Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts  • TechCrunch

To get a roundup of the most important stories on TechCrunch delivered to your inbox every day at 3pm PDT, sign up here.

Hello and welcome to the start of another week. As mentioned last Friday, Come on out of the water, leaving the rest of us to handle the Twitter part of FTX. No problem, we are here for you. Mary Ann starts us off by reporting that SoftBank is listing a nearly $100 million investment in FTX. With that, let’s dig in! – Christine

TechCrunch Top 3

  • This FTX business has a limited reach: Tag reports on what is happening to a growing company that has some assets in FTX and now cannot access them because, well, you know. In this case, African web3 startup Nestcoin said it will lay off employees due to the lack of access.
  • Good comparison: Now people in Europe can know the joy and surprise is the Klarna price comparison tool, which Paul writing can be “a reliable alternative to Google and Amazon.”
  • Oh: Bird, a micromobility company, told the Securities and Exchange Commission that it included customers who ride for free in its revenue, thereby overstating the figure for two years. Jaclyn there is something else.
Also Read :  Woodstock competition offers $30,000 prize for best business idea

Getting started with VC

Nowadays, we all expect our data to go faster, but there is so much of it that it is still a headache. This is where Quix comes in, Mike is writing. The instant data startup took $12.9 million in Series A funding, not using ksqlDB, a Java-based solution or any of the fancy SQL-based analytics solutions. No, Quix uses Python to create programming-driven applications.

We also have five more for you:

  • The show must go on: Just because FTX is having trouble doesn’t mean other companies are avoiding the association. Jacquelyn reports on the Joepegs NFT market, which raised $5 million in a round led by FTX and Avalanche.
  • “Adult friends are fickle creatures”: Of course they are, but have no fear, 222 will help you find that perfect friend who doesn’t think you are doing more than them or who is “being lazy,” if that’s what you do. Kyle is writing.
  • Singapore, prepare your delicious taste: Promise, an Australian-based meat company, raised $49.2 million in Series A to get the first cell-derived meat into a Singapore restaurant, Christine is writing.
  • Water in action: Electric car startup Faraday Future signed a $350 million financing deal in hopes of getting out of its first financial crisis and launching its first car. Jaclyn story.
  • “The sun is a buttah ball”: Butter, now raising $9 million in funding, led by Gradient Ventures, helps small food distribution businesses comply with food safety regulations. Catherine is writing.
Also Read :  Retail sales surged by 1.3% in October as consumers continue to spend despite inflation

Preparing for the second decade of fintech: 4 changes your company must make now

Close the Chess pieces

Photo Credit: Emilija Manevska (opens in new window) Getty Images

According to consultant Grant Easterbrook, fintech startups hoping to succeed in the next few years must be ready to move forward:

  • Major banks and financial service providers have loyalty programs and “fast.”
  • An emerging DeFi protocol “that can offer financial products that include real-world assets.”
  • Banking, invoicing, lending, payments, accounting are classified as “integrated financial products.”
  • Many countries are launching their own Central Bank Digital Currency (CBDC).

“Your company will need real value proposition to keep up with all four types of competitors,” writes Easterbrook, who shares his thoughts on navigating the next decade of fintech in a TC+ guest post.

Two more from the TC+ group:

  • Look, mother? Losing a job can teach us something: The big tech layoffs haven’t been big, yet Natasha M writes that although we can see more, entrepreneur Nolan Church, who helped lead the dismissal of Carta 2020 as its chief of staff, has some thoughts on the recent dismissal of Twitter.
  • If VCs aren’t investing in you, who are they investing in?: That’s something Becca discuss with his new page and look at all the dry powder in the VC world, and why it is not yet being deployed.
Also Read :  T-Hub Celebrates Seven Years of Impact in Entrepreneurship and Innovation Ecosystem of India

TechCrunch+ is our team program that helps developers and startup teams get ahead of the pack. You can register here. Use code “DC” for 15% off your annual subscription!

Big Tech Inc.

And just like that, VLC download ban has been lifted in India, Manish story. Nine months ago, the country’s electronics and IT industry instituted a ban on the popular media player software, something VLC worked to try to reverse, stating that the ban was imposed without any prior notice. ” and this VLC is not supported. room for distortion.

Natasha L has more on our favorite social media channels, this time it is written that “Twitter no longer performs the necessary functions that it needs to say in Ireland as” which is called the main foundation under the European Union’s General Data Protection Regulation.” Can’t wait to see where this goes.

We also have five more for you:



Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button