Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies […]
View More Nigerian fintech firm TeamApt raises $5M, eyes global expansionCategory: money
Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and website
Financial technology company Affirm, which offers consumers an alternative to cash and credit when paying for large purchases, has scored a notable new partner: Walmart. The companies announced this morning that Affirm’s financing options would be made available in over 4,000 Walmart Supercenters across the U.S., and will roll out to Walmart.com in the weeks […]
View More Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and websiteFTC finalizes settlement with student loan refinancer SoFi over deceptive advertising
The FTC announced this morning its has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around the SoFi’s deceptive advertising practices. Last October, the FTC issued a complaint stating that SoFi had been misrepresenting how much money student loan borrowers could save in its online, TV and direct […]
View More FTC finalizes settlement with student loan refinancer SoFi over deceptive advertisingVenmo is releasing a limited edition rainbow card
Venmo isn’t just an app. Since launching an IRL debit card last year, it now has both a physical and digital presence.
Now, Venmo is expanding its collection of brightly coloured debit cards with a special rainbow-coloured one.
SEE ALSO: 10 of the be…
On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]
View More On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicornMillennial spending habits are being questioned (again) and the internet isn’t here for it
Another day, another headline about millennial spending. Sigh.
This time, a study by Barclays looked into generational spending habits found that millennials spend more than £3,300 each year on coffee, food, going out, and clothes.
S…
Coinbase buys blockchain intelligence startup to boost security and new asset discovery
Coinbase, the world’s most valuable crypto company, is gearing up to add more cryptocurrencies to its exchange thanks to its latest acquisition. We already know the firm wants to a glut of new crypto assets, but today it announced it has snapped up blockchain intelligence startup Neutrino in an undisclosed deal that seemed destined to […]
View More Coinbase buys blockchain intelligence startup to boost security and new asset discoveryPayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer service agents that catered to PayPal users across Asian region and beyond. Now, its responsibility will be assumed by other offices, […]
View More PayPal shutters Malaysia office as part of customer service reorgInvestors are still failing to back founders from diverse backgrounds
The large majority of venture dollars are invested in companies run by white men with a university degree, according to a new report by RateMyInvestor and Diversity VC. This new data reveals that despite the lip service investors have paid to backing founders from diverse backgrounds, much, much, more work needs to be done to actually […]
View More Investors are still failing to back founders from diverse backgroundsHow to prepare for an investment apocalypse
Micah Rosenbloom Contributor Micah Rosenbloom is a venture partner at Founder Collective. More posts by this contributor Business school grads and quants are winning the battle to create the next P&G Startups need to respect the laws of retail physics Unlike 2000 and 2008, everyone in the startup world is expecting a crash to come […]
View More How to prepare for an investment apocalypseAfrica Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Partech is doubling the size of its African venture fund to $143 million Zimbabwe’s government faces off against its tech community over internet restrictions A high court in Zimbabwe […]
View More Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivotBinance now lets users buy crypto with a credit card
Binance, the world’s largest crypto exchange based on trading volume, will now let you spend money you don’t have after it added support for credit cards from Visa and Mastercard. Credit card usage in crypto is controversial. Aside from the risk — ask anyone who bought crypto last year… — top exchanges have gone back and […]
View More Binance now lets users buy crypto with a credit card