Startup World

When Joe Kinvi joined Touchtech Payments in 2017 as head of financing, the Irish start-up couldnt afford his full wage.
He worked out for stock to make up the distinction.
Eighteen months later, Stripe acquired the business, which equity transformed into Stripe shares, enough to let Kinvi leave his job, bootstrap a side job, and eventually found a startup.That startup, Borderless, is now helping Africans in the diaspora collectively purchase start-ups and realty back home.
Because launching in beta last year, the U.K.-based platform has processed over $500,000 in deals.
The diaspora sends out billions of dollars in remittances, however really little of it enters into productive properties, Kinvi stated.
We think that there is a world where, if we can bring the ideal cumulative to the best type of financial investment opportunities, itll make it a lot much easier for them.Kinvis journey to Borderless began in 2020, simply as the pandemic hit.
He and a group of good friends formed Hoaq, an investment club that pooled little checks from regional and diasporan angels into African startups.Their first obstacle was simply opening a savings account.
Banks flagged their activity, and their account with Wise was repeatedly frozen.
Other hurdles quickly followed: currency mismatches, regulatory requirements, and accreditation guidelines that made collective investing a legal and logistical headache.To handle the complexity, the group utilized membership fees to hire an attorney to handle the paperwork by hand.
Ultimately, Hoaq constructed light automation into its workflow, an experience that laid the foundation for Borderless.
Hoaq has actually invested in companies such as LemFi, Bamboo and Chowdeck.By 2022, Kinvi had actually left Stripe, where he had actually transitioned into a product and development function and later spent a year at Paystack, another Stripe subsidiary, assisting scale financial collaborations across Africa.When he went back to the issue that had formed Hoaq, he developed a tool that digitized everything from onboarding to disbursement.
What began as an internal service quickly gained outside interest.
Other collectives wanted access, not just for start-up deals but for realty and other assets.Today, Borderless offers the backend facilities for diaspora collectives, permitting them to onboard members, accept cross-border payments, and release capital securely.There are over 100 communities on its waitlist, according to the startup.
Nevertheless, over the past number of months, the collectives currently survive on the platform have actually backed more than 10 startups and two property projects in Kenya, with minimum financial investments of $1,000 for startups and $5,000 for property.Borderless runs under U.K.
regulatory cover, permitting it to market financial investment chances to diaspora members without breaking securities laws.
In the meantime, it focuses on 2 possession classes, startups and property, but Kinvi sees room to broaden into others, consisting of film and diaspora bonds.In developing that the most fundamental part of the Borderless model is trust, Kinvi is blunt about why many diaspora financiers think twice to release capital: too many have lost money attempting to invest informally through family or friends.
Somebody I understand sent 200,000 home to build a home, he said.
The house was never ever built.To address this, Borderless paths investor funds straight to validated sellers, escrow accounts, or attorneys.
No cash flows through the hands of cumulative managers.
Legal and compliance checks are embedded into the process, and all opportunities need approval under the platforms regulatory umbrella.Borderless earns profits through deal charges as well as a cut of subscription charges and FX spreads.
Over time, it might layer on remittance items, payment fees, and possession management tools.The bigger opportunity, Kinvi argues, depends on opening the $30 billion in migrant savings that sit idle every year.
While remittance platforms like Zepz, Taptap Send, LemFi and NALA dominate the space of taking some of that refund home, couple of have built for long-lasting investing (that may alter in the coming years with recent relocations from some players).
That message has resonated with local investors.
Borderlesss backers consist of DFS Lab, Ezra Olubi (Paystack CTO), Olumide Soyombo, and executives from Stripe, Google, among others.
Numerous are not just investors, however also users of the platform.For Kinvi, the mission for Borderless, which raised $500,000 in seed from these financiers, is as much about identity as returns.
Most Africans in the diaspora want to return home at some point, he stated.
To do that, they require a way to invest safely and with confidence at scale.
Thats what were building.Still, scaling wont be easy.
Borderless current vetting model relies heavily on pre-existing relationships and understood collective heads.
As it grows, it will need robust identity verification, fraud detection, and legal tooling to prevent ending up being a target for bad actors.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Tesollo to present humanoid robot hand at AI for Good Global Summit 2025


The curious rise of giant tablets on wheels


Rocket Report: Japan’s workhorse booster takes a bow; you can invest in SpaceX now


World-first: DJI drone movies whole Everest path in one go


DJI’s ultimate phone gimbal gets early Prime Day discount


SEW-EURODRIVE now assembles planetary gear units in the U.S.


