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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

The investment is the largest-ever Series A round for the region, and it values Wave at $1.7 Four big-name backers jointly led the round — Sequoia Heritage, a private investment fund and a subsidiary of Sequoia; Founders Fund; payments upstart Stripe; and Ribbit Capital. ” Going up against incumbents. Wave , a U.S.

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End-to-end operators are the next generation of consumer business

TechCrunch

Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. How to communicate with your board in tough times. He focuses on consumer internet, online marketplace and software investments. More posts by this contributor.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

The CEO is Guru Hariharan, who you might remember from retail analytics company Boomerang Commerce , a Startup Battlefield finalist in 2014. As part of the investment, Priya Saiprasad, partner at SoftBank Investment Advisers, is joining CommerceIQ’s board of directors. “E-commerce He exited the company to Lowe’s in 2019.

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

Carmel previously founded Ethos Lending (which sold to Fenway Summers in 2014 ) and it was that experience that helped him conclude there were serious gaps in the market for automating workflows for lenders. That includes expanding its product and engineering teams and investing in AI and machine learning capabilities. .

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In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

TechCrunch

“We were immediately intrigued because Ohio-based Lower echoes both of these themes,” said Accel partner John Locke, who led the firm’s investment in Lower and is taking a seat on the company’s board as part of the investment. Snyder co-founded Lower in 2014 with the goal of making the homebuying process simpler for consumers.

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The Uber that Never Was

This is going to be BIG.

Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. How many LPs are asking the top tier funds what they’re doing to enforce and oversee values and culture from a board perspective?

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g.

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