Chipper Cash Gets $2B Valuation After $150M Raised In Series C Extension

(Article by Bernadette Giacomazzo on afrotech.com. Photo Credit: Chipper Cash)

“Chipper Cash, an African cross-border payments company, has announced its new $2 billion valuation after its recent Series C extension. According to NairaMetrics, this new Series C extension raised an additional $150 million for the company. The funding was led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. SVB Capital, as well as other previous investors such as Deciens Capital, Ribbit Capital, Bezos Expeditions (owned by Amazon founder Jeff Bezos), One Way Ventures, and Tribe Capital, reinvested in this extension round…”

Read the article: https://bit.ly/3bWn1iF

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Robert F. Smith, Goalsetter Launch Initiative To Help A Million Black & LatinX Kids Become Shareholders

(Article by Ngozi Nwanji on afrotech.com. Photo Credits: Paras Griffin)

“When underserved communities lack access to resources for financial education, their ability to focus on the idea of generational wealth is stunted before they even have a chance to take a step on its path. With the mission to give such communities a fighting opportunity to learn about smart investing and building wealth early on, Robert F. Smith and Goalsetter, a financial literacy platform founded by Tanya Van Court, announced today the launch of “One Stock. One Future.” — an initiative to spearhead financial freedom for the next generation of Black and LatinX Americans.”

Source: https://afrotech.com/robert-f-smith-goalsetter-one-stock-one-future

Kudos to Robert F. Smith for investing his hard-earned wealth in his people. May others take his lead and follow suit. Carry on.

#afrofuturism #blackmusic #blackjesus #blackentrepreneur #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers #blacktothefuture #darkmatter #darkscience #theblackvote #afropoliticians #blacksciencefiction #blackspeculativearts #blackownedbanks #blackblueprint #afrofuturistagenda #afrofuturistnews

Top African tech startups have solutions to some of the continent’s pressing challenges

“Africa’s top startups presented innovative proposals to tackle water, food and land security, healthcare, urban development and engineering challenges in Africa. The two-day summit… also included expert-led sessions looking at investment, food sustainability, smart cities and villages, drone testing, image analytics, aviation policy for sustainable growth and the role of women in the aerospace industry.”

Source: https://africanews.space/africas-top-aerospace-and-remote-sensing-startups-presented-solutions-to-some-of-the-continents-pressing-challenges/

We always knew Africans could solve their own problems, but now it’s evident. The image of starving Africans is being replaced with thriving African technology centers. African Americans have the capacity to do this as well. What is the blueprint for cultivating technology innovation and incubating technology startups in marginalized communities in America?

#afrofuturism #blackmusic #blackjesus #blackentrepreneur #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers #blacktothefuture #darkmatter #darkscience #theblackvote #afropoliticians #blacksciencefiction #blackspeculativearts #blackownedbanks #blackblueprint #afrofuturistagenda

Why it’s important that Ivanka was in Africa

“Ivanka Trump is in Addis Ababa, Ethiopia for a four-day tour to promote the Women’s Global Development and Prosperity (W-GDP) Initiative, a $50 million United States initiative launched by her father, President Trump in February. The initiative is aimed at advancing women’s economic empowerment through a whole-of-government approach to reach 50 million women globally by 2025.”

Source: http://venturesafrica.com/dangote-refinery-supports-nigerias-content-development-initiative-as-local-contractors-get-368-million-deals/

This initiative, on the surface, certainly looks like a bold, progressive move by the Trump administration. Let’s look under the hood to see what measures are in place to make sure that they’re not just creating a higher-skilled slave labor force of women. Sounds like a project to me!

#afrofuturism #blackmusic #blackjesus #blackentrepreneur #blackfuturist #xnubiaphi #afrophysicist #afronaut #afroscientist #afrochemist #afrobotanist #afrotechnology #afroexplorer #afrohorticulturist #blackgenius #blackengineers #NSBE #afroengineers #blacktothefuture #darkmatter #darkscience #theblackvote #afropoliticians #blacksciencefiction #blackspeculativearts #blackownedbanks

Who will be the next big African tech startup?

“This April, the elusive and only occurrence of the rare African unicorn, Jumia, has been sighted in Wall Street for its IPO. The success story of Jumia has inspired a lot more to seek for their own unicorns by investing in the African continent’ startup scene. So much so, that in 2018 a little more than a billion dollars had been invested in Startups around Africa.”

Source: http://www.techinafrica.com/new-gold-rush-next-big-african-startup/

The growth of the amount invested in African tech startups by Chinese and European investors is, to say the least, phenomenal, and yet more investment is still needed. Who will be the next big tech startup? Who is best positioned for investment capital? Perhaps, people who have eyes and ears in the tech industry in Africa can connect with investors in America. Is there such a channel and how accessible is it? Thoughts?

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