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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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Monzo Makes Money Work For Everyone

Y Combinator

Monzo’s culture of customer obsession allowed it to use the crisis to thoughtfully build a beloved consumer and SMB product that has changed personal finance in the UK. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. This did not happen by magic. expectations.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. “The appointment of Lip-Bu Tan as the newest member of Sima.ai’s board of directors is a strategic milestone for the company. .

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Crypto tax software provider TaxBit raises $130M at a $1.33B valuation

TechCrunch

The latest financing officially makes the Salt Lake City, Utah-based provider of crypto tax and accounting software a unicor n, with a valuation of $1.33 He’s taking a seat on the company’s board with the raise. As a former board observer for Coinbase, the investor can attest that crypto is “incredibly deep and complex.”.

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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. How to communicate with your board in tough times. He focuses on consumer internet, online marketplace and software investments. More posts by this contributor.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

In a statement, Luke Sarsfield, co-head of Goldman Sachs Asset Management, said: “Employers are looking to provide their employees tailored solutions and customizable advice that can better support individual saving and investing needs to help improve retirement savings outcomes. That deal closed last week.

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. As part of the investment Larry Appel, former CEO of The Fresh Market, and Benjamin McKean, CEO of Hungryroot, will join the company’s advisory board. Immi takes in $3.8M