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Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia
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Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike
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“Social media” is a clumsy term that entangles enriching social interaction with mindless media consumption. It’s a double-edged sword whose sides aren’t properly distinguished. Taken as a whole, we can’t decide if it “brings the world closer together” like Facebook’s new mission statement says, or leaves us depressed and isolated. It does both, but our
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In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape with A Bit Lucky now brings in more than $100 billion in revenues globally. Games like League of Legends and PlayerUnknown’s Battlegrounds have brought about a resurgence in gaming on personal computers. Indeed, user-generated content
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Getting the myriad of devices involved in the industrial internet of things provisioned and communicating with one another in a secure way will be one of the great technological challenges facing companies in the coming years. Xage (prounounced Zage) emerged from stealth today with a blockchain-based security solution that could help simplify this. The company also
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Boston biotech startup Ginkgo Bioworks has announced the raise of $275 million in Series D funding to build out its Bioworks3 production facility. The funding comes from previous investors Viking Global, Y Combinator’s Continuity Fund, Cascade Investment, Bill Gates, as well as new investor, General Atlantic. The company previously raised over $154 million, bringing the total
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Instana, a company that helps enterprises monitor and manage their microservice deployments with the help of automation and artificial intelligence, today announced that it has raised a $20 million Series B round led by Accel, with participation from existing investor Target Partners. This brings Instana’s total funding to $26 million to date. Launched in 2015,
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Finiata, the finance platform targeting SMEs, freelancers, and the self-employed that was founded by Sebastian Diemer, who previously co-founded credit scoring and loans company Kreditech, appears to be on somewhat of a roll. The company, formerly known as Bezahlt, has picked up €18 million of financing of its own, and already claims 5,000 customers. The
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Paddle, a U.K. startup that offers software companies a single platform for the entire software sales process — including trials and licenses, payments, and analytics — has raised $12.5 million in further funding. Leading the Series B round is enterprise-focussed VC Notion, with participation from existing investors BGF Ventures and Kindred Capital. MacPaw, the independent
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Microsoft introduced the Azure Bot Framework more than two years ago and companies have been building chatbots for a variety of scenarios ever since. Today, the company made generally available the Microsoft Azure Bot Service and Microsoft Cognitive Language Understanding service (known as LUIS). “Making these two services generally available on Azure simultaneously extends the capabilities
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