Uber has surveyed some drivers on small loans, suggesting financial products are coming – gpgmail

[ad_1] Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such […]

Goldman backs Kobo360, Rwanda commits to EVs, Interswitch IPO update – gpgmail

[ad_1] Nigerian freight logistics startup Kobo360 raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber-like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to 10 new countries beyond […]

Update on Nigerian fintech firm Interswitch and its speculative IPO – gpgmail

[ad_1] Nigerian fintech firm Interswitch has been circulating in business news around a possible IPO on the London Stock Exchange. Last month Bloomberg News ran a story—based on unnamed sources—reporting the financial services firm had hired investment banks to go public on the LSE later in 2019. The piece spurred additional aggregated press. That Interswitch—which […]

What is Andela, the Africa tech talent accelerator? – gpgmail

[ad_1] As someone who covers Africa’s tech scene, I’m frequently asked about Andela. That’s not surprising, given the venture gets more global press (arguably) than any startup in Africa. I’ve found many Silicon Valley investors have heard of Andela but aren’t exactly sure what it does. In a bite, Andela is Series D stage startup―backed […]

Urbvan raises $9 million for its private shuttle service in Mexico – gpgmail

[ad_1] As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan, a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing. Co-founded by Joao Matos Albino and Renato Picard, Urbvan is taking the reins from startups like the now-defunct Chariot and tailoring the […]

Y Combinator graduate PredictLeads helps VCs hunt for unicorns – gpgmail

[ad_1] The Slovenian founders behind PredictLeads, another recent Y Combinator graduate, applied to the prestigious accelerator five times before they were admitted. Their business, which helps venture capital firms and sales teams identify high growth companies, i.e. potential investments and potential customers, had come a long way since it was founded in 2016. And earlier […]

Tastemakers raises $1.4M to sell Africa experiences to the world – gpgmail

[ad_1] New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices, and lists African travel and cultural experiences—from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking a 20% commission on each transaction. Community managers in […]

On-demand parking startup SpotHero raises $50 million – gpgmail

[ad_1] SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. Union Grove Venture Partners participated in the round, along with existing investors including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company. SpotHero […]

DigitalOcean launches managed MySQL and Redis database services – gpgmail

[ad_1] Half a year after launching its managed PostgreSQL service, upstart hosting and cloud services platform DigitalOcean today announced the launch of its managed MySQL and Redis database offerings, too. Like most of the company’s latest releases, this move exemplifies DigitalOcean’s ambition to move beyond its discount hosting roots and to become a more fully-fledged […]

Protein replacement startups are coming for food additives as Shiru launches from Y Combinator – gpgmail

[ad_1] Shiru, a new company that’s launching from the latest batch of Y Combinator-backed startups, is joining the ranks of the businesses angling for a spot at the vanguard of the new food technology revolution. The company was founded by Jasmin Hume, the former director of food chemistry at Just (the company formerly known as […]