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Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO […]

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Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

Catalyst Fund gets M from JP Morgan, UK Aid to back 30 EM fintech startups The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accelerator […]

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ProducePay nabs $190 million debt financing to lend to farmers

ProducePay nabs 0 million debt financing to lend to farmers Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. ProducePay offers farmers cash advances throughout the growing season to smooth the sometimes lumpy revenues and give farmers […]

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Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

Brazil’s new fintech startup Cora raised million on the strength of its founding team It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million. Igor Senra and Leo Mendes had worked […]

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This debut venture firm, backed by an Argentine conglomerate, is investing $60 million in far-flung U.S. startups

This debut venture firm, backed by an Argentine conglomerate, is investing million in far-flung U.S. startups Nico Berardi considers himself to be a citizen of the world, with a penchant for travel and a wide range of interests. Unlike many other VCs, who’ve increasingly specialized their mandates as the market has grown […]

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VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

VTEX, an e-commerce platform used by Walmart, raises 0M led by SoftBank’s LatAm fund E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called […]

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Alphabet’s Loon signs deal with Telefonica to provide internet to remote parts of the Amazon

Alphabet’s Loon signs deal with Telefonica to provide internet to remote parts of the Amazon Alphabet-owned Loon, the high-altitude balloon company that is using its stratospheric technology to provide internet connectivity on Earth, has signed a new commercial agreement with Telefonica-owned Internet para Todos (IpT). The IpT initiative, which is also backed […]

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PalmPay launches in Nigeria on $40M round led by China’s Transsion

PalmPay launches in Nigeria on M round led by China’s Transsion Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and Taiwanese wireless comms hardware firm Mediatek — […]

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Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist Sophia Wood Contributor Share on Twitter Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin […]

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Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Brazilian unicorn Ebanx will hit billion in payments processed by the end of the year Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch […]

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