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Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5
In our story, the resolution would be raising enough funds to provide every school child with a nutritional breakfast and lunch. And while there are times and places for these reports, storytelling for nonprofits to raisefunds is not the time or the place. Plus, if you don’t ask, people may not know you need funds.
Payments company Checkout.com is raising once again. But Checkout.com kept growing and growing until it raised one of the biggest Series A rounds ever for a European company — $230 million at a $2 billion valuation. Just a year later, Checkout.com added $150 million in funding at a $5.5 It finished 2020 with 940 employees.
Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. OPay plays in an extremely competitive fintech market.
Many platforms power these KYC processes, and one of them, Identitypass , is today announcing that it has raised $2.8 million in seed funding, months after graduating from Y Combinator. The round also comes a few months after the startup raised $360,000 in pre-seed investment last November, bringing its total funding to $3.1
The startup just raised $8.1 The round brings the outfit’s total funding to date to $13.7 It also charges licensing fees from D2C brand merchants when they buy user-generated content (UGC) from their consumers. Image Credits: indent Indent raises $8.1M Investors like Indent’s conversion rates, seemingly.
In-suring new funds : India-based insurtech company Acko, which is already backed by Amazon, is in talks for $120 million in new funding. Autio, a location-based audio entertainment app co-founded by actor Kevin Costner and formerly known as HearHere, has raised $5.9 The funding round was led by iHeartMedia, Aisha reports.
As startups in Africa continue to grow and raise money at a ridiculous pace, so too will their cap tables expand. Raise, a startup building Africa’s Carta is tackling these challenges and has received backing from 500 Startups to scale its technology. Image Credits: Raise.
Today, the unified payments app is announcing that it has raised $32.8 At the time, the Ghanaian fintech was raising $8 million–a large seed in its own right–and had acquired just a little over 200,000 users with transactions reaching $250 million. million in an oversubscribed seed round.
Berkeley-based fintech Flourish has raised $1.5 million in a funding round led by Brazilian venture capital firm Canary. An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins). based startups.
hedge fund and investment firm Tiger Global led the Series C round. In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4
Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 Voyager’s last round of funding was in July 2021 , when it raised $167 million in preparation for launching its neobank.
The AI in question is trained on “authorized” datasets containing content that Bria licenses from partners, including individual photographers and artists, as well as media companies and stock image repositories, which receive a portion of the startup’s revenue.
Many startups are solving these problems for African SMBs in one form or another, and the demand for their services has seen Ghanaian startup Float pick up a significant round of funding. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit.
Ramani , a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, plans to introduce new financial services as it expands its operations in the East African country after raising $32 million in Series A debt-equity funding. Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M to scale in Africa.
A well-funded AI lab with a deep bench of research talent is releasing a powerful new model that generates high-definition video for the film and advertising industries. The startup raised a $70 million seed round last year, backed by Bessemer Venture Partners, Khosla Ventures, and General Catalyst.
Ayoken, an NFT marketplace for creatives, has raised $1.4 million pre-seed funding to enable users grow their revenue streams through digital collectibles. MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy.
Existing investors Sequoia Capital, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank also participated in the new round, which brings its total to-date raise to over $65 million. Amazon-backed Indian D2C beauty brand MyGlamm raises $71 million. “We billion each year.
One startup that aims to help agents succeed and flourish with its technology and “bundled business services,” Place , has raised $100 million in a Series A round at a valuation north of $1 billion. For one, prior to this financing, Place says it had not raised any external capital.
Magic Leap has raised $500 million in funding and is preparing to release a new AR headset, the Magic Leap 2, next year, the company announced Monday. The headset will be generally available next year, the company said, and “select customers” are using it as part of an early access program.
Jakarta-based Lifepal wants to simplify the process for Indonesians with a marketplace that lets users compare policies from more than 50 providers, get help from licensed agents and file claims. The startup, which says it is the country’s largest direct-to-consumer insurance marketplace, announced today it has raised a $9 million Series A.
Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital. He also sits on the board of 88mph.
As their license states , you’re free to use Goldman Sans for just about anything you like so long as you don’t use it to criticize Goldman Sachs. And although Goldman Sans is nominally a free font, Goldman Sachs retains complete control over the license, allowing it terminate usage for any reason it likes.
