FinTech startup CabbagePay is rolling out in major cities across the United States with the goal of integrating its prebuilt technology into business’s own mobile apps, websites and online stores for seamless and cost-effective payments. CabbagePay’s payment rails work with several industries including retail, freelancing...
African startups secured close to $5 billion in venture capital (VC) funding in 2021, twice as much as the previous year. But while doubling the funding figure year on year is worth celebrating, it pales in comparison to the $621 billion raised globally in 2021,...
Female-led companies made meaningful gains in 2021, but the work of using digital technology to level the playing field for women entrepreneurs is just starting its ascent, dealing not only with classic obstacles facing women in business but strong economic headwinds. The May/June 2022 report...
It’s been widely referred to as the “fundraising winter”: a major downturn as tech stocks fall and the appetite for investment wanes, leading to mounting losses and mass layoffs from tech firms that had experienced booming growth in 2021. But ultimately, lenders and investors haven’t...
PropTech startup Casavo just bagged $409 million (€400 million) in Series D funding, EU Startups reported Tuesday (July 19). An initial €300 million was invested by Intesa Sanpaolo and Viola Credit, while Exor added another €100 million. Previous investors include Neva SGR (Intesa Sanpaolo Group),...
From self-employed freelancers to the local shops and restaurants that are the cornerstones of so many communities, small businesses in emerging markets across Africa must maintain enough liquidity to take advantage of growth opportunities or tackle challenges. And in the absence of cash on hand,...
Nigerian open banking startup Mono, which gives customers access to financial data and bank payments for digital businesses across Africa through its infrastructure, has added a Kenyan outpost as the first step of its continent-wide growth fueled by a $15 million funding round last fall....
Amid Russian threats to punish Lithuania over blocked rail shipments to the enclave of Kaliningrad, Lithuanians today are bracing themselves for retaliation from Moscow. Yet against that backdrop of Russian aggression, Lithuanian startups seem to be managing well, raising millions in funding during the ongoing...
The current wave of anti-money laundering (AML) technology has been largely precipitated by a series of directives issued by the European Parliament since 2015. Nevertheless, financial institutions (FIs) operating in the bloc have more to gain than legislative compliance when it comes to intercepting the...
