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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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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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Sydney’s AirTree Ventures closes $275M fund as Aussie unicorns gather pace

Sydney’s AirTree Ventures closes 5M fund as Aussie unicorns gather pace The Australian scene industry has, in the last few years, started to generate a swathe of startups that have broken through internationally. Prior to this current era, Australia was scene has very much a local market in tech terms, with only […]

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Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

Cross-border fintech startup Airwallex raises 0M at a valuation of over B Australia-based Airwallex is the tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four […]

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Bowtie raises $30M to bring the digital insurance model to Hong Kong

Bowtie raises M to bring the digital insurance model to Hong Kong The digital revolution has spawned ‘challenger’ banks that operate entirely online, with no high street presence. That phenomenon has taken off in Europe — particularly the UK — but over in Hong Kong, one of the world’s key financial hubs, the […]

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Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit

Korean lending startup PeopleFund raises M led by chat app Kakao’s payment unit South Korean peer-to-peer lending startup PeopleFund is in the money itself after it raised an $11 million Series B funding round that was led by Kakao Pay, the fintech division of Kakao, Korea’s top messaging firm. The deal comes as […]

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New unicorn Klook raises $200M to expand its travel activities platform worldwide

New unicorn Klook raises 0M to expand its travel activities platform worldwide Klook, a Hong Kong-based startup developing a travel activities platform, has pulled in $200 million in new capital to fuel a major expansion into the U.S. and Europe. A spokesperson confirmed to TechCrunch that the round values the company at […]

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US-China biotech startup XtalPi lands $15M from Google, Tencent and Sequoia

US-China biotech startup XtalPi lands M from Google, Tencent and Sequoia  Google continues to increase its presence in China after it joined Sequoia China and Tencent in a $15 million investment for XtalPi, a U.S.-China biotech firm that uses artificial intelligence and computing to accelerate the development of new drugs. The search giant […]

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GV co-leads $27.1M Series A in Oxford Uni life sciences spinout Vaccitech

GV co-leads .1M Series A in Oxford Uni life sciences spinout Vaccitech  Leaning on its in-house life sciences expertise GV has backed another biotech startup in the UK, co-leading a £20 million ($27.1M) Series A in Oxford University spinout Vaccitech, which is developing a universal flu vaccine. Read More Source: techCrunch

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