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AI Startup Backed by Billionaire Peter Thiel’s Founders Fund Raises $500 Million

[Oct 31 5:30 AM] Crusoe Energy is set to secure approximately $500 million in equity capital from investors including billionaire Peter Thiel’s Founders Fund. VC Firms Pour Billions into AI Startups Crusoe Energy, a vertically integrated artificial…

Egyptian Fintech Startup Secures $3.5M in Seed Funding Round

[May 15 11:28 PM] The Egyptian fintech startup Mnzl plans to enhance its lending technology and expand its operations using the $3.5 million raised in a seed funding round. Co-founder Sameh Saleh said the startup seeks to empower families by providing financial…

Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round

[Mar 20 5:30 AM] Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border…

Egyptian Fintech Startup Moneyhash Secures $4.5 Million in Seed Funding Round

[Mar 4 5:35 AM] Moneyhash, a digital payments fintech startup, recently secured $4.5 million in a seed funding round. The fintech startup said it will use the capital raised to enhance its technology and fund its regional expansion drive. The Impact of COVID on…

Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round

[May 21, 2023 5:30 AM] Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and…

Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences

[Feb 3, 2023 5:00 AM] Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts…

Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures 

[Jan 30, 2023 6:30 PM] A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed…

Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors

[Jan 20, 2023 3:30 PM] Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023…

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round

[Nov 30, 2022 3:00 AM] Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at…