FinTech news in Director category

Capital markets focus on giant sums of money handled through foreign exchange, equity swaps and other major capital transactions typical of big banks, but at the end of the day, a lot of the systems in place that big banks use to make these transactions are based on old infrastructure, with money moving through many transaction points that can create delays and, therefore, costs. Canapi Ventures, 9Yards Capital, and SVB Capital led the round.

Antler East Africa, the Nairobi office of VC firm and venture builder Antler, has closed a $13.5 million fund to invest in early-stage tech startups in the region. Being a female-led VC team, Antler East Africa is particular about investing more in startups founded and led by women in the region, Kebede said

The e-commerce boom that started with the Covid-19 pandemic shows little sign of slowing down, and today a company called Shopware, which provides a set of open source tools to power online shopping experiences for some 100,000 mid-sized and larger brands, is announcing $100 million in funding to capture the opportunity.