Connect with us

Tech

IFC leads $5M extension round in Ivorian SaaS e-commerce platform ANKA

Published

on


ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million. The pre-Series A extension round is a mix of equity and debt; last January, ANKA, formerly Afrikrea, raised $6.2 million. The seven-year-old startup has secured $13.5 million from investors since its inception.

In a statement, ANKA said it will use the fresh investment to strengthen product development and expand services, particularly in its key markets: Nigeria, Kenya and the U.S.

ANKA describes itself as an all-in-one SaaS for global African businesses. But until 2021, it operated a marketplace (Afrikrea) for African-based and inspired clothing, accessories, arts, and crafts. At the time, it had served over 7,000 sellers from 47 African countries and thousands of buyers from 170 countries.

According to CEO Moulaye Taboure, the rebranding to a SaaS e-commerce platform was prompted by the need to consolidate merchants’ focus from other channels, such as websites and social media, onto a single platform. As a result, ANKA serves as a one-stop shop for three kinds of users: exporters looking to ship globally, online merchants who use multiple channels and wish to consolidate all orders on a single platform and drop shippers seeking to create jobs, produce and ship from Africa while receiving global payment.

A million active visits and surging revenue

The platform was launched in partnership with Visa and DHL. As such, it was designed to meet the requirements of its customers in e-commerce (ANKA Marketplace), payments (ANKA Pay), and international shipping (ANKA Shipping). The marketplace includes a configurable online storefront and an omnichannel interface where vendors can monitor their sales and inventory across Africa, social media sites, and websites. ANKA Pay enables users to purchase and sell using local payment methods (mobile money, bank transfers, and Visa cards). Then DHL allows users to dispatch packages from Africa to other countries for less than $30 in under 72 hours.

ANKA’s margins and community of African SMEs (small and midsize enterprises) in these 47 countries have nearly doubled since its last capital injection. Last year, the SaaS e-commerce platform claimed to record over 700,000 monthly visits and processed $35 million in transactions. Kadry Diallo, co-founder and chief operating officer, told TechCrunch that these figures have risen to over a million visits and $50 million across 175 countries. Consequently, ANKA claims its turnover soared 18 times, from €200,000 to €3.6 million.

“We have grown in terms of community buyers and sellers since last year. The more our community grows, the more processes have to be efficient. That’s why we raised an extension to strengthen our processes and build teams too,” the COO said, referring to ANKA’s plans to actively recruit sales, technical, and product talent to catalyze its growth.

User demographic

Most of its 20,000+ vendors (80% women) are in Nigeria and Kenya. On the other hand, the U.S. is where a large chunk of its 350,000+ buyers reside. This reflects a familiar e-commerce trend. Nigeria and Kenya are among the top three African countries with the most active e-commerce consumers. Meanwhile, the U.S. houses the highest proportion of Africans in the diaspora who shop online. The U.S. is followed closely by France on the ANKA platform. Both countries, home to ANKA’s biggest exports, represent a significant growth opportunity for the company, which wishes to boost the investment in and sale of Africa’s creative economy globally.

“The countries where we have the biggest diaspora are the U.S. and France. Nigeria and Kenya are still the beacon or the powerhouse of African businesses in terms of infrastructure and economic market. Most of our sellers that fit our criteria are in those countries,” said Diallo who founded the startup with Taboure and and Luc B. Perussault Diallo. “When I say criteria, I mean sellers with internet access, shipment and payments. These are the countries where we can find the biggest population of SMEs that can do that.”

Surprisingly, Diallo who, before ANKA, held positions in large corporations such as Renault.SA reports that the French departments in the Caribbean (French Guiana and Guadalupe) rather than the U.S. have the largest average order size on the platform (€134 per order to the U.S.’s €103). If anything, this event demonstrates the e-commerce platform’s strong visibility and significant community of sellers in Francophone Africa.

Road to 100,000 sellers

Despite ANKA’s upward trend, the company has encountered some challenges common to e-commerce platforms. Headwinds such as currency devaluations and high inflation in sub-Saharan African markets have exacerbated these challenges in the past year. In Q2 2023, African e-commerce giant Jumia saw a decline in customers, orders, GMV (gross merchandise value), and revenue in part due to these headwinds. Diallo asserts that ANKA has “discovered ways to adapt its efforts in assisting users to sell abroad despite these issues.” Most importantly, unlike other African e-commerce platforms, ANKA differentiates itself as an exporter of African products. The e-commerce startup backed by Alibaba’s Joseph Tsai claims to be the continent’s largest e-commerce exporter startup. ANKA transports over 10 tonnes of cargo per month, per its website.

The International Finance Corporation (IFC) led this new investment. Fellow development finance institution Proparco and the French investment bank Bpifrance participated. ANKA expects that with this funding, it can onboard 100,000 African sellers by 2030. On the other hand, the debt component will finance short-term cash cycles for activities such as shipping and payment float.

