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Atos staves off bankruptcy, casts wider net for refinancing

CIO

Atos may have won a few extra months to find a long-term solution to its financial problems after reaching interim agreements with banks, bondholders, and the French government to provide €450 million (US$490 million) in additional liquidity. In 2023, the company made a net loss of €3.4 billion on revenue of €10.7 billion in 2022.

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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

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‘Insane’ — UK tech reacts to government moves that might hand UK startups contract to Barclays Bank

TechCrunch

Tech Nation is trailing in second place in the race to remain the U.K.’s First in line at this point in time — in a decision which is due in December — is banking giant Barclays. Tech Nation’s existing government funding runs until March 2023. Tech Nation’s existing government funding runs until March 2023.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

I believed the platform I was running could be a lot bigger and scale a lot faster if we could connect more dots — and basically creating an end to end protein plant,” said Rehmann, who has worked for an investment bank and Microsoft. We run a tech-enabled platform and have scaled 2x faster than any other African fish company.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

If you recall, we released a year in review in January 2020 before we released the fiscal year of 2019 report,” he told TechCrunch. The company’s annual reports reveal numbers on gross earnings, profit/loss before and after-tax, net impairment loss, total assets, liabilities, and equity, among others. billion (~$241.35

Banking 291
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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Abdigani Diriye, Khalid Keenan and Youcef Oudjidane, the other co-founders, have combined experience across engineering, investment banking and venture capital. Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Website : [link]. Founded in : 2021.

.Net 228
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Allocate banks $5M to open up venture capital fund access

TechCrunch

Then Yang joined Kaji at First Republic Bank to work together and continue the conversation. Due to the access issue between fund managers and potential investors, there are trillions of dollars sitting on the sidelines, he told TechCrunch. Jordan Nof, co-founder and managing partner at Tusk Ventures, agrees.

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