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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. This gave birth to Xend Finance.” Not only is Xend Finance trying to protect credit unions from fluctuation, but it is also changing how they operate. Image Credits: Xend Finance. Image Credits: Xend Finance.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception. So, just how does it work? “QED

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Tonik acquires TendoPay to accelerate financial, credit inclusion in PH

AsiaTechDaily

Tonik’s acquisition of TendoPay, has augmented its core lending portfolio while integrating payroll-enabled financial services into its operations. Tonik’s acquisition of TendoPay is a testament of our passion for accelerating financial and credit inclusion in the Philippines.

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Fuel Me Raises $18 Million Series A Round

HPA

“This funding marks a significant milestone, enabling Fuel Me to accelerate the development of advanced technology while continuing to deliver unparalleled service to our customers. Since its launch in September 2020, Fuel Me has demonstrated rapid growth , showcasing a fivefold increase in performance metrics year-over-year.

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Colombia’s Bold raises $55M in Tiger Global-led round to enable digital payments in LatAm

TechCrunch

Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. The startup launched its first product, a credit card reader, in the first quarter of 2020. Image Credits: Bold.

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Skit raises $23M Series B round led by WestBridge Capital to accelerate its growth

TechCrunch

Bengaluru-based artificial intelligence SaaS voice automation company Skit, formerly known as Vernacular.ai, developed its AI-based voice automation platform VIVA, short for Vernacular Intelligent Voice Assistant, which enables corporations to automate 90% of their call center operations powered by Natural Language Understanding (NLU) technology.

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Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort

TechCrunch

Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. The accelerator, backed by the JP Morgan Chase and Bill & Melinda Gates Foundation, runs the flagship program annually. In 2020, all five countries had representatives in the accelerator.

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