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Chpter, an AI-powered company based in Kenya, has secured significant funding. Chpter Launched in 2022 by Mesongo Sibuti (chief technology officer), Kuria Kevin (chief product officer), Mark Kiarie (chief operating officer) and Tesh Mbaabu (CEO), the conversational commerce company allows businesses to scale their revenue — on platforms such as WhatsApp, Instagram, and TikTok — by up to five times through features that include automated abandoned cart recovery, post-purchase chat messages, and automated responses through chatbots, per its website. “We are thrilled to pioneer the social commerce revolution, starting in Africa, as more and more consumers turn to social channels such as WhatsApp, Instagram, Facebook, and TikTok to communicate and purchase from the brands they love.” Mbaabu, co-founder of Chpter, said in a post shared on Medium. “Specifically, WhatsApp’s role in business communication cannot be overstated. With more than two billion active users, it offers an...
Each year, between the end of spring and the beginning of summer, several professional sports leagues host drafts, giving space to the next batch of athletic superstars who will impact their respective games for years to come. With so much excitement about a new generation of professional athletes, the focus sometimes shifts from player stats and team projections to contracts and partnership deals. But the excitement of new money is largely made possible by the athletes who have some tenure in the game. From rookie expansion contracts to lucrative business deals, athletes are continuing to level up, paving the way for what’s possible in the future. Against this backdrop, Forbes has released its highest-paid athletes list of 2024, and of the 10 players, 50% of those spots are held by Black athletes. Lebron James View this post on Instagram A post shared by 👑 (@kingjames) Lebron James is No. 4 on the list but ranks No. 1 among Black professional athletes. The 39-year-old is currently...
Companies are continuing to tap into the greatness that is Deja Kelly. The North Carolina Tar Heels point guard has teamed up with BARCODE — a plant-based beverage company founded by NBA coach and professional trainer Mubarak Malik (Bar) — for her first long-term equity deal, according to a press release. The new partnership marks multiple firsts for the star hooper as she’s also the brand’s first-ever female name, image and likeness (NIL) shareholder. View this post on Instagram A post shared by Deja Kelly (@dejakelly) “Our partnership with Deja Kelly is a no-brainer,” said Bar in a statement. “Her athletic excellence and unwavering commitment to healthy living align perfectly with our missions and value at BARCODE. We’re proud to have Deja join our team and help more consumers unlock their greatest potential through nutrition and lifestyle.”
If Michael Jordan’s name is attached, the money trail will certainly follow! Yahoo Sports reports an unused ticket for the NBA goat has sold for a whopping $468,000 by t he owner of the hidden gem, Mike Cole, in a recent auction. The Maryland native was given two tickets by a family friend to attend Michael Jordan’s debut game against the Washington Bullets in 1984. Unable to give away the additional ticket, Cole stored the unused ticket stub alongside other sports memorabilia in his basement for nearly three decades. It was not until Cole stumbled across a story about a record-breaking sale for Michael Jordan’s first NBA game that he realized he was sitting on a pot of gold. Cole then went to his basement to find the unused ticket in a container titled “Mike’s memories.” And, what’s more, Cole told Yahoo Sports he would have been happy to receive $500 for the ticket. “I’m a huge sports fan, and I enjoy keeping tickets as memories of good times I’ve had,” Cole said, according to...
Giannis Antetokounmpo is on the money! The NBA star joined as a strategic partner for a Series B investment round totaling $27 million for sports media startup Wave Sports + Entertainment, according to a press release. The seed round was led by private equity firm TZP Group. Crossbeam Venture Partners, GPS Investment Partners, Verance Capital, Nimble Ventures, existing investors and more also participated in the round. “WSE is leading the shift to creating digital superfans by engaging audiences where, when, and how they want to consume sports content,” said Shamit Mehta, Partner at TZP Growth Equity, according to a press release. “We believe athletes, leagues, and companies will have a new way to connect with younger audiences through WSE’s successful brands.”
Nas was in a Twitter Space earlier today talking about the importance of his partnership with Royal, and he explained how this partnership wasn’t about the money for him. Instead, it was about empowering people to make financial decisions best suited for them. Join the party and tune into @Twitter Spaces live today at 2PM ET / 11AM PT 🌐🔐 THE DROPS ⬇️ 💎 Ultra Black: 1PM ET / 10AM PT 💎 Rare: 9PM ET / 6PM PT pic.twitter.com/4TezZdC6RF — MASS APPEAL (@MassAppeal) January 11, 2022 “Fractional ownership probably means a lot more to a lot of other artists than it does for me, but this isn’t really for the money for me,” Nas said on Twitter Spaces. “This is just a way to see how doing something like this can build and expand with the core base that I got and encourage artists.” For Royal CEO, co-founder, and renowned electronic artist Justin “3LAU” Blau, the partnership with Nas also meant democratizing the opportunity for NFT ownership, which can prove cost-prohibitive for the average...
Audius — a free-to-use streaming platform built on blockchain technology — is coming in swinging to compete with Apple Music, Spotify and TIDAL . According to Rolling Stone, on Sept.16, the platform announced a $5 million round of strategic funding with investments from artists, such as businessmen Nas and Pusha T. “I believe [blockchains] might be the most important technology to ever hit the music industry,” Nas said in a statement. “Everyone who uploads to Audius can be an owner. You can’t say that about any other platform.” It’s known knowledge that artists’ pockets barely rely on the slow and minimal income from streams — but Audius is on a mission to change this misfortune. With the platform, artists will get paid promptly. Rolling Stone reports that with Audius, “90% of earnings move in real time — with 10% going to the community that makes the system run.” “The blockchain is enabling entirely new revenue streams for artists and creators, like NFTs, social currency, and...