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The paradox of 2020 VC is that the largest funds are doing the smallest rounds

The paradox of 2020 VC is that the largest funds are doing the smallest rounds I talked yesterday about how VCs are just tired these days. Too many deals, too little time per deal, and constant hyper-competition with other VCs for the same equity. VCs are just tired One founder friend of […]

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Visa’s Plaid acquisition shows a shifting financial services landscape

Visa’s Plaid acquisition shows a shifting financial services landscape When Visa bought Plaid this week for $5.3 billion, a figure that was twice its private valuation, it was a clear signal that traditional financial services companies are looking for ways to modernize their approach to business. With Plaid, Visa picks up a […]

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The crypto rich find security in Anchorage

The crypto rich find security in Anchorage Not the city, the $57 million-funded cryptocurrency custodian startup. When someone wants to keep tens or hundreds of millions of dollars in Bitcoin, Ethereum, or other coins safe, they put them in Anchorage’s vault. And now they can trade straight from custody so they never […]

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Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation

Visa is acquiring Plaid for .3 billion, 2x its final private valuation Visa announced today that it is buying financial services API startup Plaid for $5.3 billion.  Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and […]

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Smasung launches the rugged, enterprise-ready Galaxy XCover Pro

Smasung launches the rugged, enterprise-ready Galaxy XCover Pro We got a bit of a surprise at the end of CES: some hands-on time with Samsung’s latest rugged phone for the enterprise, the Galaxy XCover Pro. The XCover Pro, which is officially launching today, is a mid-range $499 phone for first-line workers like […]

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2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital 2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high profile IPO, visits by both Jacks (Ma and Dorsey), and big Chinese startup investment energized that. The last 12 months served as a grande […]

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No Libra style digital currencies without rules, say EU finance ministers

No Libra style digital currencies without rules, say EU finance ministers European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed […]

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Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

Africa Roundup: Nigerian fintech gets 0M, mints unicorn, draws Chinese VC November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised […]

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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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