Category: TC
Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as…
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Owl Ventures and Harvard Management Company back India’s study abroad platform Leap in $55 million round
Leap, a two-year-old startup with headquarters in San Francisco and Bangalore that is helping students in India find the right college abroad, prepare for entrance tests, and also secure visas and loan, said on Wednesday it has raised $55 million in a new financing round from several high-profile edtech backers.…
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Indonesia-focused Intudo Ventures closes $115M third fund
Intudo Ventures, the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Called Intudo Ventures Fund III, it was raised in less than three months and oversubscribed. Fund III’s limited partners include Black Kite Investments, the family office of Singaporean businessman Koh Bon Hwee; Wasson…
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UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance
Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates…
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5 factors that can make or break a startup’s growth journey
Brian Rothenberg Contributor Brian Rothenberg is a partner at Defy, a two-time former founder and growth executive. The “health” of a startup’s growth can be a strong predictor of how large and valuable it can become. Our generation’s most valuable startups have all sustained a high rate of user/revenue growth…
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Glovo to double down African investment in the next 12 months but will it stay put?
Spanish on-demand delivery platform Glovo today announced the expansion of its operations in Africa and plans to double its investment on the continent. The Barcelona-based company has invested up to €25M ($30M) by bringing its food delivery service to six African countries — Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire, and…
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