Industry News
Google, DPI backs African fintech Moniepoint in $110M round
Google’s Africa Investment Fund is a new investor in African fintech Moniepoint, which just closed $110 million in new financing. The Series C round, which involved an equity sale, per Bloomberg, was led by Development Partners International’s Af…
Infraspeak raises $19.5M to bring collaboration to facilities management
It might not be the sexiest of subjects, but facilities management is central to any business that has a physical premises — the bigger that footprint becomes, the more complex it gets. Portuguese startup Infraspeak has set out to address that with an …
Emidat is building a tool to clean up construction by automating environmental reporting
Fixing the climate crisis is a vast, world-sized puzzle. But one particularly large piece of this ginormous conundrum is construction and real estate — which collectively amount for around 40% of global greenhouse gas emissions. Enter Munich-based data…
Krafton backs IMM Investment’s maiden India fund
The India unit of gaming firm Krafton has backed IMM Investment’s maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens its investment bets in the South Asian market. Seoul-based IMM Investment, an early backer o…
Despite risks, Vinod Khosla is optimistic about AI
Vinod Khosla has no doubts that humanity’s future with AI is bright. The Sun Microsystems co-founder turned prominent investor predicts that “the need to work will go away” almost entirely thanks to AI. “Almost all expert…
Foster sisters explain why they haven’t invested in AI
Oversubscribed Ventures co-founder Sara Foster (above right) made a confession onstage on Monday at TechCrunch Disrupt 2024. “I don’t even have ChatGPT on my phone,” she said. It’s an unexpected comment from an investor, given t…
Google-backed Open Cloud Coalition launches to lobby European lawmakers
Europe has a new lobbying body, one with a self-stated mission to “improve competition, transparency, and resilience” in the cloud computing sector. The Open Cloud Coalition (OCC) counts 10 members at launch, the most notable one being Goog…
Visa Everywhere Initiative: The Ultimate Fintech Pitch Competition
Fintech startups inspire—Visa enables. Join us at the Visa Emerging Innovators (VEI) program, where we celebrate the next generation of fintech pioneers. This year, we are thrilled to announce that we are doubling the prize to an incredible $100K! Visa…
Post-Synapse meltdown, this is the state of the banking-as-a-service industry
The bankruptcy of banking-as-a-service (BaaS) fintech Synapse shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse’s problems have hurt and taken down a number of other startups and …