Ready-made stem cell therapies for pets could be coming


Supplier of concealed security app spills passwords for 62,000 users


Judge: You can’t ban DEI grants without bothering to define DEI


Meta's AI superintelligence effort sounds just like its failed metaverse


The Last of Us co-creator Neil Druckmann exits HBO show


2025 VW ID Buzz review: If you want an electric minivan, this is it


Man’s ghastly festering ulcer stumps doctors—until they cut out a wedge of flesh


xAI data center gets air authorization to run 15 turbines, but imaging reveals 24 on site


Sky Elements Drone Show Aims for World Records on July 4 Celebrations


Quantum Systems and Fraunhofer FHR to Integrate State-of-the-Art Radar Technology into UAVs


The Number Of P-51 Mustangs Are LeftThe newest survivor census maintained by the lover site MustangsMustangs pegs general numbers at 311 complete airframes. Of these, 29 remain in long-lasting storage, 54 remain in active restoration hangars, 159 are sti


Buyers still waiting: DJI drones face ongoing US Customs snag


How to Set Up a Planetary Gear Motion with SOLIDWORKS


Intuitive Surgical obtains CE mark for da Vinci 5 robot


Pittsburgh Robotics Network introduces Deep Tech Institute for Leadership and Innovation


Cluely’s ARR doubled in a week to $7M, founder Roy Lee says. But rivals are coming.


Who is Soham Parekh, the serial moonlighter Silicon Valley startups can’t stop hiring


Stripe’s first employee, the founder of fintech Increase, sort of bought a bank


Why Cloudflare desires AI business to pay for content


Pinwheel introduces a smartwatch for kids that includes an AI chatbot


Castelion is raising a $350M Series B to scale hypersonic rocket service


Tighten up your cap table with Fidelity, Cimulate, and DepositLink at A Technology NewsRoom All Stage 2025


Writer CEO May Habib to take the AI Stage at A Technology NewsRoom Disrupt 2025


Israeli quantum startup Qedma just raised $26M, with IBM joining in


TikTok is being flooded with racist AI videos created by Google's Veo 3


Whatever that might go wrong with X's new AI-written neighborhood notes


New proof that some supernovae may be a double detonation


Rice might be essential to developing better non-alcoholic beer


AT T present Wireless Account Lock defense to curb the SIM-swap scourge


From Le Mans to Driven-- where does F1: The Movie rank


NYT to start searching erased ChatGPT logs after beating OpenAI in court


Paramount accused of bribery as it settles Trump suit for $16 million


Medical groups warn Senate budget bill will create dystopian health care system


Tesla Q2 2025 sales dropped more than 13% year over year


What's incorrect with AAA games The development of the next Battlefield has answers.To comprehend exactly what's happening with the next Battlefield title-- codenamed Glacier-- we need to rewind a bit. broadened the franchise audience to more directly com


Astronomers might have found a third interstellar item


RTX and Shield AI Partner to Develop New Defense Capabilities


NYPD Considers Net-Firing Drones to Take Down 'Hostile' Drones


Iran Unveils Shahed 107


China Starts Production of D18 Cargo Drone for Low-Altitude Strategic Logistics Operations


Wildlife Drones Saving Rhinos from Poachers in India’s National Parks


DJI expands Power lineup with mighty new Power 2000 station


ABB updates IRB 1200 line, adds 3 robot families for China


Galbot picks up $153M to commercialize G1 semi-humanoid


Luminous gets funding to bring LUMI solar construction robot to Australia


Wonder Dynamics co-founder Nikola Todorovic joins the AI Stage at A Technology NewsRoom Disrupt 2025


Robinhood's co-founder is beaming up (and down) the future of energy


Lovable on track to raise $150M at $2B appraisal


RFK Jr.'s health department calls Nature scrap science, cancels memberships


Pentagon might put SpaceX at the center of a sensor-to-shooter targeting network


FCC chair decides prisoners and their families should keep paying high phone rates


Moderna states mRNA flu vaccine cruised through trial, beating standard shot


Nudify app's strategy to dominate deepfake porn depends upon Reddit, docs show


Nothing Phone 3 gets here July 15 with a small dot matrix rear display


United States crucial facilities exposed as feds caution of possible attacks from Iran


