Fintech startup, Afriex, has raised a seed funding round worth US$1.2 million as it bids to scale its payments and remittances platform across Africa. Founded in late-2019, Afriex provides instant, zero-fee transfers to Africans at home and in the diaspora. The startup’s platform allows users to deposit cash on the app, send money to a bank account or another user, and withdraw money to a connected bank or debit card.
Continue reading “Afriex raises $1.2M for African expansion”
By TAGE KENE-OKAFOR | Techpoint Africa
Following its expansion to South Africa, Kiakiaprint, a Nigerian print-on-demand startup, is now live in the North American countries of Canada and the US. The expansion news coincided with the startup’s partnership with online design and publishing company, Canva.
Continue reading “Nigeria’s Kiakiaprint Expands into US and Canada”
By GLOBE NEWSWIRE
NEW YORK — Verityhurst (Pty) Ltd, a South African-based Private Equity firm announces its North America operation offices will be opening in November 2020. The North America operation office will be located in New York City, and will be headed by a Vice President, who will be recruited in NYC.
Continue reading “Verityhurst Announces the Opening of its North America Operation Offices in New York City”
By John Wanjohi | Mwakilishi.com
African Diaspora Asset Managers (ADAM) Limited, which is targeting Kenyans and other African clients abroad, has been granted a fund manager’s license by Kenya’s Capital Markets Authority (CMA).
Continue reading “Company Targeting Kenyans in Diaspora Obtains Fund Manager License”
Do you live around Oklahoma City, Tulsa in the State of Oklahoma? And you’ve been checking for an affordable freight forwarding company that ships from USA to Nigeria as well as delivering cargo from Nigeria to USA?
Continue reading “Adelove Shipping opens new locations in Oklahoma City and Tulsa”
By Tomiwa Onaleye | TechNext
U.S-based Fintech firm, Esusu Financial has raised a $2.3 million in seed extension to boost its expansion plans in the States. The funding round was led by Acumen Fund, Concrete Rose Capital, Global Good Fund, Impact America Fund, Next Play Ventures, and Zeal Capital Partners.
Continue reading “Nigeria-Inspired Fintech Esusu Raises $2.3 Million in Seed Extension to Fuel Its Expansion to 1M Rental Units”
- By Blueprint Newspapers Limited
The Caribbeans and Africans, particularly Nigerians in Miami area and beyond are in for a big treat as an upscale lounge, Savor Wynwood has berthed.
Continue reading “Afro-Caribbean lounge, Savor Wynwood berths in Miami”
Skynamo, the South African-based SaaS provider of field sales technology, has selected Atlanta as the new location of its North American headquarters after securing a $30 million dollar investment from software investment firm, Five Elms Capital, earlier this year. The headquarters is located in The Battery Atlanta.
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By Danielle Naer | The Zoe Report
With today’s e-tailers, the latest It-bag from Paris is hardly ever out of reach, nor is a pair of handcrafted Italian shoes. So, when Amira Rasool visited Africa for the first time, she was inspired by all the luxurious designs — but immediately had questions.
Continue reading “Meet The Folklore: A Concept Store That Exclusively Stocks Luxury Designers From Africa & The Diaspora”
The African diaspora sends more money to Africa than U.S. foreign aid and foreign direct investment. In 2018, sub-Saharan Africa received $25 billion in development assistance. In that same year, immigrants in the United States sent $46 billion in remittances to their home countries in Africa, out of a total of $150 billion sent from the United States globally.
Continue reading “How Remittances From Africans in Petit Senegal in New York Builds Wealth Abroad”