Startups

Africa's insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Africa could be worth more if insurance penetration on the continent wasn't extremely low, less th

Musinsa, a Seoul-based fashion marketplace, said Wednesday it has raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management. The new capital put Musinsa's valuation at approximately $2.76 billion (~3.4 trillion won), according to sources familiar

Over a year following the inaugural season of “Shark Tank India,” the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show. The “sharks” overall invested in only 28 of

A backer of the Lensa AI app, which sent AI-generated images from Stable Diffusion rocketing into mainstream social media, has just exited a company for a substantial amount of money, say well-placed sources speaking on the condition of anonymity. CloudOne Digital has today announced its acquisitio

Cameo, a website for ordering video greetings from celebrities, is downsizing again. The Chicago startup, which was valued at more than $1 billion in 2021, intends to lay off 80 workers. Reached by technewss, CEO Steven Galanis confirmed that Cameo decided to “reduce the size of our team,

When Greenwood, a neobank that courts Black and Latino customers, acquired The Gathering Spot last year — a networking and coworking club that targets similar demographics — the fintech's co-founder Paul Judge described the merger as a “Black on Black” deal, saying it was “

Artificial intelligence has had a major impact over the years in the finance sector, helping neobanks personalize services for customers, lenders evaluate loan applications, digital providers detect fraud and security issues, analysts run predictive modelling for investments and more. Yet much of t

Telegram has raised $210 million through bond sales this week from a number of investors, including its founder and chief executive Pavel Durov, as it navigates the slowing economy that has evaporated public markets’ appetite for listings. The messaging app, used by over 800 million users eac

Many startup sectors came out of 2021's hype with a massive hangover in the form of valuations that they simply couldn’t justify as the market dipped and dived. Insurtech startups had it the worst, though, as investors started questioning the viability of the entire category. A recent rep

Running a multi-cloud strategy where you use different cloud vendors for different workloads helps companies avoid vendor lock-in and lets them use the best-of-breed tools across different platforms. But the downside is that programmers have to write code to make their applications work on AWS, Azu

After years of growth, funding for cybersecurity startups is beginning to slow down, a symptom of the broader economic malaise and — perhaps — market oversaturation. According to a recent note from Pinpoint Search Group, cybersecurity funding dipped 55% in Q2 2023 compared to Q2 2022 &#

It's not enough to be just a Shopify brand anymore: you have to leverage all the data coming in from the dozens of apps that brands use to monitor advertising and marketing, inventory, customer communications and support and sales, so that your business can succeed. Enter Polar Analytics, which

Komi, a digital storefront for content creators and celebrities, today announced its public launch along with new features, including the ability to sell products across multiple online stores in one place, on-page checkout functionality, marketing tools and more. The company also announced its $12

Another grim stage for VanMoof, the e-bike startup backed by venture capitalists to the tune of hundreds of millions of dollars. After making a last-hour effort to stave off bankruptcy last week, the court of Amsterdam has taken the step of officially declaring bankruptcy for the company’s Du