SumUp, a London, England-based fintech startup and global payments service provider, has raised $895 million (€750 million) facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management, L.P. SumUp will use the funding proceeds to […]
Cross-border e-commerce continues to provide significant growth opportunities for Africa’s economy. Research firm Statista estimates that the total value of e-commerce in Africa generated $16.5 billion in 2017 and is expected to reach $29 billion by 2022. This growth potential […]
The grocery industry is facing one of the most transformative years in the wake of the Covid-19 pandemic. By 2025, digital grocery sales are projected to be 60% higher than pre-pandemic estimates. Yet the rising popularity of online grocery shopping, […]
Last Thursday, Denmark, Norway, Iceland suspended the use of the AstraZeneca vaccine “over concerns about patients developing post-jab blood clots.” At the time, the vaccine manufacturer and the European Medicines Agency (EMA) insisted the vaccine was safe. Now, the EMA said they’re […]
Less than two weeks ago, Elon Musk’s partner Grimes made $5.8 million in just 20 minutes selling digital art (NFT). Now, Musk decides it’s time to jump into the game and cash in. This evening, Musk tweeted he’s selling a […]
The digital art market has exploded in recent weeks with a single piece of a non-fungible token (NFT) art sold at Christie’s Auction for a record-setting $69.3 million, making it the most expensive digital art ever sold. Since the beginning of […]
There are over 31 million people with Type 1 diabetes around the world. In the U.S. alone, approximately 1. 25 million Americans have Type 1 diabetes. By 2050, 5 million people are estimated to be diagnosed with Type 1 diabetes. An […]
More and more people are beginning to pay attention to Bitcoin as the world’s most popular cryptocurrency sees its value more than doubled from $29,388.30 to over $61,000 last week. Bitcoin (BTC) has now entered a new phase of mainstream adoption after […]
We wrote about Stripe when the digital payments behemoth acquired Nigeria’s fintech startup Paystack for over $200 million to expand its footprint in Africa. The startup continues to grow with no sign of slowing. Stripe now operates in 42 countries. Of this […]
Last week, we wrote about Deliveroo after the Amazon-backed food delivery startup posted a $309 million loss in 2020 ahead of the much-anticipated IPO. In a filing last week, Deliveroo provided details on its dual-class share structure, which will see the company […]
LoginID is a San Mateo/Toronto based-based startup that protects user identity by providing users secure control over personal information through a compliant decentralized network. The startup provides APIs and SDKs for enterprises to integrate FIDO-certified biometric authentication in as little as […]
DNA, which stands for deoxyribonucleic acid, is the genetic code that determines all the characteristics of a living thing. The genome of every organism, be it bacteria, virus, potato, human, is made up of DNA. Each organism has a unique DNA sequence that […]
Last July, NASA successfully launched the Mars Perseverance rover into space. After traveling for 203 days and 300 million miles at the speed of about 24,600 miles per hour, NASA Perseverance Rover landed on Mars on February 18, 2021. Today, the […]
It’s been a while since we last featured the daily and weekly top tech startup news. We needed to catch our breath, and now we’re back in full force. Here’s your weekly tech news roundup for the week ending March 12, 2021. […]
If you have ever bought a home in the past, you know that closing a home sale still involves mountains of paperwork. The traditional home closing process is not only manually intensive but also time-consuming and error-prone with a bonus case of […]
FalconX, a Silicon Valley-based cryptocurrency brokerage and digital asset trading platform that uses data science to provide institutions with trading, credit, and clearing, announced it has secured a $50 million investment to scale its team and further expand its business lines to […]
The stranglehold that the big media outlets have on Americans is on the decline. Back in the summer of 2020, we wrote a piece about a survey from Pew Research which found that about a quarter (26%) of U.S. adults […]
Three Scandinavian countries of Denmark, Norway, and Iceland have temporarily suspended the use of AstraZeneca’s Covid-19 vaccine over concerns about patients developing post-jab blood clots, according to a report from Ireland news outlet RTÉ. In addition to these countries, Austria also […]
Non-fungible tokens (NFTs) have been dominating the headlines in recent months as everyone jumps on the crypto-collectibles and digital arts bandwagon. Although NFTs have been around for quite a while, the public is just beginning to understand the future potential especially […]
In late 2019, we shared the story of how a Harvard dropout created the largest e-commerce company in South Korea. Kim Beom-Seok, also known as Kim Bom, was born in Seoul, South Korea. He migrated to the US with his parent at the […]