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Savana raises a fresh round of capital to digitize banks’ services

TechCrunch

A portion of the capital — $10 million — was debt, while the rest was a Series A equity tranche led by Georgian Capital Partners. CEO Michael Sanchez told TechCrunch that the proceeds will be put toward general growth and supporting Savana’s go-to-market and product development projects. million in capital.

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Nigerian YC-backed startup Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform

TechCrunch

These platforms have become popular with neobanks or upstarts in different segments trying to embed financial services into their offerings because large, incumbent banks have been relatively slow to bring their services up to speed with the pace of change in the world of tech and banking. The situation is no different in Africa.

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Children believe in unicorns. Investors believe in racehorses.

Entrepreneur's Handbook

With revenue-based financing (RBF), you not only make a more sound investment, but you also increase your chances of investing in multiple winners. Founders receive the capital injection they need to continue scaling, and investors receive a consistent return on their principal. RBF is a win-win for investors as well as founders.

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How a SaaS Startup Grew Their Sales Team and Increased Revenue with Non-Equity VC Funding

Entrepreneur's Handbook

Udesh understood there was an opportunity for growth, the demand is there, but the financial resources to capitalize on it are not. Here the lack of available growth capital is just slowing down expansion, a great moment to start fundraising. And that, they realized, could be leveraged for more capital without diluting themselves.

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Fintech companies must balance the pursuit of profit against ethical data usage

TechCrunch

He has more than two decades of experience in fintech, capital growth, mergers & acquisitions and strategic IPO advisory. Naturally, Big Tech players have recognized the opportunity to foray into financial services and flex their innovation muscles, giving banks and credit unions a strenuous run for their money. Contributor.

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4 Key Reasons to Consider Microlending to Fund Your Startup

StartupNation

Among the financing solutions available to startups and small business owners, microlending is one of the more accessible. However, microlending programs may also be suitable for other small businesses, such as small retail shops, local auto repairs, cafes, personal services (i.e. Businesses with small financing needs.

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Public Policy Quarterly Newsletter Issue 2

Angel Capital Association

Qualified Small Business Stock and Section 1202 Qualified Small Business Stock (QSBS) provides for up to 100% exclusion of Capital Gains taxes. QSBS is treated favorably for capital gains purposes if both the investor and the company meet certain requirements. In particular, it helps venture-backed startups.