Kenyan startup Zemo is a financial management solution for growing businesses that enables them to eliminate wasteful spending, tedious expense reports and employee out-of-pocket spend, as well as providing access to working capital loans.
Startup Runway announced the closing of a $50 million investment round, in which it was valued at $500 million. As important as the amount was the fund that led the financing, Felicis, a Californian VC, behind several companies that, after its backing, have become unicorns. Runway is a platform created by two Chileans and a Greek and today is at the forefront of the area. It’s one of the startups revolutionizing the ways we make videos, images, and texts thanks to AI.
South African mobile gaming startup Carry1st has raised a US$27 million funding round to develop, license, and publish new games, as well as further expand Pay1st, its monetization-as-a-service solution.
GrowthLoop will use TransUnion identity data to improve U.S. consumer match rates on client files sent to advertising media such as Facebook and Google Ads. The data should also help clients to find matches among records within their files, building more accurate customer profiles. GrowthLoop calls itself a “composable CDP”, meaning it works with data assembled in external data warehouses.