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Twid, an Indian startup operating a rewards-based payment platform, has raised $12 million to scale its network of merchants and issuers and expand its solution in the South Asian market. Rakuten Capital led the startup’s Series A round, which also saw participation from Google and existing investors including Sequoia Surge and Beenext. Twid allows customers […]
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There’s some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.
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Dutchie Pay is a payment solution designed for the very specific requirements of the legal cannabis market in the U.S. but also indicative of the wider problems faced by cash-based businesses.
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Buy now, pay later (BNPL) products have become incredibly popular with users, and both startups and tech behemoths such as Apple have taken notice. But BNPL companies have attracted some controversy, too, for encouraging people who are less financially secure to take on debt without fully explaining the associated risks. Kasheesh, a fintech startup that’s […]
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Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,000 in pre-seed from a handful of angel investors, including Paystack CTO Ezra Olubi and Edenlife CTO Prosper Otemuyiwa. Participating investors in Thepeer’s seed round […]
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The Wall Street Journal recently reported that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dramatic decline from Klarna’s mid-2021 valuation of more than $45 billion and the $30 billion figure it was reported to be targeting earlier […]
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Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.
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Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C round like AfricInvest FIVE and CommerzVentures doubled down while the fintech also received capital […]
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Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today. There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one. While it can be seen as bragging rights for some, MFS Africa made […]
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In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in […]
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