Neobank Stashfin raises $270 million, tops $700 million valuation

Singapore-based Stashfin has raised $270 million in a new funding round as the neobanking platform, which currently only serves customers in India, looks to expand to Southeast Asia and other South Asian markets, it said Tuesday. The startup has raised $70 million against equity and $200 million as

SaaS platform LeadSquared becomes unicorn with $153 million fresh funding

LeadSquared, a SaaS startup that is helping sales teams become more efficient with its CRM platform, is the latest Indian startup to become a unicorn. LeadSquared said on Tuesday it has raised $153 million in a Series C funding round that valued it at $1 billion (post-money). The round was led by W

Nigerian at-home lab testing platform Healthtracka gets $1.5M, backed by female VCs

According to this World Health Organization (WHO) article on treating cancer, detecting symptomatic patients as early as possible gives them the best chance for successful treatment. Though the piece is a template for cancer treatment, it applies to any disease, deadly or not. Diagnostics is at the

Ghana’s fintech Fido raises $30M to roll out new products and expand across Africa

After extending credit to thousands of customers over mobile phones since 2015, Ghana-based fintech Fido is now in search of additional growth avenues for its expansion across Africa. Fido told technewss that it is planning to add savings and payment products to its portfolio later this year, and

Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round

Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A round, one of the largest at this stage in MENA, was led by Sequoia Capital India.  The round also welcomed participation from Fifth Wall, the largest VC firm backin

LocalGlobe becomes Phoenix Court Group, hits $500M first close for new funds, adds an Impact twist

Saul Klein is a busy man. As co-founder with his father Robin, of LocalGlobe, one of the longest-running VCs in Europe, he has overseen a wide range of initiatives. Among other things, the pair are passionate investors and philanthropists in LocalGlobe's HQ area of Somers Town, London, and are

10 tips for running effective board meetings

Since making the transition to venture capital, I've learned firsthand that a critical part of investor involvement and due diligence involves serving on boards of directors. I quickly realized that the makeup of a board, as well as what's required of its members, is vastly different at an

Afropolitan raises millions from Balaji Srinivasan and others to build a digital nation

Last April, Balaji Srinivasan, a high-profile figure in the crypto space and the ex-CTO of Coinbase, wrote a piece titled “How to Start a New Country” in the 21st century. His view was that this new world — The Network State — would give millions of people a fresh societal and financial sta

Another brutal week for crypto and crypto companies

Hi all! Welcome back to Week in Review, the newsletter where we recap the most read stories to cross technewss over the last week. Our goal: If you’ve had a busy few days, you should be able to click into this on Saturday, give it a skim, and still have a pretty good idea of what went down t

Daily Crunch: Citing ‘overreaching activism,’ SpaceX reportedly fires workers who decried Musk’s behavior

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. There we go, today it's Friday! We're planning to spend some quality time with a headset and a collection of amazing technewss podcasts — here's ou

Brex leaving adrift some SMB customers roils corporate spend market

Brex's decision to largely exit the SMB market has caught its customers, market observers and even its competitors by surprise. And while the affected customers scramble to move their assets off Brex's platform, its rivals are taking aim at the fintech and the market it's leaving behind

Rohlik bags $231M despite the market cooling on food delivery startups

The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections, splashy and high-profile promotions, and interesting experiments toying with the cutting edges of tech, these days, layoffs, M&A and dropping valuations are too often the st

In all-hands Twitter call, Elon Musk fields questions about free speech and bots

As Elon Musk addressed Twitter employees for the first time in an all-hands Q&A meeting, the Tesla and SpaceX CEO provided some more details about his plans for the social platform. When Musk first announced his bid to buy Twitter for $44 billion, he proposed the idea of “authenticating a

Indian esports fantasy startup FanClash raises $40 million

Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users make money. FanClash, a two-year-old Indian startup, is attempting to bring esports such as sleeper hit ti