Youverify, a San Francisco-based identity verification company helping African banks and startups automate Know Your Customer (KYC) and other compliance procedures, today announced that it has secured a $1M seed round extension. After initially raising $1.5M in 2020, the Company extended the seed round, raising an additional $1M, bringing the total amount raised to $2.5M….
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Kenya-based startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The extension was led by Harlem Capital, an early-stage venture firm that invests in seed-stage tech-enabled startups, focused on minority and women founders. Participating in the round were early-stage venture capital firm, Newtown Partners; Peter Bruce-Clark, a…
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Quality African businesses with growth prospects that seek funding can now raise capital via an innovative crowdfunding platform, GoGetta. Local and international angel and venture capital investors can now select vetted opportunities and invest quickly and securely amounts of just R1000 or more to own shares in various African businesses. Sthembiso Zwane, co-founder of GoGetta…
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Acentrik, a strategic initiative by Mercedes-Benz, is now deployed on Polygon Mainnet as part of its enterprise release. Powered by Blockchain Technology, Acentrik is a decentralized data marketplace developed by Mercedes-Benz, using Ocean Protocol technology – facilitating data sharing and monetization for enterprises across domains. Through tokenization of data assets, secure access of data on…
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Adaverse, a Cardano ecosystem accelerator set up to encourage the growth of Web3 crypto-native enterprises in Africa, announced its investment into a seed funding round for Afriguild, a blockchain gaming guild-turned DAO (decentralized autonomous organization) providing opportunities for Africans through gaming, education, and community building. Adaverse and EMURGO Africa have joined other notable investors in this…
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Hashgreed, an African NFT marketplace, a multipurpose NFT and super dapp platform under the Krosscoin Ecosystem has recently raised $1M+ towards scaling across Nigeria and beyond. The platform is designed to help both individuals and businesses experience web3 solutions for creative, commerce and Asset tokenization. Hashgreed also hosts amazing DeFi and WorkFi solutions. Users can…
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Bizao, a Côte d’Ivoire-based fintech firm currently in over 10 African nations, has introduced an €8 million Sequence A funding spherical. The corporate hopes to speed up its geographical footprint throughout the continent and spend money on the design of recent strains of services with this elevate. The funding round was led by AfricInvest Financial…
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CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to enable seamless access to insurance with every new car purchased from the Suzuki network in Nigeria. As part of the partnership, drivers will now be able to buy insurance…
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In the Maasai Mara, landowners, wildlife, and tourism depend on one another for survival. The impact of COVID-19 has brought tourism to a standstill, jeopardising the revenue previously realised, and threatening to bring the ecosystem down. Teams are expected to build decentralised finance solutions that can serve anyone, anywhere, no matter how remote. This includes…
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