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African fintech firm Flutterwave raises $35M, partners with Worldpay

African fintech firm Flutterwave raises M, partners with Worldpay San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, […]

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Catalyst Fund gets $15M from JP Morgan, UK Aid to back 30 EM fintech startups

Catalyst Fund gets M from JP Morgan, UK Aid to back 30 EM fintech startups The Catalyst Fund has gained $15 million in new support from JP Morgan and UK Aid and will back 30 fintech startups in Africa, Asia, and Latin America over the next three years. The Boston based accelerator […]

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What we know (and don’t) about Goldman Sachs’ Africa VC investing

What we know (and don’t) about Goldman Sachs’ Africa VC investing Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though […]

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Daimler and Bosch take a mixed mobility approach to autonomous vehicles

Daimler and Bosch take a mixed mobility approach to autonomous vehicles A fleet of Mercedes-Benz S Class vehicles are now plying the roads of San Jose, California as part of a robotaxi pilot project that Daimler and Bosch have been developing for two and a half years, but the launch itself could […]

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Startups Weekly: Understanding Uber’s latest fintech play

Startups Weekly: Understanding Uber’s latest fintech play Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about how SoftBank is screwing up. Before that, I […]

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Source: Nike has picked up Russell Wilson’s Tally/TraceMe in a rare acquisition

Source: Nike has picked up Russell Wilson’s Tally/TraceMe in a rare acquisition Nike has long been synonymous with premium sneakers and other sports gear, but now it seems that the company could be extending its brand into another area — digital media — thanks to the rumored acquisition of a Seattle-based startup. […]

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Bill McDermott steps down as SAP’s CEO

Bill McDermott steps down as SAP’s CEO SAP today announced that Bill McDermott, its CEO for the last nine years, is stepping down immediately. The company says he decided not to renew his contract. SAP Executive Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs. McDermott, who started his business […]

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Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago

Uber commits 0 million to Uber Freight expansion in bet on trucking and Chicago Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees […]

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Looking to become the meme-based social network of the gaming world Medal.tv raises $9 million

Looking to become the meme-based social network of the gaming world Medal.tv raises million When Medal.tv first launched on the scene, the company was an upstart trying to be the social network for the gaming generation. Since its debut in February, the clipping and messaging service for gamers has amassed 5 million […]

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Police hijack a botnet and remotely kill 850,000 malware infections

Police hijack a botnet and remotely kill 850,000 malware infections In a rare feat, French police have hijacked and neutralized a massive cryptocurrency mining botnet controlling close to a million infected computers. The notorious Retadup malware infects computers and starts mining cryptocurrency by sapping power from a computer’s processor. Although the malware […]

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