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Tekedia Capital congratulates our portfolio company, Bitmama, for MANSA Partnership

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Tekedia Capital congratulates our portfolio company, Bitmama, for this partnership: “MANSA, a leading DeFi platform focused on cross-border payments and trade financing, has announced a strategic partnership with blockchain payment platform Bitmama, to enhance cross-border payment accessibility across Africa…Through this strategic partnership, MANSA will provide the necessary liquidity for Bitmama to pre-fund accounts across its 18 serviced countries.”

The operating system of the market system is finance because at the end of everything, it comes down to money and payment. When the frictions associated with payments are removed, markets improve. Bitmama, keep winning markets and territories.

At Tekedia Capital, we invest in companies which reduce market frictions and advance communities.

MANSA Partners Bitmama to Boost Cross-Border Payment Accessibility Across Africa

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MANSA, a leading DeFi platform focused on cross-border payments and trade financing, has announced a strategic partnership with blockchain payment platform Bitmama, to enhance cross-border payment accessibility across Africa.

African payment companies often face significant challenges in establishing cross-border payment services, primarily due to the need for maintaining pre-funded accounts in multiple countries. This requirement can be a major hurdle due to limited capital, stifling innovation, and creating liquidity gaps. Bitmama, which enables users in over 18 countries to send and receive payments in various currencies, has developed a platform to facilitate cross-border settlements but requires sufficient liquidity in each country it serves.

Through this strategic partnership, MANSA will provide the necessary liquidity for Bitmama to pre-fund accounts across its 18 serviced countries. This collaboration will expand payment capabilities for consumers and bolster cross-border trade for businesses across Africa.

Speaking on the partnership, Mouloukou Sanoh, CEO and Co-Founder of MANSA said,

“Our partnership with Bitmama represents a significant milestone for MANSA. By supplying the liquidity needed to pre-fund accounts, we’re empowering individuals and businesses with improved cross-border payment services. This aligns perfectly with MANSA’s mission to bridge the liquidity gap that hinders entrepreneurs and businesses across Africa and other emerging markets.”

MANSA’s partnership with Bitmama is coming after the DeFi platform last month, launched its first pool on base for emerging markets, to help businesses overcome USD limitations and manual processes that have long-constrained growth. Base is a secure, low-cost Ethereum-equivalent L2 blockchain built on the OP Stack by Coinbase, enabling Mansa to offer more efficient and accessible financial services to its clients.

MANSA leverages blockchain technology to offer transparent and accessible means of trading and managing assets. Since its launch last year, it has rapidly expanded its presence across key African markets, offering innovative liquidity solutions to support growth and promote financial inclusion growth. The startup works closely with major liquidity providers in the DeFi ecosystem to fulfill its mission.

On the other hand, Bitmama which launched in 2017, has quickly grown to become one of Africa’s leading and most secure payment platforms. The highly secure crypto platform, enables users to buy, sell, or trade Bitcoin, Ethereum, Tether (USDT), Celo, Stellar, USDC, and other cryptocurrencies at the best rates.

The partnership between MANSA and Bitmama is poised to significantly boost cross-border payments across Africa by addressing key challenges that have historically limited the efficiency and reach of such services. Also, this will ultimately support economic growth and financial inclusion across the African continent.

Kenyan AI-Powered e-Commerce Platform Chpter, Raises $1.2M Pre-Seed Funding

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Chpter, a Kenyan AI-powered platform that enhances business sales in social media platforms like WhatsApp and Instagram, has successfully raised $1.2 million in a pre-seed funding round.

The round was spearheaded by Ken Njoroge, co-founder and CEO of Cellulant, through his investment firm PANI. The round also saw contributions from other investors which include Plesion Capital, Techstars, Norrsken, Renew Capital, Viktoria Ventures, and notable Angel investors like Benjamin Fernandes, founder and CEO of NALA, and Paul Kimani and Jackson Kibigo, co-founders of WorkPay.

With the funds raised, Chpter aims to use to it address three areas which include; (1) Fast-track the development of their conversational commerce platform. (2) Extend their reach across more Sub-Saharan African countries, and (3) Bolster their sales and marketing initiatives in response to increasing demand for major brands.

