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How fintech and serial founders drove African pre-seed investing to new heights in 2020

TechCrunch

She told TechCrunch that last year’s run of 23 pre-seed rounds (10 of which were $150,000+ deals) per Briter Bridges data , was due to the confidence investors had in the market, especially fintech. million; Nigerian automotive tech startup Autochek Africa , which raised $3.4 ”

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UK’s Big Tech regulator ‘to boost switching, cut killer acquisitions’

TechCrunch

However the government still hasn’t confirmed exactly when it expects to legislate to empower the Digital Markets Unit (DMU) — saying only that it will introduce legislation to put it on a statutory footing “in due course.” UK to set up ‘pro-competition’ regulator to put limits on big tech.

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Tiger Global is earning its stripes in Africa

TechCrunch

In the aughts, Tiger Global participated in just 30 deals, according to The Generalist , a newsletter on topics around tech and crypto. Tiger Global’s earliest portfolio investments on the continent were in consumer internet companies. Tiger Global also had a solid 2020. One good African fintech IPO will return their investment.

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Archive.ai aims to free marketers from their monotonous workflows

TechCrunch

When marketers Paul Benigeri and Geoffrey Woo were at their former companies, in food tech and e-commerce infrastructure, respectively, they experienced how manual and repetitive digital marketing workflows were, especially as the number of disparate and unintegrated marketing tools grew. Kwan Kim recently joined Archive.ai

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Payments remain the darling of the fintech space

TechCrunch

Dollars raised and deal volume in the fourth quarter dropped to their lowest levels since 2020 — with $1.6 And lastly, wealth tech made an impressive showing in terms of investor interest. Wealth tech companies brought in $1.7 Digital lending funding was down 53% to $11.5 billion in 2022. billion raised across 121 deals.

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#MyTechFrenemy

TechCrunch

Since its founding in 2020, a whisper network murmured that many of the materials taught by the academy were plagiarized from various other online programs, such as those from Google or Salesforce. Founded by Awodele in 2020, MyTechBestFriend (MTBF) launched to public acclaim, especially within the Black tech community.

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Nigeria’s IROKO plans to go public on the London Stock Exchange AIM in 2022

TechCrunch

IROKO , a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market. According to this report , the media company will raise between $20 million and $30 million valuing the company at $80 million to $100 million. .

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