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Daily Digest Tuesday, 2 June 2020

Funding In Africa DHL Expands Footnote in Africa, Acquires Stake in Link Commerce In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Read more Funding In Other Emerging Markets GoBear Accelerates Its Transformation To Become Asia's Leading Financial Services Platform With US$17M Fundraised Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Read more Call For Applications [APPLY] UNECA COVID-19 Innovation Challenge The Innovation Challenge 2020 of the Forum seeks...

Awief opens nominations for its 2020 awards

The Africa Women Innovation and Entrepreneurship Forum (Awief) is calling for nominations for the Awief Awards 2020. The awards, which are to be held in December, aim to honour female founders and entrepreneurs designed to recognise and celebrate their contribution to the growth of Africa’s economy. In a statement last week, the organisation said this year a new award category, the Energy Entrepreneur Award, has been created to recognise excellence in the power, oil and gas, and renewable energy sector. Nominations for the Awief Awards 2020 close on 30 June Said Aweif founder and CEO Irene Ochem: “We have an obligation, now more than ever, to recognise and showcase...

DHL Expands Footnote in Africa, Acquires Stake in Link Commerce

In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing online-sales in emerging markets. With their platform, retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages payments and logistics. With the investment one of the world’s largest delivery services looks to build a broader client-base globally using a business built in Africa. “DHL is trying to get their hands more into global e-commerce…across the world and...

GoBear accelerates its transformation to become Asia’s leading financial services platform with US$17M fundraised

GoBear, a Singapore-based financial services platform, raised US$17M in fifth funding. Backers included existing investors Walvis Participaties and Aegon N.V. The company intends to use the funds to accelerate development of its financial services platform. Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Alternative data – including consumer behaviour and digital footprints – gives the company insights to assess and price risk, work with partners to identify market gaps, and cocreate financial products. Having commenced in Singapore since early 2015, the company is now in 7 markets: Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, Thailand...

[APPLY] UNECA COVID-19 Innovation Challenge

Introduction to the Forum The novel coronavirus 2019 (COVID-19) threatens to undo the hard-earned health, economic and social development gains that Africa has registered since 2000. COVID-19 has overrun well-resourced healthcare systems of some developed and developing countries and several organizations, including WHO, have issued cautionary statements encouraging African countries to boost their healthcare capabilities to meeting the impending surge in infections. Africa traditionally depends on external supplies of medical equipment, diagnostic reagents and tools, protective gear and medicines. With a global scramble for limited medical supplies, Africa may have to turn inwards. The continent may need to leverage the limited technology and innovation capabilities, harness and...

Daily Digest Monday, 1 June 2020

Funding In Africa African Neobank, Eversend Exceeds Target Of €550,000 In Seeders Crowdfunding Campaign. African Neobank, Eversend, has successfully exceeded its initial target of €550,000 crowdfunding target through its Seedrs crowdfunding campaign. This comes after Eversend announced Its plans to hold a crowdfunding campaign on Europe’s largest equity platform, Seedrs. Read more Funding In West Africa Benin Business Angel Network invests US$16K in Ylomi Ylomi, an online service that matches customers with vetted local professionals, has raised CFA10 million (US$16,600) in seed funding to strengthen its team with a focus on scaling.  Read more Funding In Southern Africa SA founded water drone startup Ranmarine Technology lands Series-A investment Netherland-based startup RanMarine Technology,...

[APPLY] MARINE INSTITUTE CULLEN SCHOLARSHIP PROGRAMME 2020

Marine Institute Cullen Scholarship Programme 2020. The Marine Institute is pleased to announce a call for proposals from academic institutions to host Cullen Scholars and provide research training opportunities for scientists in marine and related disciplines leading to the acquisition of a higher degree (PhD). Proposals are invited from suitable research supervisors at Higher Education Institutions on the island of Ireland with the necessary competence to host/co-supervise the Cullen Scholar in collaboration with the named Marine Institute Supervisors. The Cullen Scholars will be based primarily at a Marine Institute location during their Scholarship in Fisheries Ecosystems Advisory Services (FEAS – Galway and Newport) Irish Maritime Development Office (IMDO...

SA founded water drone startup Ranmarine Technology lands Series-A investment

Netherland-based startup RanMarine Technology, founded by South African Richard Hardiman, has netted a Series-A investment from European investor Boundary Holding. The startup has designed the WasteShark a 24-hour on-the-water drone. The solar-powered drone collects detritus, marine waste and chemical substances from ports and canals. While Hardiman (pictured above) founded the startup in 2015 in South Africa, the company was later re-incorporated in the Netherlands at the start of 2018 as RanMarine Technology BV. The deal was initially reported in the London Daily Post in an article on Tuesday (26 May). Hardiman (pictured above) told Ventureburn in an email yesterday that Boundary Holding invested in the startup’s European entity. The deal was in the works...

Benin Business Angel Network invests US$16K in Ylomi

Ylomi, an online service that matches customers with vetted local professionals, has raised CFA10 million (US$16,600) in seed funding to strengthen its team with a focus on scaling.  The equity investment, which will come with mentoring for the team and other in-kind support, was made in Ylomi by the Benin Business Angel Network (BBAN).  BBAN is a network of Business Angels based in Benin. Launched in April 2019 at the end of the Early Stage Startup Investment Conference (ESSIC), it is made up of local entrepreneurs and the diaspora, investors and professionals willing to invest their money, open their networks and guide ecosystem entrepreneurs.  Next article: InspiraFarms closes Series B to...

AFRICAN NEOBANK, EVERSEND EXCEEDS TARGET OF €550,000 IN SEEDRS CROWDFUNDING CAMPAIGN

African Neobank, Eversend, has successfully exceeded its initial target of €550,000 crowdfunding target through its Seedrs crowdfunding campaign. This comes after Eversend announced Its plans to hold a crowdfunding campaign on Europe’s largest equity platform, Seedrs. Eversend is an African neobank with a multi-currency e-wallet that allows people to exchange, spend, and send money across borders, Insurance, virtual debit cards, and bill payments. The company now offers 7.67% with a €6,616,739 pre-money valuation. The company stated, “For Africans and Africans in the diaspora that experiences inconvenient and expensive financial services, Eversend is a one-stop financial services hub to exchange, save, manage and send money at the best possible rates, both...

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