South African payments orchestration platform, Revio, has raised US$5.2 million in seed funding to strengthen its efforts in tackling these failed payments that cost digital businesses billions in recurring revenue yearly. The two-year-old startup assists companies in streamlining their order-to-cash lifecycles while handling issues brought on by employing various payment options via its APIs.
The Mexican fintech company Mundi announced a new Series A-2 financing round totaling USD$15 million, with Haymaker Ventures being the main investor. Mundi also announced its rebranding with the goal of becoming the first fintech platform to simplify international trade in Latin America. They offer solutions for international payments and collections, foreign exchange, currency coverage, and cargo insurance, as well as a set of free tools to enhance clients’ operability.
Pan-African venture capital firm P1 Ventures has reached the first close of its second fund at US$25 million. The venture capital firm secured this capital from some of Africa’s largest industrial conglomerates and private companies, several fund of funds and general partners of global funds based in the U.S. and Europe.
Google lashed out at the Department of Justice’s threat to break up the company, calling the proposals “radical.” Among other things, Google says the proposals would threaten users’ privacy, stifle innovation and break Android and Chrome. Given the appeals process, it will likely be years before we know whether Google will stay in one piece.