Make way for the unicorn! 🦄

We're back cos you have to hear this. 10 MARCH, 2021 IN PARTNERSHIP WITH Good morning... again ☀️ ️ If any day was special enough to require two newsletters, this is it! After all, It’s not every day that one of the continent’s most innovative startups becomes a unicorn. So what's new: - Africa has another unicorn - A big move - YouTube, but with taxes The $1 billion club Flutterwave [announced]( this morning that it has completed a $170 million Series C fundraise. What’s important about this? The current raise, led by Tiger Global and the New York-based private investment firm Avenir Growth Capital valued Flutterwave at over $1 billion. It makes Flutterwave Nigeria’s third unicorn after Interswitch and the e-commerce company, Jumia. But what’s really impressive about this is how quickly Flutterwave joined the small club of unicorns - under 10 years. What’s next? The company isn’t shy about talking exits and CEO Olugbenga Agboola says that a public listing in the U.S is something they’re thinking about. While that is talk for the future, right now, Flutterwave is going to use the new funding to take a stab at their big goal: becoming a global payments company. It’s a big goal for the company but no one’s going to be betting against them. PARTNER CONTENT Want to get smarter about fintech in Africa? Listen to the Decode Fintech Podcast by Paystack! How do you leverage customer interactions to grow your business? In this episode, Paystack's Customer Success Manager shares the key metrics he tracks, the tools his team uses, how to turn unhappy customers into brand advocates, and how Paystack uses customer service data to improve the product. ▶️ [Listen to Episode 3: How Paystack Drives Growth with Customer Service]( A big move Teju Ajani, Google’s Nigeria head for Android has made a big move to Apple. Teju, who joined Google in 2018 has also held various leadership positions in YouTube as Head of Content Partnerships in sub-Saharan Africa, and Oracle as Principal Product Manager. It is noteworthy that Ajani's will be Apple’s first African top-executive appointment and it may suggest that Apple, which doesn’t have an official store on the continent may now be ready for a focus on Africa. [Read more about what her appointment could mean.]( EVENTS The questions around data and technology implicate us all and they are more urgent than ever. Join us and the World Ethical Data Forum in defining the most crucial discussion of our time on March 17-19 at the digital edition of the World Ethical Data Forum 2021. Buy your tickets for the 3-Day Digital Event [here](. Exclusive Promo Code: BIGCABAL20 The WEDF is also inviting individuals & organizations to act as patrons for this year’s forum. For more info, [visit the event website here]( Youtube will now take taxes This is news content creators will frown at; YouTube will now be deducting U.S taxes for all creators on its platform. If you’re about to say, “but I don’t live in the U.S,” you should know it doesn’t matter because YouTube will collect the taxes all the same. Here’s the notice from YouTube: “We’re reaching out because Google will be required to deduct U.S taxes from payments to creators outside of the U.S. later this year (as early as June 2021). Over the next few weeks, we’ll be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply. If your tax info isn’t provided by May 31, 20201, Google may be required to deduct up to 24% of your total earnings worldwide.” What’s behind this change? Put simply, the U.S. government. Chapter 3 of the U.S. Internal Revenue Code obligates Google to collect tax info from all monetizing creators outside of the U.S. and withhold taxes when income is earned from viewers within the U.S. That means that only income earned from viewers within the United States will be affected. And that's all folks! HELP SHARE THIS! - - - - - mailto:info@example.com?&subject=&body= Written by - Olumuyiwa Edited by - Edwin Madu Advertise To advertise with us, send an email to [ads@bigcabal.com](emailto:ads@bigcabal.com) [View this email in your browser]( You are receiving this email because of your relationship with TechCabal. Please [reconfirm]( your interest in receiving emails from us. If you do not wish to receive any more emails, you can [unsubscribe here](. This message was sent to {EMAIL} by newsletters@techcabal.com 18 Nnobi Streeet, Surulere, Lagos, Lagos 101283, Nigeria [Unsubscribe from all mailings]( [Unsubscribe]( | [Manage Subscription]( | [Forward Email]( | [Report Abuse]( ?p=500289