Digital lenders in Kenya will be under the watch of the Central Bank of Kenya under the new Digital Credit Providers regulations.
Umba, a U.S.-based digital bank with a focus on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary auth
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Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion. Weatherford Capital, a family-owned private investmen
Customers can purchase premium furniture without having to go through a dealer, saving on average 50% over buying from traditional retailers.
Digital credit providers (DCPs) in Kenya will have to disclose their sources of funds and provide evidence of the same after a law meant to regulate the sector came into effect. The new regulations pu
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Branch, which aims to power faster payments to contract workers with its technology, has raised $75 million in a Series C funding round that has closed just six months after it announced its last fina
Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause — granting the banking regulator the mandate to r
Branch, which has built a flexible workforce payments platform, announced today it has raised $48 million in Series B funding and closed on a $500 million credit facility. Lee Fixel’s Addition ̵
Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers Greycr
After a year of video calls and Slack messages, the definition of workplace is set to shift again. In a post-pandemic world, some will return to the office, many will remain remote and regardless of w
A lot of U.S.companies have had near-death experiences in recent months. Among them is Branch, a 1.5-year-old, venture-backed New York-based startup that sells what it calls “exceptional office
Pear, a six-year-old, Palo Alto, Calif.-based seed-stage firm whose bets on nascent startups are closely watched by early-stage investors, has closed on $160 million in capital commitments from a wide
Branch announced today that it has acquired TUNE‘s attribution analytics team and business, a part of the SaaS platform that focuses on optimizing and accurately attributing ad spend. Terms of t
Branch, the deep-linking startup backed by Andy Rubin’s Playground Ventures, will enter the unicorn club with an upcoming funding round. The four-year-old company, which helps brands create link
You don’t hear of many $2 loans in the United States, where $2 won’t buy you more than a chocolate bar. But in cities like Lagos, Nigeria, and Nairobi, Kenya, $2 has the buying power of ro
Branch, a startup making tools to enable developers to provide links between websites and apps, has raised a $60 million Series C round of funding from Andy Rubin's Playground Ventures, according to s
Once an entrepreneur has sold his or her company and logged the required time with the acquiring outfit, he or she typically sets out to start another company -- or become an investor. Josh Miller --
Branch, a startup focused on deep-linking technology, today released a new tool for developers called Deepviews that will help them deliver previews of their applications before they're installed.
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