International startup ecosystem

Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

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Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Africa has it different. It’s not a predominantly card continent. Telecoms and banks lead the majority of online financial transactions carried out in the …

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Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

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Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. It follows tabby’s initial Series B round of $50 million announced last August that valued the company at …

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Owner.com whips up new tools for independent restaurants following funding

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Six months after taking in its initial funding to provide independent restaurants with online ordering tools, Owner.com is back with an expanded suite of offerings around delivery and marketing automation after securing $15 million in fresh funding. Aiming to manage a restaurant’s entire digital presence, the company has relaunched itself to offer new tools for …

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99minutos clocks in fresh capital for logistics infrastructure in Latin America

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99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. The last round follows a $40 million Series B investment last May from Prosus …

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NeuraLegion becomes Bright Security and raises $20M Series A

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NeuraLegion, a startup that focuses on dynamic application security testing and identifying business logic issues, today announced that it has changed its name to Bright Security. In addition, the company also said that it has raised $20 million in a Series A round led by Evolution Equity Partners. Previous investors DNX Ventures, J-Ventures, Fusion Fund …

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M-KOPA raises $75M as it clocks 2 million customers across four African markets

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A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and can’t afford important purchases outright. M-KOPA’s financing platform has proved helpful to this set of users since launching as an energy …

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Stämm Biotech raises $17M for its next-generation, 3D printed bioreactor

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In the past year, there’s been a lot of hype around biomanufacturing — from growing cell-based meat to microbe-powered medicine manufacturing. But none of synthetic biology’s darlings can exist without one key piece of equipment: a bioreactor. While the world debates how best to bring biology-fueled manufacturing into existence, one company is already rethinking its …

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Flashfood raises $12.3M to scale its grocery app that helps tackle retail food waste

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Toronto-based Flashfood, a mobile marketplace that provides customers with access to discounted food nearing its best-by date, has raised $12.3 million in Series A funding led by S2G Ventures. The app allows users to browse through available deals at participating stores near them. Customers can also purchase items directly in the app and then pick …

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