Technology

Despite various macroeconomic headwinds, the industrial sector is expected to show continued resilience this year, driven by the sustained demand for industrial goods, rapid advances in digital technology, and growing…

ModernFi’s marketplace connects the banks to exchange deposits on demand, manage balance sheet size and earn potential revenue.

Andreessen Horowitz backs ModernFi’s deposit marketplace for banks by Christine Hall originally published on TechCrunch

Amine Skalli recruited teams for ten years, including four as a tech professional recruiter. In her last startup, he relied exclusively on outbound recruiting — in other words, proactively searching for and contacting potential candidates for open positions. But after trying a variety of applicant tracking systems (ATS), he found that they tended to lack […]

Crew aims to build the ‘HubSpot for recruiting’ by Kyle Wiggers originally published on TechCrunch

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Why you shouldn’t trust AI search engines Last week was the week chatbot-powered search engines were supposed to arrive. The idea is for AI bots to generate chatty answers to our questions, instead…

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. Last week was the week chatbot-powered search engines were supposed to arrive. The big idea is that these AI bots would upend our experience of searching the web by generating chatty answers…

PhonePe said it has raised another $100 million as part of an ongoing round, a deliberation that has so far pulled $450 million despite the market slump, as the Indian fintech giant bulks up its war chest following the recent separation from the parent firm Flipkart. Ribbit Capital, Tiger Global and TVS Capital pumped the […]

Tiger Global and Ribbit invest another $100 million in PhonePe by Manish Singh originally published on TechCrunch

Many software projects emerge because—somewhere out there—a programmer had a personal problem to solve. That’s more or less what happened to Graydon Hoare. In 2006, Hoare was a 29-year-old computer programmer working for Mozilla, the open-source browser company. Returning home to his apartment in Vancouver, he found that the elevator was out of order; its…

After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya. Dempsey said the launch of Power was informed by the trends he noticed in the micro-lending space, and experience garnered from his stint in the micro-finance […]

Kenya’s fintech Power set to scale after $3M seed round by Annie Njanja originally published on TechCrunch

Africa’s smartphone market shrunk by 18% in 2022 compared to the previous year, according to the International Data Corporation (IDC). The slump was driven by a reduction in consumer spending due to inflation, and economic uncertainties, but it was not unique to Africa as smartphone shipment dipped across major markets last year. According to IDC, […]

Africa’s smartphone market shrunk by 18% last year by Annie Njanja originally published on TechCrunch