Zanifu raises $11.2M to scale its inventory financing offering in Kenya

August 21, 2023
Zanifu, a Kenyan fintech providing inventory financing to micro, small and medium-sized businesses, has raised $11.2 million debt-equity funding in a pre-Series A round led by Beyond Capital Ventures and Variant Investments. Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and existing investor Launch Africa also participated in the round. This brings total debt-equity […]

The ice cores that will let us look 1.5 million years into the past

August 21, 2023
Moving quickly and carefully in two layers of gloves, Florian Krauss sets a cube of ice into a gold-plated cylinder that glows red in the light of the aiming laser. He steps back to admire the machine, covered with wires and gauges, that turns polar ice into climate data.  If this were a real slice…

Jio Financial Services, Reliance’s $20 billion spin-off, makes market debut

August 21, 2023
For years, the Indian market has been anticipating for a public debut of Reliance Retail and Jio Platforms. But in a surprise late last year, Mukesh Ambani, Asia’s richest man and chairman of conglomerate Reliance Industries, found a different offering — a little known non-bank financial subsidiary — to offer to the market. That offering, […]

Vinfast takes a wild ride, a robotaxi fallout brews and the IRA one year later

August 20, 2023
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. […]