Credable, an embedded finance platform that provides its clients with the technology stack, scoring capabilities and banking partners, has raised a $2.5 million seed round. It follows the pre-seed round of the embedded finance platform secured in early 2021 and led by The Continent Venture Partners (TCVP).
In a context of uncertainty in the startup ecosystem due to macroeconomic problems that took force in 2022 and the recent collapse of Silicon Valley Bank (SVB), Latin Leap arrives in Latin America with a US$25 million fund targeted at early-stage companies. It will mainly focus its investments in the fintech, healthtech, edtech, proptech, and mobility tech sectors of startups from Mexico, Colombia, Peru, and Chile. There will be less capital for late-stage startups and more activity in early-stage ones.
Egypt’s Almentor, the leading online video learning platform in Arabic, has raised a US$10 million pre-Series C round of funding to accelerate its growth towards its goal of serving 10 million learners in the MENA region. Founded in 2016, Almentor has worked with more than 950 prominent experts to create over 1,000 online courses for individuals, corporations, and government entities. It combines a personalised learning experience with high-quality Arabic content.
Treasure Data will provide its system to free for companies that are stuck in contracts with other CDPs. The trade-up program is available to companies with roughly firms with $1 billion or more revenue, that already have a competitive CDP in place. There will still be some costs for services to make the conversion but Treasure Data says these are fairly small since it has considerable experience with such projects.