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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. Ghost Financial card app. Image Credits: Ghost Financial. “I

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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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Funding Societies enters neobanking space, invests in Indonesia’s Bank Index

AsiaTechDaily

Register Funding Societies (also known as Modalku in Indonesia), Southeast Asia’s leading SME digital financing platform, officially announced its investment into Bank Index (Bank Index Selindo), an Indonesian national Bank, alongside Carro, a Southeast Asian automotive marketplace platform.

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Joseph Lee, CEO of Kairous Capital, Shares His Cross-Border Investment Philosophy for the Asia Pacific Region

AsiaTechDaily

Register Joseph Lee has a strong track record in the finance industry throughout his career to date. Together with the rest of the Kairous investment team, the firm has collected more than 80 years of investment experience within the private equity and venture capital space across Greater China and the Southeast Asia (SEA) region.

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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

We remain confident in the long-term trend that software enables and the value accrued to disruptive startups; we also recognized that in a strong market it is important to ring the cash register and this doesn’t come without a concentrated effort to do so. The answer is: not much.

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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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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.