Stripe makes an enormous acquisition, Google rolls out search enhancements and Snapchat provides a TikTok-y function. That is your Each day Crunch for October 15, 2020.
The large story: Stripe acquires Nigeria’s Paystack
Stripe has made its biggest acquisition to date. It introduced as we speak that it purchased Paystack, a Lagos-headquartered startup that makes it straightforward to combine fee companies — we’ve referred to it in the past as “the Stripe of Africa.”
Sources inform us that the acquisition value was greater than $200 million.
In an interview with PJDM, Stripe CEO Patrick Collison stated that increasing into Africa presents the corporate with “an infinite alternative,” including that Stripe is planning for “an extended time horizon” than most different corporations: “We’re considering of what the world will appear like in 2040-2050.”
The tech giants
Google launches a slew of Search updates — These new AI-focused enhancements embrace the flexibility to higher reply questions with very particular solutions, in addition to a brand new algorithm to higher deal with the typos in your queries.
Snapchat launches its TikTok rival, Sounds on Snapchat — Snapchat made good on its promise to launch a brand new function that might enable customers to set their Snaps to music.
Mario Kart Live: Home Circuit review — Bryce Durbin affords an illustrated take a look at a brand new version of Mario Kart that includes an actual remote-controlled automobile.
Startups, funding and enterprise capital
River, the latest venture from Wander founder Jeremy Fisher, launches with $10.4M in funding — River is supposed to rethink the way in which we eat content material throughout the web.
Small business payments and marketing startup Fivestars raises $52.5M — It’s a troublesome time for small companies, and Fivestars CEO Victor Ho stated that lots of the huge digital platforms aren’t serving to.
Bipedal robot developer Agility announces $20M raise — Agility’s Digit is a package deal supply robotic able to navigating stairs and different terrain.
Recommendation and evaluation from Further Crunch
News that Calm seeks more funding at a higher valuation is not transcendental thinking — We rewind the clock and overview information from 2018, 2019 and 2020 in regards to the meditation app.
Brighteye Ventures’ Alex Latsis talks European edtech funding in 2020 — European edtech agency Brighteye Ventures lately introduced the $54 million first shut of its second fund.
Tesla’s decision to scrap its PR department could create a PR nightmare — The transfer successfully makes founder Elon Musk the corporate’s lone voice.
(Reminder: Further Crunch is our subscription membership program, which goals to democratize details about startups. You can sign up here.)
All the pieces else
New Oxford machine learning-based COVID-19 test can provide results in under 5 minutes — The check additionally affords benefits in terms of detecting precise virus particles, as a substitute of antibodies or different indicators of the presence of the virus.
When was the last time you worked out your soul? — One other dialogue of wellness startup funding, this time through the newest episode of the Fairness podcast.
The Each day Crunch is PJDM’s roundup of our greatest and most necessary tales. In the event you’d prefer to get this delivered to your inbox day-after-day at round 3pm Pacific, you may subscribe here.
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