It’s now looking to address the wider problems referred to above, with a new round of funding involving some key players in the creative industries. Contact has now raised a $1.9 million) seed round of funding led by Founders Fund. Contact has now raised a $1.9 million) seed round of funding led by Founders Fund.
Pretty soon, people won’t have to provide a fingerprint or a driver’s license to prove their identity — if VU has its way. The new funding gives the company total venture-backed investments of $20 million, CEO Sebastián Stranieri told TechCrunch. billion valuation. Globant’s investment into VU also serves as a partnership.
Virtual veterinarian care platform Dutch has raised $20 million in Series A funding led by Forerunner Ventures and Eclipse Ventures. The San Francisco-based company’s latest round comes seven months after its market launch and brings its total fundingraised to $25 million. Image Credits: Dutch.
Stability AI, the company funding the development of open source music- and image-generating systems like Dance Diffusion and Stable Diffusion , today announced that it raised $101 million in a funding round led by Coatue and Lightspeed Venture Partners with participation from O’Shaughnessy Ventures LLC.
Launched in February 2019, Kroo, the London-based consumer-facing fintech, raised some seed funding last year for its prepaid card service which claims to offer more “social features” in its drive toward offering full-blown banking services. It has now raised $24.5 million (£17.7 ahead of rebrand.
Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The startup was bootstraped before receiving the seed funding. Pakistan’s Neem raises $2.5M
The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.
Case in point, Replit, an IDE startup developing a code-generating AI-powered tool called Ghostwriter, this week raised nearly $100 million ($97.4 It’s unclear whether Ghostwriter, too, was trained on licensed or copyrighted code. Investors continue to pump money into generative AI tech. million) at a $1.16
The Japanese fintech startup said today it has raised a $20 million (2 billion JPY) Series A funding round led by Globis Capital Partners with participation from Z Venture Capital, Mitsui Sumitomo Insurance Venture Capital, and DBJ Capital. However, we do not operate under a banking license and leveraging the fund transfer license.
Juni , a Swedish pre-launch startup that’s building a banking app and platform for e-commerce and online marketing entrepreneurs, has raised just over €2.1 million in seed funding. The Juni dashboard also provides a centralized overview of all your bank accounts, networks and payment services.
A separate report from from Vertice, a SaaS purchasing and spend management platform, found that SaaS pricing is growing 4x faster than market inflation; that customers are spending 53% more on licensing than they were five years ago; and that $1 in every $8 that organizations spend is now dedicated to SaaS. Image Credits: Zylo.
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. billion ($4.3
Matik , which has created automated data-driven software for customizing Google Slides or PowerPoint presentations, has raised $20 million in a Series A funding round led by Andreessen Horowitz (a16z). Image Credits: Matik. The company currently has 13 employees and expects to boost its headcount to 20 by the end of the year.
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. By the way, Danggeun means carrot in Korean.).
Less than five months after raising $115 million, spend management startup Ramp announced today it has raised $300 million in a Series C round of funding that values the company at $3.9 Founders Fund also led Ramp’s $15 million Series A in February 2020. Spend management startup Ramp confirms $115M raise at a $1.6B
Today, one of the trailblazers in this area, Kuda Technologies , is announcing funding to continue building out its specific ambition: to provide a modern banking service for Africans and the African diaspora, or as co-founder and CEO Babs Ogundeyi describes them, “every African on the planet, wherever you are in the world.”
Angling to cash in on the gold rush, LexCheck, an AI-powered contract analysis platform, closed a $17 million Series A funding round today led by Mayfield Fund, the startup announced. ” Sangha, a law lecturer at the University of Pennslyvania and a licensed attorney in the State of New York, founded LexCheck in 2015. .
They often burden organizations with high technical debt, substantial engineering resources, and usability challenges for non-technical staff, not to mention inflated costs during the lifetime of ownership as licenses for new products or solutions are sold to organizations.
million pre-Series A funding. debt) pre-Series A funding. The equity round was led by Acumen Resilient Agriculture Fund (ARAF) and FMO, the Dutch entrepreneurial development bank, with participation from Greater Impact Foundation. Kenya’s Twiga raises $50M to scale food solutions across Africa. million ($6.4m
Just two months after its last funding announcement , Indonesian crypto assets platform Pintu has closed a $35 million Series A+. Pintu’s previous funding, a $6 million Series A led by Pantera, Intudo and Coinbase Ventures, was announced in late May. Bibit raises another growth round led by Sequoia Capital India, this time for $65M.
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