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Malaysian Edtech Startup Banks $1 Million in Seed Money
Malaysia-based GuruLab, a platform that provides tutors with learning analytics tools, has raised US$1 million in a seed round joined by Wright Partners.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- edtech
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Nigeria Lost $26 Billion to Twitter Ban, Businesses Say
As a result of the Twitter ban, local Nigerian businesses lost out both on online revenues and on potential sales to mass audiences.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fairplay Closes $35 Million in Equity, Debt to Provide Revenue-Based Financing to Entrepreneurs in Latin America
Mexican revenue-based investment startup Fairplay secured $35 million in Series A funding to invest in the online marketing campaigns of direct-to-consumer e-commerce brands and marketplace sellers in Latin America.
- Categories
- Finance, Technology
- Region
- Latin America
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Savings-Led Digital Finance: The Dawn of a New Era?
The digital lending market surpassed $300 billion in 2020, with significant growth among emerging markets customers who access “instant loans” from their mobile phones. But according to Philip Acton and Finn Tiedemann at DreamStart Labs Inc., there are growing concerns about the risky practices used by some of these digital lenders. They argue that one solution may come from a new generation of “savings-led” digital finance apps that use clients' savings capacity as a proxy for their ability to repay loans – a development they describe as an important milestone in digital finance.
- Categories
- Finance, Technology
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Bolt Raises €628 Million, Its Largest Funding Ever, to Boost Growth
The company says it will use part of the funding to accelerate the expansion of its new and existing mobility and delivery products across Eastern African markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Accel India Leads $55 Million Round in Investing Super App Pluang
The latest funding round will enable Pluang to invest in growth in Southeast Asia and further expand its engineering and product team run out of India’s NCR.
- Categories
- Technology
- Region
- Asia Pacific
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Ajim Capital Launches $10 Million Fund to Invest in African Startups
Ajim Capital, a venture capitalist firm based in the US has launched a $10 million fund to invest in African tech startups allowing entrepreneurs to focus on growing their businesses.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Tul Raises $181 Million in Series B Funding
Tul is a mobile app and B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America.
- Categories
- Technology
- Region
- Latin America
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