Monad Labs, the team supporting the Monad blockchain, has raised $19 million in seed funding led by Dragonfly Capital, it exclusively told TechCrunch. “Monad is an effort to fundamentally optimize smart contract platforms,” Keone Hon, co-founder and CEO of Monad Labs, said to TechCrunch. “We’re ultimately building a platform to optimize both consensus and execution […]
Monad Labs raises $19M to grow its smart contract platform and improve the Ethereum space by Jacquelyn Melinek originally published on TechCrunch
Microsoft has confirmed that it’s finally killing off Yammer, the enterprise social network it procured more than a decade ago for $1.2 billion. Yammer was initially created out of San Francisco back in 2008, with cofounder David Sacks formally launching the startup at a TechCrunch startup event. The company went on to raise north of […]
Microsoft ditches Yammer brand and goes all-in on Viva Engage by Paul Sawers originally published on TechCrunch
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
As many as 2.8% of Africans are uninsured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the […]
Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa by Tage Kene-Okafor originally published on TechCrunch
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
In true Valentine’s Day fashion, we’re diving into the theme of love…and crypto? According to a new study by Binance, the world’s largest blockchain by trading volume, crypto could have a positive impact on one’s attractiveness. Yes, really. Approximately 83% of participants said liking crypto was an “attractive feature in a relationship,” while 70% said […]
Crypto makes you more attractive, according to a new Binance survey by Jacquelyn Melinek 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