“Empowering African artisans, particularly women, and helping them access wider markets is crucial to raise the bar of economic inclusion and spur sustainable growth,” Makhtar Diop, IFC managing director, said. “ANKA’s strategy of connecting artisanal fashion designers and merchants to global markets aligns with our vision of supporting Africa’s creative industry to unlock new opportunities for inclusive growth.”



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

NASA video shows spacecraft’s wild ride around ocean world

Published

on

By


NASA’s Europa Clipper spacecraft is in for a wild ride.

The launch of this mission to explore the ocean world Europa — a Jupiter moon that harbors an ocean perhaps twice the volume of all Earth’s seas — was interrupted by the imposing Hurricane Milton, but its 1.8-billion-mile journey is imminent. The craft will make nearly 50 close flybys of Europa’s cracked, icy shell, using a number of high-resolution cameras, a ground-penetrating radar, and even a device that will literally sample particles of Europa that have been ejected into space by tiny meteorites.

The mission will gather copious amounts of information, enough to discern whether or not Europa harbors conditions that could host life beneath its ice shell.

“It’s perhaps one of the best places beyond Earth to look for life in our solar system,” Cynthia Phillips, a NASA planetary geologist and project staff scientist for the space agency’s Europa Clipper mission, told Mashable.

The repeated reconnaissance will require the craft to make perfectly timed loops around Jupiter as it intersects Europa’s orbit, which NASA shows in the animation below.

Here’s what you’re watching (a short ad plays first):

– Center orange dot: Jupiter

Mashable Light Speed

– Blue dot: Europa

– Gray, red, and yellow dots: Respectively Jupiter’s other three large moons — Io, Ganymede, and Callisto

– Magenta: That’s Europa Clipper “lopping in and out,” NASA explained.

There’s also a timestamp on the top right showing the mission’s planned flight between April and July 2032.

"The relative intensity of Jupiter's radiation bands is illustrated in this diagram," NASA explains, with darker reds depicting more radiation. Both Europa and Europa Clipper's orbits are depicted in the graphic.

“The relative intensity of Jupiter’s radiation bands is illustrated in this diagram,” NASA explains, with darker reds depicting more radiation. Both Europa and Europa Clipper’s orbits are depicted in the graphic.
Credit: NASA

This looping trajectory is also designed to limit the spacecraft’s exposure to extreme radiation. “The charged particle environment at Europa’s location is immense,” Phillips said.

That’s because Jupiter, a gas giant planet 317 times more massive than Earth, generates a massive magnetic field shooting out between 600,000 to 2 million miles (1 to 3 million kilometers) toward the sun. It’s created by the planet’s liquid metal core, which spins and creates electrical currents (moving electric charges make magnetic fields). Crucially, this magnetic field grabs and then accelerates particles from the relentless solar wind — a stream of rapidly traveling charged particles emitted by the sun — which creates potent radiation belts around Jupiter, as depicted above.


“You get out of there.”

(Decades ago, during the Voyager mission, NASA’s engineers were worried about the craft passing by Jupiter. A person hypothetically riding aboard Voyager as it passed Jupiter would have gotten hit with a radiation dose 1,000 times the lethal level.)

Not all of Europa Clipper’s electronics and software can be housed in a metal vault, so looping by the moon for relatively brief periods will limit impacts from charged particles, which can damage computer chips and electronics. During each orbit around Jupiter, the craft will spend under a day in an irradiated zone before swooping out. It won’t return for between two to three weeks.

“You get out of there,” Phillips said.

After journeying through the solar system, the craft is expected to reach Jupiter in 2030, and soon after begin its orbital dance through the Jovian system. If it appears habitable, NASA plans to return to Europa and land a robot on the icy crust. Such an endeavor would drill into the ice, looking to see if the moon is inhabited.





Source link

Continue Reading

Tech

NASA thinks it found a moon light-years away spewing gas

Published

on

By


Scientists have never actually seen a moon orbiting a planet other than the ones in this solar system. An exomoon, a companion to an exoplanet, likely would be too tiny and far away for telescopes to resolve. 

But a new NASA study may have found a clue that one is orbiting a planet some 635 light-years from Earth. The inference comes from a vast sodium cloud spotted in space. Whatever is causing it produces about 220,000 pounds of sodium per second. 

The research suggests a rocky moon circling exoplanet WASP-49 b, a Saturn-sized gas giant discovered in 2017, is the source. That could mean the distant world is accompanied by a moon like Jupiter’s Io — a highly volcanic place, blasting out its own massive cloud of gasses 1,000 times wider than Jupiter.

“The evidence is very compelling that something other than the planet and star are producing this cloud,” said Rosaly Lopes, a planetary geologist who co-authored the study, in a statement. “Detecting an exomoon would be quite extraordinary, and because of Io, we know that a volcanic exomoon is possible.”

