Category: north carolina
Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps
A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment startups and established financial institutions. Okra has raised $1 million in pre-seed funding from TLcom Capital —…
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North Carolina-based The Climate Service raises $3.8 million for climate audits
With corporations across the world taking a closer look at the effects their operations have on global climate change, investors are backing a crop of software and services that are cropping up to pull back the curtain on those climate impacts. The latest of these to raise capital is The…
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Proposed amendments to the Volcker Rule could be a lifeline for venture firms hit by market downturn
In the wake of the financial crisis, Congress passed regulations limiting the types of investments that banks could make into private equity and venture capital funds. As cash strapped investors pull back on commitments to venture funds given the precipitous drop of public market stocks, loosening restrictions on the how…
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U.S. response to the COVID-19 coronavirus moves from “containment” to “mitigation”
In interviews across major television networks on Sunday, U.S. officials all-but-admitted that efforts to contain the spread of the novel coronavirus, COVID-19, have failed and that the country now needs to move to mitigate the effects of the continuing spread of the disease on the nation’s health and economy. “We…
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Los Angeles-based SureSale is developing an independent certification service for used cars
Donny Hall, the chief executive and co-founder of the used car certification service, SureSale, knows used cars. The serial entrepreneur built and sold a previous business which was designed CarSure, an insurance plan for vehicle repairs. After selling that business in 2017 to Innovative Aftermarket Systems, Hall decided that his…
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Iowa’s caucus app was a disaster waiting to happen
A smartphone app designed to help announce the results of the Iowa caucus ended up crapping out and causing a massive delay by almost an entire day. The Iowa caucus traditionally uses gatherings of people in counties across the state to determine which candidates they want to back for the…
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