Leta, a Kenyan supply chain and logistics software firm, announced the completion of a $3 million pre-seed financing round in a press statement issued on Wednesday. 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech are among the investors in the round. Leta, which was founded in 2021, employs route and…
Inxeption, a B2B supply chain digitization platform, has opened an office in Frankfurt, Germany, to better serve customers in Europe and to supplement its presence in Southeast Asia and India. Sebastian Stahl has been designated senior vice president of international business development in Europe by the corporation. Stahl previously worked as interim president of Germany…
PayUp, a Rex business, has obtained a $5 million line of credit from private working capital finance company nFusion Capital, which will allow it to process $50 million in bills. PayUp and nFusion Finance both focus on small to medium-sized businesses (SMBs), and the new relationship will employ PayUp’s tech-enabled early payment solution to give…
A surge of platforms enabling digital sales and procurement is altering the way African businesses do business, leading to a more efficient trading system overall and assisting in the elimination of frictions that have long hampered traditional supply chains. These platforms are increasingly becoming more than just intermediaries linking consumers and sellers; they are perfectly…
Similar to how customers now expect to be able to book a single trip with multiple airlines in a single transaction, rail booking services like Trainline and Omio have emerged as indispensable resources for European rail travelers who don’t feel like navigating multiple train booking systems to buy tickets. Additionally, similar to contemporary air travel,…
The completion of Treez’s acquisition of Swifter’s payment solutions platform resulted in the merger of two software companies that cater to the cannabis industry. In a news release, Treez claimed that the acquisition enables it to offer comprehensive financial services and digital payment solutions that are better suited to the market. As a result of…
As a result of the growing market for options for people to pay their increasingly expensive healthcare costs, another payment arrangement has emerged. KPJ Healthcare, a Malaysian specialty healthcare organization, announced Thursday (Nov 10) that it has worked with merchant commerce platform Pine Labs to create a new zero-interest installment payment plan for customers. The…
Most customers are now completely used to the art of financial self-service occurring outside of the conventional brick-and-mortar branch, whether it be through the proliferation of ATMs, the pervasiveness of voice and keypad prompts on the phone, or bot-screened queries online. The foundation has been laid for the omnichannel bank of the future with the…
Cross-border payment service provider LianLian Global is working with three European FinTechs to increase the range of financing options accessible to online businesses. The three organizations were named by the firm in a news release on Monday, Nov. 14. They are Spanish eCommerce technology startup RITMO, embedded finance provider YouLend, and small business lending platform…
Actyv.ai, a B2B supply chain management platform, and Mswipe, a supplier of digital payment technology, have partnered to enhance payment options for merchants in India. Actyv.ai announced the deal on its Facebook page on Friday. “Through this relationship, Mswipe will use Actyv.ai’s technological stack, allowing the merchants to make knowledgeable decisions regarding their distributors and…
