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Plaid Moves Further Into Payments With March Acquihire of Flannel

Plaid Moves Further Into Payments With March Acquihire of Flannel
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Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures – TechCrunch


Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures
The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. But most of these companies and developers find it difficult to access real-time banking data. This, in turn, creates a bottleneck when onboarding and verifying customers.
Since 2019, Plaid-esque companies, but with different twists to their offerings, have emerged to solve these issues. Today, Nigeria’s Okra, arguably the first to gain mainstream attention, is announcing that it has closed a seed round of $3.5 million.
U.S.-based Susa Ventures led this latest tranche of investment. Other investors include TLcom Capital (the sole investor from its $1 million pre-seed round in 2020), newly joined Accenture Ventures and some angel investors. In total, Okra has raised $4.5 million in two rounds and the company will use the investment to expand its data infrastr ....

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Coolest companies started by former Robinhood employees


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Robinhood; Samantha Lee/Insider
At least 10 former employees of Robinhood have founded their own venture-backed startups.
They range from a capital-as-a-service lender to a social-gaming startup.
Some are raising capital from Robinhood investors like Ribbit Capital and Index Ventures.
They cut their teeth building Robinhood into one of the most important fintech startups of the decade, with a valuation around $11 billion before it took in emergency funding on the back of a recent trading mania.
Now, some of its alumni are striking out to start their own businesses, and investors are clamoring to back them. ....

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