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Tag: Africa

African fintech technology dominates Catalyst Fund’s startup cohort in 2019

African fintech has occupied a central place in the Catalyst Fund, an accelerator backed by JP Morgan Chase and Bill & Melinda Gates Foundation that provides advice and non-equity funds to emerging market emerging companies. The organization announced its start cohort in 2019 and three of the four financial companies,…

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Chinese investors double down on African startups

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted Uber’s new “money” team. China’s pivot to…

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Chinese investors double down on African startups

China’s pivot to Africa Three African fintech startups; OPay, PalmPay and East African trucking logistics company Lori Systems, closed large fundraises this year. On their own, the deals aren’t particularly notable, but together, they expose a new trend within the African startup ecosystem. This year, those three companies brought in…

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SA biometric authentication startup Iidentifii claims to be market leader in Africa

Statistics released by the Southern African Fraud Prevention Service (SAFPS) in September show a 99% increase this year over 2018 in the number of cases in South Africa involving identity fraud. One startup reckons it’s come up with a way to tackle this. Lance Fanaroff, the co-founder and co-CEO of…

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A few days after the elections, what do international referents think about the future of the Argentine fintech segment

A few days after the elections, what do international referents think about the future of the Argentine fintech segment Despite the complex economic and political landscape of 2019, Fintech references in the region welcome the future of the Argentine market At least from the point of view of entrepreneurs from…

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Global expansion: Why the US should be looking at Africa? BRCK acquires EveryLayer

Kenyan Communications hardware company BRCK acquired the assets of Nairobi Surf-based Internet provider and its US parent, EveryLayer, in a purchase agreement for an undisclosed amount in February. About EveryLayer Based in Nairobi, Surf is an access point service provider aimed at providing affordable internet for lower income segments. BRCK…

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