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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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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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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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 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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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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It has never been so easy to explore the world while earning money, so the biggest challenge is deciding where to go. Digital nomads enjoy the freedom to go almost anywhere and deliver work for clients around the world with just a laptop, internet connection and some applications. Are you…
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The startups are discovering Africa. A pioneer is Mobisol. In 2010, the Berlin startup came up with the idea of combining cheaper solar technology with mobile technology, which is widely used in Africa. It designed photovoltaic isolated solutions for households, which could be paid off via “micro payments” mobile. Meanwhile,…
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