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Startups Weekly: Chinese investors double down on African startups

Startups Weekly: Chinese investors double down on African startups Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted […]

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Trouva, an online marketplace for independent boutiques, raises $22M

Trouva, an online marketplace for independent boutiques, raises M Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying […]

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Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises $40M Series B

Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises M Series B There’s an arms race in retail to produce better coffee, and one startup, Bellwether Coffee, thinks it has the solution for retailers to sell the very best beans. The business, headquartered in Berkeley, is today announcing a $40 million Series B […]

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Clothing marketplace Poshmark confirms data breach

Clothing marketplace Poshmark confirms data breach Poshmark, an online marketplace for buying and selling clothes, has reported a data breach. The company said in a brief blog post that user profile information, including names and usernames, gender and city data was taken by an “unauthorized third party.” Email addresses, size preferences, and […]

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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Pinduoduo cements position as China’s second-largest ecommerce player

Pinduoduo cements position as China’s second-largest ecommerce player Alibaba and JD.com have been in a war over the Chinese e-commerce space for a decade or so, but a third player called Pinduoduo has managed to shake up the duopoly in recent times. The startup, which was founded in 2015 by an ex-Googler […]

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SEC expands its war on cryptocurrency companies with a lawsuit against Kik

SEC expands its war on cryptocurrency companies with a lawsuit against Kik The Securities and Exchange Commission has sued Kik Interactive for the $100 million token sale the company announced two years ago. It’s an expansion of legal actions that began last year as the SEC seeks to rein in companies that […]

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Online catering marketplace ezCater gets another $150M at a $1.25B valuation

Online catering marketplace ezCater gets another 0M at a .25B valuation In 2007, Stefania Mallett and Briscoe Rodgers conceived of ezCater, an online marketplace for business catering, and began building the company in Mallet’s Boston home, mostly at her kitchen table. Recently, sitting at that same table, Mallett negotiated with Brad Twohig […]

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China’s Alipay digital wallet is entering 7,000 Walgreens stores

China’s Alipay digital wallet is entering 7,000 Walgreens stores China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing […]

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Foot Locker invests $100 million in GOAT Group

Foot Locker invests 0 million in GOAT Group Foot Locker, the mostly mall-bound retailer of mass market sneakers, has invested $100 million in the sneaker marketplace and retailer of primarily rare and exclusive high-end athletic and lifestyle shoes, GOAT Group. The companies said that the investment would eventually lead to Foot Locker […]

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