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Brainly Raises $80 Million as Its Platform for Crowdsourced Homework Help Balloons to 350 Million Users
Brainly, a startup from Poland that has built a popular network for students and their parents to engage with each other for advice and help with homework questions, has raised $80 million, a series D that it will be using both to continue building out the tools that it offers to students as well as to home in on expansion in some key emerging markets such as Indonesia and Brazil. The news comes on the heels of dramatic growth for the company, which has seen its user base grow from 150 million users in 2019 to 350 million today.
- Categories
- Education
- Tags
- startups
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Umba, a Digital Bank for Emerging Markets, Raises $2 Million Seed Funding to Expand Across Africa
Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Visa and Visa Foundation Extend Support of Minority-Led Small Businesses
“The capital gap for entrepreneurs of color must be closed if we are to achieve inclusive economic growth for everyone, everywhere,” said Graham Macmillan, president, Visa Foundation. “Visa Foundation is privileged to partner with these organizations that are addressing this funding and opportunity gap by helping them to empower women, Black and Latinx entrepreneurs. These grants represent just the beginning of our commitment to allocate capital, both grants and investments, to gender and racially-diverse investors and entrepreneurs."
- Categories
- Uncategorized
- Tags
- impact investing
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Bayer Steps up Its Commitments to Support Smallholder Farmers in Asia
The Better Life Farming Alliance (BLFA), Bayer’s global, multi-stakeholder partnership model that provides holistic and innovative solutions for smallholder farmers in developing economies, has launched in Bangladesh and Indonesia.
- Categories
- Agriculture, Social Enterprise
- Region
- Asia Pacific
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Coders Behind Bars: The Prisoners Training for Future Tech Jobs
Unemployment among former inmates in the US is five times higher than for the general population, according to Amazon Web Services (AWS). The company is involved in Justice Through Code, a project to bring coding qualifications to the convicted from Columbia University’s Center for Justice and The Tamer Center for Social Enterprise at Columbia Business School.
- Categories
- Social Enterprise, Technology
- Region
- Asia Pacific
- Tags
- employment
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Nigeria’s Apex Bank Bans Mobile Money Operators From Receiving Remittances
The Central Bank of Nigeria (CBN) has suspended Mobile Money Operators, Payment Switch providers from receiving remittances or integrating their systems with International Money Transfer Operators (IMTOs).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: BioLite Achieves Company Milestone, Reaching 1 Million Lives With Clean Energy
BioLite announced that through the company’s efforts to reach rural off-grid communities, BioLite’s clean energy solutions have impacted over one million lives in emerging markets.
- Categories
- Energy
- Tags
- off-grid energy
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Asian Development Bank Approved $93 Million Loan to Boost Skills Development and Inclusive Growth in Uzbekistan
The Asian Development Bank (ADB) today announced that it has approved a $93 million loan to help enhance competitiveness in Uzbekistan and boost inclusive growth by improving market-relevant skills development for young people and unemployed job seekers.
- Categories
- Uncategorized
- Tags
- youth
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