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Tanzania Fintech Startup Nala Secures $40 Million via Series A Round 


Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding...

Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round


The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s Strategic Partnerships The Egyptian fintech startup Sahl...

Squads Labs Raises $10 Million in Series A Round, Launches Fuse Smart Wallet


Squads Labs, the team behind the Squads Solana-based smart accounts protocol, the Squads app, and the smart account-enabled wallet Fuse, announced it raised $10 million in its Series A funding round. Led by Electric Capital, the funds will be used to improve the functionality of already existing...

Report: Kraken Considers IPO Amid Renewed Investor Interest


Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived...

DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs


API3, a service that provides DeFi data feeds to blockchain-based smart contracts without relying on a third party, has raised $4 million in a funding round led by DWF Labs. The post DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs appeared first on Cryptonews

NodeOps Raises $5 Million in Seed Round to Transform Node Infrastructure


NodeOps has secured $5 million in seed funding led by L1D with participation from Blockchain Founders Fund and Finality Capital to enhance and simplify blockchain node deployment and management. The post NodeOps Raises $5 Million in Seed Round to Transform Node Infrastructure appeared first...

Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT


On May 26, Elon Musk's AI business, xAI, completed a successful $6 billion Series B fundraising round. Saudi billionaire Prince Alwaleed Bin Talal, Sequoia Capital, Andreessen Horowitz, and Vy Capital were among the participants in the most recent Series B investment. The post Elon Musk’s...

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