Visa has launched a program to help promote Africa’s growing startup community. The company’s Africa FinTech Accelerator, announced Wednesday (June 14) will help up to 40 startups per year expand via a program centered around business growth and mentoring. “Africa has one of the most...
Startups are reportedly feeling the effects of a tougher fundraising environment. Some are closing down their operations, selling more quickly and for less money than they had planned, or changing their business models, The Wall Street Journal (WSJ) reported Friday (June 9). This is happening...
The world’s farming startups are reportedly facing problems both high-tech and low-tech. As The Wall Street Journal reported Thursday (May 25), these companies — some of which had raised billions from investors — are now dealing with pests and other problems that farmers have long...
Seedcamp has launched a $180 million fund to back European entrepreneurs. The London-based seed-stage venture capital (VC) fund will use its Fund VI to lead investment and write first checks of up to $1 million in angel to seed rounds, Seedcamp said in a Wednesday (May...
Finland-based Lifeline Ventures has closed its fifth fund at €150 million (about $163 million). The venture capital (VC) firm will use the fund to continue backing early-stage founders, according to a tweet posted Wednesday (May 17) by Lifeline Ventures Entrepreneur-in-Residence Pauliina Meskanen and retweeted by the firm. “Staying true to where...
Visa has selected seven startups for its 2023 Visa Accelerator Program in Asia Pacific. Selected from among 450 applicants, the seven startups are Dowsure (Mainland China), Doxa Holdings (Singapore), Kadmos (Germany), Pi-xcels (Singapore), Playbux (Thailand), Transpure (India) and Twid (India), Visa said in a Tuesday (May 16) press release. “The Visa Accelerator Program offers selected startups a path to rapid commercialization,” Kunal Chatterjee, head of...
Bank of America (BofA) has launched an accelerator program to support entrepreneurs from underrepresented communities. The banking giant’s Breakthrough Lab, announced Tuesday (May 16), is a six-month program that offers early-stage tech startups mentorship, digital expertise, networking with industry experts and access to potential investors....
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors injected more money into promising startups despite the global slowdown. “We’re really seeing an upward...
The world’s tech startups could be facing a cruel summer as the funding crunch persists. As Bloomberg News reported Monday (April 24), experts believe these companies will increasingly begin to run out of money as the market downturn persists, with some venture-backed firms forced to...
