South African VC Knife Capital closes US$50M Series B fund for startups with high exit potential

South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.

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Albo, the Mexican neobank, acquires for USD $20M, strengthening Its offer for consumers and SMEs

August 10, 2023

Albo, the neobank in Mexico, has confirmed the purchase of the fintech company, specializing in financial services for small and medium-sized enterprises (SMEs), for $20 million. With this strategic acquisition, albo strengthened its position in the Mexican financial sector, becoming the only neobank to offer debit and credit products for consumers and SMEs., a firm with experience in Mexico, has conducted over 130,000 transactions, granting over USD $90 million in loans and credit lines.

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Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint

August 10, 2023

Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitising the pharmaceutical supply chain, has acquired Alexandria-based online pharmacy Auto-Cure to expand its footprint in the country. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.

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Microsoft Lets Publishers Block Bing Chat Separately from Bing Search

September 26, 2023

Nearly one-third of major news publishers have blocked generative AI tools from reading their content.   But that’s a drastic measure which could also exclude their results from conventional search engines.  Microsoft has just given publishers the option to block access by Bing Chat without also removing their content from search results.  We’ll see if competitors do the same.

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