emerging markets
eBay appoints new head of emerging markets, covering regions like Southeast Asia and India
eBay announced today that it has appointed Vidmay Naini as its general manager for global emerging markets, a role that covers the company’s growth in Southeast Asia, India, Eastern Europe, Israel,
Seedstars Capital launches to support new fund managers around the world
The venture market is in the middle of a downturn, but there are still plenty of emerging fund managers. Seedstars announced today it has launched a platform called Seedstars Capital with Swiss-based
Crypto adoption skyrockets in Middle East and North Africa due to favorable economic climate
Crypto markets grew the most in the Middle East and North Africa in 2022 due to economic incentives and regulation.
Polygon founder raises $50M for emerging markets-focused web3 venture fund
Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s co-founder Sandeep Nailwal is launching another project,
Seedstars launches second fund to invest in 100 startups in emerging markets
Since its launch nine years ago, Seedstars has invested in 81 companies in over 30 emerging markets. Now it’s set a goal of investing in 100 more startups with the launch of its second emerging mark
Weather-focused IBISA raises seed round to back its microinsurance solutions for low-income small farmers
Agricultural microinsurance startup IBISA raised a seed round of approximately $1.70 million led by London-based Insurtech Gateway, with participation from Rockstart’s AgriFood fund and others.
Meet the startups changing mobility for emerging middle classes
In emerging economies, where spending billions to build public transit infrastructure can be out of reach, startups are using technology to meet the mobility needs of a rising urban middle class. Swvl
Emerging markets lender Lendable seeks $100M to fund fintech companies
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said in an emailed statement today. In March, the firm
Verto picks up $10M for cross-border payments play in emerging markets
Verto, a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. Quo
Zola Electric closes $90M funding round to scale technology and enter new markets
Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Some reports peg these numbers between 500 million and 2 billion people despite the preval
Taptap Send gets $13.4M for a no-fee money transfer service aimed at price-conscious emerging market users
Remittances — specifically when people in developed countries send money to family or friends in emerging markets — continue to be a huge lever to help those in more challenging economies
Prosus classifieds group OLX shuts down Frontier Car Group’s Berlin office, OLX Autos to focus on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but another big used-car play is consolidating operations. TechCrunch has learned and con
South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace
The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience. Today, FlexClub
A conversation with Tunde Kehinde of Lidya on finance and the digital divide
Small and medium businesses have been some of the hardest hit in the COVID-19 pandemic. And all that has been as true in emerging markets as it has been for SMBs in the developed world. Tunde Kehinde
BIMA nabs $30M more for micro-health and life insurance aimed at emerging markets
The coronavirus global health pandemic — and the new emphasis on social distancing to slow down the spread of COVID-19 — has put healthcare and tech services used to enable healthcare remo
Instagram Lite shuts down in advance of a relaunch
Instagram Lite, the two-year-old version of the Instagram app aimed at emerging markets, has quietly disappeared. The previously highly ranked app vanished from the Google Play charts on April 13 in t
Pinterest launches a new ‘Lite’ app for emerging markets
Pinterest is the latest tech company to introduce a “Lite” version of its mobile application to meet the needs of users in emerging markets. With Pinterest Lite, launched on Monday, users
Pew: Mobile and social media users in emerging markets have more diverse social networks
The latest study from Pew Research Center takes a look at the impact mobile technology, including the use of smartphones and social media, is having on the diversity of people’s social network i
Google’s lightweight search app, Google Go, launches to Android users worldwide
Google Go, a lightweight version of Google’s search app, is today becoming available to all Android users worldwide. First launched in 2017 after months of beta testing, the app had been design
Google to allow users to pay for Android apps using cash
Today, the Android platform sees more app downloads than iOS, but Apple’s App Store continually dominates in terms of revenue. Now, Google is aiming to narrow the revenue gap by introducing a ne