Speaking on Chpter’s raise of funds and mission, Tesh Mbaabu, Co-founder and CEO at Chpter said,

We are thrilled to pioneer the social commerce revolution, starting in Africa, as more and more consumers turn to social channels such as WhatsApp, Instagram, Facebook, and TikTok to communicate and purchase from the brands they love. Specifically, WhatsApp’s role in business communication cannot be overstated. With more than two billion active users, it offers an unparalleled platform for businesses to offer support, engage in sales conversations, and maintain customer relationships”.

Also commenting on the funding round, Ken Njoroge, Managing partner at PANI said,

“At Pani, we’re always on the lookout for founder teams with incredible grit they embody the relentless passion and fight needed to build in Africa. When we find such founders, we walk with them & invest in them. For this reason, we’re glad to be part of the Chpter story and to support the growth of a product with the potential to transform how we buy and sell across the continent.”

Launched in Kenya in 2022, Chpter ensures that businesses are capitalizing on the power of social media platforms to drive more sales by meeting customers where they already are, fostering stronger customer connections through personalized marketing, handling customer conversations across multiple platforms by unifying chats in a single dashboard.

Chpter’s approach to leveraging social media platforms for e-commerce is centered around WhatsApp, a widely used platform that has over 2 billion active users worldwide. The messaging platform’s wide adoption, low data consumption, and user-friendly interface make it particularly suited for markets with low digital literacy.

Also, Chpter has secured approval as a Meta Partner, enabling them to offer advanced Meta features globally. This includes setting up product catalogs for seamless checkout on WhatsApp, running market campaigns across Meta platforms, and providing enhanced solutions for businesses on WhatsApp, Facebook, and Instagram.

Notably, the startup has rolled out Chpter.AI which allows businesses to deploy AI-powered chatbots and customer service agents, ensuring that no sales opportunities are missed due to slow response time. Chpter is already operational in Kenya and South Africa, serving a diverse range of industries including e-commerce, financial services, education, and more.

Notable clients include Britam, Decathlon, Dovey Pharma, and TSHEPO, among others. With plans to expand into five more markets, including Nigeria, Ghana, Egypt, and Morocco, Chpter is poised to become a global leader in conversational commerce.

The next Tekedia Capital Syndicate begins on Oct 7, 2024

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The next Tekedia Capital Syndicate begins on Oct 7, 2024. Join us for an opportunity to own a piece of some of the world’s finest startups. We are bringing foundational startups across many industries and from many territories. Go here and learn more https://capital.tekedia.com/course/fee/

Tekedia Capital offers a specialty investment vehicle (or investment syndicate) which makes it possible for citizens, groups and organizations to co-invest in innovative startups and young companies in Africa and around the world. Capital from these investing entities is pooled together and then invested in a specific company or companies.

Membership Fee of $1,000 (or ?750,000 ) for 4 Investment Cycles

Pay for your 4-cycle membership fee. The fee provides access to 4 investment cycles of Tekedia Capital deal flow. We typically do 2-3 cycles per year (i.e. 12 months). After payment, our team will give you access to the deal flow board.

Congratulations, Tekedia Mini-MBA edition 14 graduates, Your Certificates Are Ready

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Sample certificate to be issued to co-learners

Congratulations, Tekedia Institute Mini-MBA edition 14 graduates. This is just to update that all the certificates are now ready. Admin has started sending them out . You will get a link, follow the instructions. As always, every certificate issued by our Institute is auto-verifiable using the unique code on the certificate.

Celebrate your achievement and let the world know that you are an alumnus of our amazing Institution. Update your LinkedIn profile as follows:

-Go to Education section in your LinkedIn profile:

-School: Tekedia Institute

-Degree: Mini-MBA

-Field of Study: Business Administration Management, General.

And most importantly, the real value of Tekedia Mini-MBA is in the application. Go and WIN in the markets, and advance the wealth in communities. Thanks for co-learning with us. And return for other programs.