By Sa Nyoung Kim Small and Medium Enterprises (SMEs) constitute over 90 per cent of businesses in Kenya and provide seven out of ten jobs in the country. Despite their economic significance, many fail to [c]
By Ashley Olson Onyango During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as mobile banking apps or seamless transfer options. Driving this trend in [c]
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has announced the acquisition of Green Lion, the biggest and fastest growing B2B eCommerce platform in Ghana, to accelerate the delivery of its services across [c]
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, has announced the closing of a $40 million Series A round, the largest Series A round of it’s [c]
Kwik Delivery, the brand name of Nigeria-based Africa Delivery Technologies, has announced that its Gross Merchandise Value (GMV) and revenue for 2021 grew by over 400% year-on-year. The platform also reached 100,000 B2B users. Kwik [c]
International cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to now include 18 countries in sub-Saharan Africa. The partnership will see the companies providing both B2B and B2C [c]
TradeDepot, the B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers and drive [c]
RedCloud has announced the availability of its open commerce platform, a decentralised market for B2B buyers and sellers, in Argentina, Brazil, Peru, Nigeria, South Africa, and Mexico. The platform, accessed via the Red101 app, now [c]
National Bank of Kenya (NBK) has signed a trade partnership deal with global logistics provider DP World to offer e-commerce services to Kenyan traders to access goods from across the globe, mainly UAE and Asia via [c]
MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has acquired WaystoCap, the Morocco-based B2B e-commerce and distribution platform that connects retailers with suppliers across Africa. The acquisition will see MaxAB [c]
Penny Software, the digital procurement software, has signed a partnership agreement with payments technology firm Mastercard to provide its customers with an enhanced business-to-business (B2B) payment experience via Mastercard Track Business Payment Service. The collaboration will [c]
MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has secured $40 million in a Series A round, led by RMBV, a major impact investor in North Africa. The round included [c]
TradeDepot, the B2B eCommerce platform for consumer goods in Nigeria, has raised a further $10 million in a pre-Series B equity round co-led by Partech, IFC, Women Entrepreneurs Finance Initiative (We-Fi) and MSA Capital. The [c]
DPO Group has launched a business-to-business (B2B) payment card. DPO’s DumaCard, which is offered as a plastic card as well as in virtual form, is available initially to its 10,000 business customers in Kenya and [c]
The majority of enterprises in the US plan to increase their spending on cloud computing by as much as 50 per cent in 2016, according to a new study conducted by Clutch, a leading B2B [c]
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