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Issue 142
Aug 01 - Aug 07, 2022

Hi there,

My excitement about the return of the English Premier League was very short-lived as Man United suffered an opening day defeat to Brighton. This is going to be a long season for Erik Ten Hag, his players, and the fans. If we can’t get reinforcements (and frankly replacements) for key positions in the squad, then I might be looking for a new football club to support by January.

Who am I kidding? Glory, Glory Man United! (For now)

Enjoy the rest of the week!

Tochukwu Ironsi
Market Intelligence Specialist, Paystack
South AfricaTymeBank acquires Retail Capital. TymeBank, a South-African digital bank, is set to acquire Retail Capital, a business that provides loans to SMEs. With this acquisition, TymeBank will be able to expand its business banking operations and acquire new users. PYMNTS
GlobalHow does BNPL actually work? An informative primer on the different forms of Buy Now, Pay Later (BNPL) financing. Fintech Fundamentals
AfricaYouVerify raises $1m seed extension. YouVerify, an identity verification service for fintechs, with operations in Ghana, Cote D'Ivoire, South Africa, Kenya, and Uganda, has extended its previous seed round by $1 million. This brings the total seed funding raised to date to $2.5 million. The round was co-led by Orange Ventures and LoftyInc Capital Management and will be used to expand into more African countries and drive product development.  Disrupt Africa
KenyaLami completes a $3.7 million seed extension. Kenya's Lami has also extended its seed round by $3.7 million. Investment into the digital insurance startup was led by Harlem Capital and will be used to explore new businesses, develop new products, and expand into new markets. TechCrunch
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