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African Mobility Fintech Company Moove Secures $10 Million Financing From NBK Capital Partners
Moove, the African mobility fintech company, has today announced the closing of a US$10 million financing facility from NBK Capital Partners, strengthening the company’s mission to democratise vehicle ownership across Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Founders Fund Backs Vest, a Startup Out to Give Latin Americans a Bridge to Investing in the US Stock Market
Latin Americans seeking the ability to invest in companies trading on the Nasdaq and New York Stock Exchange now have a new option in Vest, a startup that has launched a mobile-first brokerage app with zero-commission trading in the Americas.
- Region
- Latin America
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TLcom Capital Raises $70 Million to Back African Tech Startups
TLcom Capital, a venture capital firm, says it has secured $70 million for its $150 million funding to invest in African tech-enabled businesses.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Startup Funding Triples to a Record $15 Billion in Latin America
Tech investors poured a record amount of funding into Latin America last year, minting a new class of billion-dollar startups in a region rapidly becoming a target for venture capitalists.
- Categories
- Finance, Technology
- Region
- Latin America
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Ghanaian Fintech Float Raises $17 Million Seed to Power Cash Flow for Commerce in Africa
The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech
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Nigerian Fintech Startup Pivo Raises Funding from Microtraction
Nigerian startup Pivo, a credit-focused financial services company for SME players in the supply chain, has raised an undisclosed amount of funding from early-stage VC firm Microtraction.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Revenue-Based Financing Platform a55 Receives USD$16.3 Million Series B Investment Led by Movile to Accelerate Growth
a55, a leading revenue-based financing platform in Latin America, has received USD$16.3 million Series B investment led by Movile, a long-term investor and accelerator for LatAm tech companies.
- Categories
- Finance
- Region
- Latin America
- Tags
- blockchain, data, financial inclusion, fintech
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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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