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

American Entrepreneurship

Upon learning the import of the study, the Citi Foundation announced its first-ever Global Innovation Challenge to address food security. The Foundation’s goal is to help scale the role of nonprofits around the world to support their efforts of developing innovative solutions to improve food security. million meals on behalf of U.S.

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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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SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

TechCrunch

Pharmacies in Southeast Asia were largely fragmented, mom-and-pop shops operating in silos when the company — originally known as mClinica — was incorporated in Singapore in 2014. ”

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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. The rail operator is the largest in Europe. .

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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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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.

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Fundbox, a fintech focused on SMBs, raises $100M at a $1.1B valuation

TechCrunch

Healthcare of Ontario Pension Plan (HOOPP) led Fundbox’s Series D financing, which brings the company’s total equity raised to $410 million since its 2013 inception. “We use artificial intelligence to deliver financial products that small business owners use to better run and grow their businesses,” CEO Prashant Fuloria told TechCrunch.

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