Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of $ 20 million in new funding. Enza Capital, the Pan-African VC firm that Lazar co-founded in 2019, was among the large participants in the Series C […]
South African e-commerce startup TUNL gets funding to accelerate growth of its exports platform
TUNL, a South African parcel shipping platform, has secured $ 1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its […]
TikTok loves ecommerce and VCs think Mistral AI will be fine (potential EU regulatory overhang or not)
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Alex is a little bit sick […]
TikTok to invest $1.5B in GoTo’s Indonesia e-commerce business
ByteDance’s TikTok will take a 75.01% controlling stake in a joint venture entity formed in partnership with GoTo’s e-commerce unit Tokopedia, the two tech firms announced on Monday. TikTok will invest $ 1.5 billion in the combined entity over time “to provide future funding required by the business, without any additional dilution to GoTo’s 24.99% […]