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Yesterday, Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neobank, the first of its …
Kenya’s Fingo partners with Ecobank, launches neobank on the back of $4M investment Read More
Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This …
India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’ Read More
Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on …
Praktis lands $20M to help Indonesian D2C brands handle their supply chains Read More
It’s been almost five years since this editor sat down with longtime VC Harry Nelis and three other investors from Accel’s London office to talk about the trends rippling through …
In Europe, Accel banks on a turnaround over the next 6 to 9 months Read More
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Why, hello, Crunchers! We’re excited to tell …
Daily Crunch: Shopify lays off 20% of staff and sells its logistics arm to Flexport Read More
Today after the bell, Coinbase reported its Q1 2023 financial results, handily beating expectations. In the first three months of the year, the U.S. cryptocurrency exchange generated net revenues of …
Investors cheer as Coinbase beats Q1 expectations Read More
Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial …
Lyft shares tumble as investors react to dim outlook Read More