A group of former Revolut employees has launched LiveFlow, an AI-driven accounting startup that aims to streamline financial workflows while ensuring accountants remain central to the process. As enterprise software increasingly automates manual accounting tasks, LiveFlow seeks to strike a balance between technology and human expertise. Founded by Lasse Kalkar and Anita Koimur, both of whom held senior positions at Revolut, LiveFlow raised a $13.5 million Series A led by Valar Ventures, with plans to expand in the U.S. The startup leverages AI to automate the synchronization of financial data
Vista Equity Partners, led by billionaire Robert F. Smith, is partnering with Blackstone to acquire Smartsheet, the popular enterprise work management platform. The all-cash deal values Smartsheet at approximately $8.4 billion, marking one of the largest recent acquisitions in the software space. Under the terms of the agreement, the two firms will pay $56.50 per share, a 41% premium to Smartsheet’s 90-day average stock price. Smartsheet’s Continued Growth With New Partners Smartsheet has been a key player in the enterprise work management sector, serving millions of users, including 85% of
Hispanic Heritage Month, celebrated annually from September 15 to October 15, honors the history, culture, and contributions of Hispanic and Latine communities in the US. It began as a week-long event in 1968 under President Lyndon B. Johnson and was extended to a month by President Ronald Reagan in 1988. The dates are significant because they coincide with the independence anniversaries of several Latin American countries, including Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Mexico, and Chile. In keeping with this year’s theme, “Inspiring Innovation and Empowering Communities,” here are
Southwest Michigan has seen the debut of its first Black-owned venture capital firm, Kalamazoo Forward Ventures (KZFV). With a $50 million commitment from limited partners, KZFV aims to empower underrepresented founders, startups, and innovators in Kalamazoo and beyond. The firm, led by a group of seven influential men from Michigan, focuses on bridging gaps for those who have traditionally lacked access to capital. A Mission to Uplift Marginalized Entrepreneurs Kalamazoo Forward Ventures’ founding members are Eric L. Wimbley, CEO of First Line Risk Management; Jamauri A. Bogan, CEO of Bogan
Ruby Jackson, a 23-year-old student midwife at the University of Brighton, has developed an app, “Melanatal,” to address gaps in the recognition of maternal and neonatal conditions on Black and brown skin. Her app aims to educate both clinicians and patients on how conditions such as jaundice, pre-eclampsia, and mastitis appear on darker skin tones, a subject historically underrepresented in medical training. Bridging the Knowledge Gap in Maternal and Neonatal Health Jackson’s inspiration for Melanatal came during her placement at a neonatal unit in Ghana, where she realized that key
Nigerian e-health startup, Field, has unveiled a new service aimed at addressing Africa’s maternal mortality crisis. Backed by a $11 million investment from the Bill & Melinda Gates Foundation, Field’s initiative focuses on emerging therapies for maternal, newborn, and child health as well as improving nutrition across the continent. Helping healthcare access Co-founded in 2015 by Michael Moreland, Justin Lorenzon, and Peter Bunor, Field has already made significant strides in transforming healthcare delivery through its pharmaceutical supply chain solutions, operating in Nigeria and Kenya. The company has supported over 800
Los Angeles-based tech startup See Computing is introducing Speakimage.ai, an AI-powered tool designed to make communication more inclusive and accessible. Unlike most GPTs which prioritize text, Speakimage.ai generates text, images, and video from a single input, revolutionizing communication for visual thinkers, the hearing-impaired community, and neurodivergent people. A Groundbreaking Tool for Inclusive Communication What sets Speakimage.ai apart is its holistic approach to communication. Set to launch on October 1, 2024, Speakimage.ai caters to the specific needs of different cognitive and sensory styles. Whether it’s creating vivid images for visual thinkers, captioned
Wells Fargo has closed and emptied the business accounts of Beautiful Curly Me without warning, according to its 12-year-old CEO Zoe Oli and her mother, Evana. Zoe Oli founded the company at age seven to boost confidence in young Black girls through dolls and other products and recently became the youngest CEO to have a toy line at Target. Account Closure Leaves Business in Crisis The closure of Beautiful Curly Me’s three business accounts has put a severe strain on the company’s operations. According to Zoe and Evana, Wells Fargo
Black Eyed Peas frontman and tech entrepreneur will.i.am has launched RAiDiO.FYI, a free AI-powered set of interactive radio stations focused on topics like sports, pop culture, and politics. RAiDiO.FYI uses OpenAI’s language models to create a unique experience where listeners can ask questions, request songs, and get news updates from an AI DJ. A New Era of Interactive Radio With RAiDiO.FYI, will.i.am aims to bring a new level of interactivity to radio. Unlike traditional radio or even AI music tools like Spotify’s AI DJ, RAiDiO.FYI allows for tor two-way communication. Listeners
In this week’s Techish, Abadesi and Michael reflect on the ups and downs of running their own companies: Vanity metrics and getting your priorities right (00:10) Why VC money seems so sexy (08:05) The secret to getting good feedback (11:35) The future of corporate anti-racism (19:05) Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube Extra Reading and Resources Check out Hustle Crew’s Playschool Accelerator 2024.
