The Sun Exchange raises $3M for crypto driven solar power in Africa – TechCrunch

[ad_1] South Africa based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling…

Novastar Ventures becomes $200M African VC fund after $108M raise – TechCrunch

[ad_1] African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total capital to $200 million. With the additional resources, the firm plans to…

Nigeria’s Helium Health raises $10M Series A for Africa expansion – TechCrunch

[ad_1] Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke Olubusi told . The startup offers a product suit that digitizes data,…

Visa connects to M-Pesa, Flutterwave enters e-commerce – TechCrunch

[ad_1] It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to M-Pesa as a public…

Goldman backed ventures Jumia and Twiga partner on produce in Kenya – TechCrunch

[ad_1] Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. In 2019, Jumia became the first VC funded tech company in Africa to list on a major exchange, the NYSE. Based in Nairobi, Twiga raised a $30 million Series B round in…