Ghanaian startup Float has picked up a significant round of funding with $17M already in the bag in the first few weeks of the year. The fintech which provides credit lines for businesses says the funding will be used to bolster its offerings and expand around the globe. The seed round was a mix of $7 million equity and $10 million debt. While Cauris provided debt financing, Tiger Global and JAM Fund, the investment firm of Tinder co-founder Justin Mateen co-led the equity bit. Other VC firms involved in the equity round include Kinfolk,
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,
A fintech startup helping the Black community get financial freedom has reportedly reached its latest milestone of paying over $20 million in consumer debt. Qoins is currently attacking the $1.3 trillion worth of student loan debt and $951 Billion of credit card debt in the US. Users download the app from the iOS App Store or Google Play. You add your name, phone number, and email, then the accounts that you want Qoins to take change from and add to. The app monitors your checking, or “funding” account, for regular charges and rounds
Pamela Lujan From Latinas In Tech Believes It Takes A ‘Village’ To Make A Difference In The Industry
Board Member at ‘Latinas in Tech’ Pamela Lujan, who also works at firm Oportun, is helping pave the way for those in the community that wants to get into the tech scene. In her interview with the organization, where she also works as a secretary, the recent ‘Top 40 under 40’ honoree said it “takes a village” to make a difference in the industry and elevate the community. Currently, Black and Latino people are being “left out” of the tech industry, and big firms like Google still have a lot
