Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November, 2022, FTX collapsed. “We lost 80% of the operating capital on FTX. We spent […]
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Remember when you would “poke” your friends on Facebook to get their attention, annoy them or just start a poke war? Well, Facebook is trying to bring back that experience with some small updates to the poking feature. The company announced on Tuesday that it recently improved the platform’s suggestions on who to poke and […]
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Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder, Benjamin Fernandes, said they intended to build their products on this premise right from the outset. Over the last two years, the Tanzanian fintech, through its consumer fintech […]
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Ingrid — a startup out of Stockholm, Sweden, not this writer (unfortunately) — has raised €21 million, or just under $23 million, to fuel the growth of a business aiming to improve the last, messy mile of online shopping, delivery. Using data science and some big ideas about how delivery will evolve in the years […]
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Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove did not say who is leading the round, but sources close to the deal confirmed to TechCrunch that Uber led the Series B round, […]
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Caller ID app Truecaller today blocks between 38 and 40 billion spam calls annually for its 374 million+ users. Now, in hopes of getting more people to sign on to its premium tiers, it’s turning up the dials on its filtering tech. A new “Max” update for Android premium subscribers uses AI to block every […]
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Monday's keynote was, in a way, a return to the company's original mission.
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The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range to venture capital and growth equity from between 15% and 30% of the pension system’s private equity portfolio, to between 5% and 25%. […]
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It’s tough to argue with Nvidia CEO Jensen Huang when he notes, “Building foundation models for general humanoid robots is one of the most exciting problems to solve in AI today.” The humanoid form factor is one of the most hotly contested topics in the world of robotics at the moment, raising venture capital by […]
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Documentation startup Mintlify says dozens of customers had GitHub tokens exposed in a data breach at the start of the month and publicly disclosed last week. Mintlify helps developers create documentation for their software and source code by requesting access and tapping directly into the customer’s GitHub source code repositories. Mintlify counts fintech, database and […]
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