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Bikayi is in talks to raise about $50 million in a new financing round, four people familiar with the matter told me, as the Indian startup looks to scale its platform that helps small businesses set up and run their e-commerce stores.

Tiger Global and Sequoia Capital India are holding conversations with the Indian startup to lead its Series B round, the sources said, requesting anonymity as the deliberations are ongoing and private. Sequoia Capital India, which led Bikayi’s $10.8 million Series A funding in September last year, is positioning to lead the round, two sources said.

Spokespeople for Bikayi, Sequoia Capital [...]

Wed, Jan 19, 2022, Continue reading at the source

Kenyan fintech Zanifu is set to upgrade its platform and grow the number of micro, small and medium enterprises (MSMEs) it extends stock-financing to after securing $1 million in Seed funding.

Saviu Ventures, which invested in the startup’s pre-seed round early 2020, Launch Africa Ventures, Sayani Investments and a number of angel investors from Kenya and Nigeria participated in the round. This latest round brings the total funding so far received by the startup to $1.2 million.

Zanifu provides short-term stock-financing of up to $2,000 to MSMEs in Kenya and is eyeing an additional 15,000 FMCG retailers in the next one [...]

Wed, Jan 19, 2022, Continue reading at the source

Pyxis One, now Pixis, closed on $100 million in Series C funding to continue developing what it touts as “the world’s only contextual codeless AI infrastructure for complete marketing optimization.”

SoftBank Vision Fund 2 led the round and was joined by new investor General Atlantic, and existing investors Celesta Capital, Premji Invest and Chiratae Ventures. The fresh capital comes just four months after Pixis announced its $17 million Series B to bring its total funding to date to $124 million.

The California-based company was founded three years ago by Shubham A. Mishra, Vrushali Prasade and Hari Valiyath. This is [...]

Wed, Jan 19, 2022, Continue reading at the source

Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase, announced it has raised an $11 million Series B. The round was led by BurdaPrincipal Investments, growth capital arm of Hubert Burda Media. Other participants included Centauri, a joint investment vehicle between MDI Ventures and KB Investment, and Tamaz Georgadze, CEO and co-founder of Raisin DS.

Operated by fintech First Digital Finance Corporation BillEase launched in 2017, with shopping marketplace Lazada as its first merchant partner. It can now be used [...]

Wed, Jan 19, 2022, Continue reading at the source

Politics and tech are certainly strange bedfellows. The Gang loves to talk about filibusters and the fall of democracy, but forget it when I try to bring up my fascination with live audio. That is understandable; we never talk about the little stuff until there’s a battling billionaire angle. So it was that Jack Dorsey’s joust with Marc Andreessen over what the meaning of web3 is is brought all the web2 superstars into the thread. Tim O’Reilly, John Battelle, Chris Dixon, Catch 22’s Milo Mindbender (ok, Moxie Marlinspike?) and even web1’s Leo Laporte weighed in.

Since Covid blocked physical events, we’ve [...]

Wed, Jan 19, 2022, Continue reading at the source
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