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Divibank Raises $3.6M in Seed Funding finsmes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finsmes.com Daily Mail and Mail on Sunday newspapers.
Brazil’s Divibank raises millions to become the Clearbanc of LatAm Divibank, a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). São Paulo-based Divibank was founded in March 2020, right as the COVID-pandemic was starting. The company has built a data-driven financing platform aimed at giving businesses access to non-dilutive capital to finance their growth via revenue-share financing. “We are changing the way entrepreneurs scale their online businesses by providing quick and affordable capital to startups and SMEs in Latin America,” said co-founder and CEO Jaime Taboada. In particular, Divibank is targeting e-commerce and SaaS companies although it also counts edtechs, fintechs and marketplaces among its clients. ....
Brazil's Divibank raises millions to become the Clearbanc of LatAm yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Financial API provider Brick is building the infrastructure for open banking in Southeast Asia – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Share this article American startup accelerator Y Combinator (YC) will have 36 startups participating in its winter 2021 programme. One of the African startups in the group is Mono, a Nigerian fintech building APIs for open banking and simplified financial accounts management. Mono was founded by Abdulhamid Hassan and Prakhar Singh. They launched the company in August 2020 and a month later, closed a pre-seed round of $500,000. Lateral Capital, Rally Cap Ventures, Golden Palm Investment, and Ventures Platform invested in that round. After leaving a product manager role at Paystack in 2019, Hassan joined Voyance, a data science company. He and Singh identified a gap; Nigerian digital businesses found it difficult sourcing financial data about their customers from banks. ....