Nala to use $40M Series A to build B2B payments platform, scale remittance services

Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.  The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital, […]

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Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.  The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital,
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Byway is using AI to help travelers slow down and take the scenic route

Solo founder Cat Jones took the plunge on setting up a travel business right around the time the pandemic was hitting Europe in March 2020. Fast forward to summer 2024 and her curated package tour business, Byway, is announcing close of an oversubscribed £5.04 million Series A round (around $6.4M at current exchange rates). Jones’ […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Solo founder Cat Jones took the plunge on setting up a travel business right around the time the pandemic was hitting Europe in March 2020. Fast forward to summer 2024 and her curated package tour business, Byway, is announcing close of an oversubscribed £5.04 million Series A round (around $6.4M at current exchange rates). Jones’
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Small teams—no matter the project they are working on—are constantly sharing information with each other about goals, obstacles and next steps. By talking through options, the group builds a shared understanding of the work. It’s a complicated and decidedly human process that can get messy quickly if one member is not paying attention or simply misunderstands a key point and fails to clarify it while the group pushes forward.Small teams—no matter the project they are working on—are constantly sharing information with each other about goals, obstacles and next steps. By talking through options, the group builds a shared understanding of the work. It’s a complicated and decidedly human process that can get messy quickly if one member is not paying attention or simply misunderstands a key point and fails to clarify it while the group pushes forward.[#item_full_content]

Small teams—no matter the project they are working on—are constantly sharing information with each other about goals, obstacles and next steps. By talking through options, the group builds a shared understanding of the work. It’s a complicated and decidedly human process that can get messy quickly if one member is not paying attention or simply misunderstands a key point and fails to clarify it while the group pushes forward.Small teams—no matter the project they are working on—are constantly sharing information with each other about goals, obstacles and next steps. By talking through options, the group builds a shared understanding of the work. It’s a complicated and decidedly human process that can get messy quickly if one member is not paying attention or simply misunderstands a key point and fails to clarify it while the group pushes forward.Computer Sciences[#item_full_content]

Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over. 

Generative AI businesses aside, the last couple of years have been relatively difficult for venture-backed companies. Very few startups were able to raise funding at prices that exceeded their previous valuations.   Now, approximately two years after the venture slump began in early 2022, some investors, like IVP general partner Tom Loverro, are saying that the […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Generative AI businesses aside, the last couple of years have been relatively difficult for venture-backed companies. Very few startups were able to raise funding at prices that exceeded their previous valuations.   Now, approximately two years after the venture slump began in early 2022, some investors, like IVP general partner Tom Loverro, are saying that the
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

A new trend for seed VCs and the scariest part about OpenAI’s data breach

On today’s episode of Equity, we’re taking a look at news you might’ve missed over the holiday weekend here in the U.S., starting with the recent OpenAI security breach. While it doesn’t seem that people have to be too worried about what the hackers actually accessed, the fact that it happened is worth paying attention […]

© 2024 TechCrunch. All rights reserved. For personal use only.

On today’s episode of Equity, we’re taking a look at news you might’ve missed over the holiday weekend here in the U.S., starting with the recent OpenAI security breach. While it doesn’t seem that people have to be too worried about what the hackers actually accessed, the fact that it happened is worth paying attention
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Over the past decade, virtual assistants powered by artificial intelligence, like Apple’s Siri and Amazon’s Alexa, have become integral to technologies such as smartphones and social media.Over the past decade, virtual assistants powered by artificial intelligence, like Apple’s Siri and Amazon’s Alexa, have become integral to technologies such as smartphones and social media.Consumer & Gadgets[#item_full_content]

Evidence is mounting that the new generative AI internet search tools provided by OpenAI, Google and Microsoft can increase the risk of returning false, misleading or partially correct information.Evidence is mounting that the new generative AI internet search tools provided by OpenAI, Google and Microsoft can increase the risk of returning false, misleading or partially correct information.Business[#item_full_content]

Since the release of ChatGPT in November 2022, the world has seen an incredible surge in investment, development and use of artificial intelligence (AI) applications. According to one estimate, the amount of computational power used for AI is doubling roughly every 100 days.Since the release of ChatGPT in November 2022, the world has seen an incredible surge in investment, development and use of artificial intelligence (AI) applications. According to one estimate, the amount of computational power used for AI is doubling roughly every 100 days.Business[#item_full_content]

Database startup Tembo lands new cash to expand

One of the vendors to benefit from the database boom is Tembo, a startup creating a platform that lets developers deploy different flavors of Postgres.

© 2024 TechCrunch. All rights reserved. For personal use only.

One of the vendors to benefit from the database boom is Tembo, a startup creating a platform that lets developers deploy different flavors of Postgres.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

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