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Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East

TechCrunch

Their business of acquiring small e-commerce brands that look promising and consolidating them is quite popular in the U.S. While Opontia does not disclose the ratio of equity and debt, it confirmed that the majority was debt which will be used to make acquisitions. Razor Group. and Europe. The second-largest market, which is the U.S,

Africa 105
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With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

TechCrunch

That said, FairMoney also claims to have an NPL ratio lower than 10%. . But unlike Nigeria, India has better unit economics for the lending business and a more friendly regulatory environment. Like Nubank in Brazil, FairMoney started off offering loans to solve the access to credit problem. ” FairMoney Nigeria team.

India 106
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Casavo, an Opendoor-style proptech from Italy, raises $410M to expand its instant buyer platform across Europe

TechCrunch

It plans to use the money to expand its business across Europe on the back of a platform that today is listing close to 4,000 homes in Italy, Spain and Portugal, and has to date (since being founded at the end of 2018) sold some 3,200 properties for an aggregate value of €1 billion, according to CEO and founder Giorgio Tinacci.

Italy 81
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How Apple is making the antitrust case against it stronger

The Verge

For Spotify, Apple’s businesses could represent an existential threat. Trending sideways : Facebook rejected a proposal to share ad revenue with news organizations, saying there would “not be significant” impacts on its business if it stopped sharing news altogether. WhatsApp finally launched its payments app, starting in Brazil.

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TechCrunch+ roundup: Yahoo leaves China, Nubank IPO, B2C expansion tips

TechCrunch

“With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Citing an “increasingly challenging business and legal environment,” Yahoo (our parent company) became the latest global internet brand to exit the country.

Yahoo 89
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How Twitter is shifting the power balance from companies to their employees

The Verge

In addition to India, Instagram Reels is live in Brazil, and as of recently, France and Germany. Ramon Olorunwa Abbas, widely known as “Hushpuppi,” faces criminal charges “alleging he conspired to launder hundreds of millions of dollars from ‘business email compromise’ (BEC) frauds and other scams,” according to the Department of Justice.

Twitter 78
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Twitter is reinventing itself

The Verge

And so I think every creator will have their own twist on this, and will have their own sort of ratio of how they want to mix their content. We’re not in the business of getting around platform rules. They’re using this to have conversations and establish community and get recognition from their favorite creators.

Twitter 124