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Fintech is Not Enough: Why Startup Investments in Africa Must Diversify Across Sectors
Africa is often considered one of the world's largest untapped venture markets, and this potential has fueled interest in the region's tech startups. But as Elo Umeh of Terragon Group explains, though investments have been increasing, they have typically focused only on certain sectors, like fintech and off-grid tech. He explores the value in diversifying these investments across other growing industries, including edtech, agritech and martech, and urges founders and investors to extend their resources to build a robust and complementary technology ecosystem on the continent.
- Categories
- Investing, Technology
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LoftyInc Capital Launches Third Fund at $10 Million for a More Diverse Portfolio of African Startups
LoftyInc Capital, a pan-African VC firm, announced that it is launching its third fund for tech startups in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, startups, venture capital
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Shared Mobility Startup Plentywaka Raises $1.2 Million Seed Round and Acquires Stabus Ghana
Plentywaka acquired Ghanaian mobility startup, Stabus as it looks to expand its African operations, starting with West Africa.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
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Mexican Neobroker Flink Raises $57 Million To Boost Financial Inclusion in Latin America
Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners.
- Categories
- Finance, Technology
- Region
- Latin America
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AgNext Technologies lands $21 million Led by Alpha Wave Incubation
AgNext Technologies has raised $21 million in its Series A round, led by Alpha Wave Incubation (AWI), in the largest Series A funding received by an Indian agri-tech startup so far.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- startups
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India’s Eruditus Valued at $3.2 Billion in $650 Million Fundraise
The universities and Eruditus work to develop courses that are aimed at offering higher education to students.
- Categories
- Education
- Region
- Global
- Tags
- edtech, global development, startups
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Tendenube Becomes the New Unicorn in Mexico After Receiving an Investment of US $500 Million
The ecommerce platform Trendenube received a new round of investment for 500 million dollars, making it the new unicorn in Mexico
- Categories
- Investing
- Region
- Latin America
- Tags
- e-commerce, startups
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Brazil’s Nuvemshop Raises $500 Million at a $3.1 Billion Valuation Months After Last Raise
Nuvemshop aims to give entrepreneurs a way to build and grow online businesses.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- e-commerce, startups
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