On the M&A front, Binny Bansal-backed ed-tech platform BrightCHAMPS, announced the acquisition of Singapore-headquartered Schola, a live-learning platform for kids to gain communication and English skills, in a $15 million cash and stock deal.
The Bengaluru-based company said that it will use the funds to expand its product, content, and care delivery teams, strengthen and diversify its product portfolio, and scale across omnichannel GTMs with a distribution-first approach.
By Adedapo Adesanya Nigerian gig economy fintech startup, ImaliPay, has raised a $3 million seed round to deepen its financial services infrastructure across Nigeria and its other Sub-Saharan present markets – Kenya and South Africa. The seed round includes participation from Leonnis Investments, a follow-on from Ten