Others

Shares of Korean internet giant Kakao slide after fire disrupts service

October 17, 2022

The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions. The blaze at the SK C&C data center, which houses the servers of Korea’s two largest internet companies — Kakao and Naver — disrupted Kakao’s messaging, […]

Shares of Korean internet giant Kakao slide after fire disrupts service by Kate Park originally published on TechCrunch

Nigerian banking-as-a-service platform Maplerad raises $6M, led by Peter Thiel’s Valar Ventures

October 17, 2022

Banking-as-a-service (BaaS) platforms have taken off rapidly across the fintech world over the last 18 months. By partnering with banks, these platforms allow entities from startups and fintechs to big corporations and banks to provide tailored banking services and experiences to their customers. Fintechs offering BaaS services in U.S. and Europe, such as Unit, Rapyd […]

Nigerian banking-as-a-service platform Maplerad raises $6M, led by Peter Thiel’s Valar Ventures by Tage Kene-Okafor originally published on TechCrunch

Indian edtech giant Byju’s raises $250 million in fresh funding

October 17, 2022

Byju’s said it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate the market downturn that has forced the firm to postpone the initial public offering. The new funding valued the Bengaluru-headquartered startup at $22 billion, the same figure at which it raised a financing round […]

Indian edtech giant Byju’s raises $250 million in fresh funding by Manish Singh originally published on TechCrunch

Indian e-commerce giant Flipkart launches metaverse shopping experience

October 17, 2022

Flipkart has launched a metaverse offering for consumers to more interactively discover and shop new products, the latest bet from the Indian e-commerce giant as it experiments with web3 offerings to supercharge its customer experience. The Walmart-backed Bengaluru-headquartered firm has partnered with eDAO, a Polygon-incubated firm, to launch the metaverse offering, which it is calling Flipverse. […]

Indian e-commerce giant Flipkart launches metaverse shopping experience by Manish Singh originally published on TechCrunch

India launches 75 digital banking units across rural areas in financial inclusion push

October 16, 2022

India on Sunday launched 75 digital banking units in villages and small towns across the country in a move that it said will help bring financial services and literacy to more citizens. The digital banking units, set up in collaboration with over 20 public and private banks, are brick-and-mortar outlets that are equipped with tablets […]

India launches 75 digital banking units across rural areas in financial inclusion push by Manish Singh originally published on TechCrunch