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Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. Aronu Ugochukwu and Abafor Chima founded the startup in 2019, and Ugochukwu is quite familiar with currency devaluation. . This gave birth to Xend Finance.” Image Credits: Xend Finance. It has since secured $2.2

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Financial concierge startup Zeni banks $34M to show SMBs their finances in real time

TechCrunch

million in total since it was co-founded in 2019 by twin brothers Swapnil Shinde and Snehal Shinde. Zeniā€™s AI-powered finance concierge platform offers bookkeeping, accounting, tax and CFO services, managing these for a flat monthly fee starting at $299 per month. Shinde expects to double or triple the finance team in the next year. ā€œAs

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Tonik acquires TendoPay to accelerate financial, credit inclusion in PH

AsiaTechDaily

Tonikā€™s acquisition of TendoPay is a testament of our passion for accelerating financial and credit inclusion in the Philippines. Since its official launch in 2019, TendoPay has established itself as the leading one-stop shop for employeesā€™ financial wellness needs. This helps in increasing employee engagement and retention.

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Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry. More recently, we have seen numerous new investment models and financing instruments, including shared earnings agreements and point-of-sale capital.

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Why You Donā€™t Want to Miss the MyEO DealExchange DX22 Conference

Entrepreneurs' Organization

The first two MyEO DealExchange conferences in 2018 and 2019 made a significant impact on the members who attendedā€”including a 7-figure investment in Scott Mesh (EO New York)ā€™s company. The attendees must be EO members, EO Accelerator participants, or their vetted guest, such as a spouse or business partner. Who can attend DX22?

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

2019 saw a stampede of fintech unicorns. 2019 saw a stampede of fintech unicorns. 2019 looks to continue another lights-out year for fintech startups. In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Fintech Index, 2016 -2020 Image Credits: CapiQ, Yahoo Finance.

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Bademosi was the Director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects when he decided to start Bundle as CEO in 2019. The second iteration has been more around like decentralized finance and non-custodial trading of financing activities,” said Bademosi.