Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised US$12 million Series A equity-debt funding to scale operations in the West African country. Fintech VC firm QED Investors co-led the round, banking on embedded financial opportunities like payments and lending in the pharmaceutical sector.
Traction, a Nigeria-based merchant solution platform today announced a US$6 million seed round. The investment was anchored by Pan-African investor Ventures Platform and Multiply Partners, with participation from P1 Ventures and other investors. Founded in 2020 by Mayowa Alli and Dolapo Adejuyigbe, Traction is a fintech that allows small companies to receive payments, manage accounts, and access operational tools.
Pomelo, the Argentine fintech powerhouse founded by industry stalwarts from Mercado Pago, Naranja X, and Mastercard, marks its entry into Chile, signaling its commitment to expanding its fintech empire across the region. As part of its ambitious strategy, Pomelo collaborates with Bitypreço and Biscoint, two of Brazil’s leading cryptocurrency players, and is unveiling the Bitybank Crypto Card, which empowers customers to seamlessly purchase Brazilian natural, bitcoin, and various other cryptocurrencies while offering cashback incentives to new users.
Continuing its early fall shopping spree, Salesforce has signed a definitive agreement to acquire data protection and management company Own (it is also acquiring voice agent vendor Tenyx). In addition to analytics capabilities Own will enhance Salesforce’s existing data security tools. It has been a Salesforce AppExchange partner for over 10 years.