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Posts Tagged ‘uganda’

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation of Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates motorcycle taxi and delivery services for individuals and businesses. With the Series A ...

Binance begins to restrict US users ahead of regulatory-compliant exchange launch

The world’s largest crypto exchange is going legit. Binance, which processes over $1 billion on a daily basis and for so long has embodied crypto’s wild west culture, announced that it will launch a U.S-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the ...

Crypto exchange Binance prepares to add margin trading ‘soon’

Binance, the world’s most prominent crypto exchange, says it is close to adding a much-anticipated margin trading feature to its service following weeks of speculation. The company tweeted confirmation of the upcoming feature in a screenshot which subtly teases the imminent arrival of margin trading options. Binance CEO Changpeng Zhao (pictured above) first revealed that ...

Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and on-boarded over 1000 motorcycles and their pilots on its app that connects commuters ...

These startups are locating in SF and Africa to win in global fintech

To become a global fintech player, locate your company in San Francisco and Africa. That’s the approach of payments company Flutterwave, digital lending startup Mines, and mobile-money venture Chipper Cash—Africa-founded ventures that maintain headquarters in San Francisco and operations in Africa to tap the best of both worlds in VC, developers, clients, and the frontier ...

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures—co-founded by Joe Montana—to join the round. Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what ...

WorldCover raises $6M round for emerging markets climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y-Combinator, Western Technology Investment, and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones, and data analytics to create insurance options for farmers whose crops ...

DHL launches Africa eShop app for global retailers to sell into Africa

DHL is launching an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. The platform goes live today and brings more than 200 U.S. and UK retailers—from Nieman Marcus to Carters—online in 11 African markets: South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, Botswana, Sierra Leone, and ...

American tourist and Ugandan guide kidnapped by gunmen at popular safari park

American tourist, 35-year-old Kimberly Sue, was with a local guide, Jean Paul, and at least two other tourists at Queen Elizabeth National Park yesterday when they were ambushed by four gunmen. Sue and the driver were kidnapped, leaving the other tourists behind.

According to NBC News:

The assailants used one of the victims' cellphones to call ...

South Africa’s FlexClub raises $1.2M, partners with Uber Mexico

FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, closed a $1.2 million seed round led by CRE Venture Capital. The company will use the financing to add team members and expand off the continent through a partnership with Uber Mexico. The move comes as Africa’s tech-transit space continues ...