Work Life Ventures raises $5M for debut enterprise SaaS seed fund – gpgmail

Brianne Kimmel had no trouble transitioning from angel investor to general partner. Initially setting out to garner $3 million in capital commitments, Kimmel, in just two weeks’ time, closed on $5 million for her debut venture capital fund Work Life Ventures. The enterprise SaaS-focused vehicle boasts an impressive roster of limited partners, too, including the […]

SF based African fintech startup Chipper Cash expands to Nigeria – gpgmail

The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria. The San Francisco based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partnership with PayStack—the payment gateway company. Paystack CEO Shola Akinlade confirmed the collaboration. Chipper Cash will establishe a company […]

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

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 current […]

Rwanda to phase out gas motorcycle-taxis for e-motos – gpgmail

The government of Rwanda will soon issue national policy-guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president Paul Kagame previewed the plan last week. “We will find a way to replace the ones you have now. We urge taxi-moto operators to help us when the phase-out process comes,” […]

Baidu beats estimates on strong video streaming growth – gpgmail

Chinese technology group Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQiyi continues to see strong growth. The 19-year-old firm’s shares were up more than 9% in extended trading. The […]

Snapchat beats a dead horse – gpgmail

Hey. This is Week-in-Review, where I give a heavy amount of analysis and/or rambling thoughts on one story while scouring the rest of the hundreds of stories that emerged on gpgmail this week to surface my favorites for your reading pleasure. Last week, I talked about how Netflix might have some rough times ahead as […]

Y Combinator-backed Holy Grail is using machine learning to build better batteries – gpgmail

For a long, long time, renewable energy proponents have considered advancements in battery technology to be the holy grail of the industry. Advancements in energy storage has been among the hardest to achieve economically thanks to the incredibly tricky chemistry that’s involved in storing power. Now, one company that’s launching from Y Combinator believes it […]

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund – gpgmail

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital […]