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This startup is on a fast track to success. Despite only launching two months ago, edtech startup Teesas has secured $1.6 million in a pre-seed round to enhance Nigeria’s education sector through tutoring. TechCrunch reports that the round was led by Haresh Aswani, Tolaram Group’s Africa managing director, and included others like Olivegreen Advisory Partners plus more. The funds will propel the edtech startup into additional markets throughout Francophone, East, and Southern Africa. The investment will also create a marketplace to connect learners to more private lessons with tutors and integrate other products on the platform.
Payment gateway CinetPay has received $2.4 million in seed funding to further its mission to provide an online payment solution in Francophone Africa. The round was led by Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave, TechCrunch reports. Founded by Idriss Monthe and Daniel Dindji, the birth of CinetPay was due to an uncanny experience Monthe experienced after a slew of issues arose to collect payments at his former startup CinetCore. “When we launched our website to sell domain names online, we faced difficulty in collecting online payment after creating many PayPal accounts which were blocked by PayPal because we were in Africa,” Monthe said, according to TechCrunch. Determined to create a solution that would benefit many others who face similar obstacles in Francophone Africa, CinetPay was born in 2016. Enlightened by the realization that the majority of the African population have a mobile bank account, and up to 20 percent have access to a bank and...
The African continent has experienced severe challenges in its pharmaceutical supply chains for decades leaving many people without access to medication. TechCrunch reports, “In response, the co-founders created and piloted a tech-based platform in 2015 linking manufacturers with distributors. This plan failed to take-off as it immediately became clear that a platform alone would not suffice.” In 2017, the outlet reports, those co-founders Chibuzo Opara and Adham Yehia launched DrugStoc officially to connect drug store companies with hospitals and pharmacies in Nigeria. The new model, however, proved to be successful due to new infrastructures such as fulfillment centers and warehouses to facilitate orders, packaging, shipment of products, and customer support units. Since its inception, the e-health drug procurement platform has delivered pharmaceutical products to 100 million people and has connected 400 manufacturers to 3,200 doctors, hospitals and pharmacies. The company plans...
The crypto space just received a huge nudge from one of the most prominent artists in history. Mariah Carey will be teaming up with cryptocurrency platform Gemini — founded by Cameron and Tyler Winklevoss — in an effort to bolster financial empowerment for women, Rolling Stone reports. The Winklevoss founders felt convicted to work with the “We Belong Together” singer due to her global influence and peaking activity in financial instruments. In a video posted to Mariah Carey’s social platforms, she credits Gemini’s free educational resources such as Crytopedia, for her now acquired knowledge regarding better investment practices using cryptocurrency. https://www.instagram.com/p/CVN0qhYoKd8/?utm_source=ig_web_copy_link To encourage her fans to tap in, the global star will be gifting fans $20 in the form of bitcoin when users sign up with the code “MARIAH.” A portion of the trades will be allocated toward Black Girls CODE, a nonprofit on a mission to train one million Black girls on...