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Viruses found in bats in Laos are the closest known relatives of SARS-CoV-2

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A researcher discovered coronavirus According to news reports, he is hiding in a Laotian bat that appears to be the closest known relative of the previously discovered virus that causes COVID-19, SARS-CoV-2.

In a new study, researchers from the Institut Pasteur in France and the University of Laos captured 645 bats in a limestone cave in northern Laos and looked for viruses associated with SARS-CoV-2. They found three viruses (named BANAL-52, BANAL-103, and BANAL-236) that infected horseshoe-shaped bats and shared over 95% of the entire genome with SARS-CoV -2.

Viruses found in bats in Laos are the closest known relatives of SARS-CoV-2 Source link Viruses found in bats in Laos are the closest known relatives of SARS-CoV-2

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Ventures Platform and Hustle Fund back Nigerian fintech Brass in $ 1.7 million round – TechCrunch

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SMEs represent over 95% of all Nigerian businesses. However, despite their size and importance, most of them are underserved by financial institutions and lack the full range of financial services needed to expand their operations.

Aside from complete financial needs including credit and small business Obligatory Other important resources to understand their financial operations.

Brass is a Nigerian fintech that addresses these challenges by providing banking services to small businesses. The company has secured $ 1.7 million in funding to expand its services to “local entrepreneurs, traders and fast growing businesses.”

Sora Akindle When Emmanuel Okeke Brass was created in July 2020. Before Brass, CEO Akindolu Kudi’s product manager, backed by YC, and CTO Okeke were CTO of Paystack, a Stripe subsidiary.

Akindle’s work at Kudi has focused on the issues facing SMEs in Nigeria...He said these companies pay sellers, transfer funds and Globally Company health.

But why start with brass when you have an existing product in the Nigerian market that can be used by small businesses and entrepreneurs? Shining For example, we offer both personal and business banking services (priority is given to the latter).. Neobank for carbon consumers When Hisada Has different stages of providing business functions to SMEs.. Pro Spa, a company supported by YC, I don’t want to think of myself as an online bank, so I also offer software and banking services to micro-businesses and the self-employed.

Akindolu believes that while these products have an entry point into the SME market, they do not meet the overall needs of banks in companies like Brass.

“There are a lot of ways that money can flow out of the business, like payroll, vendor payments, invoicing, and so on. We want to support the cash flow of a business. We support them in these areas and the money is flowing. We want to keep going and allow them to keep growing their business, ”Akindle said of Brass’s app. “That’s what we do most of the time in Brass today. We support our financial operations and our treasury... “

Brass was wrapped up in a professional bank account, which included credit and payment services, payroll and expense management, API support, cash flow analysis, team and contact management, point of sale. sales, debit cards, credit cards and other basic business services. We offer a series of products. ..

Among all these characteristics, Brass makes a big bet on the achievements of Brass Capital. This space is already heating up on other platforms such as: float Provides working capital and software services to businesses. That said, Brass Capital has seen great success in a short period of time. Cash Flow Finance Services claims that 20 Brass private beta clients paid more than $ 2 million in credit after using it for six months.

Akindolu told TechCrunch that the company will be opening the service to the public soon...

According to Brass, many customers use the platform as their default currency trading service provider... FinTech makes money by offering credits and API calls in its regular product offering, the CEO said...

From schools and shopping centers to restaurants and fintechs like Eden and Mono that use complete banking solutions, we have more than 5,000 customers. And youLike any other platform, Brass seeks to simultaneously optimize the platform for different levels of activity with different needs.

“What we’re trying to do is build a financial services stack. We may be overkill for small business. They may find us unnecessary, so I’m more interested in SMEs. “

According to founder and general partner Kola Aina, the mission of making banking services for SMEs work was one of the reasons pan-African venture capital firm Ventures Platform invested in the business.

Other investors include Flutterwave CEO Olugbenga “GB” Agboola, Paystack co-founder Ezra Olubi, the Hustle fund, Acuity Ventures and the hedged fund.

Previous supporters include Olumide Soyombo Capital Voltron, Leonard Stiegler and Fola Olatunji-David.

