Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round. It’s now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan, and Indonesia. It was founded by Chukwudi Enyi, Moses Nmor, and Flosbach, who were reportedly looking to develop better, ethical, and tech-inspired debt-collection tools and processes after firsthand experience working for digital lenders in Nigeria. 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures,
POCIT recently sat down with Bruce Hamilton, 30, and Mario Mitchel, 35, the founders of Mech Ventures, an early to late-stage venture capital firm that invests early in founders building fast-growing technology companies.
Tyson Clark, a general partner at Alphabet Inc.’s venture arm GV and one of Silicon Valley’s most prominent Black startup investors, has died at the age of 43. GV CEO David Krane just issued a statement about the team losing the father-of-three, writing, “With great sadness, we share the news that Tyson Clark, our friend, and GV general partner, passed away yesterday due to sudden complications from a health issue. We are stunned and shattered by this loss. “The GV team extends our deepest sympathies to Tyson’s family and loved ones.
Europe is “solidifying its place as a global tech power”, according to Atomico’s annual State of European Tech 2021 report. However, research still shows women and minorities are not being given enough investment. European tech is projected to cross the $100B milestones of capital invested in a single year, close to 3 times the level in 2020, reported Dealroom. The total number of tech companies that have scaled to $1B+ in Europe has jumped from 223 last year to 321. Large rounds ($250M+) are now the norm in Europe —
Young people are the future, and one woman, 23-year-old Dazayah Walker, is the epitome of not letting age hold you back. Walker is one of the youngest female venture capitalists, thanks to the impressive investment portfolio she manages and maintains for one of Atlanta’s most prominent entertainment labels, Quality Control. What is Quality Control? Quality Control Music is an American hip hop record label founded by Kevin “Coach K” Lee and Pierre “P” Thomas in March 2013. it’s responsible for groundbreaking acts that include Migos, Lil Baby, City Girls, Lil Yachty, and a
Platforms created by Black founders for communities of color continue to blossom. They are providing culturally competent care — acknowledging a patient’s heritage, beliefs, and values during treatment – in ways that other providers aren’t. Racial discrimination in healthcare disadvantages Black and other minority ethnic groups with unequal access to quality healthcare resources. Inspired by their own experiences, these Black entrepreneurs are launching startups that aim to close the cultural gap in health care with technology, create profitable businesses and tackle racism. R.grid Dr. Amber Michelle Hill is considered a force in the
When creating a startup, you go through a few hurdles along the way – from financial challenges to picking the right co-founder that will help spearhead the company with you. It’s never an easy journey, and you should never believe anyone that tells you otherwise, so it’s always essential to have a mentor or an advisor who can share their mistakes and lessons – so you don’t make the same errors. Unfortunately, not everyone has the privilege of landing a mentor or sponsor that will give you the time of
As part of our weekly interviews, POCIT has had the pleasure of interviewing founders who’ve raised millions in capital, social media influencers using their platforms to educate young people looking to get into the tech sector. Now on this series, we’ve sat down with the founder and president of BWISE, a STEM organization already driving robust change for mid to senior-level Black women in tech, engineering, and science.
Apple has just announced its supports for the Propel Center, A Global HBCU Leadership Hub, With $2M In Research Grants. Through the company’s Racial Equity and Justice Initiative, support from Apple will give HBCUs tools and resources to pursue new research and learning opportunities. Propel, and Apple are working together to help develop curricula and provide ongoing mentorship, learning experiences, and internship opportunities. Imagined in January 2021 by Ed Farm—an ed-tech nonprofit committed to transforming classrooms to uplift communities— and supported by founding partners Apple and Southern Company, the Propel Center
Deciding on the right type of funding for your business can be difficult. In fact, it’s considered one of the hardest and most stressful things you could do as it can make or break your startup. Every funding option has advantages and disadvantages, and some are better suited to certain types of businesses and business models. It’s important to explore the funding options available before deciding how to build your company as the route you take will have some serious consequences. Here we break down what some of the keywords
