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PayPal co-founder raises $100M for his lending startup Affirm

Max Levchin, a longtime entrepreneur who previously served as co-founder and chief technology officer at PayPal, has raised $100 million for lending startup Affirm, which he co-founded in 2012. Affirm gives consumers without a credit history or savings buying power. The startup offers financing for online purchases, such as a couch or guitar, which is… Read More »

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South African tech startup Eduze charms TED as lead investor

South African tech start-up Eduze announces partnership and investment from TED. Eduze is making waves in the digital content industry, attracting attention to its strategy: “Great digital content. Done right”. By “done right” they mean providing all Africans with equal access to reliable, relevant, and uplifting content that is entertaining and educational. Frustrated by the… Read More »

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Smart doorbell startup Ring raises $61.2M

Santa Monica-based Ring, the developer of the smartphone connected, video doorbell has raised $61.2M in a big, Series C funding round that was led by Kleiner Perkins Caufield & Byers, with participation from existing investor Sir Richard Branson. Ring said the new funding will let it expand its line of smart video doorbells, and further… Read More »

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Israeli startup Shoppimon closes $2.3 mln seed round

Israel based startup Shoppimon whose solution monitors online store performance by mimicking the experience of its customers, announced it has closed $2.3M in seed funding from participants including, AOL, StageOne Ventures, Explore and 2B-Angels. By focusing on a wide range of problems eCommerce sites face, Shoppimon identifies and alerts its users to a gamut of… Read More »

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Edtech Startup Credly Raises $2.5M Seed Round

New York based edtech company that manages digital credentials for learned skills, said today it raised $2.5 million in seed capital. Credly allows universities, employers, licensing agencies, and other organizations to create electronic badges that represent anything from an earned college degree to a specific job skill acquired, such as mastery of an office spreadsheet… Read More »

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Adtech startup AsiaMX raises seed funding

Singapore-based cross-media monetisation service provider Asia Media Exchange (AsiaMX) today announced that it has secured ‘a six-figure amount’ seed round from an angel investor group and 10K Asia, the accelerator arm of venture capital firm Marvelstone Group. “AsiaMX is our first venture into the adtech space … 10K has been watching the ad-tech boom for… Read More »

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Kenya’s traffic app Ma3Route raises $25k pre-seed round

On Wednesday, Kenyan traffic app Ma3Route announced it had raised a pre-seed round of US$25,000 that will help in expansion and addition of new features. The funding came from a group of five investors. Mostly bootstrapped since its launch in late 2012, Ma3Route is a crowdsourcing technology platform that looks to solve mobility issues in… Read More »

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500 Startups launches a $10M fund in support of Vietnamese startups

Today, 500 Startups announced the launch of a $10 million micro-fund that will invest solely in Vietnamese startups. This is the latest in a series of investment vehicles the Silicon Valley-based accelerator program has created in the past year. The organization plans to fund 100 to 150 companies that have some connection to the Southeast Asia country,… Read More »

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BitFury invests in Kenyan Bitcoin exchange startup BitPesa

Through its investment arm BitFury, Bitcoin Blockchain infrastructure provider and transaction processing startup BitFury Group Ltd. has invested an undisclosed amount of money in Kenyan Bitcoin exchange BitPesa a move which the company terms as strategic. Founded in November 2013, the Nairobi-based startup pitches itself as an easy way to send money to Africa, although it… Read More »

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