Connect with us

Tech

South African startup Talk360 secures $4m funding to expand calling business

Published

on

South Africa calling app startup, Talk360, has secured a $4 million seed funding which will enable it launch a new pan-African payment platform in mid-2022.

The Talk360 app which was co-founded in 2016 by South African venture builder Dean Hiine along with Dutch entrepreneurs, Hans Osnabrugge and Jorne Schamp, enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide.

Talk360 is easily rated as Africa’s leading international calling app, with offices in South Africa, the Netherlands, India and Nigeria, and has connected more than two million people since coming on board.

With the $4m seed round of funding it secured from HAVAÍC, 4Di Capital and several prominent fintech angel investors, including unicorn founders, Talk360 says it is planning to the launch of a new pan-African payment platform.

“From the start, our mission was to bridge distance and connect lives by offering reliable, affordable, and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world,” said CEO Hiine.

“The Talk360 app is now the number one calling app in Africa, independent of users’ currency or preferred way of payment.

“Thanks to our +750,000 physical points of sale and ability to support mobile wallets, our reach goes beyond the traditional credit and debit card support that international companies usually use.

“We now have enough traction to attract internationally renowned investors to expand our footprint and allow other companies to use our unique single checkout payment platform for all of Africa,” Hiine added.

Tech

Nigerian fintech startup, CredPal, secures more funding from Cairo Angels syndicate

Published

on

A Nigerian fintech startup, CredPal, has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund, to expand its “buy now, pay later” incentive to customers.

Launched in 2018 by the duo of Fehintolu Olaogun and Olorunfemi Jegede, CredPal has placed itself as one of Nigeria’s most preferred consumer credit platform that gives buyers the freedom to “buy now and pay later” and helps merchants acquire more customers to increase their sales.

According to Disrupt Africa, the Google-backed CredPal has over 85,000 active customers and over 4,000 onboarded merchants, with the company announcing in March it had raised US$15 million in funding to expand its consumer credit offerings in Nigeria and to scale across Africa.

While speaking on the new funding, Olaogun said:

“This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit.

“My co-founder and I are very pleased to have them as investment partners and can’t wait for how much we’ll achieve together.”

The Cairo Angels is Egypt’s first formal network of angel investors, and since its formation has been one of the most active early-stage investors in startups and high-growth businesses in the Middle East and Africa, with 31 investee companies across 18 different sectors.

Continue Reading

Tech

Nigerian auto tech startup, Autochek, partners with Kenya’s Pezesha to provide asset financing to African SMEs

Published

on

Nigerian auto-tech digital solution startup, Autochek, has entered into a partnership with Kenyan fintech, Pezesha, to provide asset financing to Africa Small and Medium Enterprises (SMEs).

According to Autochek Kenyan Country Manager, Bilhah Muriithi, the company aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, with the hub starting with Nigeria and Ghana.

“Autochek has been focused on financing retail customers, we are excited to partner with Pezesha whose key focus is on enabling SME lending.

“Autochek will continue to invest in the market while exploring new partnership opportunities to deliver solutions for driving positive change in the automotive industry in Kenya and beyond,” said Muriithi.

Autochek, Muriithi said, plans to use technology to transform the automotive buying and selling experience for African consumers, by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Having expanded to Kenya late last year, the partnership between Autochek and Pezesha will enable SMEs to acquire auto assets for ease of business operations and growth.

Pezesha was founded in 2016 and has created a holistic digital financial infrastructure that connects small and medium-sized businesses to working capital offered by banks, MFIs, and other financial institutions or networks.

Continue Reading

EDITOR’S PICK

Politics7 hours ago

What next as Nigeria’s Supreme Court knocks out President Buhari’s suit challenging electoral act?

Nigeria’s highest court, the Supreme Court on Friday knocked out a suit filed by President Muhammad Buhari and his attorney-General, Abubakar Malami, to...

Culture7 hours ago

Senegal: Thousands explorers visit as African arts dazzle at Dakar Biennale 2022

The 2022 edition of the Dakar Biennale, an art festival in Senegal has come to an end after a month...

Politics7 hours ago

Ex-Tunisian PM Jebali arrested on allegations of money laundering

Former Tunisian Prime Minister Hamadi Jebali, who is also senior member of the opposition Ennahdha Party, was on Friday, arrested...

Metro7 hours ago

South Sudan activists fight child marriage where girls are sold for cows

A group of South Sudanese activists have come together to fight against an obnoxious practice where young girls are auctioned...

Politics7 hours ago

Final report on corruption probe on ex-South Africa President Jacob Zuma released

The final report on a corruption probe of the nine year rule of former South Africa President Jacob Zuma has...

VenturesNow7 hours ago

World Bank predicts Mozambique economy growing at 5.7% on average

The World Bank has predicted that the economic growth in Mozambique is expected to accelerate in the medium term averaging...

Musings From Abroad8 hours ago

US Supreme Court abolishes abortion right after almost 50-year precedence

The US Supreme Court on Friday reversed a nearly half century old constitutional right to abortion. Justice Samuel Alito who wrote for the Majority argued that the 1973 Roe...

Politics10 hours ago

CHOGM: Commonwealth members should decide their structures of government – Prince Charles

As the 2022 edition of the Commonwealth Heads of Government Meeting (CHOGM) continues in Rwanda, heir to the British throne,...

Politics10 hours ago

Congo DR politician, Vital Kamerhe freed of corruption charges after prolonged trial

The former Chief of Staff to Democratic Republic of Congo’s president, Vital Kamerhe, has been freed from corruption charges after...

Politics1 day ago

Tunisia’s new constitution fails to identify Islam as state religion, President Saied says

The new Tunisian Constitution which was commissioned by President Kais Saied to replace the 2014 Constitution does not list Islam...

Trending