Startups

As organizations grow, it becomes harder to understand what’s happening operationally across departments inside a company. We tend to use meetings to try and figure out what others are doing, which isn’t terribly efficient. Akooda is an early-stage startup trying to help solve that prob

Customers abandon their online shopping carts all the time, and of those who sign on to subscribe to monthly product deliveries, some 17% end up canceling around the time the next payment is due. Serial e-commerce entrepreneurs Gina Perrelli, Pierson Krass, who co-founded e-commerce agency Lunar So

Microalgae is everywhere, it seems. It's being used as a way to replace fossil fuels and is used in cosmetics and pharmaceuticals and as a food source. It's a substantial market, too, expected to be valued at $25.4 billion by 2033. Brevel, a Tel Aviv–based company, is developing microalg

Plans by Kenya's Assets Recovery Agency (ARA) to withdraw its second case against African fintech giant Flutterwave have been shot down by the High Court, Kenya’s third highest court. In August last year, the agency had frozen $3 million belonging to Flutterwave, Hupesi Solutions, and Adg

When I work with early-stage startups on how they can tell their story, the traction slide is often a sticking point. How do you show traction when you haven't brought a product to market yet, or when your revenue is more of a trickle than a downpour? To answer the question, think about what tr

Remote working and digital nomads became two very prominent aspects of the world of work during the pandemic, shedding light on the millions of people who live in one country but earn money in another. Now, a startup that is building financial services catering to that demographic is announcing som

The public transit sector in Kenya is driving the country's electric vehicle adoption as global calls for a switch to sustainable transport continue. For the first time last year, commercial electric mass transport buses were deployed to various routes across Kenya's capital, Nairobi, marki

When it comes to Europe's cannabis market, the biggest piece of news this year is what didn't happen. Contrary to what a lot of people expected, Germany isn't on the way to legalizing recreational use of marijuana. Instead, the EU's most populated country watered down its law reform

Welcome to The Interchange! If you want this in your inbox, sign up here. It was an event-filled week in the fintech world, what with FedNow launching, the former CEO of fintech Bolt — and the company itself — being subpoenaed by the U.S Securities and Exchange Commission and much more

If you only tracked American insurance technology companies that went public recently, you might think insurtech is in its flop era. Thankfully, that isn’t true. The Exchange explores startups, markets and money. Read it every morning on technewss+ or get The Exchange newsl

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. It seems like the fizzle has gone out of the VR conversation altogether, as every manufacturer and conversation is refocusing its attention on AR. That wasn't particularly new, but Apple's flagship headset is a h

CB Insights released its Q2 State of Fintech report last week, and unsurprisingly, global funding in the space was down — plunging by nearly half to $7.8 billion, its lowest level since 2017. But at least one region didn’t have a bad quarter. Latin America experienced a

Cruise, the self-driving arm of General Motors, has begun initial testing and data collection in Miami, the company said in a tweet Wednesday. “Phase 1 is to familiarize our fleet with additional, diverse road conditions while collecting data,” the company said. Cruise d

The inability or unwillingness of many venture-backed startups to go public is starting to sting. Backers of venture funds are increasingly leery about putting more capital to work in the startup landscape without getting some of their prior cash back. But with IPOs not expected to pick up for quar