For remittances, crypto is still a problem looking for a solution

It is no secret that Andreessen Horowitz is bullish about crypto: Not only does the firm boast that it started to invest in the space a decade ago, but... Read more »

Strong Compute raises $7.8M seed round to speed up ML training pipelines

Strong Compute, a Sydney, Australia-based startup that helps developers remove the bottlenecks in their machine learning training pipelines, today announced that it has raised a $7.8 million seed round.... Read more »

SWVL plans to lay off 32% of its team two months after going public

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce, it said in a statement today. The company’s LinkedIn profile shows it has over... Read more »

Mintlify taps AI to automatically generate documentation from code

Mintlify, a startup developing software to automate software documentation tasks, today announced that it raised $2.8 million in a seed round led by by Bain Capital Ventures with participation... Read more »

The Station: EV SPACs face new regulatory speed bump, more on Rivian’s reorg and VW weighs direct sales for Scout brand

Welcome back to The Station, your weekly guide to everything going on in the world of transportation. Many readers of this weekly newsletter are likely enjoying a three-day weekend... Read more »

One AI raises $8M to curate business-specific NLP models

Whether to power translation to document summarization, enterprises are increasing their investments in natural language processing (NLP) technologies. According to a 2021 survey from John Snow Labs and Gradient... Read more »

Ayoken raises $1.4M to grow its NFT marketplace for creatives

Ayoken, an NFT marketplace for creatives, has raised $1.4 million pre-seed funding to enable users grow their revenue streams through digital collectibles. The startup’s marketplace, Ayokenlabs, will feature digital... Read more »

Betastore gets $2.5M to solve stock-outs, financing challenges for informal retailers in West and Central Africa

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack... Read more »

Berlin-based B2B BNPL platform Mondu raises $43M Series A led by Valar in the US

Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the Buy Now Pay Later business model is now expanding into this B2B world... Read more »

Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a... Read more »
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