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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

It is also licensed by Indonesia’s central bank, enabling it to offer more services. Founded in 2016, with a team of about 250 people, Ayoconnect is currently working toward more financial inclusion for Indonesian consumers and SMEs. Klarna, Affirm show how expensive fintech growth can be.

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Trends in Early Stage SaaS Fundraising Market of 2016

Tomasz Tunguz

The exuberant acquisition environment should enable some early-stage companies to menace their incumbents and take share, as those behemoths are distracted by M&A. Many of the most of apparent and immediate opportunities in the software market have been filled by now SaaS incumbents.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. Hoag notes that Teampay is low-code and doesn’t require custom development.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

The company, founded in 2016, provides 24/7 live chat and telehealth, ship-to-home prescriptions, vet-curated items in its e-commerce marketplace and educational content and programs. The San Francisco-based company previously raised $18 million in a Series B round in March.

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South Africa’s Root gets $3M, plans to expand low-code insurance platform to Europe

TechCrunch

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. Hopley launched Root in 2016 to cater to this need. In Africa, one startup is carving a niche for itself. It essentially integrates the whole industry.”.

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Pinduoduo and The Rise of Social E-Commerce

Y Combinator

The success of Pinduoduo in China suggests there is a huge opportunity for social commerce platforms to emerge in other regions. Pinduoduo’s team purchase is often compared to Groupon in the US because they both enable a form of group buying. But first, a bit of background. But the models are actually very different.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance. The only worry is incumbents might want to eat into Duplo’s meal — but then again, the market is massive. Founded in: 2016. Website : [link]. Founded in : 2021. Team size : 22 . Location : Lagos, Nigeria. Team size : 11.

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