soma capital

BlueCargo reduces logistics late fees by tracking containers in port terminals

BlueCargo has raised $11 million in a new round led by Soma Capital and Left Lane Capital. The company optimizes logistics in port terminals and reduces late fees for drayage trucking companies and sh

Nucleus aims to simplify the process of managing microservices

An increasing number of organizations are adopting microservices, the loosely coupled, independently deployable services that together make up an app. According to a 2020 O’Reilly survey, 77% of

X1 gets 50% valuation boost, aims to give consumers a way to buy stocks via credit card reward points

X1, a consumer fintech startup which recently launched an income-based credit card to the public, has raised an additional $15 million in funding.  This round caught our attention for a few reasons.

Alima aims to build out Latin America’s perishable foods supply chain

Alima’s platform digitizes and optimizes procurement, transport and traceability using artificial intelligence and analytics integration so that less food is spoiled.

Duplo digitizes payment flows for African B2B enterprises, gets $4.3M seed funding

The process of sending and receiving payments in a $1.5 trillion B2B payments market in sub-Saharan Africa is one where merchants commonly use manual invoices and inefficient processes that burden mer

Tiger Global, YC back Rebill’s subscription payment platform for Latin America

Rebill differs from legacy providers in that it is targeting medium to large companies, is cloud-based and sold on a subscription basis so customers just have to pay a license fee.

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

Aerotime aims to continuously optimize workers’ calendars

Setting aside time for focused, undistracted work is a challenge not only for workers, which face a growing barrage of notifications, but teams and companies broadly speaking. One source pegs the cost

Ivella is the latest fintech focused on couples banking, with a twist

Money can make people moody. There are layers of privilege, or lack thereof, that can make even the simplest conversation about bills feel like baggage to deal with. Translate that discomfort to relat

Yummy’s super-sized round helps grow its delivery, ride-sharing super app in LatAm

Yummy is working with over 8,000 merchants, processing 800,000 monthly transactions across its markets and growing over 40% quarter over quarter.

Boundary Layer wants to steal air freight’s lunch and transport it by water instead

If you’ve ever spent time writing beat poetry about container ships chugging their way into and out of harbors, “nimble” or “fast” will be unlikely to make it into your f

Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering. Andy Bro

Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash

As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and

Carbon capture is headed for the high seas

Unless you live near a port, you probably don’t think much about the tens of thousands of container ships tearing through the seas, hauling some 1.8 billion metric tons of stuff each year. Yet these

Nigeria’s Topship raises $2.5M from Flexport and YC to help merchants with international shipping

African merchants encounter many challenges when it comes to international shipping, ranging from logistics and customs to hidden and excessive charges. Digital freight forwarders on the continent hav

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

  Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially

PayU doubles down on LatAm fintech, acquires Ding and leads $46M investment in ‘superapp’ Treinta in Colombia

PayU, the fintech business controlled by Prosus with operations in 50+ countries — it’s been described as the PayPal of emerging markets — announced a double-deal today to expand its

Pareto thinks it shouldn’t be so hard to collect lead-generation data

Pareto’s team of data experts offer actionable insights on everything from TikTok influencers to qualifying B2B sales leads.

Cococart sweetens the process for e-commerce companies to take orders immediately

Cococart's tools enable merchants to set up an online store in minutes with no code, no design and no app downloads.

Secureframe secures $56M for a platform that automates an enterprise’s compliance with standards like HIPAA and SOC 2

Meeting compliance standards like HIPAA and SOC 2 can be a critical — and often mandatory — part of the matrix of boxes that need to be ticked when securing an organization, but it’s
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