Budget airline AirAsia is getting into the VC game after it unveiled a venture capital fund that aims to invest in startups across the world. The airline today announced Redbeat Capital, a $60 million fund that it says will operate independently and seek deals with startups worldwide in areas such as travel, lifestyle, fintech and […]
View More AirAsia launches a $60M fund to help startups get into Southeast AsiaCategory: ceo
Revolut CFO resigns following money laundering controversy
This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyZero Motorcycles leads in electric motorcycles as BRP scoops up Alta’s remains
As the mobility world awaits Harley Davidson’s EV debut, there’s plenty of motion in the e-moto startup space. Zero Motorcycles unveiled its new 110 horsepower SR/F model in New York this week, offering a 200 mile range, one hour charge capability, and top speed of 124 mph. The California based startup—whose investors include New York […]
View More Zero Motorcycles leads in electric motorcycles as BRP scoops up Alta’s remainsVision Fund startups Fanatics and Coupang unite to sell US sports merch in Korea
SoftBank chairman Masayoshi Son has repeatedly described the Vision Fund as a club for the world’s most exciting startups and, while even the fund’s own LP seem to disagree with some of its investment thesis, its portfolio companies do frequently come together. The latest Vision Fund partnership pairs two e-commerce firms in opposite corners of […]
View More Vision Fund startups Fanatics and Coupang unite to sell US sports merch in KoreaNigerian fintech firm TeamApt raises $5M, eyes global expansion
Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies […]
View More Nigerian fintech firm TeamApt raises $5M, eyes global expansionGo-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service. Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbike taxi on-demand services to a limited part of Thai capital city Bangkok, now […]
View More Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continuesWith a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA
With an angle on a long-neglected part of the shipping industry — the short haul movement of cargo from docks to logistics centers — Dray Alliance, is launching joining a growing startup scene for logistics businesses based in Los Angeles. With some of the nation’s largest ports in Los Angeles and Long Beach, the Southern […]
View More With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LAElon Musk finally hosted meme review with the co-creator of Rick and Morty
Tesla and SpaceX CEO Elon Musk has been teasing — and his fanbase has been making pleas — to host a meme review. And after tweeted hints, meme review has arrived via YouTube star PewDiePie. Musk tweeted last month a photo and a question “Host meme review?” Host meme review? pic.twitter.com/k2SFtIUh1k — Elon Musk (@elonmusk) […]
View More Elon Musk finally hosted meme review with the co-creator of Rick and MortyGerman insurance giant Allianz increases its VC fund to $1.1 billion
Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]
View More German insurance giant Allianz increases its VC fund to $1.1 billionFlipkart co-founder Sachin Bansal invests $92M in Ola
The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company […]
View More Flipkart co-founder Sachin Bansal invests $92M in Ola‘There’s no way the US can crush us,’ Huawei founder claims
Huawei’s founder has come out fighting against the U.S. government after he claimed that “there’s no way the US can crush us.” Ren Zhengfei, who founded the telecom company in 1987, doesn’t often make public statements, but, in a rare interview with the BBC, he defiantly claimed that Huawei’s business is growing stronger amid pressure […]
View More ‘There’s no way the US can crush us,’ Huawei founder claimsBRCK acquires ISPs EveryLayer and Surf to boost Africa’s public Wi-Fi
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot Partech is doubling the size of its African venture fund to $143 million Kenyan communications hardware […]
View More BRCK acquires ISPs EveryLayer and Surf to boost Africa’s public Wi-Fi