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Tiger Global backs fintech CreditBook in first Pakistan investment

TechCrunch

Two years ago, a group of entrepreneurs in Pakistan began surveying the market to understand why financial services weren’t reaching the majority of merchants in the world’s fifth most populous nation. On Friday, Tiger Global said it is backing their startup, CreditBook , to help address those challenges. Images Credits: CreditBook.

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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

When Kuda held a town hall meeting last month, cutting down seemingly redundant roles and dismissing nonperforming staff to reduce costs and extending runway were topics of conversation in light of current macroeconomic trends, according to sources.

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rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets

TechCrunch

” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.

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11NTC Preview: Technology in Times of Disaster: The Important Role of Social media in Disaster Response and Awareness

NTEN

George Durham, Program Manager, Microsoft Global Community Affairs On January 12th, 2010, a devastating earthquake ripped through the Haitian landscape, literally decimating cities like Leogane, Petit Goave, and much of Port-au-Prince. George Durham is a Program Manager with Microsoft’s Global Community Affairs team.

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Tazah gets pre-seed funding to make Pakistan’s agriculture sector more bountiful

TechCrunch

The founders of Tazah Technologies , a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. The startup, which launched two months ago in Lahore, announced today it has raised a $2 million pre-seed round led by Global Founders Capital and Zayn Capital.

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SWVL plans to lay off 32% of its team two months after going public

TechCrunch

This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan.

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Remote working means this startup can use brains in emerging markets to disrupt management consultants

TechCrunch

The global management consulting industry is worth billions of dollars but to this day it’s been tough to disrupt with technology. so far from Fatima Gobi Ventures and angels including Gokul Rajaram (DoorDash board member), the former Global CFO of PepsiCo and two managing partners of large consulting firms.