Flutterwave buys Nigeria’s Mono in rare African fintech exit

Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as […]

from TechCrunch https://ift.tt/ajTQAxC

Comments

Post a Comment

welcome

Popular posts from this blog

3D social network BUD raises $15M in Series A+ round

Investors are justling to find the next killer app for the metaverse. BUD , an app that allows users to create their customizable 3D experiences and interact with others, said today it has landed $15 million funding in a Series A+ round. Featuring cuddly characters that are reminiscent of Animal Crossing, BUD only rolled out in November. Within weeks it shot to the top 10 social apps on Android in several countries including the U.S., according to analytics firm App Annie, though its ranking has sunk to the 100s since. The slowing momentum didn’t stop some of China’s most active investors from betting on the nascent app. Qiming Ventures Partners led the round, with Source Code Capital, GGV Capital and Sky9 Capital also participating in the “oversubscribed” Series A-plus raise. It didn’t disclose how much it raised from its Series A round. The fresh proceeds will be used for product R&D and user growth in the international market, BUD said. Former Snap engineers Shawn Lin and...
Read more

Apple reportedly revamping Health app to add an AI coach

Apple is developing a new version of its Health app that includes an AI coach that can advise users on how to get healthier, according to Bloomberg’s Mark Gurman. Gurman first reported that something like this was in the works back in 2023, but now he says development is moving ahead, with the new features […] from TechCrunch https://ift.tt/VSuIJXe
Read more