“we Excited Support the Sora and Brass teams, which provide important financial technology to businesses in Africa, including Nigeria In regards to “41.5 million businesses,” said Elizabeth Inn, general partner of Hustle Fund.

it’s not Nevertheless In Nigeria, access to full banking services remains one of the most important constraints for SMEs and is the largest economy in Africa. Indeed, the formal SME sector on the continent has an annual financing gap. $ 136 billion Although they represent over 80% of employed people.

For this reason, Akindolu has confirmed that Brass will use part of its funds to expand into Kenya and South Africa by next year (the former has been incorporated). Key to promoting expansion plans across Africa Flutterwave, the one-year-old company said in a statement. Brass also plans to diversify its customer base by launching more product categories, including a focus on credit. This market.

Ventures Platform, Hustle Fund back Nigerian fintech Brass in $ 1.7 million round – TechCrunch Source link Ventures Platform, Hustle Fund back Nigerian fintech Brass in $ 1.7 million round – TechCrunch

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Kitchenful meal planner startup raises $ 1.9 million from VentureFriends, Goodwater Capital and Jabbar – TechCrunch

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With the pandemic making us delivery specialists, consumers have switched to in-car meal kits, given the combination of delivery and home cooking. However, many diet kits can be rigid.

German startup Kitchenful made this possible, allowing users to browse recipes from food bloggers and create personalized meal plans that can be tailored to their tastes and dietary needs. Another product from Kitchen Full is that it tries to be just as affordable. I wrote earlier this year ..

After successfully completing the Y-Combinator Summer 2021 program, we raised $ 1.9 million in fundraising from VentureFriends, Goodwater Capital and the Jabbar Internet Group.

Former investors include Y-Combinator, Valentin Stalf (co-founder and CEO of N26), Samih Toukan (co-founder of Souq), David Fischer (HighSnobiety), Maik Ludewig (DurstExpress MD) and Victor Henning. (Co-founder of Mendeley).

Co-founders Chris Schiller and Christian Hartung are currently planning to expand into the EU and North America.

Schiller previously spent four years as vice president of products at HelloFresh, and he and Hartung were previously on Rocket Internet.

Schiller said: “We believe that cooking at home should be simple, enjoyable and personal. But in today’s world, “what is dinner? Is always a nerve-racking and grocery question. Shopping takes the time and energy of millions of people every day. We are correcting this with new services and the ambition to become the # 1 home cooking brand in the United States and Europe. “

Apostolos Apostolakis, co-founder and partner of Venture Friends, said: With very relevant experience with its founder, Kitchenful is in a promising position to become a leading home cooking brand. “

Kitchen Full may encounter strong opposition from other new players in this Lollipop space etc …

Meal Planner Startup Kitchenful Raises $ 1.9 Million from VentureFriends, Goodwater Capital and Jabbar – TechCrunch Source Link Meal Planner Startup Kitchenful Raises $ 1.9 Million from VentureFriends, Goodwater Capital and Jabbar – TechCrunch

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Trump launches his own social media platform, TRUTH Social – TechCrunch

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Former US President Donald Trump announced on Wednesday that he will be launching his own social media platform, TRUTH Social. Press release According to Trump Media and Technology Group (TMTG).

Trump’s new social network will be in beta in November. The beta version is only available to guests. According to the press release, its nationwide rollout is scheduled for the first quarter of 2022.

Trump has demonstrated his desire to build a rival social media platform after being kicked from multiple social media platforms. Earlier this year, major social media companies including: Twitter, Facebook, When YouTube After the attack on Capitol Hill on January 6, Trump was banned or suspended for violating their policies.

“I created TRUTH Social and TMTG to face the tyranny of Big Tech. We live in a world where Tullivan has a lot of Twitter presence, but your favorite US president is It’s Silent, ”Trump said in a statement.

Mr Trump said the company’s mission was to “create rivals for the liberal media consortium and fight big tech companies.”

The TRUTH Social app will be launched by a new company formed by the merger of Trump Media and Technology Group and Nasdaq-listed Digital World Acquisition Corp, the statement said.

(By the way, TRUTH’s iOS app marketing material shows a screenshot with a list of posts from publications like The New York Times, Variety, Fox News, TechCrunch, etc. The headline next to the logo is This one has never been seen on the site and is posted on TechCrunch. I don’t have a TRUTH account.)

Trump Launches His Own Social Media Platform, TRUTH Social – TechCrunch Source Link Trump Launches His Own Social Media Platform, TRUTH Social – TechCrunch

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