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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

When Keto Kitchen had good sales in the first quarter, Meyer went to the bank to ask for expansion financing and recalled the banker asking him what a ghost kitchen was. That told him there was an opportunity for a data-driven financing tool for these types of restaurants. The voracious fight for your salad bowl.

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Oxfam Novib and Goodwell target East African startups with €20M Pepea fund

TechCrunch

Impact investor Goodwell Investments and Oxfam Novib , a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. Pepea’s long-term plan is to improve the quality and affordability of these necessities.

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Why more fintechs may be going the debt financing route

TechCrunch

More debt financings means flat is the new up. Last week, I wrote about Founderpath , an Austin-based company that offers debt financing to B2B startups. On August 8, Mexico City–based expense management startup Clara announced it had been approved for financing from Goldman Sachs for up to $150 million. And elsewhere.

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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years. The startup introduced vehicle financing in 2018, and in just over two years, CFO Guy-Bertrand Njoya told TechCrunch, the churn rate by drivers affiliated to them has crashed to “close to zero.”. “We

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FreshToHome nets $104m in Series D led by Amazon Smbhav Venture Fund

AsiaTechDaily

Government’s development finance institution – DFC. Since its launch in 2015, FreshToHome currently operates in 160+ cities in India and the UAE as it offers more than 2,000 certified fresh and chemical-free products. This time, the company earned $104M from Series D, the company said in a statement.

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Vietnamese edtech startup MindX scores $15m in Series B funding

AsiaTechDaily

Founded in 2015, MindX has graduated over 35,000 students of all ages, many now with successful technology careers in nearly 20 countries. MindX also continues to receive debt financing from Beacon Fund, an impact investment firm that focuses on women-owned and women-led businesses in Southeast Asia.

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Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups

TechCrunch

Paris-originated VC Breega wasn’t enormously well known in the VC world (it only closed its first fund in 2015) until, perhaps, it started attracting attention with its second €110 million seed fund, just under a year go. Breega’s aim is to finance at least 20 companies in total with the new fund.

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