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Nigerian data and intelligence company Stears raises $3.3M, backed by Mac VC and Serena Ventures

TechCrunch

While studying at the London School of Economics and the University of Oxford , a group of graduates noticed how difficult it was to get data and information on Africa’s largest economy and their home country, Nigeria. We have a strong understanding of the kind of information people need. Image Credits: Stears.

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5 Myths About Developing Your Startup’s MVP

Entrepreneur's Handbook

Virtually zero investment, and in return, he learned that there was a market for shoes online and which ones appealed the most — instant market knowledge and research. Blank set out a customer development method for small companies that they could use without the huge finances at their disposal that the giants have. Remember Nick?

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

TechCrunch

To retain market share, these institutions will need to continue investing in fintech so they can level up with convenience and personalization provided by new competitors while preserving trust and transparency. Data is the grand prize for Big Tech, not revenue from financial services. Traditional banks miss the digital mark.

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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. Poor communication : With so many different parties both in the field and in the office, it is often difficult to relay information from one party to the next. Allison Xu. Contributor. Share on Twitter.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. The information exchange promises to preserve privacy, giving competitive parties the ability to “collaborate for the common good.”.

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InstaDeep’s acquisition is a classic case of an African startup gone global 

TechCrunch

This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment. First, when completed (at $682 million, adjusted in U.S. In 2019, InstaDeep raised an $8.5

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Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts 

TechCrunch

Mary Ann starts us off by reporting on SoftBank writing down an almost $100 million investment into FTX. Spring into action : Electric vehicle startup Faraday Future signed a $350 million financing deal to hopefully get it out of its previous monetary challenges and to launch its first vehicle, Jaclyn reports. The TechCrunch Top 3.

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