Pet-tech startup KatKin secures €5 million to take its personalised cat food across the UK

London-based KatKin today announced a seed round led by Octopus Ventures, taking the total amount raised by the company to almost €5 million, to help cats live healthier, happier lives with a new cat food that meets cats’ biological needs. Siblings Brett and Nikki O’Farrell started KatKin in 2019 after realising that the pet food…

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EU-Startups

Naira falls at black market, violence erupts across the country from #EndSARS protests – Nairametrics

Naira falls at black market, violence erupts across the country from #EndSARS protests  Nairametrics
“nigeria startups when:7d” – Google News

#EndSARS: We are working to stabilize things across the state, as we look to rebuild – Sanwo-Olu – Nairametrics

#EndSARS: We are working to stabilize things across the state, as we look to rebuild – Sanwo-Olu  Nairametrics
“nigeria startups when:7d” – Google News

[DreaMed in Geektime] DreaMed’s AI solution for diabetes expands across the US

Israeli startup DreaMed Diabetes, a developer of personalized, AI-based diabetes management solutions, announced its expansion across the US through partnerships with four health clinics last month.

Read more here.

The post [DreaMed in Geektime] DreaMed’s AI solution for diabetes expands across the US appeared first on OurCrowd Blog.

OurCrowd Blog

AfriLabs Gives Over €250000 in Grants to 20 Innovation Hubs Across Africa, launches Insights Report – TechCabal

AfriLabs Gives Over €250000 in Grants to 20 Innovation Hubs Across Africa, launches Insights Report  TechCabal
“nigeria startups when:7d” – Google News

Berlin-based startup Kenjo raises €5.1 million to expand further across Germany and reach Austria, Switzerland and Spain

Berlin-based startup, Kenjo (derived from the Japanese word “Kenshō” which means ‘seeing one’s (true) nature’) has raised one of the largest seed rounds for a HRtech in 2020 after successfully closing a round of €5.1 million. The round was led by Redapline who were one of the early investors in fintech unicorn N26 and leading…

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Stripe Acquires Nigeria’s Paystack For $200 Million For Expansion Across The Continent – Black Enterprise

Stripe Acquires Nigeria’s Paystack For $ 200 Million For Expansion Across The Continent  Black Enterprise
“nigeria startups when:7d” – Google News

Adyen’s nemesis Stripe acquires Nigerian Paystack to accelerate online & offline commerce across Africa

Thanks to digital innovation, the business landscape has evolved dramatically over the years. Offline businesses are now tapping into the potential of digital to leverage their technologies, in order to create value and new services. 

Fintech plays an integral part in this massive shift in the industry. Numerous fintech startups are solving problems that financial services and banks faced in the past. Based out of Ikeja, Nigeria, Paystack is solving the payments problem by making it easy for organisations of all sizes to collect payments from around the world. 

Biggest startup acquisition of Nigeria

Recently, the fintech giant Stripe has entered into an agreement to acquire Paystack. Although the terms of the deal have not been disclosed, TechCrunch reports that the deal is worth over $ 200M (€170.1M); making it the biggest startup acquisition to have occurred in Nigeria. This is, reportedly, also Stripe’s biggest acquisition to date anywhere.

It’s worth mentioning that earlier this year, Stripe secured $ 600M (approx €553 million) in a Series-G round. This funding helped the unicorn expand its API-based payments services into more places, 

As per the company claims, The African internet economy is growing quickly, with online commerce in the region growing 21% year-over-year, 75% faster than the global average. 

“This acquisition is the culmination of a close partnership between Stripe and Paystack over the last several years. Both companies are alums of the Y Combinator accelerator program, and Stripe led our Series A round of funding in 2018,” Shola Akinlade, CEO and cofounder of Paystack mentions in a blogpost

Will continue to operate independently

To date, more than 60,000 businesses in Nigeria and Ghana use Paystack to securely collect online and offline payments, launch new business models and deepen customer relationships. Notably, Paystack processes more than half of all online transactions in Nigeria. 

According to Paystack, it will continue to operate independently, growing its operations in Africa and adding more international payment methods. Furthermore, Paystack’s capabilities will be embedded in Stripe’s Global Payments and Treasury Network (GPTN), a programmable platform for global money movement that currently spans 42 countries.

Stripe valued at €33B

Founded by John Collison and Patrick Collison in 2010, Stripe develops software that allows businesses to accept payments online.

A couple of weeks back, the fintech startup Stripe announced a partnership with CRM software company Salesforce to help enterprise businesses to quickly bring new online products and services to market with best-in-class payments capabilities to support their customers and boost revenues.

Valued at €33B, Stripe has numerous high-profile customers including Zoom Video Communications, Caviar, Coupa, Just Eat, Keap, Lightspeed, Mattel, NBC, and Paid. The company has offices in Dublin, London, Paris, Singapore, and Tokyo.

Main image credits: Stripe

Startups – Silicon Canals

Ride-hailing startup Pickmeup reaches underserved cities across Nigeria – Ventures Africa

Ride-hailing startup Pickmeup reaches underserved cities across Nigeria  Ventures Africa
“nigeria startups when:7d” – Google News