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The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. With more people in Latin America getting

Zaver, a Swedish fintech that enables merchants to accept cardless payments and offer buy-now-pay-later (BNPL) as an option, has raised $5 million in new funding. The company, which began life focused on P2P payments for marketplace transactions, is now doubling down on the durables sector (think:

"" data-block="true" data-editor="50nu9" data-offset-key="5mhcj-0-0"> "" data-offset-key="5mhcj-0-0"> In the 170 years since Western Union was founded, no company has managed to solve two basic problems that continue to bedevil the remittance business — exorbitant fees and slow deposit times.

Caesar Sengupta, the longtime head of Google's Next Billion Users initiative, is leaving the company next month, he said Monday. Sengupta, who additionally also led the company’s payments business in the past three years, is leaving the firm after nearly 15 years. A regular fixture at Goo

Venture capital firm Spark Capital has decided to “sever all ties” with Dispo, a photo-sharing app co-created by famous YouTuber David Dobrik. The move, announced by the firm late Sunday, was triggered by a recent investigation by Business Insider that exposed allegations from a woman w

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. The company offers proprietary savings and investment products that allow users to make contributions starti

"attachment_2127980" aria-describedby="" style="width: 1024px">M Capital Management founding partners Joachim Ackermann (left) and Mayank Parekh (right). Image Credits: M Capital Management M Capital Management, a Singapore-based venture capital firm, announced today it has closed its debut fund, M

Kate Hiscox is having a moment. Her company, Sivo, founded eight months ago, has already raised $5 million from investors at a post-money valuation of $100 million, and she says she is in active talks with others who would like her to consider accepting Series A funding from them. Surely the attent

Energy consumption has become the latest flashpoint for cryptocurrency. Critics decry it as an energy hog while proponents hail it for being less intensive than the current global economy.  One such critic, DigiEconomist founder Alex de Vries, said he's “never seen anything that is as ineffi

A proposed witness list filed by Apple for its upcoming trial against game-maker Epic reads like a who's who of executives from the two companies. The drawn out battle could well prove a watershed moment from mobile app payments. The two sides came to loggerheads when the Fortnite maker was kic

In an Extra Crunch Live this past week, Cleo Capital founding partner Sarah Kunst broke down what founders can learn from Supreme, a sought-after streetwear brand. She argued that founders, similar to Supreme, should build a brand around themselves that is so well-respected and has clout that whene

Facebook develops a new way to interact with AR, Uber’s facial recognition policy faces scrutiny and SpaceX’s Starship rocket booster hits a major milestone. This is your Daily Crunch for March 19, 2021. The big story: Facebook shows off wrist-based interface This projec

Research papers come out far too rapidly for anyone to read them all, especially in the field of machine learning, which now affects (and produces papers in) practically every industry and company. This column aims to collect some of the most relevant recent discoveries and papers — particularly

Most American retail banks are designed the same way: Customers must pass several desks set aside for loan and mortgage officers before they can talk to a customer representative. I only step inside a bank a few times each year, but even pre-pandemic, I can’t remember the last time I saw some