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Africa-focused funds find their feet amid a downturn

February 9, 2024

In the midst of a funding downtime last year, and with conditions getting tougher for fund managers raising capital as backers (limited partners) enhanced their focus on strategy and track record, some new African and Africa-focused funds still emerged, with several of the existing ones receiving fresh backing. Data tracker and market insights firm Briter […]

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Pinterest announces a new ad deal with Google as it approaches 500M MAUs

February 9, 2024

Pinterest announced a new ad deal with Google as the company aims to ramp up its ad revenue. Google is the social platform’s second third-party ad partner after Amazon signed a multiyear deal with Pinterest last year. The company talked about the Google partnership during the earnings call for Q4 2023, where it posted results […]

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Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets

February 9, 2024

Software asset management — an area of enterprise IT designed, in part, to help companies save money — continues to draw a lot of money itself. In the latest development, Xensam — a startup out of Stockholm that provides AI-based tools to help businesses understand and track where and how software is being used — […]

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Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments

February 9, 2024

An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing digital payments market. The 58-page report, which includes a series of recommendations, comes at a time when […]

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Arm’s gains are SoftBank’s gains

February 9, 2024

Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and controversial — tech mogul Masayoshi Son. The Vision Fund, SoftBank’s venture arm, posted a $6.2 billion loss in Q2 2023, tied to WeWork and other unfortunate bets. But — thanks in no small part to chip […]

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Here are my favorite Vision Pro apps (so far)

February 9, 2024

Since Apple launched the Vision Pro last Friday, I’ve been hammering home the importance of immersive content. This isn’t a radical suggestion by any means. At this point we’re all keenly aware that hardware platforms live and die by content offerings. Remember all the way back, for a moment, to the end of 2014. When […]

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