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Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

TechCrunch

We all knew – or at least some of us did, ahem – that this was likely not sustainable in the long term. Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. Nordic neobank Lunar raises $77M at $2B+ valuation, launches crypto trading platform and B2B payments.

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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. Grow in a way that’s smart and sustainable for the long run,” advises Michael Sidgmore, a partner at Broadhaven Ventures. “We Would you say you are conducting more due diligence?

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Morocco’s food tech Terraa raises $1.5M led by FoodLabs

TechCrunch

Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 million pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sustainability and health. They work out of habits, and don’t use any best practices in terms of operations or technology.

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Topi raises $45M to power hardware subscriptions for B2B merchants

TechCrunch

A new company is looking to do for B2B hardware sales what a growing number of companies have been doing in the consumer sphere, by making it easier for businesses to pay for equipment in instalments through rentals and subscriptions. million in funding to do something similar for B2B transactions. Access over ownership.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

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How Antler East Africa is building early-stage startups with experienced professionals

TechCrunch

Melalite Ayenew is the firm’s tech partner. “Our process is very hands-on; by working with the co-founders over several months, we get the opportunity to help shape the business models and perform extensive due diligence before investing,” Nielsen said to TechCrunch.

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Singapore-based AlterPacks turns food waste into food containers

TechCrunch

AlterPacks is tackling both issues with technology that turns food waste into takeout boxes and other containers. Its go-to-market strategy is a B2B model and includes working with distribution partners that sell supplies to F&B businesses like restaurants and hotels. AlterPacks containers have been on the market since December.