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Posts Tagged ‘paypal’

Luge Capital raises $85M to invest in Canadian fintech startups

There are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector. Luge Capital, a fintech and AI-focused venture capital fund headquartered in Montreal and Toronto, is looking to close that gap. The ...

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Safaricom’s Nairobi based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, there are questions on how or if Alpha will continue to operate. The space was established in 2017 to spur new product development for Safaricom, which is Kenya’s largest ...

Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into ...

PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal has become the first company to walk away officially from Facebook’s Libra, a cryptocurrency and related association that it announced earlier this year, with a chain of impressive names behind the effort to help build and operate services around it. “PayPal has made the decision to forgo further participation in the Libra Association at ...

Gatsby raises $15M Series A for its modern web development platform

Gatsby, a platform that uses modern web technologies like React and GraphQL to help developers build better sites faster, today announced that it has raised a $15 million Series A round led by CRV. Previous investors Trinity Ventures, Mango Capital, Fathom Capital and Dig Ventures also participated, as did Kong CEO Augusto Marietti and Adobe ...

Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments

Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at every merchant you shop at, you ...

Brexit means clear your cookies for democracy

Brexit looks set to further sink the already battered reputation of tracking cookies after a Buzzfeed report yesterday revealed what appears to be a plan by the UK’s minority government to use official government websites to harvest personal data on UK citizens for targeting purposes. According to leaked government documents obtained by the news site, ...

APIs are the next big SaaS wave

While the software revolution started out slowly, over the past few years it’s exploded and the fastest-growing segment to-date has been the shift towards software as a service or SaaS... ...

Should you raise equity venture capital or revenue-based investing VC?

Most founders who are raising capital look first to traditional equity VCs. But should they? Or should they look to one of the new wave of revenue-based investors? ...

How Dropbox, Nike, Salesforce, MailChimp, Google and Pepsi welcome their new hires

The first day of work at a new job can be very stressful. Different companies have their own traditions to help make this period of transition more comfortable and memorable for new hires... ...