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Kenya’s Sokowatch Secures $125 Million Series B, Rebrands to Wasoko
Kenyan startup Sokowatch, an e-commerce company leveraging technology to transform the informal retail supply chain, has closed a US$125 million Series B equity round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Jambo Secures $7.5 Million in Seed Funding to Build Africa’s web3 ‘Superapp’
African web3 startup Jambo has raised $7.5 million in a seed funding round that involved notable investors from the crypto space, the company announced on Monday.
- Region
- Global
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Rapper Nas joins Google in $20 Million Investment for African Gaming Company
The Grammy Award winning hip-hop star has now joined Google in Investing in Carry1st, an African mobile game publisher.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Vietnam’s Con Cung Secures $90 Million Investment From Quadria Capital
The maternity and baby care retailer intends to use the proceeds to bolster its local footprint.
- Categories
- Health Care
- Region
- South Asia
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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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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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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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Embracing Digital Solutions in Last Mile Distribution: Six Steps for Introducing New Tools to Sales Agents
COVID-19 has accelerated the shift towards greater digitalization that was already well underway in the last mile distribution sector. According to Gerwin Jansen and Yvonne Achieng at Bopinc, more digital services are coming onto the market to meet this demand – but regardless of the benefits of these tools, if sales agents don’t embrace them the business impacts will not be realized. They explore how last mile distributors can successfully embed digital solutions in their sales teams, presenting a six-step approach to rolling out new digital services to agents.
- Categories
- Entrepreneurship, Technology
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