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Diaspora Co. raised capital only from angel investors

– Spice strategy. The best journalism often comes from topics that writers are personally passionate about—an obsession they have, or a question they can’t stop thinking about. That’s what happened for my colleague Jessica Mathews and her new Fortune story about Diaspora Co. The 8-year-old startup now pulling in “mid-millions” per year sells high-quality spices … Read more

Stripe’s former growth lead helps African diaspora invest in startups, real estate

When Joe Kinvi joined Touchtech Payments in 2017 as head of finance, the Irish startup couldn’t afford his full salary. So he negotiated for stock to make up the difference. Eighteen months later, Stripe acquired the company, and that equity converted into Stripe shares, enough to let Kinvi leave his job, bootstrap a side project, … Read more

Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an … Read more

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