Statista projects the Ghanaian digital payments market to reach $7.46 billion in 2024, with a projected CAGR (compound annual growth rate) of 14.81% leading to a market size of $12.96 billion by 2028.
Social media is abuzz with complaints about the sluggish internet, with some users directly appealing to Elon Musk, noting that even Starlink’s service has been affected.
The startup specializes in providing advanced AI software designed to enhance financial decision-making processes, including credit scoring, cross-selling, dynamic pricing, and electronic Know Your Customer/Business (eKYC/eKYB) procedures.
Cartona’s asset-light approach has allowed them to scale rapidly, as evidenced by their annualized gross merchandise volume (GMV) increasing from EGP 2.3 billion ($120 million) in 2022 to EGP 10 billion ($210 million) currently. This scalability is appealing to investors seeking high-growth potential.
Previously focused on the United States, Canada, and the United Kingdom, LemFi now allows users to send money to family and friends in Brazil and Mexico, with plans to expand to additional countries soon.
The funding will be used to solidify Educatly’s presence in key markets across the Middle East and Africa, including Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland.
