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SA bitcoin payments startup Centbee raises fresh funding

Centbee, the South African bitcoin cash wallet has secured additional funding from an Amsterdam-based VC fund Two Hop Ventures to further develop its products.  “We’ve enjoyed a high user growth rate and have a clear path to revenue. With Two Hop’s support, we’ll continue building more utility into our products by leveraging the BSV blockchain and delivering world class app functionality to our users,” Angus Brown, co-CEO of Centbee said.  Read more from source article: https://afrikanheroes.com/2020/02/23/south-africas-bitcoin-startup-centbee-raises-additional-funding-after-earlier-1-3-million/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

South African Airways Faces Long Haul After Funding Lifeline

South African Airways finally secured the funding it needs to keep flying for the time being, yet there’s still a long way to go before the state-owned carrier can claim to be stable. SAA probably has enough cash to keep operating for as long as eight months after the Development Bank of Southern Africa stepped in with a 3.5 billion rand ($240 million) injection, according to Joachim Vermooten, an independent aviation consultant. The carrier is running at a loss of about 500 million rand a month and the situation may deteriorate as it scraps flights and reduces ticket prices to attract wary customers, he said. Read more...

Egyptian beauty services platform Glamera expands to Saudi

Glamera, a Cairo-based beauty services platform has expanded to Saudi with the launch of its service in Riyadh, it told MENAbytes today. The move comes a few months after Glamera raised $250,000 in seed funding from a Saudi angel investor. Launched last year, Glamera enables users to book appointments for different beauty and health services at beauty salons and clinics, spas, gyms, diet clinics, and dental clinics, using its mobile app (available for both Android and iOS). The startup now has close to 500 service providers in its network including 80 in Riyadh and claims to have served over 70,000 users since its launch in July 2019. Read more from source article: https://www.menabytes.com/glamera-saudi/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Funding Secured to Tackle East Africa Locust Invasion

Nairobi — EFFORTS to tackle the worst invasion in years by desert locusts in East Africa have received a major boost after the United States provided $8 million (R120,7 million). The funding will support ground-based and aerial intervention efforts in Ethiopia, Kenya and Somalia where billions of pests are devouring crops and vegetation as well as destroying livestock pastures. This announcement brings the US government's response to the outbreak of locusts to nearly $9 million (R135,8 million), including funding already provided to the United Nations Food and Agriculture Organisation (FAO) in Ethiopia to control and prevent the spread of the infestation, train more than 300 pest experts...

Singapore fintech startup Hoolah expands to Malaysia

Hoolah a Singapore-based fintech company, announced it is bringing its interest-free installment solution to Malaysia. Founded in 2018, Hoolah allows consumers to pay for their purchases in three monthly installments without any interest or fees. By partnering with over 300 merchants in Singapore, the company claims to have delivered an average 20% to 30% increase in conversion and basket size. In 2018, Hoolah raised a seven-digit funding round led by AccelerAsia Ventures and Aletra Capital Partners. The startup is now expanding outside of Singapore and bringing its buy now, pay later solution to merchants across Southeast Asia, with Malaysia as its first new market. Read more from source...

Chinese logistics service platform, Yimidida raises $143m in Series D+ round

Shanghai-based logistics solutions provider Yimidida Supply Chain Holdings Ltd has garnered approximately 1 billion yuan ($143 million) in its Series D+ round from a set of undisclosed investors, per a company statement on Tuesday.  Read more from source article: https://www.dealstreetasia.com/stories/china-yimidida-series-d-round-175368/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Nigerian solar startup Daystar Power raises $4m debt funding

Daystar Power, a Nigerian renewable energy firm, has closed $4 million debt financing from SunFunder. Daystar Power will invest the new funds in producing up to 3MW of C&I projects for clients including top tier financial institutions and other small and medium-sized enterprises. This will mitigate over 100,000 tons of CO2 emissions annually. Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors that result in at least a 20% reduction in energy costs and 50% reduction in diesel consumption for end users. Rim Azirar, who led the transaction for SunFunder, highlighted the scalability in both the structure of the loan and Daystar’s...

Nigerian Cryptocurrency Startup Bitfxt Technology Raises $15M

Bitfxt, a Nigerian cryptocurrency startup, has raised $15M Series A funding from a UK syndicate of Hedge Funds and UK company, Payitup Clearinghouse Ltd (UK). In a press release to African media platforms, Franklin Peters – CEO, Bitfxt expressed excitement and the possible benefit his startup could bring to the African ecosystem. Bitfxt currently runs a hybrid exchange, cryptocurrency-powered ATM cards, and a global payment platform called Boundless Pay.  With the latest funding, Bitfxt intends to expand into new markets and improve existing products. According to the latest PR, users of Boundless Pay will have options of settling in the US dollar or Nigerian Naira through our portal and...

South African event ticketing platform Howler secures growth funding

Event ticketing and cashless platform Howler has secured its second round of growth capital investment from three partner companies: Techstars, Platform Investment Partners Growth and Platform45. The ticketing and cashless technology platform for medium to large-scale events has to date processed over R1.5 billion worth of transactions and millions of tickets across thousands of events. The latest phase of funding, for an undisclosed amount, has been raised to further develop Howler’s end-to-end event technology stack, grow market share in Sub-Saharan Africa, and expand into Europe and Asia Pacific countries. Shai Evian, co-founder and CEO of Howler, says: “Being our second round of investment, this is really significant for Howler for...

SA insurtech startup JaSure raises funding from Santam

Short-term insurer Santam has invested an undisclosed amount in JaSure — a Johannesburg based insurtech which has done away with the role of CEO. JaSure allows users to get insured on the go via an app it launched in the middle of last year. Users can insure tech (including cellphones and laptops), bicycles and other sports gear, photography equipment, eyewear, camping gear and musical instruments for accidental damage, loss and theft worldwide, with the tap of a button. The startup claims that protecting an item with JaSure takes just two minutes. Users submit claims without needing to fill out any paperwork, by using a video feature instead, with the claim...