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Technology Flow Top 3
- Embrace that finance: Pejesha, a Kenyan fintech startup, is flush with $11 million in new capital as it seeks to bridge the gap between access to financial products and the “$330 billion financing gap” for small firms, which account for 90% of Africa. businesses” all Reports.
- We are all connected: If you haven’t seen yourself in one of your Twitter connection’s circles yet, you soon will. The social media giant is launching “Close Friends” features globally, Evan Reports. Add some people to your circle and tweet.
- No delivery for you: Delivery platform Gopuff is only in Europe from November 2021, but Natasha L He wrote that he had decided to stop his services in Spain. She cited that it is probably growing revenue by 30% per month to focus more on the United Kingdom market.
Startups and VC
Startup Capital is VC Gary Tan’s answer to a need first highlighted by Y Combinator. As a partner at the accelerator from 2010 to 2015, Tan spent time working with companies to better understand what investors needed from them after they graduated. This week, he announced that he was back at the helm at YC and Natasha M Y interviewed him about what’s next for Combinator.
The company behind last summer’s hot social app, Poparazzi, appears to be preparing a second round after the $15 million Series A it announced in June. A new listing under the developer account on the App Store, TTYL, is teasing a pre-release app called Made With Friends. Sarah Reports.
When news like a large pizza pie comes to your attention, it’s more-news:
- Notification bubbles: Devin has long reported that there is an underwater messaging app.
- Money for laundering: Flush with fresh funding, UK “eco laundry” startup Oxwash raises $12 million to spin off its growth plans, Natasha L Reports.
- Faster when further away: The UK’s £5 billion project to connect gigabit rural areas to high-speed broadband has awarded its first contract, Paul Reports.
- PriceOye gets the Thiel seal of approval: Islamabad-based startup PriceOy offers a range of electronic products including smartphones, TVs and home appliances. It closed a round of funding from investors including Peter Thiel reports Jagmeet.
- SPAC is dodging the bullet: Alex And Anna Wrote a very interesting piece on TC+ (use “DC” for 15% off if you’re not yet a subscriber) about SPACs, how they’re falling apart, and how Europe dodged a bullet on that front.
How to Communicate to Your Crypto Community When Things Don’t Go Right
Because it’s a new industry that’s largely unregulated, crypto companies don’t typically specialize in crisis communications. (We’re being generous here.)
When a bank or financial services firm experiences a massive security failure or volatility shock, federal laws dictate how it should communicate with its customers. However, crypto startups should rely on their own best judgment.
“Declaring the sky is falling and begging your community for investment doesn’t do much good, but an overly rosy outlook won’t fool anyone,” says Tahem Verma, co-founder and CEO of Mesha.
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Big Tech Inc.
Last chance to get your game on the Facebook Gaming app. The social media giant said it will shut down its stand-alone app at the end of October. Aisha Reports. Don’t worry, you can still find your games on the original Facebook Gaming. When it launched a separate app two years ago, Facebook found it tougher than it bargained for, so instead of ditching MLC, it decided to join ’em.