White House works to ground NASA science objectives before Congress can act


Glen Powell plays a hazardous game in The Running Man trailer


Ted Cruz plan to penalize states that control AI shot down in 99-1 vote


GOP desires EV tax credit gone; it would be a catastrophe for Tesla


GOP budget expense poised to squash renewable resource in the US


Tuesday Telescope: A howling wolf in the night sky


Pay up or stop scraping: Cloudflare program charges bots for each crawl


Silvus Technologies Launches Spectrum Dominance 2.0 Next Generation EW Defenses


France's XSun and H3 DYNAMICS Join Forces to Develop World's First Solar Hydrogen Electric UAV


Ukraine’s New Drone Built to Kill Shaheds


Russia's Weapons Stockpile: How Many Missiles and Drones are Left


Parry Labs and Airbus Partner on United States Marine Corps' Unmanned Aerial Logistics Connector


Top 10 robotics advancements of June 2025


Farmer-first future: Agtonomy's technique to clever farming


Genesis AI brings in $105M to build universal robotics foundation design


Amazon releases new AI structure model, releases 1 millionth robotic


Civ Robotics areas Series A funding for automated surveying


Figma moves closer to a blockbuster IPO that could raise $1.5 B


Roadway to Battlefield: Central Eurasia's entrance to A Technology NewsRoom Startup Battlefield


David George from a16z on the future of going public at A Technology NewsRoom Disrupt 2025


Mo Jomaa breaks down IPO preparation for creators on the Scale Stage at A Technology NewsRoom All Stage


Genesis AI introduces with $105M seed funding from Eclipse, Khosla to build AI models for robots


A mammoth tusk boomerang from Poland is 40,000 years old


Analyst: M5 Vision Pro, Vision Air, and smart glasses coming in 2026–2028


Research study roundup: 6 cool science stories we nearly missed out on


Drug cartel hacked FBI official’s phone to track and kill informants, report says


Half a million Spotify users are unknowingly grooving to an AI-generated band


Senate GOP budget plan expense has little-noticed arrangement that might harm your Wi-Fi


Texas politicians advance in effort to wrench space shuttle bus from Smithsonian


Nearly 12 million individuals would lose medical insurance under Senate GOP expense


Project Hail Mary trailer looks like a winner for Andy Weir fans


Meta, TikTok can’t toss wrongful death suit from mom of “subway surfing” teen


Supreme Court to choose whether ISPs need to disconnect users accused of piracy


Trump's tariff threat pushes Canada to scrap digital services tax


NIH budget cuts affect research study funding beyond US borders


The second launch of New Glenn will aim for Mars


Android 16 review: Post-hype


Cops Helicopter Chasing Drones Near United States Air Base in Near Miss with F-15


ZeroAvia Gets UK Government Grant for Development and Flight Test of Liquid Hydrogen Fuel System


Shield AI and Amazon Web Services Collaborate to Deliver Mission Autonomy at Fleet Scale


Raspberry Pi Powers Next-Gen UAV Swarm Intelligence


US Air Force Reaper Drones to Test New Anti-Hacking Software


FAA approves AVSS parachute for DJI Matrice 4 drones


Shell extends multi-million dollar deal with drone firm Cyberhawk


DJI simply revealed its most effective delivery drone yet


Joby Aviation (JOBY) begins piloted eVTOL flights in the United Arab Emirates [Video]


Unitree ends up being a legged robotic unicorn with Series C financing


Tacta Systems raises $75M to give robots a ‘smart nervous system’


Sri Mandir keeps investors hooked as digital devotion grows


Legal software company Clio drops $1B on law data giant vLex


Next-gen procurement platform Levelpath catches $55M


From $5 to financial empowerment: Why Stash co-founder Brandon Krieg is a must-see at A Technology NewsRoom All Stage 2025


Tailor, a 'headless' ERP start-up, raises $22M Series A


Ex-Meta engineers have actually built an AI tool to plan every information of your trip


3 powerhouses cover how to prepare now for your later-stage raise at A Technology NewsRoom Disrupt 2025


Not simply luck-- it's method: Tiffany Luck on winning over VCs at A Technology NewsRoom All Stage


Tiny AI ERP startup Campfire is winning numerous start-ups from NetSuite, Accel led a $35M Series A


Jennifer Neundorfer on how AI is reshaping the way startups are built — live at A Technology NewsRoom All Stage


Kristen Craft brings fresh fundraising strategy to the Foundation Stage at A Technology NewsRoom All Stage