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Divido bags $30M to take its ‘buy now, pay later’ platform to more markets

TechCrunch

London-based Divido , a white-label platform for retail finance that integrates with e-commerce platforms (but can also support omni-channel) so retailers can offer consumers a “buy now, pay later” option at the point of sale, has bagged a $30 million Series B to fund international expansion. Making sense of Klarna.

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Citi Foundation’s Inaugural Global Innovation Challenge Now Open for Nonprofits

American Entrepreneurship

Since 2014 their funding supported No Kid Hungry providing 300 million meals for kids facing hunger and Citi volunteers have packed over 1.7 Citi and Citi Foundation have a solid track record of supporting communities around the world. million meals on behalf of U.S. Hunger since 2017.

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Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at $6B valuation

TechCrunch

The financing is notable for a few reasons. For one, that new $6 billion valuation, is up 50% from the $4 billion it was valued at last November when it raised $200 million in Series D financing. Secondly, it’s further proof that mortgage – a traditionally “unsexy” industry that has long been in need of disruption – is officially hot.

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How to Project Cash Flow to Forecast the Impact of COVID-19

Entrepreneurs' Organization

In 2014, Greg contributed a chapter to Verne Harnish’s book, Scaling Up on how to improve profits though labor efficiency. Expect a disruption of normal terms (expect to get paid slower, but you may have to pay faster). During economic disruption, customers will take longer to pay and vendors will need to be paid faster.

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Accern lands $20M for AI that analyzes financial documents on the web

TechCrunch

.” Kumesh Aroomoogan, a former research analyst for Wall Street firms including Citigroup, cofounded Accern with Anshul Vikram Pandey in 2014. But the company later broadened its scope to other aspects of corporate finance, like credit and fraud monitoring and compliance.

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Tunisian enterprise AI startup InstaDeep raises $100M from AI Capital, BioNTech, Google

TechCrunch

InstaDeep , a Tunis and London-based enterprise AI startup that creates decision-making systems for solving real-world problems, has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB. InstaDeep was founded by Karim Beguir and Zohra Slim in 2014. Karim Beguir (InstaDeep CEO).

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The Disruptive Effect of Open Source Startups

Tomasz Tunguz

Open source is a disruptive distribution strategy. As a result of both the disruptive nature of open source distribution, and the changes in buyer preferences, the number of open source financings has increased nearly monotonically since the genesis of the movement, and it shows no signs of slowing.