Blnk, a fintech that provides instant consumer credit in Egypt, raises $32M in debt and equity

Credit card penetration in Egypt is low, with just over 4 million cards used in a population of more than 100 million people. As such, people in the country have little or no access to credit, given the other few options that exist in the market. One of these options, consumer loans, is being explo

Airly fights air pollution with a network of affordable sensors

Clean-tech startup Airly wants to help communities around the world improve air quality with affordable sensors and software that provides actionable insights. Based in London and Krakow, the startup announced today it has raised $5.5 million. The round was led by firstminute capital and Pi Labs, w

Daily Crunch: Meta decimates its staff as the social media giant lays off 11,000

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Whooo-weee interesting times for crypto land, as Bitcoin crashes down to under $17,000 for the first time in a while. Wild, given that the cryptocurrency was trad

Google and Twitter veteran maps out a Twitter alternative

Twitter’s new CEO and owner Elon Musk is rattling the cage at his social network and ruffling a lot of feathers both inside and outside of the company. But while some in the tech world describe that kind of chaos as a garbage fire, others see it as something very different: an opportunity. Ye

Gaming company Kabam lays off 7% of its workforce to better align with goals

Kabam, the gaming company that has developed mobile games in partnership with entertainment brands including Disney, Marvel and Universal, has laid off about 7% — around 35 people — of its workforce, technewss has learned from sources and confirmed with the company over email. The Vancouver-ba

Power up with our partners at TC Sessions: Crypto

We're packing our bags and getting pumped about flying to Miami for TC Sessions: Crypto on November 17.  What about you? Don't miss your chance to rub elbows with the kings and queens of blockchain, cryptocurrency, DeFi, NFT and web3 — the current rulers and the up-and-coming contenders

3 tips for managing a remote engineering team

Remote work is not for every business and it may not be everyone's cup of tea. When my co-founder and I decided to build a distributed engineering team for our startup, numerous questions raced through our minds: Will they be productive? How will decisions be made? How do we keep the culture al

Web3 messaging infrastructure Notifi raises $10M seed round co-led by Hashed, Race Capital 

Notifi, a communication infrastructure platform for web3, said Tuesday it has raised $10 mlion in an oversubscribed seed funding co-led by previous backers Hashed and Race Capital. Other investors include Struck Capital, HRT Capital, Wintermute, and Superscrypt founded by Temasek, bringing its tota

Why mobile subscription management platforms are enjoying tailwinds

Game engine company Unity and adtech company IronSource finalized their merger this week, aiming to “create an end-to-end for developers to build and monetize games,” technewss reported. While there’d be a lot to say about the deal from the perspective of game developers, we̵

With new capital, Adapty is betting it can help app devs make more money

Mobile developers earned more than $260 billion on Apple’s App Store between its launch in 2008 and the end of 2021. And yet, Apple doesn’t provide an easy way for companies to maximize how much they make from their apps — and neither does Google, which owns the rival Google Play Stor

Akamai invests in Macrometa as the two strike partnership

Edge computing cloud and global data network Macrometa has struck a new partnership and product integrations with Akamai Technologies. Akamai also led a new funding round in Macrometa that included participation from Shasta Ventures and 60 Degree Capital. Akamai Labs CTO Andy Champagne will join Ma

Next acquires Made.com’s brand and IP as the online furniture retailer enters administration

We knew it was happening, but U.K.-based online furniture and home accessories retailer Made.com has officially entered administration, confirming previous reports with the appointment yesterday of PricewaterhouseCoopers as administrators. While Made.com had revealed that it was in discussions with

Plain is a new customer support tool with a focus on API integrations

Meet Plain, a new startup that wants to reinvent support tools. While the customer support space is a competitive industry with big tech companies like Intercom and Zendesk, Plain believes it has a different approach as it focuses on API integrations to make your company's product and your supp

Kuda takes digital banking play to the UK with its remittance product

Kuda, the London-based and Nigerian-operating startup taking on incumbents in the country with a mobe-first and personalized set of banking services, is expanding to the U.K. by offering a remittance product to Nigerians in the diaspora.  The digital bank has seen some success since launching in N