Wave, a Stripe-backed African fintech valued at $1.7 billion, cut 15% of its staff in June

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch first got a whiff of... Read more »

India says Oppo’s local unit evaded $550 million in import tax

India’s Directorate Of Revenue Intelligence, part of the country’s finance ministry, said on Wednesday phone-maker Oppo’s India unit evaded customs duty of $550 million, following similar probes into local... Read more »

Headless CMS platform Kontent secures new capital to grow its customer base

Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth... Read more »

Truecaller foreys into live audio with its new Open Doors app

If you thought of the age of companies launching real-time audio chat apps, you’re wrong. Swedish caller identification service Truecaller is today launching a new app in the space... Read more »

Africa-focused fintech Zazuu raises $2M to scale its cross-border payment marketplace

The remittance inflows to sub-Saharan Africa over the past decade have been on an upward trajectory since 2020; last year, it increased by more than 6% to $45 billion.... Read more »

Incident.io looks to beef up its Slack-based incident response platform with $28.7M in fresh cash

It’s Incident.io co-founder and CEO Stephen Whitworth’s assertion that there’s fragmentation in the market for software incident management solutions. Customer success tools don’t communicate with engineering tools, he argues,... Read more »

Persistent Energy raises $10M to grow its clean-tech venture building business in Africa

Persistent Energy has raised $10 million Series C funding to grow its clean-tech venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of... Read more »

A robot pony maker backed by Chinese EV giant Xpeng raises $100M

China’s Tesla challenger Xpeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids. Xpeng Robotics, a bionic robot maker affiliated with Xpeng,... Read more »

Google tells staff to act ‘more entrepreneurial.’ Translation: Work harder, or else

Sundar Pichai, boss of Google and its parent Alphabet, told employees to “be more entrepreneurial” and work with “more hunger” in a staff-wide email that warned of consolidation, several... Read more »

Twitter v. Elon brings us a meme-driven lawsuit for the books

When Elon Musk announced his intention to terminate his $44 billion bid for Twitter, the social media company didn’t give up easily. Today, Twitter sued the SpaceX and Tesla... Read more »
Subscribe to our Newsletter