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Samasource raises $14.8M for global AI data biz driven from Africa

AI training data provider Samasource has raised a $14.8 million Series A funding round led by Ridge Ventures. The San Francisco-headquartered company delivers Fortune 100 companies with the inputs they need for machine learning development in fields including autonomous transportation, e-commerce and communications and media. It does so with a global work force of …

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Nigerian marketing tech startup Termii raises funding from Microtraction

Nigerian startup Termii, which enables businesses to retain customers through personalised messages sent across multiple communication channels, has raised an undisclosed amount of funding from early-stage investment firm Microtraction. Founded by Emmanuel Gbolade and Tayo Awe, Termii helps businesses with their customer retention with affordable tools to personalise their messages across channels …

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$1b boost for female entrepreneurs

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs  in Africa. The EIB is the lending arm of the European Union. The EIB has supported investment in Africa for more than 50 years. Last year, it provided a record €3.3 billion to African …

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Freshworks raises $150M Series H on $3.5B valuation

Freshworks, a company that makes a variety of business software tools, from CRM to help-desk software, announced a $150 million Series H investment today from Sequoia Capital, CapitalG (formerly Google Capital) and Accel on a hefty $3.5 billion valuation. The late-stage startup has raised almost $400 million, according to Crunchbase …

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Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. The results Jumia — with online goods and service verticals in 14 countries — posted third-quarter revenue growth of …

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