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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. The company is able to show what kind of financing can be obtained based on the amount of data customers provide.

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How a Little Bit of Fear Breeds Innovation

Entrepreneurs' Organization

Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. She is currently serving a governor-appointed position on the Information Technology Advisory Board for the State of Nevada. We used this type of expert knowledge to power our semantic engines. Other people had struggled on this journey.

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

TechCrunch

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. The information exchange promises to preserve privacy, giving competitive parties the ability to “collaborate for the common good.”.

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Opportunity Amid Volatility

Haystack

With high levels of public market volatility — the first we’ve seen in the age of social media and true real-time information — it feels like everyone and their grandmom is expecting a downturn. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

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Affirm and Klarna ramp up competing efforts to attract US consumers

TechCrunch

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers. And elsewhere.

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Alation bags $123M at a $1.7B valuation for its data-cataloging software

TechCrunch

Alation also makes recommendations based on how information is being used and orchestrated. Alation counts more than 25% of the Fortune 100 as clients, touching verticals such as finance, healthcare, pharma, manufacturing, retail, insurance and tech. billion and growing toward $11.6 billion over the next four years.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. ” Founders : Tobi Ololade, the CEO, was the chief technological officer of TradeBuza, a data and API infrastructure for agriculture finance. Robert Nyangate is the company’s CTO.

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