by globalpro | Mar 5, 2020 | Finance
VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nairobi — is looking for tech-enabled, revenue-driven ventures...
by globalpro | Nov 13, 2019 | Finance
Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1...
by globalpro | Jun 6, 2019 | Finance
Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were that Jumia’s Gross Merchandise Value (GMV) — the total...
by globalpro | May 12, 2019 | Finance
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...
by globalpro | Apr 10, 2019 | Finance
The San Francisco-based startup Branch International, which makes small personal loans in emerging markets, has raised $170 million and announcedA potential Branch customer The Branch-Visa partnership will allow individuals to obtain virtual Visa accounts with which...
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