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Lightup Raises $9 Million Series A for Data Quality Monitoring

August 3, 2023
A best-of-breed data quality monitoring tool is about as far as you can get from an all-in-one sales, service, and marketing platform, but there’s room in the market for both. Lightup offers a no-code data monitoring system which may democratize the process to some degree, but still will call for technically knowledgeable users. They just raised a $9 million Series A, which brings total funding to $20.7 million.
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Digital Advertising Alliance Tests Opt-Out from Using Phone Number-Based IDs

August 3, 2023
Have you noticed how much better consumers feel about their privacy since the industry-backed Digital Advertising Alliance launched its YourAdChoices Tool in 2021? Me neither. But it’s a good thing for the industry to point to, so the DAA is now testing an expansion that lets individuals opt out of ads based on a hashed phone number as well as a hashed email. Compliance is voluntary, of course.
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Terragon’s US$9M raise gives credence to the market maturity in Africa’s cloud and martech space

August 3, 2023
Africa’s foremost data and marketing technology company, which converts telco channels into mobile advertising inventory, announced a US$9 million Series B round to expand its focus on offering mobile B2C messaging backed by deep consumer insights from “big data.” The round was led by Orange Ventures with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld and Western Technology Investment (WTI).
CDPI Emerging Markets

Traction raises US$6M seed as Nigeria’s merchant acquiring space continues to heat up

August 3, 2023
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.
CDPI Emerging Markets

Nigeria’s Remedial Health raises US$12M to deliver financial services for neighbourhood pharmacies

August 3, 2023
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.
CDPI Emerging Markets

Pomelo, a cryptocurrency and fintech company debuts in Chile

August 3, 2023
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.
CDPI Emerging Markets

Mexico’s ConfiAbogado raises USD$1.65M to improve access to legal services in LATAM

August 3, 2023
The Mexico City-based legal tech company, ConfiAbogado, has secured USD $1.65 million in seed funding, to expand its reach and enhance the accessibility of legal services across Latin America. ConfiAbogado plans to offer high-volume legal solutions at reduced costs to provide value to people with legal needs through the combination of technology and law. This funding illustrates the growing importance of tech startups in Latin America and the potential for digital transformation in the legal sector.
CDPI Emerging Markets