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Allocate banks $5M to open up venture capital fund access

TechCrunch

Then Yang joined Kaji at First Republic Bank to work together and continue the conversation. The company is pre-revenue and said it will use the new funding to build out its product and make some key hires over the next year as it gears up for a formal software product launch at the end of the year.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Abdigani Diriye, Khalid Keenan and Youcef Oudjidane, the other co-founders, have combined experience across engineering, investment banking and venture capital. Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Unlike the U.S. Website : [link].

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Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes

TechCrunch

Getting inside the mind of customers is a challenge as behaviors and demands shift, but Clootrack believes it has cracked the code in helping brands figure out how to do that. The company is currently working with over 150 customers in the areas of retail, direct-to-consumer, banking, automotive, travel and mobile app-based services.

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Rise Of AI Drives US Growth In New Unicorns

Crunchbase News

That increase was due in large part to U.S. However, net new unicorn companies from China dropped year over year to 17 in 2024, down from 29 in 2023, amid a broader decline in funding to Chinese-based startups. Singapore counted three new unicorns in 2024 from zero in 2023 in banking, Web3 and semiconductor assembly.

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Healthie lands $16.5M to build the Stripe for virtual patient care

TechCrunch

The idea of starting Healthie , a software company meant to help healthcare companies and startups handle back-office operations, came to founder Erica Jain after witnessing her parents struggle with weight loss but lack of access to a comprehensive care team. million and will use this round’s funds to continue developing their software.

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Silicon Valley Bank: Here’s a timeline of the bank’s failure

TechCrunch

Writer’s note: We’re breaking from our usual formatting this week because there was a once-in-a-generation collapse of one of the biggest banks in the country. After spending hours speaking to founders and venture capitalists about Silicon Valley Bank’s surprising collapse, there’s one shared feeling: whiplash.

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Pear hosted its invite-only demo day online this year; here’s what you might have missed

TechCrunch

AccessBell is aiming to provide the scalability and reliability of Zoom, as well as the customizability and integrations of Twilio, in a low code integration and no code extensible customization platform. The pitch: Fully 40% of employees across Latin America have missed work in the past 12 months due to financial problems.