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.
Uber-backed mobility fintech Moove acquires Brazil’s Kovi, takes ARR to $275M
Moove acquires Kovi, a Brazilian urban mobility provider. The acquisition is an all-share transaction, with Kovi now wholly owned by Moove.
Investors in African startups drop to lowest numbers since 2021, says report
Number of investors in financing deals over $100,000 dropped to about 520 in 2024 from over 850 in 2021. Active investors participating in more than ten deals of $100,000 fell from 28 in 2022 to 8 in 2024.
Waza launches Lync to empower African startups with cross-border payment solutions
Waza secures $8 million in funding to launch Lync. Lync supports transactions in over 100 countries and various currencies.
