It’s official: $4.9M raised to build the OS for finance and money in emerging markets.
Led by @FlourishVC, joined by @Visa, @lavavc_ , @TLcomCapital, @AntlerGlobal, @MushaVentures, 4DX Ventures and more.
Grateful. Humbled. Excited.
4 years ago, I built @honeycoinapp from my bedroom during COVID.
Today, we move $150M+ every month across 100+ countries. This is the first time we're talking about our journey ever. 🧵 1/
Your CEO should be strong.
Your CTO should be wise.
Your COO should be wicked, cunning, of mysterious origins, fluent in the dark arts, blurry in pictures,
Schwab Crypto™ accounts are now being rolled out to retail clients.
Starting today, the first group of clients can trade Bitcoin and Ethereum at Schwab, right alongside their other investments.
Sign up for updates and a chance to get early access: https://t.co/ELe1HWHS8Y
Strip out trading, treasury flows, and exchange mechanics and you're left with $350–550B in real stablecoin payments last year.
B2B leads on volume, but every segment is expanding fast.
Only 11% of investors have ever backed a Seed winner that crossed $100M in revenue.
Just ~1.5% of VC-backed startups ever reach $100M+ in revenue, so backing even one is rare.
Of the 19,581 investors in our dataset, 17,445 (89.1%) have never done it; another 8.2% have done it exactly once.
Just 25 investors — the top 0.13% — have produced 11 or more such winners. That handful drives a disproportionate share of venture returns.
Explore the full ranking: https://t.co/IDpHdVS58F
African Governments are not ready for the wave of AI Assisted attacks that will continue to happen, the very institutions we expect to protect citizens data will become shopping malls for attackers and buyers on the dark web. The worst part is it will only get worse before it gets better.
Nigeria 🇳🇬 - The Chartered Institute of Bankers of Nigeria has allegedly suffered a data breach exposing a 250GB database containing members' personal information, identification documents, and source codes. https://t.co/obbjhdC1y9
In my teens and 20's I would spend way too much time playing Starcraft and Civilization. Harvesting resources, building things, and expanding was super addictive to my brain - to an almost unhealthy degree.
Later I realized that entrepreneurship and business is the ultimate game. It scratches the same itch for me (resources, building, expanding), but you're actually contributing to humanity at the end of the day, which can be much more fulfilling.
Business is also much more positive sum than video games. In Starcraft, the other player has to lose for you to win. In business, there is competition, but in a growing market there can be multiple winners. And gains compound long term (it's a infinite game) instead of starting over each time.
Now days I prefer to watch pros play video games to unwind, instead of playing video games myself. But a quick game can still be fun here and there to unwind. By contrast, the game of business is played over many decades.
Didn’t cover this as much in the substack piece but ByteToBreach posted every personal information you can imagine of Sterling Bank’s CEO including his home address and the loans he had collected.
Two years after selling a majority stake in @HisaApp, one promise @eldivine and I made was to significantly improve the trading experience—and today, we’re proud to launch Hisa 2.0 for users in Kenya and Nigeria.