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Former a16z partner starts solo fund to back early-stage fintech startups

TechCrunch

In 2015, Rex Salisbury was working as a software engineer at now-defunct mortgage startup Sindeo where he built out the back end for fully automated online mortgage pre-approval. At the time, he was working for Andy Carra, who served as that company’s CTO before going on to co-found SoFi.

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

TechCrunch

Nigerian fintech startup, Kuda, which bagged $10 million last year, comes to mind, for example. Just a month into 2021, Egyptian fintech startup Cassbana raised a $1 million pre-seed investment led by VC firm Disruptech in a bid to drive expansion within the country. “Fintech is compelling. Okra is an API fintech startup.

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Spend management space sees a large raise, and layoffs, in the same week

TechCrunch

Every week, we’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s our job to stay on top of it — and make sense of it — so you can stay in the know. On Friday, PitchBook’s Q1 2023 B2B fintech investment report showed that investment into enterprise fintech was $11.8

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Meta alumni’s startup TrueFoundry raises $2.3 million to accelerate ML deployments

TechCrunch

Bajaj worked as an ML Tech Lead at Meta and San Mateo-based software development company Reflektion after completing his master’s degree in Computer Science from the University of California, Berkeley. He founded TrueFoundry in June 2021, along with his IIT Kharagpur batchmates Anuraag Gutgutia and Abhishek Choudhary.

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

TechCrunch

Thus, its platform makes it “easy for these businesses to issue corporate expense cards (Visa for now) and software, mainly for sales and marketing teams, to track and control spending. Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors.

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Mural raised $5.6M to help brands deploy DAO treasuries

TechCrunch

The company is rolling out a beta for its fintech-focused platform to help brands deploy DAO treasury funds ranging from $50 to $100 million in size, Alvarez-Fung shared. Toffa and Alvarez-Fung said one of the biggest disconnects they saw in the DAO space was between treasuries and communities. “We

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you can name ( except mobile tech) people in these regions have always had to play catch up.

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