Businesses across Africa face challenges managing payroll, especially in a landscape with different regulations, remote employees, and hybrid workplaces. About 80% of small and medium-sized businesses still use Excel and Google Sheets as they can’t afford or maintain complex payroll systems. Here’s why: On-site third-party solutions offer limited features, while software designed for large companies […]
ATTRAKT’s “Super Rich” Singaporean Investor Gets Arrested: Fans Fear For FIFTY FIFTY
David Yong, a 37-year-old Singaporean businessman and CEO of Evergreen Group Holdings, was arrested and charged with falsifying tax documents. David Yong | @dynimm/Instagram Some know Yong, whose full name is Yong Khung Lin, from Netflix‘s Super Rich in Korea. He marketed himself as “Singapore’s Top 1%” wealthiest man as he showed off his luxurious life. But for […]
Major Stripe investor Sequoia confirms $70B valuation, offers its investors a payday
Payments giant Stripe has delayed going public for so long that its major investor Sequoia Capital is getting creative to offer returns to its limited partners. The venture firm emailed LPs in funds raised between 2009 and 2011with an offer to buy up to $ 861 million worth of shares in Stripe, Axios reported. Sequoia […]
Tempus soars 15% on the first day of trading, demonstrating investor appetite for a health tech with a promise of AI
Tempus, a genomic testing and data analysis company started by Eric Lefkosky, who previously founded Groupon, debuted on Nasdaq on Friday, rose about 15% on the opening The company priced its IPO on Thursday at $ 37 apiece, at the top of its $ 35 to $ 37 price range, raising nearly $ 411 million […]
Contour Venture Partners, an early investor in Datadog and Movable Ink, lowers the target for its fifth fund
Longtime New York-based seed investor, Contour Venture Partners, is making progress on its latest flagship fund after lowering its target. The firm closed on $ 42 million, raised from 64 backers, for Contour Venture Partners Fund V, according to an SEC filing from May 17. The firm is targeting $ 70 million for its fifth […]