It was long-rumoured that Sebastian Diemer, who co-founded credit scoring and loans company Kreditech, was doing another startup in the fintech space and today that new venture de-cloaks. Bezahlt.de, which, along with Diemer, counts numerous other ex-Kreditech employees as part of its founding team, is taking aim at the German ‘factoring’ market. Read More
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Paris-based VC firm Daphni is announcing its inaugural fund for seed and Series A investments. The team will manage a $165 million fund (€150 million) and try some new things when it comes to venture capital in Europe. On paper, Daphni looks like many other funds. A bunch of limited partners have given a big pile of money so that a team of tech-savvy people can invest everything in startups.… Read More
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For better or for worse, Chile is often held up as the economic model for Latin America. More so even than other up-and-coming tech centers, the story of startup entrepreneurialism in Chile is a story of concerted government policy. That policy is formulated by the Corporación de Fomento de la Producción de Chile, which is tasked with promoting economic growth in the country. Read More
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This weekend in Baghdad, tech entrepreneurs and local government officials gathered at the Fikra Fair to network, demo their apps and show the world that Iraq has more to offer than oil. According to the Human Rights Watch, challenging realities of daily life for many people in Iraq include sky-high food prices, cash shortages, a lack of communications infrastructure, and restricted access… Read More
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Tech investing isn’t what it used to be — even compared to six months ago. Investors are applying greater scrutiny to deals. Founders are realizing they can’t favor growth over profitability, or vice-versa — both are crucial to success. There’s a reason VCs are calling for “a return to fundamentals” — they don’t want to see newly minted… Read More
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The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. In contrast, venture capital investments, which had recalibrated alongside the IPO market in the second half of last year, have remained sedate, with a clear flight to quality; fewer rounds, for higher quality companies, with larger check sizes. Read More
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Indonesia presents unique challenges in the form of renewable energies, but currently lacks significant infrastructure capable of supporting such expansion, with its mobile-first economy only being able to provide so much support for structured growth. However, if capitalized correctly, Indonesia has the potential to harness clean technology into a vehicle for prosperity. Read More
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Under pressure from shoppers complaining about losing the ability to receive tips last month as the company looked to smooth out the earnings curve, Instacart said it is re-introducing customer tipping. “After announcing this change, we heard a lot of feedback from our shopper community,” the company said in a blog post. “While our shoppers liked most of the changes, they did… Read More
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VMware signed deals with Microsoft, Google and IBM earlier this year as it has shifted firmly to a hybrid cloud strategy, but it was the deal it signed with AWS this week that has had everybody talking. The cloud infrastructure market breaks down to AWS with around a third of the market — and everybody else. Microsoft is the closest competitor with around 10 percent. While VMware has… Read More
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Pokémon Sun and Moon’s release for 3DS rapidly approaches, and the Pokémon Company is unveiling eight new Pokémon unique to the new games, including six evolutions of Sun/Moon characters and two Alola-region variants of existing pocket monsters.
The new Pokémon include two evolutions of a new dragon/fighting type that looks like a good candidate for inclusion in my primary lineup of six. Read More
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