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African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African fintech startup Chipper Cash raises M backed by Jeff Bezos African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in […]

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The DOJ has approved Mastercard’s acquisition of Finicity

The DOJ has approved Mastercard’s acquisition of Finicity Federal regulators have approved Mastercard’s acquisition of Salt Lake City-based startup Finicity, which provides open-banking APIs. The deal is expected to go for $825 million. “We were notified that the Department of Justice completed its review of our planned acquisition of Finicity and has […]

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Daily Crunch: Venmo launches a credit card

Daily Crunch: Venmo launches a credit card Venmo’s first credit card is here, a former Amazon employee is arrested for fraud and we review the Nest Audio smart speaker. This is your Daily Crunch for October 5, 2020. The big story: Venmo launches a credit card PayPal -owned mobile payment app Venmo […]

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Oracle and Salesforce hit with GDPR class action lawsuits over cookie tracking consent

Oracle and Salesforce hit with GDPR class action lawsuits over cookie tracking consent The use of third party cookies for ad tracking and targeting by data broker giants Oracle and Salesforce is the focus of class action style litigation announced today in the UK and the Netherlands. The suits will argue that […]

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Grow Credit, which builds credit scores by paying for online subscriptions, gets Mucker cash

Grow Credit, which builds credit scores by paying for online subscriptions, gets Mucker cash Grow Credit, the startup that launched last year to help customers build out their credit scores by providing a credit line for online subscriptions like Spotify and Netflix, has added Mucker Labs as an investor and closed its […]

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Los Angeles-based challenger bank HMBradley officially opens its virtual doors

Los Angeles-based challenger bank HMBradley officially opens its virtual doors The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. The company is offering banking customers an up to 3% […]

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Gates, Wellcome and Mastercard launch $125 million fund to finance COVID-19 treatments

Gates, Wellcome and Mastercard launch 5 million fund to finance COVID-19 treatments The Bill & Melinda Gates Foundation, Wellcome, and Mastercard announced a new initiative yesterday to accelerate technologies designed to identify, assess, develop, and scale treatments to the COVID-19 epidemic. The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and […]

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Africa e-tailer Jumia reports first full-year results post NYSE IPO

Africa e-tailer Jumia reports first full-year results post NYSE IPO Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on […]

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Trump to halt immigration from Africa’s top tech hub, Nigeria

Trump to halt immigration from Africa’s top tech hub, Nigeria The Trump administration announced Friday it would halt immigration from Nigeria, Africa’s most populous nation with the continent’s largest economy and leading tech hub. The restrictions would stop short of placing a full travel ban on the country of 200 million, but […]

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Trump’s travel ban could extend to Africa’s top tech country, Nigeria

Trump’s travel ban could extend to Africa’s top tech country, Nigeria The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported the White House is considering Tanzania, Eritrea, Sudan and Nigeria for new travel restrictions, to coincide […]

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