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

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.

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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.

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YouTube Home to Hundreds of Election Misinformation Videos

November 5, 2024

Misleading election-related ads are “running rampant” on Meta-owned Facebook, but Google-owned YouTube is also making money from misinformation. Research by Media Matters, independently confirmed by the New York Times, found 30 YouTube channels that between them had posted almost 300 videos containing misinformation which had earned some 47 million views. YouTube is monetizing them with ads and sharing revenue with the creators.  YouTube says election-denial falsehoods don’t violate its guidelines.

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