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
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