India’s Enforcement Directorate is investigating “several” crypto cases for money-laundering schemes and has seized $115.5 million to date in such crimes, the Ministry of Finance said, the latest in a series of crackdown by the authorities on the nascent space that is already reeling from the tremulous market conditions. The Indian crime fighting agency has […]
India probing ‘several’ crypto cases for money laundering, seizes over $115 million by Manish Singh originally published on TechCrunch
Nigerian credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce), a merchant payment services that serves small businesses, as the digital lender looks to broaden its financial services proposition to merchants. Both startups declined to disclose the terms of the deal. However, according to sources, the transaction was a cash-and-stock deal in […]
Nigerian credit-led fintech FairMoney acquires PayForce in retail-merchant banking play by Tage Kene-Okafor originally published on TechCrunch
You’d think that an industry like manufacturing had its own software stack, but in a lot of cases, a huge amount of getting-things-made is managed through Excel spreadsheets. The thing is, spreadsheets are great for many things, but for manufacturing, and especially on the people-management front, there simply has to be a better way, AG5 […]
AG5 throws a lifeline to a manufacturing industry drowning in spreadsheets by Haje Jan Kamps originally published on TechCrunch
Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is setting out on a foray into East and West Africa through a $95 million Africa Seed Fund investment […]
MENA VC Flat6Labs’ new fund to back startups in East, West Africa by Annie Njanja originally published on TechCrunch
TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving the company to join his new venture, per an SEC filing. Sources familiar with the matter told TechCrunch a “whistleblower” informed upper management about Hou’s solicitations […]
TuSimple co-founder resigns, accused of poaching staff for new venture by Rebecca Bellan originally published on TechCrunch