Wave brings some science and sanity to the business of mental health

The kids aren’t alright. According to the founders of Wave, 75% of Gen Z is struggling with their emotional well-being. To be clear — not all of them are meeting the criteria for diagnosable mental health illnesses, but they do need a bit more than a firm handshake and a “keep going, son.” That’s the […]

FSD Africa expands insurtech accelerator program to Ghana and Nigeria

Most people in Africa wish to utilize various insurance products but are often deterred by the associated high premiums. It is, therefore, not surprising that insurance penetration across the continent remains marginal, with reported premiums per capita being 11 times lower than the world average, according to a McKinsey study. But the market might soon […]

Creator-driven marketplace LTK now valued at $2B after raising $300M from SoftBank

When LTK launched in 2011, phrases like “influencer marketing” or “the creator economy” weren’t common, but fashion blogger Amber Venz Box faced the same struggles that internet personalities face today. How do you convert unpaid hours writing posts, shooting photos, editing videos and building a following into a viable career? Amber Venz Box started LTK […]

Netflix to acquire German visual effects studio behind ‘Stranger Things’ and more

Netflix is acquiring Munich-based visual effects studio Scanline VFX for an undisclosed amount. The company expects the deal to close in the first quarter of 2022, subject to regulatory approvals and closing conditions. Scanline has done work on several Netflix originals, including “Stranger Things” and “Cowboy Bebop.” The studio has also provided special effects for […]

Niantic raises $300M at a $9B valuation to build the ‘real-world metaverse’

Niantic, the augmented reality platform that’s developing games like Pokémon GO, raised $300 million from Coatue, valuing the company at $9 billion. The San Fransisco-based startup, which initially spun out of Google, will use this money to build what it calls the “real-world metaverse.” As early as August, Niantic founder and CEO John Hanke has […]

South Africa’s Mobiz nabs $4M to expand personalized SMS marketing into the US

Mobiz, a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. The investment comes as the startup is ramping up efforts to expand into the U.S. and double down on marketing, sales and […]

Klarna offers ‘Pay Now’ option in US, Klarna Card coming soon

U.S. consumers now have the choice to use Klarna’s “Pay Now” service to pay immediately and in full at any online retailer where Klarna is available. This adds to the global retail bank, payments and shopping giant’s stateside offerings, where Klarna has doubled its customer base to more than 21 million customers. In addition to […]