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India’s NiYO ‘Neo-Bank’ Raises $35m to Help Blue-Collar Workers Access Financial Services
NiYO Solutions serves as a “neo-bank” that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers to customers additional features such as lending and insurance. Blue-collared employees in India (and many other markets) continue to struggle in availing crucial financial services from banks that typically reserve them for the privileged segment.
- Categories
- Finance
- Region
- South Asia
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Press Release: MDaaS Global Closes on Seed Funding of $1 Million
MDaaS was created to address the lack of high-quality, affordable diagnostic services available for low- and middle-income sub-Saharan Africans, starting with Nigeria’s 130 million low- and middle-income patients. Where available and up-to-date, health services are unaffordable for most of Nigeria’s population, and expensive out-of-pocket costs discourage patients. MDaaS leverages its vertically-integrated supply chain, technology platform, and patient-centered design to provide modern, convenient services at a price point patients can afford.
- Source
- Press Release
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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IAN Fund Leads a $2.7 Million Round in Chakr Innovation
Founded in 2016, the startup leverages cutting-edge technology to capture emissions from diesel generators and convert the pollution-causing particles into a base pigment for black inks and paints.
- Categories
- Environment
- Region
- South Asia
- Tags
- startups, venture capital
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Zipline’s New $190 Million Funding Means It’s the Newest Billion Dollar Contender in the Game of Drones
With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Unshackled Ventures Has $20m to Invest Exclusively in Immigrant Founders
Immigrants looking to start their own businesses face a huge barrier. Take Jyoti Bansal for example. He famously waited seven years before launching AppDynamics, a business that later sold to Cisco for $3.7 billion days before its initial public offering. Why? Because as an Indian immigrant with H-1B visa status, he could work for startups but wasn’t legally allowed to start his own.
- Categories
- Investing
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South African Insurtech Startup Nobuntu Raises Funding From Crossfin
South African fintech startup Nobuntu, which builds innovative insurance products for lower-income segments, has raised an undisclosed amount of funding from fintech holding company Crossfin to help it scale.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, startups, venture capital
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Credly Raises $11.1 Million to Issue and Manage Digital Badges
“Credly is working with some of the world’s most recognizable and trusted organizations to build a skills-based currency for the future of work,” said CEO Jonathan Finkelstein.
- Categories
- Technology
- Tags
- venture capital
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A Financial Lifeline for Tech Startups: The Value of Bridge Funds in Social Enterprise
Social entrepreneurs working in next-gen tech startups are often well-versed in the intricacies of acquiring early-stage investments. But according to Sahaj Desai, they may be less aware of another type of financing that can be equally vital to their growth: bridge funding. Desai explores the uses and advantages of this funding, and why it can be uniquely valuable to social startups.
- Categories
- Investing, Social Enterprise
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