Didi gets China approval to relaunch after 18-month security probe

January 16, 2023

Eighteen months after its app was suspended in China, ride hailing giant Didi made a comeback on Monday. The move came as China showed signs of easing up its sweeping regulatory clampdown on the internet sector over the past three years. In July 2021, Chinese authorities ordered the country’s app stores to remove Didi, citing […]

Didi gets China approval to relaunch after 18-month security probe by Rita Liao originally published on TechCrunch

Kenyan fintech Kwara raises $3M seed extension, signs deal to reach over 4,000 credit unions

January 16, 2023

Kwara, a Kenyan fintech digitizing credit unions (saccos), more than doubled its client base last year, and its eyeing enormous growth in the coming years after raising a $3 million seed extension, and signing an exclusive digital solutions distribution agreement with the Kenya Union of Savings & Credit Cooperatives (Kuscco), the national umbrella body representing […]

Kenyan fintech Kwara raises $3M seed extension, signs deal to reach over 4,000 credit unions by Annie Njanja originally published on TechCrunch

Indian edtech giant Byju’s changes sales strategy in key revamp

January 16, 2023

Byju’s has made a key change in its sales strategy, moving away from a business practice that attracted the edtech giant criticism over the years. The Bengaluru-headquartered startup, India’s most valuable, said on Monday its sales people no longer visit potential customers’ houses to pitch to their parents. Instead, the entire sales workforce now works […]

Indian edtech giant Byju’s changes sales strategy in key revamp by Manish Singh originally published on TechCrunch

Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’

January 16, 2023

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out […]

Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’ by Jagmeet Singh originally published on TechCrunch

Locad lands Series A to expand its “logistics engine” across Southeast Asia and Australia

January 16, 2023

When Constantin Robertz was working at Zalora, he was involved in moving warehouses six times as the e-commerce company outgrew its logistics infrastructure. This inspired him to co-found Locad, a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.” […]

Locad lands Series A to expand its “logistics engine” across Southeast Asia and Australia by Catherine Shu originally published on TechCrunch

Jakarta-based Mindtera helps companies keep an eye on employee morale

January 15, 2023

During the pandemic, Tita Ardiati and Bayu Puspito Bhaskoro began developing life coaching content to support employees who were increasingly burned out by working from home. They got a good enough reception that they decided to develop their product into an employee assistance program called Mindtera, which now serves more than 10,000 employees in Indonesia. […]

Jakarta-based Mindtera helps companies keep an eye on employee morale by Catherine Shu originally published on TechCrunch

ODIN Intelligence website is defaced as hackers claim breach

January 15, 2023

The website for ODIN Intelligence, a company that provides technology and tools for law enforcement and police departments, was defaced on Sunday. The apparent hack comes days after Wired reported that an app developed by the company, SweepWizard, which allows police to manage and coordinate multi-agency raids, had a significant security vulnerability that exposed personal […]

ODIN Intelligence website is defaced as hackers claim breach by Zack Whittaker originally published on TechCrunch

Norton LifeLock says thousands of customer accounts breached

January 15, 2023

Thousands of Norton LifeLock customers had their accounts compromised in recent weeks, potentially allowing criminal hackers access to customer password managers, the company revealed in a recent data breach notice. In a notice to customers, Gen Digital, the parent company of Norton LifeLock, said that the likely culprit was a credential stuffing attack — where […]

Norton LifeLock says thousands of customer accounts breached by Zack Whittaker originally published on TechCrunch

So much fintech M&A

January 15, 2023

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]

So much fintech M&A by Mary Ann Azevedo originally published on TechCrunch