It’s an exciting time to be in the UK, and the Capital Keneoka for Tech Crunch event is no exception. With a wide range of companies participating, it’s a great chance to get your name out there and be seen. You may also be eligible for one of the 9M prizes, including an investment from the UK’s leading investment company.
Moove is a young African fintech company with headquarters in the Netherlands. It is a vehicle finance startup that is partnering with Uber to make financing for drivers in sub-Saharan Africa more accessible. The startup provides new and used vehicle financing for ride-hailing drivers on the platform. In addition to providing financing for cars, the company also offers trucks and courier and logistics services.
Moove’s main competition in the Africa market is Autochek and FlexClub, and it is expected that it will challenge Drover, Carro, and Virtuo in the future. To date, Moove has financed more than 850,000 Uber trips, and more than three million rides in total. As the company expands into more markets, its revenue is soaring. This year, it has received more than 60 percent more in total vehicle financing, and the number of pre-approved sign-ups has tripled.
While the average African isn’t too enamored with EVs, Moove says it is trying to solve the problem with an innovative new product line. In partnership with OEMs, the company plans to produce affordable EVs for thousands of driver-partners.
Fintech Farm Ltd is a UK-based fintech company that creates digital banks in emerging markets. The company provides services to the financial industry through partnerships and its own ecosystem, which facilitates innovation, access to capital and collaboration. It plans to launch new neobanks in eight countries during the next two years.
Fintech Farm Ltd was formed on March 19th 2021. The company currently has four directors partyguise . As of April 2022, Fintech Farm has a registered office in the City of London.
In its first year of operations, Fintech Farm has issued 100,000 credit cards and has a partnership with a local bank. It also provides training services and consulting for the financial industry. Its products include an app for deposits, transfers and savings account.
Fintech Farm recently launched Leobank in Azerbaijan. The company expects to issue one million cards in the coming year. Its partner bank holds the license and a large portion of the capital.
The latest entrant into the African genomics fray is 54gene. The company has raised more than a few million dollars in funding so far, a feat that a few startups have been unable to duplicate. They are also announcing the hiring of a few high-profile executives including Jude Uzonwanne and Peter Fekkes. Moreover, 54gene is well-positioned to take advantage of its location in Lagos, the epicenter of African tech. Likewise, the company is positioned to take advantage of the growing genomics tidal wave that is sweeping across Africa.
It is also worth noting that the company’s biobank boasts of a whopping 300,000 samples. That makes it one of the largest gene banks in the region. And to get that number, they’ve partnered with one of the world’s leading genomics companies, Illumina. A mere ten years ago, Africans had much less access to the gene sequencing technologies that powered their medical and technological advances.
The UK-based African startup, Delivery Bros, recently announced a new step towards eradicating missed deliveries in Africa. It will expand its network of delivery services to five African cities in the next twelve years. As part of its expansion, it has also secured $8 million in a Series A investment from a London-based venture capital firm.
Delivery Bros, a delivery app, has been using its network to make it easier for small-scale businesses to execute orders. To date, it has received over 400 million SMEs’ orders. However, the majority of these SMEs receive invoices in weeks or months, instead of days. Providing accurate addresses is a challenge in Africa, where there is poor infrastructure. Also, most small-scale businesses do not have access to financial services, and it is estimated that over 200 million people in East Africa do not have an account with a bank.