Exomoon creating a sodium cloud

An exomoon could be the source of a bewildering sodium cloud found around an exoplanet.
Credit: NASA / JPL-Caltech illustration

This is not the first time astronomers have suspected an exomoon was lurking in their data. There have been exomoon candidates discovered in the past, though confirming their existence is much more difficult. Scientists such as Apurva Oza, once a postdoctoral researcher at NASA’s Jet Propulsion Laboratory, are interested in finding unconventional ways to detect them for what they could represent: Moons throughout the galaxy could also potentially offer habitable conditions for life, even if their host planets don’t. 

That’s why Oza wanted to return to studying WASP-49 b to further investigate the source of its bewildering cloud. Researchers used a ground-based telescope to observe the silhouettes of the cloud and the exoplanet as they passed in front of the host star. 

Mashable Light Speed

At one point, they noticed that the cloud was moving faster than WASP-49 b and away from Earth. If the cloud were coming from the exoplanet, they figured they would have seen it moving toward Earth. The observation led them to conclude that the cloud was coming from a separate source, according to the paper recently published in Astrophysical Journal Letters.

Moon orbiting an exoplanet

Exoplanet WASP-49 b could have an exomoon similar to Jupiter’s Io, a highly volcanic world pumping gasses into space.
Credit: NASA / JPL-Caltech illustration

“We think this is a really critical piece of evidence,” said Oza, a staff scientist at Caltech and the lead author, in a statement. “The cloud is moving in the opposite direction that physics tells us it should be going if it were part of the planet’s atmosphere.”

The team’s research provided other clues that an exomoon was making the cloud. Both the planet and the star are mostly made of the lightest elements, hydrogen and helium, with hardly any sodium. Seemingly neither has enough to be responsible for the cloud. Scientists also used the European Southern Observatory’s Very Large Telescope in Chile to see that the cloud hovers high above the exoplanet’s atmosphere — just like the cloud Io envelops around Jupiter. 

Next the team developed computer models to see if an exomoon could be the cloud’s catalyst. Their simulations found that a moon with a snug eight-hour orbit around the planet could explain the cloud’s motion — the way it seemed to sometimes drift in front of the planet and how it didn’t appear to be tied to any particular region of the alien world. 

Jupiter's moon Io

Jupiter’s moon Io, seen in multiple views above, is the most volcanically active world in our solar system.
Credit: NASA / JPL-Caltech / SwRI / MSSS

Scientists can’t say anything definitive about the exomoon because it’s just a candidate. But here’s what astronomers know about Io, the third-largest Jovian moon out of 95. Io is the most volcanic world in the solar system. Astronomers believe hundreds of volcanoes spew fountains that reach dozens of miles high.

Jupiter’s gravity squeezes Io‘s core as the moon moves closer, then slackens as it moves farther away. This swelling and contracting causes Io’s interior to heat up, triggering tidal volcanism

Scientists will need to continue observing this cloud to confirm its behavior, so the team is likely a long way from knowing with certainty if they have proof of an exomoon. Still, the results are thrilling for Oza, who believes looking for gas clouds — perhaps an order of magnitude larger than their source — could be an indirect method of finding habitable moons in other star systems.





Source link

Continue Reading

Tech

World’s First Private Space Station Is Like A Luxurious Hotel With Earth Views; Watch

Published

on

By



California-based aerospace company Vast has revealed the remarkable interior design of Haven-1, which is set to become the world’s first commercial space station. In a newly released video, the company showcased a habitat that looks more like a luxury hotel than a typical orbital laboratory. The design, both sleek and inviting, promises a new level of comfort for future space travelers.

Haven-1 features modern wood veneer accents, padded white walls, and amenities similar to those found in top-tier hotels. The station also offers visitors a fully equipped gym to help them stay active, even in zero gravity. Additionally, private rooms are outfitted with the latest entertainment and communication technologies, ensuring that astronauts can easily stay in touch with family and friends on Earth.

“Set to launch on SpaceX’s Falcon rocket in 2025, Haven-1’s first paying customers will board in 2026,” Vast said in a press release.

ALSO SEE: What Will Earth Look Like From Private Space Station? Axiom Space’s Astronaut Reveals

Accommodating up to four astronauts, Haven-1 provides a level of comfort far surpassing that of the International Space Station (ISS). Each astronaut will have a cosy private room, complete with storage, a vanity, and a specially engineered queen-sized bed to enhance sleep quality in space.

Veteran NASA astronaut Andrew Feustel, who has accumulated over 225 days in space, played a key advisory role in shaping the design and layout of Haven-1. His extensive experience contributed to ensuring that the space station would not only be functional but also comfortable for its inhabitants.

“From communication and connectivity, to private space and interacting with others aboard, to advancing human progress on Earth and beyond, every detail has been designed with the astronaut experience at the core of our work,” he said.

ALSO SEE: Astronaut Floats In Space As Tiangong Space Station Cruises Above Blue Earth; Watch

(Image: Vast)





Source link

Continue Reading

Trending

Copyright © 2023 Dailycrunch. & Managed by Shade Marketing & PR Agency