Fundbox, a fintech focused on SMBs, raises $100M at a $1.1B valuation
Fundbox, a company that offers loans and financial products to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 billion….
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Jefa raises $2 million to offer digital accounts for women in LATAM
Fintech startup Jefa has raised a $2 million seed round to build a fintech startup offering digital accounts with a product specifically designed for women living in Latin America and…
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Kenyan fintech Asilimia raises $2 million in a pre-seed round, plans to extend loans to MSMEs and expand in East Africa
Kenya’s economy is powered by informal businesses, which contribute 33.8% to the country’s GDP and provide 83.4% of the total employment outside of small-scale agriculture, data from the country’s bureau…
Read More »Lee Fixel’s Addition leads $32M investment into TruePay, a Brazilian B2B ‘buy now, pay later’ startup
Global investors continue to be drawn to LatAm. TruePay, a one-year-old São Paulo-based “buy now, pay later” startup, announced today that it has raised $32 million in a Series A…
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French insurtech startup Leocare raises big funding round
French startup Leocare has raised a big Series B funding round led by Eight Roads. Overall, the company has raised $116 million. It’s an equity and debt round, which means…
Read More »Payhawk raises $112M to better compete in the heated corporate card race
If you’ve followed corporate card and spend management startups in the U.S., you might be familiar with Brex and Ramp. Payhawk is also offering an all-in-one financial management solution for…
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What happened to Paytm’s IPO valuation?
If you weren’t paying close attention, you might have expected a different result from Paytm’s IPO. After all, the company is incredibly well funded by investors that you know by…
Read More »Equity Monday: Paytm’s rocky debut gets rockier
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday…
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Ireland’s Fonoa raises $20.5M to help digital-first businesses stay tax compliant as they scale globally
There are myriad tax pain points that come from selling goods, content or services globally. As the world has seen a surge in cross-border transactions, digital-first businesses face the challenge…
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Nigerian fintech Abeg faces its biggest test yet after blitzscaling to millions of users
On October 3, “Big Brother Naija,” a reality show sponsored by Nigerian social payments company Abeg, came to a rapturous close after 72 days on air. The show, which commenced…
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