Category: TC
Kenya’s MarketForce raises $2M, plans to focus on its B2B retail marketplace RejaReja
A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried out via a network of about 100 million MSMEs. Africa’s retail payments, mostly…
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Clearco gets the SoftBank stamp of approval in new $215M round
Toronto-based Clearco, a fintech capital provider for online companies, has raised $215 million in a round led by SoftBank Vision Fund II. The financing event closed just weeks after Clearco completed its most recent financing, a $100 million round that quintupled its valuation to $2 billion. While the trend of…
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Smile Identity raises $7M to build KYC and identity verification tools for Africa
An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report which states that 81% of this number live in sub-Saharan Africa and South Asia without official proof of identity. It’s no news that Africans spend an inordinate amount of…
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Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another
Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. The Jakarta-based startup was created to give everyone involved…
Read MoreIndonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another
Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. The Jakarta-based startup was created to give everyone involved…
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Google faces a major multi-state antitrust lawsuit over Google Play fees
A group of 37 attorneys general filed a second major multi-state antitrust lawsuit against Google Wednesday, accusing the company of abusing its market power to stifle competitors and forcing consumers into in-app payments that grant the company a hefty cut. New York Attorney General Letitia James is co-leading the suit…
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