Revolut, the London-based fintech that offers a digital banking account and sprawling set of other financial services, is disclosing that it has raised a whopping $250 million in Series C funding, less than three years since launching. The new round, which gives the company a $1.7 billion post-money valuation — a five-fold increase in under […]

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High-profile U.S. startup accelerator Y Combinator is making a push to bring more China-based startups into its program after it announced its first official event in the country. YC has made a push to include startups from outside of North America in recent years. That has seen it bring in companies from the likes of […]

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NSI Ventures, the Singapore-based VC firm affiliated with PE firm Northstar Group that invested early in ride-sharing unicorn Go-Jek, is going independent after it announced it has rebranded to Openspace Ventures. NSI Ventures was started by Hian Goh, an entrepreneur who sold his startup Asia Food Channel in 2013, and finance exec Shane Chesson in 2014. The firm […]

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Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Uber and Taxify are going head-to-head to digitize Africa’s two-wheeled taxis African VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon Group Business APIs in Africa are […]

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Sameer Noorani Contributor Share on Twitter Sameer Noorani is a serial entrepreneur currently working on a stealth startup. His previous startups include: Roomvine, Hoodere and RoundOnefight. Things really escalated quickly in this month’s Facebook-Cambridge Analytica scandal. While it’s usually best to just sit back with a bucket of popcorn and watch reality business drama unfold, I was surprised by […]

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Artificial intelligence and the application of it across nearly every aspect of our lives is shaping up to be one of the major step changes of our modern society. Today, a startup that wants to help other companies capitalise on AI’s advances is announcing funding and emerging from stealth mode. Allegro.AI, which has built a […]

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Teachers have long supplemented their incomes by tutoring. And there’s perhaps never been a better, or easier, time to do it than right now.  The reason: China-based online education companies are in an apparent race with each other to hire U.S. teachers who’d like to work from home this summer and, using their webcams, “teach […]

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In a sickening concession to bad copyright law and Microsoft's bottom line over basic technical truths and common sense, Eric Lundgren will spend 15 months in prison for selling discs that let people reinstall Windows on licensed machines. A federal appeals court this week upheld the sentence handed down in ignorance by a Florida district judge, for a crime the man never committed.

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Acorns, the mobile service that’s providing a gateway to investing in the stock market, has completed the master plan it set in motion months ago with the acquisition of Vault by finally launching a retirement account product today. Called Acorns Later, the service is the first Acorns investment vehicle to get the same kind of tax […]

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It looks like Digg has found a new owner: digital advertising company BuySellAds, which has acquired a majority stake in the news aggregator. It seems that last month’s shut down of Digg Reader was a sign that there were changes in the works. BuySellAds CEO Todd Garland confirmed the acquisition to Fast Company, and a company spokesperson told me, […]

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Few people get into coding because they enjoy debugging, but since there’s no such thing as perfect code, issues inevitably pop up. Israeli startup Rookout is tackling one aspect of this by helping developers track down issues in production code without forcing developers to do any additional coding to write additional tests and re-deploy their […]

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The FDA has its eye on Juul Labs, the e-cigarette company that has captured nearly half of the $2 billion e-cig market. Yesterday, the U.S. Food and Drug Administration Commissioner Scott Gottlieb announced a new initiative called the Youth Tobacco Prevention Plan. While the agency is focused on making sure kids don’t have easy access […]

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Europe’s sweeping privacy law GDPR goes into effect May 25th, and Facebook is being forced to push users through new agreements to terms of service changes required to comply with the law. That’s why during today’s successful Q1 2018 earnings report call, Facebook CFO David Wehner warned that “we believe MAU or DAU might be […]

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Facebook is getting the developing world online, even as the developed world criticizes its privacy practices. Mark Zuckerberg said today on Facebook’s Q1 2018 earnings call that “our Internet.org efforts have helped almost 100 million people get access to the internet who may not have had it otherwise.” That’s up from 40 million in November 2016. […]

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PayPal reported its first-quarter results after the bell on Wednesday, sending shares up about 3 percent in after-hours trading, due to better-than-expected numbers. Adjusted earnings per share for the payments giant came in at 57 cents, above analyst estimates of 54 cents. Revenue for the quarter was $3.69 billion, up 24 percent from last year. […]

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