The field of insurance technology has had a rough time. About 7 years ago, early insurtech companies promised to disrupt the insurance industry with new tech, but today, most of those companies have either been acquired or are floundering in the public markets. Fortunately, insurtech has found a new wave to ride in the past … Read more
African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility. For over a decade, the Nigeria-based Appzone has functioned as an enabler (at payment rails and core infrastructure) within banking and … Read more
Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups, secured a $2.5 million investment from Elm, which specializes in offering ready-made and customized digital solutions to public and private institutions in Saudi Arabia. The pre-Series A investment from Elm also includes a strategic partnership to help Youverify streamline … Read more
Paul Clarke, a veteran photographer, was out rowing on the River Thames in the rain Sunday when his phone started lighting up. The royal family had just released a photo of Catherine, Princess of Wales, and her three children — officially, a greeting in honor of Mother’s Day in Britain, yet one that also arrived … Read more
Founded by former Silicon Valley engineers, UK-based Griffin Bank, an API-driven banking-as-a-service platform just obtained a banking license, roughly one year after starting the application process. This means it has been given the green light from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to exit ‘mobilization’ and … Read more
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, focused on startup and venture capital news that matters. If you are a founder or an investor, this one is for … Read more
MDaaS Global, a Nigerian health tech company that operates a network of tech-enabled diagnostic centers across the country, has secured $3 million in pre-Series A funding. The round was led by Aruwa Capital and Newton Partners, the latter of which was the lead investor in the health tech’s $2.3 million seed extension in 2021. MDaaS … Read more
As remote work becomes increasingly prevalent, organizations globally are adapting, especially regarding onboarding procedures for new employees and navigating cross-border payment complexities. This new age of work has led to a surge in demand for startups that provide human resources (HR), payroll and compliance tools to help businesses hire remotely. RemotePass, one such business out of … Read more
Amid the speculation and volatility in the casino-like crypto land, there remains a subset of individuals who espouse blockchain’s potential to decentralize various aspects of human activities for the greater good. Taiko‘s founder Daniel Wang is one of these idealistic founders. A serial entrepreneur, Wang initially wanted to bring decentralization to social platforms. Decentralized networks … Read more
Interview Kickstart, a profitable startup helping tech professionals acquire career-advancing skills, has raised $10 million in its maiden funding from Blume Ventures, the companies said on Monday. The San Francisco-based startup, founded in 2014, assists engineers learn from employees of top tech companies or their alumni. Though always profitable, 2023 was pivotal for Interview Kickstart … Read more