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Nigeria’s Mono raises millions to power the internet economy in Africa

TechCrunch

Three months later, the startup has a different mission: to power the internet economy in Africa and has closed $2 million in seed investment towards that goal. “The way I see it, our market is not that big. Compare the payments market now with 2016, when Paystack and Flutterwave just started.

Internet 364
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Singapore-based Transcelestial uses lasers to build affordable internet networks

TechCrunch

Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million. Transcelestial plans to enter the U.S. and anywhere on earth.”

Internet 218
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Nigeria’s IROKO plans to go public on the London Stock Exchange AIM in 2022

TechCrunch

IROKO , a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market. But amid pandemic-induced lockdown fears, consumer discretionary spending reduced in Nigeria and other African markets. Africa can list more gazelles at home than unicorn IPOs abroad.

Film 346
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Billie, a buy now, pay later specialist for the B2B market, raises $100M on a $640M valuation

TechCrunch

London’s D awn Capital, a specialist in B2B startups, led the round, with internet giant Tencent and Klarna also participating; previous backers Creandum, Speedinvest, Picus and GFC are also in the round. . Knecht tells me that it comes down to very different data points and market dynamics when it comes to businesses.

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Serial fiction app Radish acquired by Kakao Entertainment for $440M

TechCrunch

Kakao Entertainment is owned by Kakao, the South Korean internet giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will hold onto his role as its chief executive officer, while also becoming Kakao Entertainment’s global strategy officer to lead its growth in international markets.

Internet 252
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“Link-in-bio” company Linktree raises $45M Series B for its social commerce features

TechCrunch

Founded in 2016, Linktree now competes with a roster of “link in bio” services, including Shorby, Linkin.bio and the recently launched Beacons. We were first to market and, with over 12 million users globally, still hold 88% of market share,” founder and chief executive officer Alex Zaccaria told TechCrunch.

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

Qotto told TechCrunch it plans to scale in existing markets, and expand to Ivory Coast where it is set to begin operations by next month. The growth bid follows the planned introduction of new products in the market, including financial services and internet access hotspots, as Qotto evolves into an all-rounded essential services operator.