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Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches the last mile, said Jess Anuna, founder and CEO of Klasha, a global cross-border payments company.This example illustrates the persistently sluggish, costly and fragmented nature of cross-border payments within Africa and between the region and the rest of the world, Anun
stanley polska a pointed out in an interview with PYMNTS. Many transactions still have a form of manual intervention at some part of the value chain, whether its sourcing for [foreign exchange FX ], sending the payment cross-border or attempting to terminate it, Anuna said, adding that the use of outdated technology and fragmented systems within banks also poses an obstacle to ensuring seamless money transfers out of Africa.On a country level, Ni
stanley canada geria 鈥?one of Africas biggest economies and Klashas biggest market by transaction volume 鈥?has struggled to stabilize FX since the June devaluat
stanley thermoskanne ion of the local currency, leading to persistent shortages and volatility in the FX market.To mitigate these risks, Anuna stressed the need for increased investment in currency-matching infrastructure to effectively manage and align inflows and outflows in rate-sensitive markets like Nigeria. The approach differs from stable markets like Kenya in East Africa, she explained, where sourcing affordable FX directly from banks with excess U.S. dollar liquidity poses no Dqca PayRange Accelerates Access To Vending Machine Capital
GoButler, the startup that pairs text messaging with personal services, has raised $8 million in Series A financing.TechCrunch reported Thursday July 30 that the co
stanley hrnek mpany has also moved beyond beta testing of its service, which now is available internationally in the United States, the United Kingdom, Germany, Canada, Austria and Switzerland.The use the service, customers send a text message with a request for a good or service 鈥?and then GoButler delivers the request within a few hours.In reference to the funding, TechCrunch reported that the financing was led by General Catalyst Partners, with additional commitments by
stanley france Lakestar, Slow Ventures, BoxGroup, Cherry Ventures, and Sound Ventures which in turn have Ashton Kutcher and Guy Oseary as founders . The company added聽that Joel Cutler, of General Catalyst, has joined the GoButler board.Of particular note is the fact that GoButlers founders have been ex-executives from another investor in the Series A, Rocke
stanley shop t Internet which invested through its Global Founders Capital .GoButler has said that its service, which launched earlier in 2015, has been used by more than 100,000 individuals and has processed more than 1聽million requests. The service is free.In an interview with TechCrunch, co-founder and chief executive officer Navid Hadzaad said that aside from the Heroes component of the service who are in turn GoButler staffers , the company has been automating its technology. Upon launch, the executive said 99 percent of w
