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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. But it also underscores the challenges facing fintechs in Africa amid a challenging market for startups globally: a $20 million all-share deal would be roughly equivalent to the amount Umba raised from outside investors. ....

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The Weekly Notable Startup Funding Report: 2/19/24 – AlleyWatch

The Weekly Notable Startup Funding Report: 2/19/24 – AlleyWatch
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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Podium Education Acquires Untapped, The Early Career Talent Platform For Top Companies, To Close The College-to-Career Gap

/PRNewswire/ Podium Education (Podium), the nation s fastest-growing experiential education company for universities, has acquired Untapped, the all-in-one. ....

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Nigerian digital bank FairMoney set to acquire Umba in a $20 million all-stock deal

Nigerian digital bank FairMoney set to acquire Umba in a $20 million all-stock deal
techmoran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techmoran.com Daily Mail and Mail on Sunday newspapers.

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Exclusive: What Y Combinator partner Dalton Caldwell is looking for, as YC releases new 'Requests for Startups'

For the first time in almost six years, Y Combinator is extensively outlining 20 new categories of startups they’re interested in seeing. ....

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