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Daily Crunch: Raba Partnership leads $2.1M seed round for African fintech startu...

 1 year ago
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Daily Crunch: Raba Partnership leads $2.1M seed round for African fintech startup Thepeer

Kyle Wiggers
Thu, June 23, 2022, 7:05 AM·8 min read

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Is it Wednesday already? The calendar tells me that it is. (Fun fact: My apartment's so full of date-displaying smart displays that it's a struggle not to trip over them.) Time sure flies when the Daily Crunch team entrusts you — meaning me — with TechCrunch’s newsletter of record. As always, there’s plenty of ground to cover, but I’ve done my best to ensure Haje and Christine have nothing to worry about while they enjoy much-needed time away from the daily grind. Rest up, folks. Y'all deserve it.

African fintechs are experiencing stratospheric growth — last year, the number of startups in the category increased 17.3% to 573, from 491 in 2019, according to local publication Disrupt Africa. An exciting new entrant is Thepeer, which powers infrastructure for mainly fintech businesses, from small to medium sized. Tage writes that the company is seeing success a year post-founding, with average month-on-month transaction growth of 161%. That's impressive no matter how you slice it.

On an unrelated (but equally important) note, if you haven’t nabbed tickets to TechCrunch’s summer party, you really should consider it. We don’t bite — at least, not without justification. — Kyle

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