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    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

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    Reed Hastings steps down as Netflix CEO

    Reed Hastings steps down as Netflix CEO

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    High Court orders suspension of bank to MPesa charges

    High Court orders suspension of bank to MPesa charges

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    YouTube to allow creators to monetize Shorts content starting February 1

    YouTube to allow creators to monetize Shorts content starting February 1

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

    PayPal threatens users with a $2,500 fee for disinformation, instantly retracts after uproar

    PayPal threatens users with a $2,500 fee for disinformation, instantly retracts after uproar

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    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Laptop buying mistakes you should avoid

    Laptop buying mistakes you should avoid

    Lenovo X1 Carbon 5th Generation Review: just good enough

    Lenovo X1 Carbon 5th Generation Review: just good enough

  • Smartphones
    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    All you need to know about the new iPhone 14 lineup

    All you need to know about the new iPhone 14 lineup

    Xiaomi 12S Series flagship features a huge 1-inch sensor

    Xiaomi 12S Series flagship features a huge 1-inch sensor

    Infinix is bringing 180W wired fast charging speeds to its next flagship phones in 2022

    Infinix is bringing 180W wired fast charging speeds to its next flagship phones in 2022

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    How to use ChatGPT and get the most out of it

    How to make and upload YouTube Shorts with ease

    How to make and upload YouTube Shorts with ease

    How to watch YouTube without ads on Android TV

    How to watch YouTube without ads on Android TV

    Samsung’s Freestyle Projector now available to purchase in Kenya

    Samsung’s Freestyle Projector now available to purchase in Kenya

    How to change your Zoom background

    How to change your Zoom background

    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

    Best portable Bluetooth Speakers you can get right now in Kenya

    Best portable Bluetooth Speakers you can get right now in Kenya

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    My six social media predictions for 2023

    My six social media predictions for 2023

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

    Twitter is planning to start charging $20 a month for verification

    Twitter is planning to start charging $20 a month for verification

    YouTube to introduce handles for users to identify themselves

    YouTube to introduce handles for users to identify themselves

    Twitter starts rolling out editable tweets

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Home Startups

Calling app Talk360 raises $4 million seed round to build African payment platform

Brian Murimi by Brian Murimi
June 1, 2022
in Startups
Reading Time: 3 mins read
A A
Calling app Talk360 raises $4 million seed round to build African payment platform

South African venture builder Dean Hiine and Dutch entrepreneur Hans Osnabrugge.

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Talk360, an international calling app that allows users to make dependable and economical calls to any landline or mobile phone in the world, has raised $4 million in funding as it prepares to launch a new pan-African payment platform in mid-2022.

Leading African venture capital investor HAVAC, 4Di Capital, and numerous famous fintech angel investors led the seed round of funding.

While the Talk360 app is rapidly developing on the continent, with an increasing number of paying customers, accessibility has been a problem for the continent’s 500 million underserved people. Users either do not have internet banking or their local currencies or payment methods are just not supported when purchasing Talk360 airtime.

The new payment platform intends to solve the ongoing issue of inaccessibility by allowing consumers to purchase goods and services in any currency and via more than 160 payment methods. It will also be made available to other service providers.

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Dean Hiine, a South African venture builder, and Dutch entrepreneurs Hans Osnabrugge and Jorne Schamp co-founded Talk360 in 2016. It has since connected more than 2 million people 2021 with offices in South Africa, the Netherlands, India, and Nigeria.

“From the start, our mission was to bridge distance and connect lives by offering reliable, affordable, and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world,” said Hiine.

“The Talk360 app is now the number one calling app in Africa, independent of users’ currency or preferred way of payment. Thanks to our + 750K physical points of sale and ability to support mobile wallets, our reach goes beyond the traditional credit and debit card support that international companies usually use. We now have enough traction to attract internationally renowned investors to expand our footprint and allow other companies to use our unique single checkout payment platform for all of Africa,” said Hiine.

Talk360’s ability to overcome the obstacle of distribution in Africa and organic development was “nothing short of extraordinary,” according to Ian Lessem, managing partner of HAVAC, citing the quality of its product, technology, and leadership team.

“With HAVAÍC’s experience, networks and complimentary investments in Africa, we are incredibly excited about the prospects of Talk360. We believe the business will not only continue on a path of exponential customer acquisition, but is well on its way to leverage this growth by offering other complementary technology-enabled products to its growing customer base,” said Lessem.

The angel investors include several unicorn founders and executives such as Gaston Aussems (ex-Mollie), Robert Kraal (ex-Adyen), Gabriel de Montessuss (President WorldPay International) and Marnix van der Ploeg (ex-Booking.com and EQT). Aussems said Africa was an ‘interesting growth market’, with a fast-growing middle class.

“Through the calling app, Talk360 has already connected many people and is consistently improving the lives of its customers. With 60% of the population under the age of 25, there is huge potential for mobile digital services. The new payment platform will make it possible for providers to offer their services across the continent and to offer a suitable payment option for every consumer,” said Aussems.

Through its fast expanding agent network, Talk360 also hopes to expedite its purpose of creating jobs and reducing unemployment in the regions it serves.

Tags: FundingStartups
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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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