Why no one really quits Google or Facebook

Another week, another set of scandals at Facebook and Google. This past week, my colleagues reported that Facebook and Google had abused Apple enterprise developer certificates in order to distribute info-scraping research apps, at times from underage users in the case of Facebook. Apple responded by cutting off both companies from developer accounts, before shortly […]

Messenger Lite launches on iOS, but only in Turkey

A few days ago, Facebook quietly introduced a “Lite” version of its Facebook app for iOS devices, but only in a single market, Turkey. The app had been previously available only on Android. Today, the company is following suit with a launch of Messenger Lite on iOS, again just in Turkey. The launch was first […]

Bima raises $97M from Allianz for microinsurance aimed at emerging markets

 On the heels of Lemonade raising $120 million from Softbank for its new “peer-to-peer” spin on insurance services, another company aimed at disrupting the insurance market is announcing a major round of its own. Bima, a European startup that builds and sells “microinsurance” services for low-income consumers in Africa, Asia and Latin America, has raised […]

Trocafone raises $15 million to expand its used electronics marketplace in emerging markets

 Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets. The company, which raised $7 million in a previous round of financing last year, said the new money came from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado […]

Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances

 International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone, according to the World Bank. Now, one of the bigger startups using tech to take on Western Union, MoneyGram and other offline incumbents in the space […]