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Web3 Afrika Dev Roundup Sept19th -23rd more funding announcements+ What's new+ flutterwave adds google pay +story of the week
✨Funding News.
➥ Yellow card closes $40M Series B funding.
Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.
The funding will enable the company to drive exponential business growth, continue its successful expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa.
➥Kenyan insurtech startup turaco_insure has secured a $10m Series A equity round
It was led by AfricInvest, via the Cathay Africinvest Innovation Fund and existing investor Novastar Ventures. The round also included participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures Limited, and Push Ventures.Founded in 2019, Turaco is a distributor, broker, and key customer interface between the underwriter and the end consumer.
The insurtech company’s mission is to free people from the fear of financial shocks caused by unexpected health risks. Turaco can achieve this through a B2B and B2B2C business model, forming partnerships with top tech-enabled companies with a large pool of customers or staff in emerging markets, including some of the continent’s most trusted brands such as Sun King, One Acre Fund, Tugende, M-KOPA, and Vision Fund.
WHAT'S NEW🌍🚀
➥Nigerian fintech Flutterwave is adding Google Pay, a mobile payment service developed by Google, as a payment method.
Google Pay is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices. This new payment option will enable users to make payments with Android phones, tablets, watches, and other devices. Through Google Pay, customers can make payments using the phone instead of a bank card or cash.
As part of this collaboration, Google Pay will serve as an additional payment option for merchants on Flutterwave for business. This collaboration happened just a week after adding the eNaira wallet.
➥In Nigeria, three teens are doing their part to tackle climate change.
The teens have developed an app to help raise awareness about climate change and its effects.
READ OF THE WEEK😉
🚀 Product Launch in progress
As you all know the NGENI innovation and creativity never ceases, we have now worked on and developed a product/app You've probably heard it before🤟Be inclusive, welcome perspectives & collaborate on ideas💥On Wednesday we held a mini event to preview one of our upcoming products.💯🔥 The invited guests were friends to ngeni and Some Developers ,designers who had not interacted with the app to preview and give their input and ideas .💡
Based on the perspectives that have been shared it was evident that teamwork and sharing ideas works magic which is ultimately the best decision for the organization. An added advantage that we had by inviting our own people was the diverse perspectives on an individual level, which makes one feel appreciated and heard.🔥
We are all moving in a direction towards a common goal in our organization and when everyone contributes their perspective to this goal ,we can get there more effectively and more successfully. The product/app that we are yet to unveil is called the DIANI APP. If you love to travel and enjoy hassle free services and deliveries while on a vacation in Diani, this app is for you. Stay tuned for the official launch.🙌
Can't wait to share it when it's done👌⌛
Thanks for reading👌
Contact us: NGENI Linktree
Shiko Karanja✍
ABOUT NGENI🔥
NGENI is Kenya and East Africa's first pure-play and largest Blockchain & Web3 development engineering Studio with a 60-plus-person team. The studio recruits and trains recent graduates from STEM Universities across Kenya and today has twenty-five (25) talented developers, at our Kilimani Headquarters.
All engineers have successfully taken on complex coding challenges, and hackathons and have ultimately delivered on complex multi-Blockchain applications, bots, and dApps for international projects.