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
Telecommunications company, Comcast RISE, has announced that it will award 100 businesses in the area with $1 million in grants. The grants will be available to small businesses that are owned and operated by women and people of color including Black, Indigenous, Hispanic, and Asian American owners. Atlanta makes up one of the five cities included in the Comcast RISE Investment Fund, which has allotted a total of $5 million to be distributed across 500 businesses. To date, the company has been able to provide $16 million to businesses owned by people of
Diana Vicezar is a Paraguayan entrepreneur studying Computer Science, Cognitive Science, and Data Science at Pitzer College in Claremont, CA. Originally born in a small country called Paraguay, home to roughly seven million people, the technologist is set to work for Meta this summer as a project designer intern. Apart from her UX designer experience – she is also the founder of Mapis, a platform designed specifically for international students on a mission to help them access the career guidance they need during internship and job hunting in the United
Isaac Harvey was recently named Britain’s most influential disabled person on the Power 100 list, and there’s no doubt that he has – and continues – to inspire a generation. Harvey has no arms, a weak pelvis, and scoliosis (curvature of his spine) due to a condition called hypoplasia. He was fostered at two weeks old and later adopted by the same family at the age of five. Though he sometimes experienced discrimination, he never saw himself as different as he has “always just been doing me, and everyone’s different
A Black marketing specialist has taken to Linkedin to complain about his experience applying for a job at Monzo Bank and has questioned whether the firm’s job application process is racist. Before explaining what happened, Charles Oben wrote ‘Does Monzo Bank have an application process that is intentionally racist?’. Sharing his experience, he said: “I applied to Monzo late last week, for their Growth Marketing Manager position. I spent a lot of time on my application (one of my responses is over 5 pages long), so I was rather dismayed
In April, startups across the African continent raised $413,143,000 across 38 fully-disclosed deals. That means – for this year – April was ranked the lowest in terms of funding announcements made, 41% ($296 million) less than what was announced in March, and 34% ($216 million) less than February’s announcement. Per sector, the top three sectors are energy-tech, fintech, and logistics. Energy leads with $289,800,000 (70.1%); fintech with $53,500,000 (12.9%); and logistics with $34,000,000 (8.2%). But so much more has been happening in the African tech space, and we’ve compiled it all here: Bitcoin
Isabel Aznarez, Ph.D is the Co-Founder of Stoke Therapeutics, a science-based company that develops new and precise ways to treat the underlying cause of severe genetic diseases by precisely upregulating protein expression. They can develop a treatment for diseases affecting the central nervous systems, eye, liver, and kidney through protein upregulation. Aznarez, who holds a Ph.D. in medical and molecular genetics from the University of Toronto and a B.Sc. in biology and human genetics from the University of Uruguay, launched the firm back in 2014 with Professor Adrian Krainer, Ph. D. She is one
BYJU’S, the world’s leading education technology company, has just announced 2021 Scripps National Spelling Bee Champion Zaila Avant-garde as its first US youth ambassador. At the age of 15, Zaila’s constant pursuit of learning has made her the first Black American winner of the Bee and a three-time Guinness World Record holder: including one for the most bounce juggles in one minute with four basketballs. Even with all of these accomplishments under her belt, Zaila remains steadfastly committed to exploring new interests and the world around her. She is currently a
