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Goldman Sachs, Others Invest $55 Million in London-Based Fintech Startup Jumo
The funding round introduced new investors to join existing investors such as Goldman Sachs, Odey Asset Management and Leapfrog Investments.
- Categories
- Finance
- Tags
- fintech, startups, venture capital
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Grab Raises up to $856m to Boost Payments Business as Rumors Swirl of a Merger With Rival Gojek
Grab said that it has raised $856 million more in funding in two tranches from strategic Japanese investors.
- Region
- Asia Pacific
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Microsoft Launches Entrepreneurship Program Targeted at Social Entrepreneurs
According to Microsoft, the criteria to qualify for the program include a business metric that measures the impact on an important social or environmental challenge; having an established product or service that will benefit from access to enterprise customers; and a commitment to the ethical and responsible use of artificial intelligence (AI).
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Facebook Backs Indian Education Startup Unacademy
Unacademy, one of India’s fastest growing education startups, has just received the backing of a major technology giant: Facebook.
- Categories
- Education, Technology
- Region
- South Asia
- Tags
- startups, venture capital
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Agritech Startup Clover Raises $5.5 MN From Omnivore, Accel
Clover is an agritech platform that works with farmers across India and markets greenhouse-grown produce through business to business (B2B) and business to consumer (B2C) channels.
- Categories
- Agriculture
- Region
- South Asia
- Tags
- agtech, startups, venture capital
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Peru’s Startup Scene Is Ready for More
While it may not be one of the largest countries in Latin America, Peru continues to have one of the best-performing economies and fastest-growing startup scenes.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- edtech, fintech, startups, venture capital
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Tech Startups Are Flooding Kenya With Apps Offering High-Interest Loans
Tala has made $1 billion in microloans to people in developing countries, all using its app. It says it can reach those who’ve been ignored by banks, because its software generates instant credit ratings from data scraped off prospective borrowers’ phones. The company is part of the financial-inclusion movement, a loose coalition of tech companies, banks, and nongovernmental organizations trying to lift people out of poverty by offering them new ways to gain access to loans and other financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Africa’s Tech Startup ‘Investment Frenzy’: Fact, Fantasy – or a Wakeup Call for Better Investing Strategies?
Are Africa's tech startups really facing an "investment frenzy" that's driving excessive valuations, growth-at-all-cost business models and unrealistic investor expectations? That was impact investor Lauren Cochran's argument in a much-discussed NextBillion article. But according to Marsha Wulff at LoftyInc Capital Management, the problem isn't an excess of funding – it's "group-think" among foreign investors who don't see the true value of local, African-led startups.
- Categories
- Investing