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Toku, a fintech startup that specializes in recurring payment solutions, has raised $9.3 million in its latest funding round.  The funding round was led by Gradient Ventures and supported by existing investors including F-Prime Capital, Clocktower, Y Combinator, Wollef, and Funders Club.  This latest investment has now pushed Toku’s total funding to nearly $20 million. Revolutionizing Payment Collections In Latin America Founded in 2020, Toku has become a leading player in the fintech sector by automating the entire payment processing lifecycle.  Its platform offers varied payment options, handles customer outreach, and optimizes collection strategies using real-time data.  This approach enhances the

Uber Technologies Inc. has officially led a $100 million Series B funding round for Moove, an African mobility fintech company.  This investment propels Moove’s valuation to an impressive $750 million and marks Uber’s first foray into African continent investment. Moove Founded in Lagos in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove has revolutionized vehicle financing. It operates with a business model that provides access to vehicle ownership for mobility entrepreneurs who traditionally face barriers in accessing financing.  Moove’s model allows drivers to own vehicles by paying a portion of their weekly income, which

Black duo Estelle Agyeman and Temi Olusanya, the co-founders of KARR, are using their platform to make it easier for businesses to fight parking fines. KARR’s Journey The B2C parking fine technology platform KARR was born out of a need to simplify the often-tedious process of managing parking fines for businesses operating with multiple vehicles. The pair’s journey kicked off at a London startup weekend in 2022 when they won £10,000 in a pitch competition. The inception of KARR was driven by Agyeman’s personal experiences with parking fines at the university.  “Back when I

Billionaires Mark Cuban and Michael Rubin agreed to invest $300,000 in Black-owned AI startup Bot-It, on a recent episode of ABC’s Shark Tank. Founded by Maurice Bachelor and Joel Griffith, Bot-It lets users automate online tasks like booking appointments, making restaurant reservations, and even securing concert tickets. Bot-It Bot-It is a new service that introduces web automation to everyday people without requiring any coding or technical skills to set up. Bachelor conceived the idea after seeing a friend struggle with completing an online task, and after searching the internet for

Former Twitter CEO Parag Agrawal has reportedly raised $30 million in funding for his artificial intelligence startup. Agrawal was the first Indian-origin CEO of Twitter – now X but was ousted from his position following Elon Musk’s $44 billion takeover in 2022. Who is Parag Agrawal? Born in Rajasthan, India, Agrawal immigrated to the US to complete his PhD in computer science at Stanford University. After joining Twitter as a software engineer in 2011, Agrawal worked his way up to the position of Chief Technology Officer for just under a

CB Insights released its latest list of the world’s most promising startups, including a number of companies founded by people of color. CB Insights collected the company’s investors, headcount growth, and commercial relationships to identify 345 of the most promising private startups from their database of 1 million companies. The industries include fintech, AI, insurtech, generative AI, and retail tech. We have compiled a list of some people of color-owned startups featured. Airbase – Thejo Kote Thejo Kote founded Airbase in 2017 and has been its CEO since then.  Airbase develops a modern

Waspito, a Cameroonian health startup, has secured a $2.5 million seed extension, helping its growth in Francophone African regions. Waspito Waspito is a health-focused social network that aims to integrate the whole health ecosystem into a single platform. Instead of building a platform involving pre-registration and booking consultation meetings, founder Jean Lobe Lobe opted for one where users could instantly connect with doctors. Lobe founded the startup in 2020, just before the COVID pandemic became a global health emergency, aiming to make healthcare accessible. “Going online to book an appointment

As he retires from the NBA, former professional basketball player Andre Iguodala is set to lead Mosaic, his venture capital (VC) fund. Iguodala had an established reputation for nearly two decades as one of the NBA’s most versatile players, an All-Star, and an Olympic gold medalist. He has now announced his retirement from pro basketball to DealBook to focus on his other career as a startup investor. “It’s been a blessing to play for that long,” he told DealBook. Mosaic Mosaic is Iguodala’s $200 million venture capital fund raised with

Founding President at Public Ventures, Zoey Dash McKenzie, has launched a $100 million impact fund to nurture the next generation of life science and climate tech startups emerging from academic research. TechCrunch reports that McKenzie is particularly keen to support Canada-based life science and clean tech startups that focus on improving health equity and supporting climate preparedness for underserved communities.  Investing in climate equity According to UN Women, women and girls experience the most significant impacts of climate change, amplifying existing gender inequalities and posing unique threats to their livelihoods,

Left Fielder Media is the Black-owned media tech studio producing innovative & immersive stories at the intersection of film, blockchain, gaming, fashion, and future tech. We spoke with the creators behind the visionary company that recently signed a deal with Neon, the web3 game studio producing the highly anticipated shooter game Shrapnel. From childhood friends to co-founders Atlanta-based creators Dom Cole and Stephen Philms formed the media tech startup in 2020 to change how Black people view gaming and space for years to come. “Me and Stephen have known each other for a long time.

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