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Kenyan money transfer startup, Kyanda, makes incursion into South Africa

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Foremost Kenyan money transfer startup, Kyanda, has made a bold incursion into the southern African fintech market by launching its operations in South Africa.

The launching of the money transfer app which aims at helping users make all sorts of transactions at as low a cost as possible, according to its founder, Collins Kathuli, will help “users make cheap and fast money transfers, purchase airtime, and pay bills, among other things.”

Launched in February 2020, the fintech startup has processed over three million transactions since its formation, and Kathuli says Kyanda’s its goal is to build a payment ecosystem that serves both Kenya and Africa as a whole.

“We have other markets in our pipeline. This would be achieved best once we establish the market fit for our products, and of course after we’ve built firm roots in the current locations we’re present,” said Kathuli.

With over US$10 billion being moved within South Africa each year, and over 24 million South Africans sending money to each other daily, South Africa is the first stop on a broader expansion journey, according to Disrupt Africa.

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Kenyan digital assets startup, Crypsense, selected for Draper VeChain Accelerator programme

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A Kenyan digital assets startup, Crypsense Digital Group, has been selected for the 2022 Draper VeChain Web 3 Accelerator Programme which will grant it access to mentorship and support.

The 12-week Web 3 Accelerator Programme which is designed to deliver high-growth blockchain companies, is run by Draper University, a leading pre-accelerator and incubator in Silicon Valley, California, USA, and fosters growth of high potential technology startups.

The programme was founded by Timothy Cook Draper, a top tier venture capital investor with the likes of Tesla, SpaceX, Twitter, Coinbase, Skype, and Baidu among his investments.

The Nairobi-based digital assets capacity building and management platform, a brainchild of The Africa Blockchain Centre, and one of the startups at Adanian Labs, a venture studio, was established to nurture, and scale 300 impact-driven tech startups across Africa, according to Disrupt Africa.

“This is an amazing opportunity to accelerate Web 3 adoption in Africa through the programme and partnerships.

“We have so much untapped talent and potential within our continent in blockchain and Web 3.

“I am excited for Africa and I can’t wait to see where this opportunity takes us,” Alice Anangi, co-founder and CEO of Crypsense Digital Group, said on Friday.

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Egyptian food-tech startup, Bonbell, secures $350k in initial funding round

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Egyptian food-tech startup, Bonbell, has secured $350,000 in an initial funding round through a Canadian angel investor for the App services development.

Bonbell, a food ordering technology startup, according to the Chief Business Officer of the company, Doaa Abdel-Hameed, is seeking to increase the number of restaurants it covers to 750 by the end of 2022 across Egypt and other North African country.

She added that the startup is negotiating with two other venture capital funds in Europe and the GCC to raise $10 million in seed funding by the end of the year.

“We aim to help restaurants in offering an easier food ordering experience to their customers, either through food delivery or reserving a table in the restaurant, as well as take away orders and also the special orders made by customers in their restaurants.

“We pursue a better experience for the Egyptian user in food ordering; we see a lot of potential and opportunities to do that through developing the App constantly based on the user reviews, and adding more restaurants in all of the Egyptian governorates,” Abdel-Hameed said on Thursday.

Abdel-Hameed emphasized that the Bonbell has, in the past six months, earned the trust of more than 12,000 customers who used the app in food ordering in all ways offered.

She added that the success of the
Bonbell App, in offering the best experience to its users can only be done through strategic partnerships with many more restaurants, in addition to the constant development of the technology used in the App, as well as relying on offering inventive solutions to the Egyptian user such as Robotic Stations service.

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