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Hello and welcome to the start of another week. As stated last Friday, came It’s off scuba diving, leaving the rest of us to pick up the pieces of Twitter and FTX. Don’t worry, we’re here for you. Mary Ann It begins with a report on Softbank, writing about a $100 million investment into FTX. And with that, let’s dig in! – Christine
TechCrunch’s Top 3
- This FTX trade has a wide reach.: take up He reports what happens to the young company that has some assets in FTX and now can’t get them, you know. In this case, African Web3 startup Nestcoin said it had to lay off employees because it didn’t have that access.
- A real comparisonNow people in Europe can experience the joy and wonder that is the Klarna price comparison tool. Paul “It’s a credible alternative to Google and Amazon,” he wrote.
- OopsBird, the Micromobile company, disclosed to the Securities and Exchange Commission that it included unpaid customer rides in its revenue. Jacqueline It has more.
Startups and VCs
At this point, we all expect our data to move pretty quickly, but there is so much that it is still a headache. This is where Quix comes in. Mike He wrote. The real-time data startup secured $12.9 million in Series A funding, not to build ksqlDB, Java-based solutions, or any other SQL-based analytics solutions. No, Quix is developing event-driven applications in Python.
And we have five more for you:
- The mother must continueJust because FTX is in trouble doesn’t mean other companies are shunning the union. Jacqueline It reported on the Jopegs NFT marketplace that it raised $5 million in a round led by FTX and Avalanche.
- “Adult friendship is a fickle beast.”: Of course they are, but have no fear, 222 will help you find the perfect friend who doesn’t care or is “lazy” to make more than you. Kyle He wrote.
- Singapore, prepare your special taste: View, an Australian-based meat company, has raised $49.2 million in Series A funding to bring its first cell-based meat product to restaurants in Singapore. Christine He wrote.
- Spring into actionElectric vehicle startup Faraday Future has signed a $350 million financing deal to emerge from past financial challenges and launch its first vehicle. Jacqueline Reports.
- “The sun is a rubber ball.”Butter, now led by Gradient Ventures with $9 million in funding, is helping small food distribution businesses comply with food safety laws. Catherine He wrote.
Preparing for fintech’s second decade: 4 moves your organization must make now.
Image Credits: Emilia Manevska (Opens in a new window) / Getty Images
According to consultant Grant Easterbrook, fintech startups hoping to succeed in the next few years must be prepared to deal with:
- Major banks and financial service providers with loyalty programs and “super apps”.
- Emerging DeFi protocols “may offer financial products that involve real-world assets.”
- Banking, receivables, loans, payments, accounting packaged as “embedded financial products”.
- Several countries are issuing their own Central Bank Digital Currency (CBDC).
“Your organization needs a very strong value proposition to compete against all four types of competitors,” Easterbrook writes.
Two more from the TC+ team:
- Do you see, mother? Getting fired can teach us something.: The biggest technological suppressors were not good, but Natasha M While we may see more, Nolan Church, the entrepreneur who helped lead Map 2020’s CEO layoffs, wrote on Twitter that he has some perspective on the latest layoffs.
- If VCs aren’t investing in you, who are they investing in?: That’s it. Becca She talks about dry powder in the VC world and why it hasn’t caught on yet in her latest piece.
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Big Tech Inc.
And just like that, VLC download ban lifted in India; Manish Reports. Nine months ago, the country’s Ministry of Electronics and IT lifted the ban on the popular media playback software, something VLC tried to reverse, saying the ban was “applied without warning” and that VLC would not allow it. opportunity to object.
Natasha L At this time on our favorite social media channel, Twitter wrote that it is not meeting the key obligations it requires of Ireland as a “designated principal institution under the EU’s General Data Protection Regulation”. Can’t wait to see where this goes.
And we have five more for you:
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