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Venture Capital Funds Led by People of Color Face More Bias the Better They Perform, Stanford Researchers Find
In their evaluations of high-performing venture capital funds, professional investors rate white-led teams more favorably than they do black-led teams with identical credentials, a new Stanford study finds.
- Categories
- Investing
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Kenya’s Sokowatch Raises Further $2.5m Funding, Expands to Rwanda, Uganda
Kenyan startup Sokowatch, a B2B e-commerce platform supplying informal African retail stores, has expanded into Rwanda and Uganda after securing a further tranche of seed funding worth US$2.5 million in February.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fintech Decacorn Nubank Raises $400M Led by TCV
Nubank announced a few weeks ago that it will start to expand its offerings to Mexico and Argentina. Over the past year, the company has expanded its product offerings to include personal loans and cash withdrawal options as part of its digital savings accounts.
- Categories
- Finance
- Region
- Latin America
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Ethic Picks Up New $13 Million Series A Funding
With the growth of sustainable investing — the U.S. Forum for Sustainable and Responsible Investing said strategies grew 38% from 2016 to 2018, to $12 trillion in assets — Lipman sees environmental, social and governance investing mimicking the growth of ETF investing a decade ago.
- Categories
- Investing
- Region
- North America
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India’s NiYO ‘Neo-Bank’ Raises $35m to Help Blue-Collar Workers Access Financial Services
NiYO Solutions serves as a “neo-bank” that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers to customers additional features such as lending and insurance. Blue-collared employees in India (and many other markets) continue to struggle in availing crucial financial services from banks that typically reserve them for the privileged segment.
- Categories
- Finance
- Region
- South Asia
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Press Release: MDaaS Global Closes on Seed Funding of $1 Million
MDaaS was created to address the lack of high-quality, affordable diagnostic services available for low- and middle-income sub-Saharan Africans, starting with Nigeria’s 130 million low- and middle-income patients. Where available and up-to-date, health services are unaffordable for most of Nigeria’s population, and expensive out-of-pocket costs discourage patients. MDaaS leverages its vertically-integrated supply chain, technology platform, and patient-centered design to provide modern, convenient services at a price point patients can afford.
- Source
- Press Release
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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IAN Fund Leads a $2.7 Million Round in Chakr Innovation
Founded in 2016, the startup leverages cutting-edge technology to capture emissions from diesel generators and convert the pollution-causing particles into a base pigment for black inks and paints.
- Categories
- Environment
- Region
- South Asia
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Zipline’s New $190 Million Funding Means It’s the Newest Billion Dollar Contender in the Game of Drones
With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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