On Friday, blockchain startup CoinText.io that’s developing away to conduct offline bitcoin cash transactions, closed a $600,000 seed funding round. The funding round was led by Texas-based Yeoman’s Capital, which has previously invested in Fantom, OpenGarden and tZero. CoinText enables users to send Bitcoin Cash (BCH) to phone numbers or BCH addresses without Internet by providing… Read More »
Kobo360, a Nigerian-based logistics startup that helps both individuals and SMEs deliver goods to both local and international locations, has been accepted into YC’s Summer ’18 batch —and is scheduled to present at an August Demo Day in front of YC Investors In addition, the startup has Received $120K for 7 percent equity. Kobo360 was founded by former Director of… Read More »
India’s startup Cashify has raised $12 million in a Series C round of funding bringing the total funds raised to date at to $19 million. The round was led by CDH Investments and MorningSide Group, with participation from Chinese company AiHuiShou, and existging investors Bessemer Ventures and Shunwei Capital. Cashify will use the funds to grow the… Read More »
With what it calls Delivery Service Partners, eCommerce giant amazon is seeking help small businesses to employ tens of thousands of delivery drivers across the U.S. by providing discounted vehicles, fuel, insurance, uniforms and access to “sophisticated delivery technology,” the Seattle-based company said in a statement all this was made public on Wednesday by senior VP… Read More »
Technology fitness startup Peloton, known for its live-streamed spin classes has acquired Neurotic Media, LLC, an Atlanta-based B2B digital music aggregator, streaming and download source. This is the first acquisition for the unicorn fitness startup often referred to as “the new Apple of fitness.” Peloton was founded in 2012 and has so far raised a total of $444.7 million with… Read More »
On Wednesday home Goods startup Parachute announced a $30 million cash injection in its series C round. The funding was led by H.I.G. Growth Partners led the round with participation from Upfront Ventures, Susa Ventures, Suffolk Equity, JAWS Ventures, Grace Beauty Capital and Daher Capital. The new funding brings Parachute’s total funding to around $45… Read More »
On Teusday, CashShield, an online fraud management solution for mid- to large-sized enterprises, announced it raised $20 million in a series B round. The funding round was led by Temasek Holdings and returning investor GGV Capital. Participants also included Nest co-founder Tony Fadell, another returning investor, Wavemaker Partners and Tao Zhang. To date, the fraud management startup… Read More »
Identity management software company Ping Identity acquired API security startup Elastic Beam for an undisclosed amount and launched a new product called PingIntelligence for APIs. Ping also announced a new product, PingIntelligence for APIs, based on the Elastic Beam technology. They did not disclose the sale price. It may seem like an odd match for Ping, which… Read More »
The Agence Française de Développement (AFD) have signed a cooperation agreement with HEVA Fund LLP to advance credit and technical assistance in a project worth KES 90 million (EUR 800,000) in a bid to unlock the potential of the creative and cultural economy in Kenya. The fund will be geared towards fashion, music, gaming and… Read More »
ElBalto, a mobile-based platform whose aim is to transform healthcare through connecting patients, doctors, and caregivers, has launched a mobile application that provides users with easy, reliable, timely and affordable online video consultations via a network of customer-rated and licensed doctors. Video consultations offered on ElBalto will initially be available in the specialisations of Psychiatry, Pediatrics, Nutrition and… Read More »
