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Web3 Startup Nestcoin Raises $6.45M In Pre-Seed Capital To Make Crypto More Accessible For Africa

Nestcoin, a global web3 startup, has raised $6.45 million in pre-seed capital, according to a press release. The Nigeria-based company aims to make crypto accessible primarily in frontier markets and their new funding will go toward their mission.

Feb 1, 2022

Ashanti Joins EQ Exchange, Becomes 'The First Black Female Artist To Be A Co-Founder Of A Web3 Company'

As her classic eponymous debut album approaches its 20th anniversary, Ashanti is making history through a new platform. Complex reports that the R&B singer has partnered with EQ Exchange, a woman-owned Web3 platform. Ashanti’s new partnership makes her “the first Black female artist to be a co-founder of a Web3 company.” View this post on Instagram A post shared by EQ Exchange (@eq.exchange) “It’s so important to me to get the message out that artists should own their intellectual property,” she shared in a statement, according to Complex. “By empowering myself through new technology, I’m trying to help other women avoid going through the things that I’ve been through. The future belongs to those who take control and make it their own.” EQ Exchange is set to officially launch on March 25. The announcement of Ashanti joining the tech world follows after the reveal in 2021 that she was re-recording her 2002 debut album to regain ownership of her masters. “I have an amazing legal team,...

Mar 17, 2022

Flutterwave Reportedly Becomes The Highest Valued African Startup, Raises $250M Series D Funding Round

Flutterwave has reached exponential heights within the span of six years. AfroTech previously reported that the Nigeria-based fintech startup raised a $170 million Series C round in March 2021. “We will continue to connect you to a world of opportunities and growth, to make it possible for you to reach your customers wherever they are and create endless possibilities for your business,” Flutterwave wrote via an Instagram post following the Series C round. https://www.instagram.com/tv/CMOphnrHe2s/?utm_source=ig_web_copy_link Now, slightly less than a year later, the company has closed on a recent funding round to power its mission of helping provide payment infrastructure across the African continent. Quartz Africa reports that Flutterwave has raised $250 million in a Series D round at a $3 billion valuation, reportedly making it the highest valued African startup. For the list of investors, click here. The latest funding will go toward “expansion and customer acquisition, by looking...

Feb 16, 2022

ComplYant Raises $5.5M Seed Funding Round To Build Digital Tax Assistant For Small Businesses

ComplYant is here to help small businesses with their tax needs. And thanks to a recent seed funding round, they’re able to help now more than ever. In a press release announcement, it was revealed that the company closed a seed funding round of $5.5 million led by Craft Ventures with participation from Mucker Capital, Slauson & Co., and Techstars. ComplYant was founded by Grid 110 and Techstars alum Shiloh Johnson. There are more than 31 million small businesses in the United States, and they pay billions in tax penalties every year for filing forms or making payments late. Some businesses just forget while others don’t understand enough about the taxes they owe to know that they owe them. ComplYant’s digital platform solves this problem by streamlining workflow, providing a savings wallet for taxes, and allowing accountants to collaborate with client accounts – all right in your browser. Using ComplYant, U.S. small business owners easily manage and take charge of income tax, sales...