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Africa

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[Business Daily Africa] Agritech is the next frontier in growing Africa food security

Originally posted on Business Daily Africa SUMMARY Over the past five years, funding in agritech start-ups across the African continent has been rising consistently, according to data from Disrupt Africa, with hot spots emerging in Kenya and South Africa. Many tech start-ups have developed solutions targeting various aspects of agriculture,...

Efayomi Carr

[The Standard] Adopting Open Data for Finance Could Boost Economic Growth in Ten Years

Originally posted on The Standard As we emerge from the pandemic, we are seeing several mutually reinforcing shifts in how the financial system functions. First, the basic digital infrastructure for finance, accounts, payments and identity is getting an upgrade. Second, this evolving financial technology stack, driven by APIs, is getting...

Lidya

[FinExtra] Digital lender Lidya raises $8.3m

Originally posted on FinExtra International alternative SME finance lender, Lidya, has successfully raised US$8.3 million in a pre-series B funding round. The funding will support Lidya as the business looks to grow its lending operations for SMEs across its African and European markets. The funding round was led by Alitheia...

Lidya

[TechCrunch] A year after expanding to Europe, Nigerian fintech Lidya raises $8.3M to scale lending operations

Originally posted on TechCrunch By Tage Kene-Okafor Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. In...

Apps on a Mobile Phone

[Bloomberg] Ecommerce Fixer for Egypt Mom and Pop Stores Gets Funds

Originally posted on Bloomberg By Mirette Magdy An Egyptian e-commerce business linking traditional retailers with suppliers of products such as food and groceries plans to expand in North Africa and the Gulf after an early-stage funding round. Cairo-based MaxAB raised $40 million from RMBV and seven others including the International Finance Corp. and Flourish Ventures,...

MaxAB

[TechCrunch] MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion

Originaly posted on TechCrunch By Tage Kene-Okafor Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all...

FairMone tech in africa

[Tech in Africa] FairMoney raises $42M in Tiger Global-led Series B

Originally posted on Tech in Africa By Russel Ayugi Nigerian fintech startup FairMoney has raised $42 million Series B to raise and diversify its offerings and expand it as a financial hub for users. The round was led by Tiger Global Management and other existing investors in previous rounds such...

Tiger Global

[TechCrunch] Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney

Originally posted on TechCrunch By Tage Kene-Okafor Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion...

Flutterwave-CNBC

[CNBC] Flutterwave recognized as #21 on the CNBC Disruptor 50

Originally posted on CNBC by Riley de León Founder: Olugbenga Agboola (CEO) Launched: 2016 Headquarters: San Francisco Funding: $225 million Valuation: $1 billion Industry: Fintech Previous appearances on Disruptor 50 List: 0 Sub-Saharan Africa is thought to be one of the world’s fastest-growing digital payments markets, with the largest population of underbanked and unbanked people in the...

Efayomi One Jollof

[One Jollof] Building A Career Across The African Continent with Efayomi Carr

Originally posted on One Jollof Pepper Soup #19 features Efayomi Carr, Principal of Fintech focused Venture Capital Firm Flourish Ventures. Over the last 10 years Efe has worked in finance, governance and the entrepreneurship space across the African continent, including Nigeria, Sierra Leone, Ethiopia and Kenya.

[24Bit Podcast] The Opportunities Fintech brings to Africa: A discussion with Flourish Ventures Principal Efayomi Carr

Originally posted on 24Bit Podcast In this latest episode of our 24Bit podcast, I sat down with Efayomi Carr to discuss Fintech in Africa. Efayomi Carr is a Principal at Flourish Ventures, a Global Fintech Venture Firm that recently opened its offices in Kenya. The new office, the Silicon Valley-based VC...

[TechMoran] The fintech-focused VC space in Africa is fairly small, here is how Flourish Ventures is changing that

Originally posted on TechMoran The fintech-focused investment space in Africa is fairly small, but Flourish Ventures, a global fintech venture capital firm and arm of Omidyar Network, which launched 2 years ago with a $300m war-chest, is changing that for good. Flourish Ventures recently opened a new office in Nairobi...