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African tech took center stage in 2021

TechCrunch

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25

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How fintech and serial founders drove African pre-seed investing to new heights in 2020

TechCrunch

She told TechCrunch that last year’s run of 23 pre-seed rounds (10 of which were $150,000+ deals) per Briter Bridges data , was due to the confidence investors had in the market, especially fintech. million; Nigerian automotive tech startup Autochek Africa , which raised $3.4 ”

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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. billion investment that fintechs in Africa raised in 2020, and triple the amount in 2019. This amount was also more than double the $1.35

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Investors are doubling down on Southeast Asia’s digital economy

TechCrunch

Southeast Asian tech companies are drawing the attention of investors around the world. In 2020, startups in the region raised over $8.2 Let’s explore the three key types of investors pouring money into and driving the growth of Southeast Asia’s tech ecosystem. and Chinese tech firms. billion in 2020 from $1.6

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Big Cabal Media, parent company of TechCabal and Zikoko, raises $2.3M seed funding

TechCrunch

For years, tech publications run by local digital media startups have worked hard behind the scenes in placing African startups at the faces of global investors, shaping the narrative of African tech and its build-up to an inflection point last year. BCM was founded by Seyi Taylor and Bankole Oluwafemi in 2013.

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Google to offer 40,000 developer scholarships in Africa; continues accelerator program

TechCrunch

Google will offer the scholarships — created in partnership with tech talent companies Pluralsight and Andela — to developers spread across mobile and cloud development tracks. Last year, due to the COVID-19 pandemic, the first virtual class of Google for Startups Accelerator Africa was launched.