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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Opera’s Africa fintech startup OPay gains 0M from Chinese investors Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to […]

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EV subscription startup Canoo, co-founder sued for alleged harassment

EV subscription startup Canoo, co-founder sued for alleged harassment Just weeks after Canoo took the wraps off of its electric vehicle, the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday. The lawsuit, which was […]

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Baidu beats estimates on strong video streaming growth

Baidu beats estimates on strong video streaming growth Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQiyi<span style=”font-weight: 400;”> continues to see strong growth. The […]

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Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally

Peer-to-peer boat rental marketplace Boatsetter raises M as it looks to grow globally Obviously, not everyone owns their boat, and boat ownership is far more unique than car ownership – which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and is now […]

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Spotify hits 108M paying users and 232M overall, but its average revenue per user declines

Spotify hits 108M paying users and 232M overall, but its average revenue per user declines Spotify added 8 million subscribers in the quarter that ended in June, slightly below the estimated 8.5 million figure, the streaming giant reported today. The top music streamer said it had amassed 232 million monthly active users […]

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DigitalOcean gets a new CEO and CFO

DigitalOcean gets a new CEO and CFO DigitalOcean, the cloud infrastructure service that made a name for itself by focusing on low-cost hosting options in its early days, today announced that it has appointed former SendGrid COO and CFO Yancey Spruill as its new CEO and former EnerNOC CFO Bill Sorenson as […]

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GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding

GetAccept’s workflow and e-signature platform for sales secures M Series A funding Many years ago every sales deal was sealed with a handshake between two people. Today, digitization has moved into the sales process, but it hasn’t necessarily improved the experience. In fact, it’s often become a more time-consuming affair because information […]

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Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene

Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation of Japanese manufacturer Yamaha. Based in Lagos, […]

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MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

MAX.ng raises M round backed by Yamaha and pilots EVs in Nigeria Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation of Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates motorcycle taxi and delivery services for individuals and businesses. Six-million […]

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Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion

Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion Kenyan  communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income […]

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