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Entrepreneurship

Intuit to Acquire MailChimp

Combination Accelerates Intuit’s Vision to Provide an End-to-End Customer Growth Platform for Small and Mid-Market Businesses MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, today announced that it has agreed to acquire Mailchimp, a world-class, global customer engagement and marketing platform for growing small and mid-market businesses. The planned acquisition of Mailchimp for approximately $12 billion in cash and stock advances Intuit’s mission of powering prosperity around the world, and its strategy to become an AI-driven expert platform. With the acquisition of Mailchimp, Intuit will accelerate two of its previously-shared strategic Big Bets: to...
Entrepreneurship

Wave raises $200 million the Largest serie A fund ever in Africa

wave fintech Valuing the independent mobile money provider at $1.7 billion, the landmark Series A round was led by Sequoia Heritage, Founders Fund, Stripe and Ribbit. While similar in functionality to PayPal, the Wave App does not require that customers have a bank account and instead runs a network of 'agents' (small local businesses) who use their on-hand cash to service Wave users.On the announcement, CEO and founder Drew Durbin commented: “From day one, we’ve been relentlessly focused on building mobile money that's easy-to-use and radically affordable. We've built something people love in Senegal, but that's only the beginning --...