Bumpa, a Nigerian startup building the infrastructure to power online commerce and enable African small business owners to start, manage and grow their businesses from their mobile devices, has raised a $4 million seed round.
Brazil-based Credix has raised US$11.25 million in a Series A round led by Motive Partners & ParaFi Capital. Credix enables fintech companies and other non-bank lenders to convert their receivables and real assets into investment capital. All financing happens on-chain using USDC & smart contracts, creating instant efficiencies, settlement, and more transparency.
Despite raising $55 million Series A in 2021, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, has raised a pre-Series B fund of $40 million to continue growth due to the rising demand for food and groceries and fuel its expansion across the MENAP region.
Like trouble, bad behavior by Meta shows up whether you look for it or not. The latest is an open-source language model that was supposed to provide reliable search results because it was trained on academic papers. Alas, it was quickly withdrawn after reviewers found that it returned results that were grammatical and plausible but also incorrect, not to mention filled with “antisemitism, homophobia, and misogyny.” How can this be a surprise?