EMEA Day by day: Nigerian Startup Pastel Raises $5.5M

In in the present day’s prime tales from Europe, the Center East and Africa, the rising Nigerian digital bookkeeping firm Pastel raised over $5 million to develop its enterprise bookkeeping administration companies.

Revolut Wins Crypto Approval Throughout Europe

Revolut, a digital financial institution primarily based in London, has gained approval from regulators in Cyprus to supply cryptocurrency-related buying and selling companies, a transfer that can let Revolut conduct retail crypto transactions throughout the European Union and in addition in Iceland, Lichtenstein and Norway.

The Cyprus Securities and Trade Fee indicated on its web site that Revolut has been given permission to have interaction within the trade between crypto-assets and fiat forex; trade between crypto-assets; “safekeeping” or administration of cryptographic keys; receipt of transmission orders for crypto; and different companies.

Beneath EU rules that already, or are quickly anticipated to, govern use of cryptocurrencies, an organization discovered to be appropriate to do enterprise in any EU nation might conduct comparable enterprise wherever within the area.

Nigerian Startup Pastel Raises $5.5M for Small Enterprise Companies

Pastel, a Nigerian service provider platform and bookkeeping startup previously referred to as Sabi Money, has raised $5.5 million in a seed financing spherical along with the $620,000 in pre-seed funding it raised in 2021.

The corporate’s most important product is Sabi, a digital bookkeeping app designed for small and midsized companies (SMBs), the report said. Customers can monitor and handle their transactions and clients, see money stream insights, ship receipts and handle clients who owe them.

Pastel doesn’t bundle its options into one app. Its different merchandise, Fast Receipt and Pastel Financing, stand alone.

UAE Startup Dukkantek Raises $10M to Develop Retail POS System

Dukkantek, a supplier of retailer administration platforms, primarily based within the United Arab Emirates, introduced it has raised $10 million in pre-Sequence A funding.

The corporate, which focuses on small and medium-sized retailers, stated in an announcement that it’s going to use the funding to develop within the EMEA area. The corporate already has 13 million retailer shoppers within the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia.

The most recent funding, based on Dukkantek, comes from BECO Capital, Rocketship and Colle Capital in addition to Comma Capital, AMK Funding Workplace, Chaos Ventures and Wamda Capital.

Digital Receipt Agency ReceiptHero Joins Visa Fintech Accomplice Join

ReceiptHero, which helps firms digitize the customer-receipting course of, has joined the Visa Fintech Accomplice Join program, which helps join Visa shoppers in Europe with tech suppliers which have undergone particular vetting.

The partnership strengthens the corporate’s relationship with Visa and gives entry to new markets in Europe.

“Partnerships is a core a part of what we do, and Visa’s Fintech Accomplice Join program permits us to achieve extra Visa shoppers and companions in attaining next-level platform progress,” ReceiptHero Chief Working Officer Chris Moore stated.

EMEA Day by day: Nigerian Startup Pastel Raises .5M

New PYMNTS Research: How Customers Use Digital Banks

A PYMNTS survey of two,124 US customers reveals that whereas two-thirds of customers have used FinTechs for some facet of banking companies, simply 9.3% name them their main financial institution.

We’re all the time looking out for alternatives to accomplice with innovators and disruptors.

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