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Chipper Cash raises $100 million in Series C

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Barely seven months after a $30 million subsidizing round in which Jeff Bezos took an interest, Chipper Cash has brought $100 million up in a Series C round. 

The round was driven by SVB Capital, a US firm putting resources into an Africa-centered startup interestingly. Existing Chipper Cash financial backers like Deciens Capital, Ribbit Capital, Bezos Expeditions and 500 Startups took part. One Way Ventures, Tribe Capital, and Brue2 Ventures additionally joined the round. 

Lively Cash empowers people to move cash at zero charges between African nations. It additionally offers Chipper Checkout, a paid assistance for organizations to get installments by sharing installment joins with clients or coordinating a button on a site or application. 

This extension comes closely following a 33% increment in clients – from 3 million in November 2020 to 4 million as of now. Inside this period, the organization acquainted new components with its application including virtual VISA cards for web based shopping in Nigeria and crypto exchanges in South Africa and Uganda. 

This Series C denotes a shocking ascent for a three-year-old startup. It was established in 2018 by Serunjogi, an Ugandan, and Maijid Moujaled, a Ghanaian. After three years, the pair has guided the organization to the top section of fintech new companies on the landmass, essentially as far as the measure of investment raised.

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Fin-Tech

Lagos Angel Network appoints new board.

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The Lagos Angel Network (LAN) has named another Board of Governors (BoG) to direct its issues, viable from today October 1, 2021. 

As indicated by a LAN explanation, the new board, led by Kola Aina, General Partner at Ventures Platform, has the command to reposition the association with an emphasis on enrolling and teaching nearby private backers and advocating support for beginning phase putting resources into Nigeria. 

Different individuals from the BoG are Biola Alabi, author, Biola Alabi Media, who will sit as Deputy Chair of the BoG; Yemi Keri, prime supporter, Rising Tide Africa; Olumide Soyombo, fellow benefactor, Voltron Capital; Iyin Aboyeji, organizer, Future Africa; and Gerrad Olisa-Ashar, fellow benefactor, Diaspora Angel Network.

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PaySika secures funds to provide neobank services in francophone Africa

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PaySika, a monetary innovation startup creating versatile and online financial answers for French-speaking African nations, today declared that it has gotten a €300,000 ($348,000) pre-seed venture from private supporters in the French, London, and Nigerian tech startup space. 

Established in 2020 by Roger Nengwe and Stezen Bisselou, PaySika professes to be the principal business-to-client (B2C) neobank in the area that works with a chatbot on well known informing applications, including Facebook Messenger, WhatsApp, and Telegram. As per an organization articulation, this permits clients to do their exchanges as basic as sending a SMS. 

Regardless of the expansion of monetary administrations in Africa over the previous decade, there’s been a tirelessly underserved hole in the francophone part of the mainland. Over 80% of the populace in the area, or more than 120 million individuals, don’t approach bank administrations. 

With business banks for the most part centered around the best 10-20% richest clients, versatile cash arrangements from the district’s telcos and fintech new companies have been critical to stretching out admittance to monetary administrations. At present, over 60% of the populace utilize versatile wallets.

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Eden Life raises $1.4m to digitise house chores.

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Eden Life, a Nigeria-based startup digitizing home help for homes across Africa, has raised a seed round of $1.4 million to increase more portion of the overall industry, carrying its absolute venture to $2 million. 

The venture round was driven by LocalGlobe with cooperation from Africa-centered VCs, Future Africa, Samurai Incubate, Village Global, Rising Tide Africa and Enza Capital. 

Eden Life was established in 2019 by three ex-Andela staff members, Nadayar Enegesi, Prosper Otemuyiwa and Silm Momoh, on a $600,000 pre-seed round from loved ones, to target twenty to thirty year olds and Gen Zs who are too occupied to even consider shuffling house tasks with their positions, particularly those in the tech space.

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