economy

A private equity bet in Latin America proves the strength of fintech investments there

Latin America is getting another fintech unicorn thanks to Advent International’s acquisition of a 51 percent stake of Prisma Medios de Pago, an Argentine payments company formed as a joint vent

Digital Garage teams up with Blockstream to develop blockchain financial services in Japan

The global crypto market may have tanked last year, but notable names have joined forces to develop Bitcoin and blockchain financial services in Japan, which has emerged as one of the world’s mo

Warung Pintar raises $27.5M to digitize Indonesia’s street vendors

The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar comp

Startups Weekly: Squad’s screen-shares and Slack’s swastika

We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists ha

Reserve your demo table today for the TechCrunch Winter Party at Galvanize

There are just three short weeks until Silicon Valley’s startup community takes a night off to relax, connect and get down at the 2nd Annual TechCrunch Winter Party at Galvanize. It’s not just an

Backing Culture Genesis, T.I. launches Tech Cypha, an investment syndicate for tech deals

With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis, Clifford Harris Jr., who’s better known as “T.I.”, has launched a new syndicated inve

Indonesian e-commerce unicorn Bukalapak raises $50M

Chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision F

VC funding of cybersecurity companies hits record $5.3B in 2018

2018 wasn’t all bad. It turned out to be a record year for venture capital firms investing in cybersecurity companies. According to new data out by Strategic Cyber Ventures, a cybersecurity-focu

Redpoint Ventures is raising another $400M to invest in Chinese companies

Redpoint Ventures is doubling down on China. The firm, headquartered in Menlo Park, has filed documents with the U.S. Securities and Exchange Commission to raise $400 million across two new China-focu

Flutterwave and Visa launch African consumer payment service GetBarter

Fintech startup Flutterwave has partnered with Visa to launch a consumer payment product for Africa called GetBarter.

Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows “micro-entrepreneurs” to tap growing access to the internet to se

American Express acquires Japan-based restaurant booking service Pocket Concierge

American Express made an acquisition in Japan by picking up restaurant booking service Pocket Concierge in an undisclosed deal. The acquisition was announced in Japanese and in English by James Rin

Crypto mining giant Bitmain is reportedly getting a new CEO as its IPO plan stalls

Bitmain, the Chinese crypto miner maker, looks like it has reached an interesting point in its pathway to going public. There’s been little heard since the company filed to go public in Hong Kon

It’s the golden age of traditional retail, not its end days

A lot of people will say that traditional retail is dying. But the reality is that, thanks to technology, the future of traditional retail has never been brighter.

Mobileye is using its sensors to create detailed maps of the UK

Mobileye, the Israeli-based automotive sensor company acquired by Intel in 2017, is leveraging the huge amounts of data it can collect to help build precise maps of the U.K.’s roads and infrastr

Apple’s trillion-dollar market cap was always a false idol

Let’s face it, we love large numbers. We are obsessed with them, whether it’s Forbes list of wealthiest individuals or tech unicorns, if it’s a big number we can’t get enough.

Another day, another reversal in the stock market

Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first trading week for the New Ye

NYSE operator’s crypto project Bakkt brings in $182M

Venture capitalists remain bullish on Bitcoin and its underlying technology despite sinking crypto prices.

2019 looks to continue another lights-out year for fintech startups

We predicted fintechs would prove to be the more relevant disruptors in 2018. Looking ahead to 2019, we predict that fintechs will continue to steal the show.

Investors and entrepreneurs need to address the mental health crisis in startups

The most brilliant and creative amongst us are sometimes the most troubled, and nowhere is that clearer than in the entrepreneurial ecosystem.
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