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Nigeria’s Cowrywise Raises $3 Million Pre-Series a to Scale Its Wealth Management Platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, scale, startups
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These Investors Want to Back ‘Ridiculously Early’ Female-Led African Startups
In 2019, female-led companies received less than 5 percent of the global venture capital. Bringing it to Africa, only 10 percent of the West African startups that cumulatively raised $1 million had at least one female co-founder in the past decade.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- startups
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Rising From the Ashes to Figure Out the Business of Dry Waste
Ahmedabad-based Nepra handles more than 500 tonnes of dry waste a day, making it the largest player in this space. It is also the highest funded waste management startup in India, with over $36 million in funding, according to data from Tracxn
- Categories
- Environment
- Region
- Asia Pacific
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African Tech Startups Raise Over $700 Million in 2020 Despite Pandemic
African tech startups raised more funding from more investors than ever before in 2020 despite the Covid-19 pandemic.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Agritech Startup Dehaat Raises $30 Million Led by Prosus Ventures
Dehaat, an agritech startup, which connects small farmers with a network of small suppliers of farm input and equipment, has raised $30 million in Series C funding, led by Prosus Ventures (formerly Naspers Ventures).
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
- Tags
- startups
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Innovex Closes an Equity Investment With Gaia Impact Fund, a VC Fund Dedicated to Renewable Energy Entrepreneurs
Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from Gaia Impact Fund.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Why the Silicon Valley-Style Investment Approach Isn’t Best for African Startups
One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa’s very diverse and different tech hubs, is right for the continent’s tech hubs at this stage in their development.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Bazaar, Pakistan-Based B2B E-commerce Marketplace Raises $6.5 Million in One of Region’s Largest Seed Rounds Building the Organization’s Long-Term Business Growth.
Bazaar, a Pakistan-based B2B ecommerce startup that had launched just eight months ago to digitize traditional retail in Pakistan, has raised $6.5 million in one of the region’s largest seed rounds.
- Categories
- Investing
- Region
- Asia Pacific
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