#$141

Slack Discloses $141 Million Loss as Messaging Start-Up Joins Tech Listing Rush

SAN FRANCISCO — Slack, the workplace messaging start-up, disclosed the details of its business in an offering prospectus on Friday as it joined the parade of tech companies that plan to publicly list their shares this year.

Sharing its financial results widely for the first time, Slack said that it collected $ 400.6 million in revenue in its latest fiscal year, which ended Jan. 31. That was ne…

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New fund puts $141 million toward digital finance in the developing world

Digital finance could completely reshape the economies of the developing world. Everyone in fintech knows that. But no one funding startups has ever devoted their full attention to serving people outside the traditional financial system — until now.

Accion and Quona Capital this week launched the Accion Frontier Inclusion Fund, which devotes $ 141 million to using financial technology in order to reach people without bank accounts, credit cards, insurance or access to loans.

The Frontier Inclusion Fund will use its millions to support innovations in alternative credit and payments, finance for small business, and tech in the insurance industry.  Read more…

Accion Frontier Inclusion Fund announces final close of $141 million

Mumbai: Accion Frontier Inclusion Fund, a global fintech fund managed by Quona Capital, on Monday announced a final close of $ 141 million, the company said in a statement. A final close is the final threshold for fund raising, after which no new investors can participate in the fund. The Accion Frontier Inclusion Fund invests in companies that innovate to expand access to financial services to…