Day: August 9, 2023

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Phuthi M.Dabengwa

Phuthi M-Dabengwa

Phuthi Mahanyele-Dabengwa is a prominent South African businesswoman and entrepreneur.

From her humble beginnings in Soweto, South Africa, to becoming a powerhouse in the corporate world, her journey is a testament to resilience, determination, and unwavering commitment to excellence. She is known for her remarkable achievements in the corporate world, particularly in the areas of investment and development in Africa. She has held several influential positions in various companies and organizations, notably as the CEO of Shanduka Group, an investment holding company.

Phuthi Mahanyele-Dabengwa’s dedication to driving economic development and empowering African businesses earned her recognition as one of Africa’s most powerful women in business by Forbes. Her influence in the corporate world extends beyond the corporate world as she is involved in social impact initiatives and philanthropy. Her career journey and accomplishments have made her a trailblazer for women in the business sector, inspiring many aspiring entrepreneurs and business leaders across Africa.

Her commitment to driving positive change and contributing to the growth of the continent’s economy has also solidified her reputation as a respected and influential figure in the African business landscape. Phuthi is currently serving as the CEO of Naspers Limited, a global internet group and one of the largest technology investors in the world.

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Ahmed Wadi

Ahmed is an Egyptian fintech entrepreneur passionate about improving financial inclusion and empowering communities through technology.

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May 30, 2023
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Kenya’s Lipa Later and Mastercard join forces to accelerate Buy Now, Pay Later solutions across Africa

Key Developments

Kenya's Lipa Later and Mastercard join forces to accelerate Buy Now, Pay Later solutions across Africa

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Kenyan startup Lipa Later has entered into a strategic partnership with Mastercard to accelerate the adoption of Buy Now, Pay Later (BNPL) solutions throughout Africa.
 

This collaboration signals a significant advancement in the region’s payment landscape, providing consumers with enhanced flexibility in managing their purchases.

Lipa Later has emerged as a pioneer in offering innovative credit solutions that allow consumers to make purchases and pay for them in installments.

This strategic alliance with Mastercard will amplify Lipa Later’s reach and impact, bringing BNPL options to a broader audience across the African continent.

The partnership aligns well with the growing trend of BNPL solutions gaining traction globally, as consumers seek more flexible and manageable ways to make purchases. 

Through its technology and network, Mastercard will empower Lipa Later to scale its BNPL services efficiently and securely across multiple markets.

By allowing consumers to spread payments over time, BNPL solutions offer an alternative to traditional credit options and align with changing consumer preferences.

The Lipa Later-Mastercard partnership signifies a noteworthy advancement in the African fintech landscape, as BNPL solutions gain momentum and become an increasingly integral part of modern commerce.

This collaboration holds the potential to reshape consumer behavior and financial access, ultimately contributing to more inclusive and digitally empowered economies across the continent.

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Kenyan fintech Melanin Kapital secures Pre-Seed funding from Adaverse Accelerator

New Investments

Kenyan fintech Melanin Kapital secures Pre-Seed funding from Adaverse Accelerator

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Adaverse Accelerator, a prominent venture capital firm with a focus on fostering innovation across Africa, has Melanin Kapital with pre-seed funding.
 
 

Melanin Kapital is a Kenyan fintech startup on a mission to ensure that every African SME is eligible to climate finance to grow their business

Founded in 2020, the startup is a last-mile carbon financing platform for African SMEs that helps SMEs access green equipment faster and cheaper by using carbon credits and climate financing.

The funding secured from Adaverse Accelerator will play a pivotal role in further accelerating Melanin Kapital’s mission.

Melanin Kapital stands out as a platform that strategically bridges the opportunity divide in Africa between the dynamic realm of green finance and the urgent call for climate action.

By synergizing cutting-edge technologies such as AI and blockchain, along with climate Key Performance Indicators (KPIs), they deliver a tailor-made AI-driven climate scoring mechanism seamlessly embedded within a digital lending framework.

This empowers both lenders and enterprises to meticulously monitor climate-focused KPIs while gaining access to carbon credits designed for small and medium-sized enterprises (SMEs).

This alignment of business performance with ecological objectives not only paves the way for SMEs to secure Africa-centric sustainable finance and climate funding but also unlocks novel pathways for their participation.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Egyptian AI recruitment startup Talents Arena secures $750K in Pre-Seed funding

New Investments

Egyptian AI recruitment startup Talents Arena secures $750K in Pre-Seed funding

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Egyptian AI-driven recruitment platform Talents Arena has raised $750,000 in pre-seed funding.

The investment round was spearheaded by UI Investments, with the participation of several prominent Saudi and regional angel investors.

Founded in 2019, Talents Arena aims to revolutionize the traditional recruitment proceby by integrating cutting-edge artificial intelligence and data analytics.

The company’s platform utilizes advanced algorithms to streamline and optimize the candidate sourcing, screening, and selection processes, ultimately reducing the time and resources required for companies to identify the right talent.

Talents Arena employs a multifaceted approach to talent acquisition, utilizing machine learning algorithms to match candidates with suitable roles based on their skills, experience, and preferences.

This data-driven approach improves the accuracy of candidate selection and helps predict candidate success and longevity within a given role, providing companies with invaluable insights for long-term organizational growth.

The success of this funding round and the strategic partnership with UI Investments provide a strong foundation for Talents Arena to pioneer innovations in the recruitment space, reshaping how organizations discover, assess, and onboard talent in the years to come.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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