Ivorian Julaya closes $2m to digitise business payments. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today.
1. Ivorian Julaya closes $2m to digitise business payments
Ivory Coast-based fintech startup, Julaya, has announced closing a US$2 million in pre-Series A funding to grow and expand its product in West Africa.
The startup provides businesses and institutions with an online platform to disburse payments to mobile money and mobile banking wallets.
In 2018, the startup was founded by Mathias Léopoldie and Charles Talbot.
Today, the Fintech startup has a customer base that ranges from SMBs to large corporates and government institutions, and includes brands such as the e-commerce company Jumia.
Earlier in 2018, the startup raised US$250,000, following up with a US$550,000 in 2019/2020.
The new raiser saw the participation of investors to include corporate venture capital firms Orange Ventures and MFS Africa Frontiers, VC firms Saviu Ventures, Launch Africa Ventures and 50 Partners Capital, and business angels from Europe and Africa.
Julaya is expected to use the funding for further market penetration in Ivory Coast, expansion in West Africa – starting with Sénégal – and new product development.
Tech Trivia: What is the Nigerian most visited website?
Answer: See end of post
2. Gupshup secures $240M to power messaging channels
Gupshup, a conversational messaging platform, has joined a list of startup sealing an equity raiser well over $200M with its latest $240 million.
READ ALSO: Nigeria’s GreenHouse launches pan-African fintech accelerator. 2 other things and a trivia
The new raiser was led by Tiger Global Management, and saw the participation of Fidelity Management, Think Investments, Malabar Investments, Harbor Spring Capital, and others.
According to local media, the tranche will be used to build new tools, infrastructure, and services while expanding Gupshup’s global reach.
The raiser also takes the company’s valuation to $1.64 billion.
Gupshup was founded in 2014 as a startup to provide a chatbot authoring service that allows developers to create, deploy, and publish chatbots across over 30 channels.
Prior to starting the company, Sheth launched the freelancing platform Upwork, which went public on Nasdaq in October 2018.
3. Clubhouse rival, Greenroom, hits 140K installs on iO
Greenroom, the Spotify’s recently launched live audio app and Clubhouse rival, has crossed new milestone as it reached 140k installs on iOS.
The app, which has only reached 100k downloads on Playstore, runs like Clubhouse.
Although, the figures are still far behind, compared to other app in its category.
Clubhouse today has 30.2 million total installs, 18.7 million of which are on iOS.
Other top audio apps include Airtime, with 11.4 million iOS installs, out of a total of 14.3 million (including Android); and Spoon, with 7.6 million iOS installs, out of a total of 27.3 million.
Spotify Greenroom’s launch last month, meanwhile, seems to have attracted only a small fraction of Spotify’s larger user base, which has now grown to 365 million monthly active users.
The majority of Greenroom’s installs took place after Greenroom’s official launch on July 16, 2021 through July 25, 2021.
Tech Trivia Answer: Bet9ja
Taking the lead in Nigeria, this site ranks: #167 in global internet engagement with 7:32 Daily Time on Site.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: 4 yrs after completion, Kwara PHC facility inactive, rural dwellers in pains
In the middle of the night sometime in September 2019, Fatimah Ballah struggled with severe pains as she tries to...
INVESTIGATION: How Oyo State, contractors spent N1.1bn on water projects, but communities don’t have a drop
Multimillion naira water projects largely initiated by the late Abiola Ajimobi-led state government in Oyo State to benefit over 40...
INVESTIGATION: In Cross River, civil servants retire into poverty as govt looks away, squanders funds on frivolities
Thousands of civil servants in Cross River State struggle to stay alive as they are denied their gratuities and monthly...
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...