Balancing entrepreneurship and childcare can be a daunting task, made worse by the pandemic. The rising costs of childcare in the UK and the USA are forcing an increasing number of primary caregivers – the majority of whom are women – to juggle both business and caring for their children. Thousands of childcare centers that closed temporarily because of lockdowns are still at risk of shutting permanently. These centers tend to be low-margin businesses with low levels of cash reserves and may not be able to reopen due to the additional expenses
International calling app Talk360, which enables people to make reliable and affordable calls to any landline or mobile phone worldwide, has secured $4 million in funding as it prepares to launch a new pan-African payment platform in mid-2022. The seed round of funding was led by leading African venture capital investor HAVAÍC, 4Di Capital, and several prominent fintech angel investors. Talk360, a leading Voice over Internet Protocol (VoIP) player in Africa, enables people to make international calls through its app for a fee. It is built so that only the
Binance, the world’s largest cryptocurrency exchange, this week announced the news that it is linking up with the Canadian performer, The Weeknd, for his After Hours Til Dawn Tour to provide “an enhanced fan experience.” The so-called ‘experience will reportedly manifest in a number of ways, including via a collaboration with The Weeknd’s creative incubator HXOUSE to produce an exclusive NFT collection and co-branded branded merch. “Binance is all about the community, about people, about inclusion. I was impressed by their focus on users and innovative edge,” said The Weeknd. “It made perfect
If you search ‘migrants’ on Tiktok, you get a host of videos from desperate individuals trying to secretly enter lorries and being caught out to news about the thousands of young men that have lost their lives trying to make the journey. But some TikTok videos and Instagram accounts that aggregated these videos of sea journeys show before and after footage alongside images of the same migrants walking along well-groomed European streets and posing in front of monuments like the Eiffel Tower. These videos may give the impression to some
Religion of Sports, the media production company founded by Gotham Chopra, Michael Strahan and Tom Brady, has raised $50 million in a Series B funding round led by Shamrock Capital and joined by Elysian Park Ventures and Cerro Capital. The Series B funding round brings the company’s total to $66 million raised over three rounds. Chopra told The Hollywood Reporter that the raise will be used to help “grow the company from the production company model, which is what we have operated in for a long time, to really controlling our own destiny. To really bet
LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan. It comes after he landed the number two spot on Forbes’ 10 Highest-Paid Athletes of 2022 list, following Lionel Messi, who snagged the number one spot. Now that James is said to be worth an estimated $1 billion, let’s break down the numbers. James has made $387 million from the Cleveland Cavaliers, Miami Heat, and Los Angeles
According to a recent study published in JAMA Internal Medicine, pulse oximeters were less accurate in Black and Hispanic patients, which led to delayed care for severe Covid-19. The research comes years after Thomas Valley, an assistant professor of medicine at the University of Michigan, and colleagues’ publication on the inaccuracy of devices in Black patients stoked widespread interest in the impact on affect care. For the JAMA study, the researchers looked at data on 7,448 patients from five hospitals in the Johns Hopkins Health System between March 4, 2020 and November 21,
Access to credit is a big problem in Africa. Indicina is building the infrastructure to unlock it. Indicina, the digital lending platform providing analytics-driven credit decisions for lenders based in Lagos, Nigeria, has announced its seed round of $3 million. Berlin-headquartered and pan-European venture capital firm Target Global led the round with participation from Kuda, Kippa, and Edukoya. The firm’s partner Ricardo Schäefer will join Indicina’s board. Greycroft also participated in this round, and so did RV Ventures. What does Indicina do? It builds products using Open Banking so credit providers can approve more people,
“Focus On Being So Good They Can’t Ignore You”: The Black CEO Who Sold His Startup For Eight Figures
In an industry that lacks serious diversity, Timothy Armoo has beaten the odds. He’s launched a startup, raised investment, hired, scaled, and sold his business. He’s done what every aspiring business owner hopes to do – all at the age of 27. But much like many other founders, particularly those from marginalized groups, his journey has been far from smooth sailing. Armoo founded his social media advertising business, Fanbytes, in 2017, with Ambrose Cooke and Mitchell Fasanya, building it up to employ 65 people. What does it do? The London
George Floyd, 46, died May 25, 2020, after Derek Chauvin, who is white, pinned him to the ground with a knee on his neck as the victim repeatedly said he could not breathe. Chauvin pleaded guilty last year to a federal charge of violating Floyd’s civil rights and faces a federal sentence ranging from 20 to 25 years. He was also convicted for the murder of Floyd. Within weeks of the killing, the tech industry began to respond to the racial inequality in the US. By June 2020, more than 200
