Smile Identity raises $7M to build KYC and identity verification tools for Africa

An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report that states that 81% of this number live in sub-Saharan Africa and South Asia without official proof of identity. It’s no news that Africans spend an inordinate amount

Indian edtech Teachmint raises $20 million to expand to new categories and geographies

As most Indian edtech startups work on broadening their catalog with live and recorded courses for students, some are beginning to take a different approach to tackle the South Asian nation’s large education market. Teachmint, a one-year-old startup, is betting on empowering teachers to creat

Younited Credit raises $170 million for its data-driven credit offering

French startup Younited Credit has raised a $170 million funding round. Goldman Sachs is leading the round with existing investors Eurazeo, Bpifrance and AG2R La Mondiale also participating. The company offers several credit products to European consumers. It also has a diversified distribution str

Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another

Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. The Jakarta-based startup was crea

European challenger bank Bunq raises $228 million at $1.9 billion valuation

Amsterdam-based challenger bank Bunq has been self-funded by its founder and CEO Ali Niknam for several years. But the company has decided to raise some external capital, leading to the largest Series A round for a European fintech company. The startup is raising $228 million (€193 million) in a

Navigating ad fraud and consumer privacy abuse in programmatic advertising

Programmatic advertising is a $200 billion global marketplace that is rapidly growing and far-reaching, with Connected TV (CTV) serving as its latest accelerant. Unfortunately, however, it's also a business sector rife with fraud and consumer privacy abuse, particularly in emerging media forms

For successful AI projects, celebrate your graveyard and be prepared to fail fast

AI teams invest a lot of rigor in defining new project guidelines. But the same is not true for killing existing projects. In the absence of clear guidelines, teams let infeasible projects drag on for months. They put up a dog and pony show during project review meetings for fear of becoming the me

WellSaid attracts $10M A round for higher quality synthetic speech

WellSaid Labs, whose tools create synthetic speech that could be mistaken for the real thing, has raised a $10M Series A to grow the business. The company’s home-baked text-to-speech engine works faster than real time and produces natural-sounding clips of pretty much any length, from quick s

r2c raises $27M to scale its security-focused code analysis service

This morning r2c, a startup building a SaaS service around the Semgrep open-source project, announced that it has closed a $27 million Series B. Felicis led the round, which the company said was a pre-emptive deal. Prior investors firms Redpoint and Sequoia also participated in the fundraising even

Mmhmm raises $100M, which is a fun thing to say to people who don’t follow tech

If you’re a frequent technewss reader, you probably already know about mmhmm, the startup with the name you likely either love or hate. It’s Phil Libin’s second act after Evernote, and it’s a startup born of the pandemic maybe more so than any other, providing improved vide

Dear Sophie: What's the process for getting International Entrepreneur Parole?

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says

Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger Global Management. The round values San Francisco-based Unit21 at $300 million and comes nine months after the start

Repeat raises $6 million Series A for its service that makes reordering favorite products easier

Subscriptions have become a popular way to pay for digital services, like Netflix or Spotify, but they haven’t yet taken off as a means of reordering your everyday items or other household essentials. Retailers, including Amazon, have tried shifting consumers to a subscription model for these

Cloverly snags $2.1M seed to continue developing API to measure and offset carbon usage

Cloverly, an Atlanta-based, early-stage startup, has developed an API that helps companies measure and then offset their carbon emissions. Today the company announced a $2.1 million seed round. TechSquare Ventures led the round with participation from SoftBank Opportunity Fund and Panoramic Venture