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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. He focuses on consumer internet, online marketplace and software investments. The end-to-end approach makes the most sense when disrupting very large markets.

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South Africa’s Mobiz nabs $4M to expand personalized SMS marketing into the US

TechCrunch

The investment comes as the startup is ramping up efforts to expand into the U.S. Part of the investment will be used to hire more staff in South Africa and support the commercial expansion to the U.S. “How we’ve disrupted our space in South Africa, we see an opportunity over there.

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The Top 6 Posts of 2016

Tomasz Tunguz

Valuations there fell from their highs in 2014. The Hottest Startup Sectors In 2016 - published on January 3rd, this post reviewed the patterns of investment in startups, and in particular, the sectors where investors were increasing their investment the fastest.

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The Metric that Matters for Startups in 2016

Tomasz Tunguz

Starting in 2014, and perhaps even a bit before, startups have been able to raise capital at better terms than at any time since 2000. Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. ” will be “What are your unit economics?” Crunchbase tallies $10.1B

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Bud raises $80M more to expand its AI-based open banking platform, used to power lending tools and more

TechCrunch

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.