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Payday, a Pan-African financial technology company has raised one million dollars in pre-seed funding to build out what they believe
Unlike typical investors whose focus is getting sweet ROI, MAGIC Fund looks out for how much value they can drive for startups invested in.
Magic Fund closes $30m second vehicle, backs four Asian startups in last three months Photo: Alexander Schimmeck / Unsplash Premium Magic Fund, a global venture fund established by a collective of founders-turned-investors, has closed its second vehicle at around $30 million, its Southeast Asia general partner Hendra Kwik told DealStreetAsia. Besides other geographies, the fund will target startups in South and Southeast Asia, said Hendra adding that Magic Fund recently made four investments in Asia in the last three months . Contact us for corporate subsc...
Court Hands Down Split Decision in KeyCorp Excessive Fee Lawsuit A federal judge moved forward claims of excessive administrative and managed account fees but dismissed claims regarding KeyCorp plan’s stable value fund option. Reported by Parts of a lawsuit alleging fiduciaries of the KeyCorp 401(k) Savings Plan allowed plan participants to pay excessive administration and managed account fees and retained a stable value investment option when it was imprudent will move forward, while some claims were dismissed. Plaintiffs in the lawsuit filed last summer allege that the defendants breached...