News Archive | Page 15 of 23 | Flourish Ventures

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,...

MaxAB

[TechCrunch] MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion

Originaly posted on TechCrunch By Tage Kene-Okafor Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all...

FairMone tech in africa

[Tech in Africa] FairMoney raises $42M in Tiger Global-led Series B

Originally posted on Tech in Africa By Russel Ayugi Nigerian fintech startup FairMoney has raised $42 million Series B to raise and diversify its offerings and expand it as a financial hub for users. The round was led by Tiger Global Management and other existing investors in previous rounds such...

Tiger Global

[TechCrunch] Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney

Originally posted on TechCrunch By Tage Kene-Okafor Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion...

Unit funding banking

[PYMNTS] Unit Raises $51 Million To Expand FinServ Products, Integrations

Originally posted on Pymnts Banking-as-a-Service (BaaS) platform Unit has raised $51 million in a Series B funding round, the company said in a Thursday (June 17) announcement. The financial services platform builder said the new funding will help it expand financial products and integrations — Unit has recently begun working...

Hundred dollar bill

[Benefits Pro] Tap student loans to boost your financial well-being strategy

Originally posted on Benefits Pro By Paul Joo The idea that happy employees are productive employees is not a new one, but the benefits that employers offer to promote employee well-being have evolved over time. Employer-sponsored healthcare first emerged in the 1940s. In the 1960s, IBM was known for hosting employee...

Kin - Insurance Journal

[Insurance Journal] Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

Originally posted on Insurance Journal A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team. Joining Symphony Ventures was Flourish Ventures, the global...