Leading East African fintech lender Tugende raises USD 9.9ml in Series A round
Wale Ameen
April 7, 2021
Series A extension round of 3.6 million brings total funding to 9.9 million Initial round backed by Toyota Group Investment secured by leading fintech and financial inclusion investment banking franchise of Verdant Capital. Wale Ameen Online Editor Leading East African fintech MSME lender Tugende has secured a total of USD 9.9 million in series A […]
Smile Telecoms Holdings Ltd receives $51m in funding to boost operations
Wale AmeenApril 1, 2021
Fund will enhance telecoms giants operations in its respective markets Receives debt restructuring plan approval from lenders Wale Ameen Online Editor Pan African telecommunications group, Smile Telecoms Holdings Ltd has announced the receipt of a fresh boost in funding from its majority shareholder, Al Nahla. This comes along with a shift of its […]
Forex Trading Platforms
Businessam StaffMarch 5, 2020
Forex trading is the selling and buying of foreign exchange and is mostly practiced within the Forex markets. It is a risky investment but if done well can yield an amazing return for the traders. There are many online and most offer information to their clients about the available Forex trading platforms they can […]
Fintech leads other tech startups in attracting investors
Businessam StaffJuly 30, 2018
Fintechs are leading other segments of the tech ecosystem, such as agritech, edutech, healthtech etc, in attracting investors. A startup and venture capitalist ecosystem report released earlier this month, which assessed the African tech startup funding activities for Q1 and Q2 2018, uncovered that fintech closed the highest number of deals beating other tech startups. […]
Mark Zuckerberg backed grade school is closing its Silicon Valley location after spending $4m a year
Businessam StaffNovember 2, 2017
A new kind of school crafted by the minds and wallets ofSilicon Valley influencers is struggling. AltSchool, an educational software developer and network of “micro-schools” with nine locations in California and New York, is shuttering at least one location and is scaling back its ambitious plans for expansion, according to a new report in Bloomberg. […]
Millennials are making move on tech funds
Businessam StaffAugust 31, 2017
At the age of 27, Andre de Haes raised 30 million euros ($36 million) for his London-based venture capital fund, Backed VC. Now 30, he and his 29-year-old business partner Alex Brunicki are among a cohort of young investors who are having a greater say in how the billions that have flowed into European venture […]
Apple to build Iowa data center, gets $207.8 million in incentives
Businessam StaffAugust 24, 2017
Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority, Reuters reports. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two data centers. The company will […]
Snap co-founders’ fortunes plunged a combined $1 billion in hours after weak earnings
Businessam StaffAugust 11, 2017
Newly-public Snap is having a rough time since it started trading on the New York Stock Exchange in March, with many investors apparently dumping shares. Not among the sellers: its two biggest individual shareholders Snap CEO Evan Spiegel and his co-founder Bobby Murphy. According to Spiegel, who spoke on Thursday’s earnings call, neither of them […]
Samsung’s new Berlin venture fund office seeks new deals in Europe
Businessam StaffJuly 12, 2017
Samsung Electronics Co. is opening an office in Berlin that will serve as a hub for scouting startup investments and acquisitions in Europe, according to a Bloomberg report. Samsung NEXT, the South Korean tech giant’s $150 million venture capital fund, has two investors on the ground in Berlin and is scouting office space for next […]