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CoreNest Launches $25 Million Fund to Support Startups in El Salvador
The initiative, which is a joint effort between the Government of El Salvador and strategic allies of the ecosystem, will support around 300 high potential startups over the next five years in the Central American country.
- Categories
- Investing, Technology
- Region
- Latin America
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Razorpay, NPCI, and OpenAI Join Forces to Enable ChatGPT UPI Payments in India
Razorpay partners with OpenAI and NPCI to test ChatGPT-based agentic UPI payments for seamless shopping.
- Region
- Asia Pacific
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PayPal Commits $100 Million to Accelerate Digital Growth Across the Middle East and Africa
This strategic investment will be deployed through a mix of minority investments, acquisitions, PayPal Ventures funding, people, and technology deployments that will help local businesses scale, etc.
- Categories
- Technology
- Region
- Global
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Moving Past the ‘Infrastructure of Hope’: Why Investors, Policymakers and Entrepreneurs Must Build a Modern E-Commerce Ecosystem in Southeast Asia
Small and medium-sized enterprises (SMEs) account for over 95% of all businesses in Southeast Asia, and millions of these entrepreneurs have migrated their hustle online. Yet according to Macy Castillo at Enstack, due to a lack of access to reliable payment options and other tools, they are attempting to build modern e-commerce businesses on a foundation of informal agreements and personal trust: an “infrastructure of hope” that leaves them exposed to payment fraud and locked out of formal finance. She argues that this is the central challenge for economic inclusion in Southeast Asia today, and explores Enstack's solution.
- Categories
- Finance, Technology
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PlaySuper Secures $1 Million Seed Funding to Power Next-Gen Gaming Monetization
"PlaySuper aims to build the commerce backbone for the next generation of gaming. . . "
- Categories
- Technology
- Region
- Global
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East Asia Brings Boom to African Fintech Unicorn Flutterwave
The company’s international growth this year has also included securing 20 new licenses in the United States for its remittance app, Send.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Flood Raises $2.5 Million to Digitise Offline Commerce in Emerging Markets
Founded by serial entrepreneur André de Wet, Flood is a mobile-first digital commerce platform designed to power clicks-to-mortar retail in emerging markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Takealot Group Expands Mr D Into On-Demand Marketplace Beyond Food Delivery
Originally focused on restaurant food delivery, Mr D began its pivot during the COVID-19 pandemic, when lockdowns disrupted the restaurant industry.
- Categories
- Technology
- Region
- Sub-Saharan Africa