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Bluewave Predicts New Growth in Private Equity Market

November 17, 2023
Private equity services vendor Bluewave won’t let you see their market outlook report unless you agree to talk with a sales rep.  That would usually disqualify them from a mention here but they provide some useful information in their press release and, more important, are the latest industry observer to predict a pick-up in funding activities.  So let’s consider it another straw in what’s turning into a pretty consistent wind.
CDPI Newsletter

First- and Third-Party Data Work Better Together: Magna/Acxiom Study

November 16, 2023
Few studies get into the statistically-valid details of first- vs third-party ad audience performance.  This joint Magna and Acxiom effort is an exception, randomly assigning members of each audience type to test and control groups and measuring the impact of pre-roll video ads on brand metrics.  The results were perhaps less impressive than the methodology: you probably could have guessed that first-party audiences contain more existing customers and third-party audiences, and both together yield higher results than either alone.
CDPI Newsletter

U.S. Judge Lets Lawsuit Continue Over Social Media Harm to Teens

November 16, 2023
For a change of pace, let’s check in on the tech regulation wars.  While the courts generally side with social media companies due to protections of the CDA Section 320, a U.S. District Court judge ruled this week that a coalition of families, teens, school districts and state attorneys general could continue a lawsuit alleging harm to teens by major social media platforms.  It’s an interesting crack in the Section 320 armor.
CDPI Newsletter

CondoConta, Brazilian Fintech, secures US$14.6M in Series A

November 16, 2023
CondoConta, the Brazilian fintech specializing in banking services for condominiums, has announced the raising of approximately US$14.6 million in its Series A funding round. This capital will enable CondoConta to triple the opening of new accounts, thanks to integrating native interfaces with major condominium management systems (ERPs) and administrators in Brazil. CondoConta offers financial services, including checking accounts, credit cards, loans, financing, and delinquency management.
CDPI Emerging Markets

Egyptian SaaS e-commerce startup Awfar raises 6-figure funding to expand in Saudi Arabia

November 16, 2023
Egyptian SaaS e-commerce startup Awfar has secured six-figure US dollar funding from Saudi Arabia-based venture studio, Value Maker Studio (VMS) to expand its presence in the latter country. Founded in 2020, Awfar offers fully integrated technology solutions for retail businesses, including cloud-based offerings, point of sale (POS), commercial and operational reporting, and delivery management solutions. It operates as a one-stop shop for retailers looking to enhance customer engagement and sales operations.
CDPI Emerging Markets

SA insurtech startup Pineapple secures US$21.3M Series B

November 16, 2023
South African insurtech startup Pineapple has raised ZAR400 million (US$21.3 million) in Series B funding to boost its growth. The round was led by new investors Futuregrowth, Talent10, and MIC. Existing investors, including Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa, also participated. Pineapple’s innovative approach and robust growth, coupled with sustainable claims ratios surpassing industry standards, attracted investor support.
CDPI Emerging Markets

Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises US$7M led by Ventures Platform and MaC VC

November 16, 2023
Shekel Mobility, a B2B auto dealers marketplace, has secured over US $7 million in funding, with US$3.2 million in equity and over US$4 million in debt. The YC-backed startup focuses on offering affordable financing and business solutions tailored for car dealers in Africa, aiming to help small dealers with daily transactions and keep costs down.
CDPI Emerging Markets

Al Ghurair collaborates with Oracle to boost HR process

November 16, 2023
Al Ghurair Investment, one of the largest diversified family business groups in the Middle East will deploy Oracle Fusion Cloud Human Capital Management (HCM) to enhance its human resource management process. Through this collaboration, Al Ghurair continues to build on its legacy of innovation and seeks to empower its employees through self-service capabilities, greater autonomy to manage HR tasks, and improved access to training initiatives.
CDPI Emerging Markets