Induction cooking heats up with a $20M cash injection for Impulse
All electric, everywhere, all of the te; that’s one of the many clate mantras. Induction stovetops take a lot of power, however — they can pull 40 amps at 240 volts. That’s the same as an at-home Level 2 EV charger. Needless to say, a lot of older houses aren’t wired to plug
Silkhaus gets $7.75M to digitize short-term rentals across emerging markets
Silkhaus, a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region.
Venture capital firms that participated in the round include Nuwa Capital, Nordstar,
Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts
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Hello, and welcome to the beginning of another week. As mentioned last Friday, Haje is off scuba diving, leaving the rest of us to pick up the Twitter and FTX pie
Binance’s CEO isn't sweating the FTX implosion
The crypto market is trying to pick up the pieces after it was thrown into massive disarray last week when the previously third-largest crypto exchange, FTX, imploded and filed for bankruptcy.
“It's obvious that people are jittery, interested and somewhat nervous about what
Gradient backs Butter’s operating system for food distribution businesses
Many small to mid-sized food distributors still run on pen and paper. This makes it difficult to pinpoint things like how certain products are performing and customer churn. It also makes it hard for businesses to comply with the FDA's new food traceability regulations. Butter's solution is
Preparing for fintech’s second decade: 4 moves your firm must make now
This year marks the 10th anniversary of the fintech phenomenon.
Companies such as E*TRADE, Rocket Mortgage and TurboTax began to disrupt the established financial services sector well before 2012, but that year marked the turning point when fintech morphed into a sustained movement that would drast
GoFreight raises $23M to become the “Shopify of freight forwarding”
Unicorn Flexport is revolutionizing the world of logistics, serving as a freight forwarder with software that enables customers to manage their shipments. But there are still thousands of smaller freight forwarders, many running on outdated ERP software or spreadsheets. A startup called GoFreight w
The dilemma of Chinese startups going global
One day in 2020, I published an article about a Chinese hardware maker which would have otherwise been a typical funding story. Instead, I got a complaint from its PR asking me to remove all mentions of “China” from the piece. The startup wanted to be called “American” on th
Indian fintech Lentra raises $60M to expand loans-as-a-service for banks
India initially made its name in the tech world years ago when it staked out reputation as a key hub for business process outsourcing. Now that legacy has taken a very different turn in fintech with outsourcing of a very different kind, with the emergence of embedded finance technology. In the late
The power pendulum is swinging back to employers, isn't it?
Tech layoffs may get worse before they get better — which means that the next few months will be full of companies trying to pivot their way to survival during this extended downturn.
At least that's what entrepreneur Nolan Church, who helped lead Carta's 2020 layoffs as its chief people
What goes up must come down
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I'll take a look at the hottest fintech news of the pr
What the midterm madness means for startups
Welcome to Startups Weekly, a nuanced take on this week's startup news and trends. To get this in your inbox, subscribe here.
Hey, folks. It’s Kyle, filling in this issue for Natasha, who’s taking a much needed break from the news cycle (and the spectacle that’s become Twitter
Daily Crunch: FTX CEO Sam Bankman-Fried quits as crypto exchange files for bankruptcy
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Hoooo boy. As Alex would say: This week has been a long year. You just know it has been a pretty wild ride when Meta can lay off 13% of its staff, and it isn'
Answers for H-1B workers who’ve been laid off (or think they might be)
According to layoffs.fyi, more than 23,000 tech workers have been laid off so far this month. For comparison, the site tracked 12,463 layoffs in October.
Facebook’s parent company Meta announced the first major job cuts in its history this week, eliminating 11,000 jobs. Like Twitter, Stripe,