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After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Nine months after Union54 encountered overwhelming chargeback fraud that made it shut down temporarily, its CEO shares some lessons.

4:52 am PDT • March 29, 2023
After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Zambian card-issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Other participating investors in this financing round include existing ones such as Vibe…

Zambian card-issuing startup Union54 raises $12M led by Tiger Global

Union54, the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. The company confirmed to TechCrunch that the VC…

Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API