Africa’s top mobile phone seller Transsion lists in Chinese IPO

Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also started to support venture funding of African startups. Transsion issued 80 million A-shares at an opening […]

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China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital […]

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Africa’s top mobile phone seller Transsion to list in Chinese IPO

Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market,  Transsion confirmed to TechCrunch.  The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is running smoothly. The registration application and issuance process is still underway, with the specific […]

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Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—where in addition to car-service—they offer rickshaw taxis. On-demand motorcycle startups are multiplying and piloting EVs with funds from international partners. And many ride-hail companies in Africa […]

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Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are a lot of catches. The messaging company, which serves as the de facto chat app for the crypto community, […]

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XPRIZE names two grand prize winners in $15 million Global Learning Challenge

XPRIZE, the non-profit organization developing and managing competitions to find solutions to social challenges, has named two grand prize winners in the Elon Musk-backed Global Learning XPRIZE . The companies, KitKit School out of South Korea and the U.S., and onebillion, operating in Kenya and the U.K., were announced at an awards ceremony hosted at […]

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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 […]

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Drone delivery startup Zipline launches UAV medical program in Ghana

Zipline, the San Francisco-based UAV manufacturer and logistics services provider, has launched a program in Ghana today for drone delivery of medical supplies. Working with the Ghanaian government, Zipline will operate 30 drones out of four distribution centers to distribute vaccines, blood, and life-saving medications to 2000 health facilities across the West African nation daily. […]

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Partnering with Visa, emerging market lender Branch International raises $170 million

The San Francisco-based startup Branch International, which makes small personal loans in emerging markets, has raised $170 million and announced a partnership with Visa to offer virtual, pre-paid debit cards to Branch client networks in Africa, South-Asia and Latin America.  Branch — which has 150 employees in San Francisco, Lagos, Nairobi, Mexico City and Mumbai — […]

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Seven Africa-focused startups present at Y Combinator’s Demo Day

The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe. Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship […]

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