Ivorian Fintech Djamo Raises $17M in Latest Funding Round
Djamo raised $17 million in its latest funding round, the largest for an Ivorian startup. The startup plans to expand its product suite for retail users and small businesses.
Cleva secures IMTO licence from Nigeria’s central bank amid unclear regulations
Cleva has been granted an IMTO license from the Central Bank of Nigeria. The IMTO license allows Cleva to conduct secure inbound international money transfers to Nigeria.
YC-backed food supply startup Vendease restructures employees’ salaries
Vendease laid off 44% of its workforce, approximately 120 employees, marking its second round of job cuts in five months. The startup has replaced traditional salaries with a performance-based pay system and an Equity Share Option Plan (ESOP).
Exclusive: Vendease cuts 120 jobs in second round of layoffs
Vendease has implemented its second round of layoffs in five months, impacting 120 employees. The layoffs represent 44% of the company's staff as part of a restructuring effort.
Moove acquires Brazilian startup Kovi to expand Latin American operations
Moove acquires Brazilian car rental startup Kovi in an all-share deal. Moove officially expanded to Mexico in October 2024.
