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Insurtech startup Obie raises $10.7M Series A led by Battery Ventures
Obie, which has developed an insurtech platform for landlords, has raised $10.7 million in a Series A funding round led by Battery Ventures. ...
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Safaricom opposes push to make M-Pesa separate unit
Safaricom will not spin out the lucrative M-Pesa unit into a stand-alone business, bucking the trend by other telcos such as Airtel Africa ...
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eCommerce Fraud Prevention Firm Forter Raises $300 Million
eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round, according to a press release. This marks a ...
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Dubai Debuts Own Cryptocurrency Valued At $0.17 Per Coin
Dubai is debuting a digital currency called DubaiCoin with an international starting price of $0.17 per coin, according to a press release. Consumers ...
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DMO Plans to Issue Sukuk Bond in Third Quarter of 2021
Nigeria’s Debt Management Office (DMO) has revealed a plan to issue a Sukuk bond in the third quarter of 2021, Patience Oniha, Director-General ...
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Sinch raises $1.1 billion in direct share issue
Sinch – the Swedish customer engagement giant- raised $1.1 billion in a direct share issue, with the majority of the funds coming from ...
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Allianz Africa makes leadership announcements in Kenya, Senegal
Allianz Africa has recently made leadership announcements for its operational entities in Kenya and Senegal. Adja Samb, currently CEO of Allianz Senegal has ...
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African fintech OPay is reportedly raising $400M at over $1.5B valuation
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million. The fundraising is coming two years after OPay ...
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SEC OKs Nasdaq Proposal To Allow IPO Alternative
The Nasdaq exchange is permitted to host direct listings of companies going public without involving investment banks under a new ruling by the ...
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Spanish brokerage platform launches open banking payments with Truelayer
Financial API provider TrueLayer has partnered with yet another fintech, this time Spanish investing platform HeyTrade. The partnership will see HeyTrade’s customers use ...