NGENI DEV ROUNDUP CORNER.
Web3 Afrika Dev Roundup June 6-11th more fundings +NFTS and Mastercards +Accelerators in Africa +more opportunities
Friends, we're back! We're back to our regularly scheduled programming, if you’re new, welcome 🙌 you’ll receive a weekly like this one every Monday. For past essays and roundups, visit the previous articles. In today's Edition
Indicina ,a Nigerian Fintech startup raised $3 million in seed funding.
Klasha receives $2.1 million in funding.
Maze has raised $40 million to help facilitate product software research.
Be on the know on the emerging innovative news
Mastercard to allow NFT purchases with cards in multiple web3 marketplaces
Developer of the week and more.
✨RELEVANT NEWS
➦Indicina, a Nigerian fintech startup, has raised $3 million in seed funding
Indicina, a Nigerian fintech firm that is building API-driven credit infrastructure for Africa, has raised $3 million in funding to help it expand into other African countries. It plans to utilize the funds to expand into new African areas, as well as to strengthen its core product offerings, develop more consumer credit recommendation tools, and improve its infrastructure.
Target Global led the funding, Greycroft and RV Ventures also participated in the investment round.
➦Klasha receives $2.1 million in funding to help them grow
The fund was raised from a group of international investors including Greycroft, Seedcamp, Plug and Play, Berrywood Capital, and Breega, and was led by American Express (AMEX) Ventures, the strategic investment department of American Express, and Global Ventures, a MENA-focused VC.
The fund will help merchants from across the world in selling online to African customers and receiving payments in local African currencies, all while providing super-fast last-mile delivery to African customers.
➦ Maze raises $40M to help facilitate software product research
With the raise they are planning to invest in new product solutions, workflow integrations and more advanced features to help democratize product research across larger organizations.
They will keep growing their teams to focus on improving their core product as well as expand to new use cases along the product development process and, ultimately, help streamline product research workflows.
➦GreenHouse Capital, Microsoft select 13 companies for Scaleup Accelerator
Microsoft and GreenHouse Labs partnered earlier this year to launch an accelerator programme targeted at startups at the pre-Series A stage looking to launch into new markets.
The six-week programme aims to provide startups with access to new markets, technology infrastructure, technical skills, and funding opportunities to scale their solutions. It ends with a demo day connecting them with investors.
➦ 9 African startups selected for Norrsken Impact Accelerator
Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem consists of Norrsken House, a co-working space for over 350 impact entrepreneurs in Stockholm, the Norrsken Founders Fund, and Norrsken VC.
📚Be on the know
➦M-Pesa from Safaricom and Visa to offer virtual cards for international transactions
M-Pesa, Kenya’s Safaricom’s mobile phone-based African money transfer service, and Visa have created a virtual payment card in an attempt to take a piece of the continent’s $40 billion-per-year subscription market.
Users will be able to safely pay 100 million global merchants like Amazon and Alibaba from their mobile phones using the M-Pesa Global Pay Visa Virtual card, which will eliminate the need for credit cards or PayPal accounts.
➦Sendy Kenya has partnered with Google to empower Africa’s small and medium businesses.
Sendy has entered into a new partnership with Google to empower small and medium businesses in Kenya, South Africa and Nigeria through the Google Hustle Academy Bootcamp program.
The program seeks to provide MSMEs across the three countries with expert training on business strategy and development, digital marketing, and financial planning. The participants will also have access to key industry leaders and master classes on business to help create opportunities, boost business growth and job creation across the region..
👨💻DEVELOPER OF THE WEEK.
Meet Loyce Ayebare, the driving force behind NGENI’s PR, Marketing, and communications.
Formerly a PR and Events Marketer, Loyce has earned her way into the Blockchain Department and Marketing space and has been a whirlwind at NGENI. Her attention to detail and a curious mind is something we cannot ignore. She loves learning, discovering new things, and Putting herself and her skills to the challenge every other day.
“Some of my responsibilities include marketing, events and planning, Partnerships handling, and being the voice in and outside of NGENI. My goal is to put NGENI on the map as the go-to place for everything Web3, Blockchain, Fintech and Markets Trading not only in Africa but the whole world at large.”
When she is not at work, you will catch her watching a documentary, listening to music, or on the internet trying to feed her curious mind.
🌍INSIDE AFRICA
Million-dollar blockchain projects in Africa finally.
Africa's most popular blockchain growth has been in Nigeria, Seychelles, Kenya, and South Africa
Blockchain financing in the second quarter of this year got off to a quick start, with some noteworthy fundraising by Mara which raised $23 million in Nigeria and Kenya, Jambo which has injected $30 million in the Republic of Congo, and Afriex which pumped $10 million into Nigeria.
Decentralized Autonomous Organization(DAO)
A DAO is a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain.
The blockchain and cryptocurrency rave is not ending anytime soon. And as more people are being introduced to revolutionary technologies in the digital space, new improvements to these technologies are also being introduced.
In the last couple of years, the DeFi and NFT industries have experienced immense levels of growth and, currently, metaverses and Web3 are the technologies making the digital space light up.
About NGENI.
NGENI is Kenya and East Africa's first pure-play and largest Blockchain & Web3 development engineering Studio with a 50-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.
Thanks for reading👌
Contact us: NGENI Linktree
Shiko Karanja✍
Very nice. Congrats to Loyce as well 😁