News Archive | Page 13 of 22 | Flourish Ventures

Jetty co-founder and CEO Mike Rudoy (iStock, Jetty)

[The Real Deal] Rental insurance startup looks to solve late-rent problem

Originally posted on The Real Deal By T.P. Yeatts Jetty offers product as rental market contends with return of evictions; aims to become go-to financial services platform for rental industry Image credit: Jetty co-founder and CEO Mike Rudoy (iStock, Jetty) Late rent payments are a problem not only for renters,...

Two mobile phones

[The Standard] Plumbing: The heartbeat of embedded finance

Originally posted on The Standard When one thinks about embedded finance, the first image that comes to mind might be a mobile payments tool in WeChat, or maybe a bank account for Uber workers. What they might not know is just how much work goes on behind the scenes to...

[TechCrunch] Jetty raises $23M to help give renters more payment flexibility

Originally published in TechCrunch By: Mary Ann Azevedo Jetty, a fintech company which aims to give renters flexibility when paying rent, has raised $23 million in a funding round co-led by Citi and Flourish Ventures. The financing brings Jetty’s total raised since its 2016 inception to $78 million. Other investors...

[Nikkei Asia] Bangladeshi retail tech startup raises $74m from US fund

Originally posted on Nikkei Asia By Rachel Phua Image credit: A man sells vegetables on the street in Dhaka on July 6. Bangladesh is one of the most fragmented retail markets in Asia and has huge potential to grow. © Reuters SINGAPORE -- ShopUp, a Bangladesh-based startup that is...

[TechCrunch] Commerce platform ShopUp raises $75 million in Bangladesh's largest funding

Originally published in TechCrunch By: Manish Singh ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market. Peter Thiel’s Valar Ventures led ShopUp’s $75 million Series B round. Prosus Ventures as well as...

MaxAB

[TechCrunch] MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

Originally posted on TechCrunch By Tage Kene-Okafor Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing investors — RMBV,...

Drone

[Business Daily Africa] Agritech is the next frontier in growing Africa food security

Originally posted on Business Daily Africa SUMMARY Over the past five years, funding in agritech start-ups across the African continent has been rising consistently, according to data from Disrupt Africa, with hot spots emerging in Kenya and South Africa. Many tech start-ups have developed solutions targeting various aspects of agriculture,...

Efayomi Carr

[The Standard] Adopting Open Data for Finance Could Boost Economic Growth in Ten Years

Originally posted on The Standard As we emerge from the pandemic, we are seeing several mutually reinforcing shifts in how the financial system functions. First, the basic digital infrastructure for finance, accounts, payments and identity is getting an upgrade. Second, this evolving financial technology stack, driven by APIs, is getting...

Rajamanohar

[Entrepreneur] Aquaculture Startup Aquaconnect Raises $4 Mn Pre-Series A Round

Originally posted on Entrepreneur By Prabhjeet Bhatla Aquaconnect, South Asia's aqua farmers’ network, announced on Tuesday that it has raised $4 million in a pre-Series A round led by Rebright Partners and Flourish Ventures. AgFunder and 6G Capital also participated in this round, along with existing investors Omnivore and HATCH....

Lidya

[FinExtra] Digital lender Lidya raises $8.3m

Originally posted on FinExtra International alternative SME finance lender, Lidya, has successfully raised US$8.3 million in a pre-series B funding round. The funding will support Lidya as the business looks to grow its lending operations for SMEs across its African and European markets. The funding round was led by Alitheia...

Lidya

[TechCrunch] A year after expanding to Europe, Nigerian fintech Lidya raises $8.3M to scale lending operations

Originally posted on TechCrunch By Tage Kene-Okafor Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. In...

Apps on a Mobile Phone

[Bloomberg] Ecommerce Fixer for Egypt Mom and Pop Stores Gets Funds

Originally posted on Bloomberg By Mirette Magdy An Egyptian e-commerce business linking traditional retailers with suppliers of products such as food and groceries plans to expand in North Africa and the Gulf after an early-stage funding round. Cairo-based MaxAB raised $40 million from RMBV and seven others including the International Finance Corp. and Flourish Ventures,...