users without even needing to input a password. Sen had reported to LogBox that their database has been exposed, but did not hear back. TechCrunch writes that the database has been pulled offline as soon as it reached out. LogBox’ database leak comes just as the country’s new d...
SA Startup Making Waves with New COVID-19 Tracing Tech
Sourced from Forbes. A South African startup has launched a cheap approach to contact tracing in efforts to help with coronavirus measures. Contact tracing is a method of tracking used in countries like the United Kingdom, Singapore and South Korea to aid in containing SARS-CoV-2 infections. The tracing is able to track exactly who was in contact with an infectious person and thus limit further contact. South Korea, one of the only countries on Earth that have been able to bring a massive COVID-19 outbreak rapidly under control used contact tracing heavily. Currently, the country has just over a thousand cases and is no longer forcing stay-at-home lockdowns and most businesses are open. /* custom css */ .tdi_3_77d.td-a-rec-img{ text-align: left; }.tdi_3_77d.td-a-rec-img img{ margin: 0 auto...
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