Category: finance
Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom
VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nairobi — is looking for tech-enabled, revenue-driven ventures in Africa from seed-stage to Series…
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Leap Finance raises $5.5M to democratize financing for foreign-bound Indian students
Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal loans from the banks at interest rates on par with those levied on local students. The…
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Robinhood suffers prolonged outage on the day the Dow enjoyed its single biggest point gain
Robinhood, the startup with a stock trading app valued upwards of at least $7.6 billion, suffered one of its worst outages on one of the busiest trading days of the year. As the Dow Jones Industrial Average enjoyed the single biggest point-gain in the history of the index, Robinhood’s application…
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Could lessons from the challenger bank revolution kick-start innovation on the climate crisis?
Now that the world is swimming in data we may be able to address the climate and environmental risks to the planet. But while there is plenty of capital to invest in things like ClimateTech, a lot of the data that’s needed to tackle this big issue is badly applied,…
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Thought Machine nabs $83M for a cloud-based platform that powers banking services
The world of consumer banking has seen a massive shift in the last ten years. Gone are the days where you could open an account, take out a loan, or discuss changing the terms of your banking only by visiting a physical branch. Now, you can do all this and…
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Daily Crunch: DoorDash files to go public
DoorDash prepares to go public, Roblox raises $150 million and Reddit’s CEO takes aim at TikTok. Here’s your Daily Crunch for February 27, 2020. 1. DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO The company said that its Form S-1 (a draft registration…
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