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TechCabal Daily – This is what a frenzy looks like

Good morning ☀️ ️
The only thing that can make it better is if it s more than once a day - One of the answers to a question we re asking all week: how would you rate the TC Daily?
In today s edition:
Bitcoin is on the up and up
Tiger Global s wild 2021
Numida closes $2.3M seed round
The CEO who turned down millions for a greener and cleaner Africa
“It is hard to turn down R360 million [$25 million] when you don’t even know how you will pay your employees at the end of the month but by the grace of God we managed,” ....

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MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida – TechCrunch

MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida
Small businesses in Africa need digital banking services including plenty of credit. Although these businesses drive economic growth and contribute up to one-third of the continent’s GDP, they are often financially excluded from credit and other financial services due to their size and informality.
One such company tackling this challenge in the eastern part of Africa is Ugandan fintech startup Numida. And today, the company is announcing the close of its $2.3 million seed round.
Mina Shahid, Catherine Denis and Ben Best founded Numida in 2017 and capitalized on the opportunity to build one of East Africa’s first digital fintechs targeting semi-formal micro and small businesses. Typically, these businesses access credit from family, loan sharks and informal money lenders that offer poorly designed consumer credit. They can also get loans from a traditional microfinance institution, although with ri ....

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