Tyme Group, a South African fintech, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings, which owns Latin Americaβs most valuable fintech NuBank, investing $150 million for a 10% stake. M&G Catalyst Fund invested $50 million, while existing shareholders provided the remaining [β¦]
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Juicyway, an African fintech that leverages stablecoin technology to power fast and cheap cross-border payments, is launching out of stealth after processing over $1 billion in transaction volume for thousands of African businesses over the last three years. The fintech claims to have processed over 25,000 transactions, generating $1.3 billion in total payment volume (TPV) [β¦]
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The influential accelerator Y Combinator made a splash in Africa in 2020 when it shined its light on the market and began to accept startups from the region into its cohorts. The move was huge: in this nascent market, startups especially rely on programs like these to find their feet and connect with investors, and [β¦]
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Waymo is partnering with Moove, an African mobility fintech that offers vehicle financing to gig workers, to handle fleet management operations for its robotaxi service in Phoenix and, soon, Miami.Β The partnership marks several firsts. It will signal Waymoβs entry into Miami. And itβs also the first time Moove will enter the U.S. market and [β¦]
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A fintech from Ivory Coast β part of one of the most economically challenged and financially fragmented regions in the world β has raised funding for an ambitious goal: to become the βStripe for Francophone Africa.β HUB2, as the startup is called, already works with some 55 neobanks, payment companies, remittance companies and cryptocurrency providers, [β¦]
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Former NBA athlete Omri Casspi has raised $60 million for his latest venture fund, Swish Ventures, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. The fund plans to back 10 companies, and will invest $5 million to $7 million per deal. Swish Ventures is Casspiβs second fund following the launch of Sheva [β¦]
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An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end. The London-headquartered fintech [β¦]
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Helping consumers find the perfect glasses is a booming global business, spawning giants like Warby Parker in the U.S. and Lenskart in India. In the Middle East, this market is producing its own rising powerhouse: Eyewa. Eyewa, based in Dubai and Riyadh, sells a wide range of eyewear products, including prescription glasses, sunglasses, blue light [β¦]
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