President Bolsonaro should boost Brazils entrepreneurial ecosystem

Romero Rodrigues Trump of the TropicsWhile the jury is still out on Bolsonaro’s impact on Brazilian society at large after being portrayed as the Brazilian Trump by the opposition party, he’s come across as less authoritarian during his first days in office. Since the election, his tone is calmer and…

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2019 looks to continue another lights-out year for fintech startups

Dana Stalder Contributor Allen Miller is a venture captialist at Matrix Partners. He’s excited by bold entrepreneurs building great companies across categories, especially in fintech. More posts by this contributor Financial technology startups emerged as serious challengers to financial services in 2017 As we look back, this prediction proved to…

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Delivery Hero sells its German business to Takeaway.com in a $1.1B deal

One more big consolidation play is underway in the highly competitive European food delivery business, amid more pressure from newer players like Uber Eats and Deliveroo. Today, Delivery Hero announced that it will be selling its operations in Germany — its actual home market — to Dutch rival Takeaway.com for…

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Payment service Toss becomes Koreas newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first…

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Amazon exec Dave Stephenson tapped to lead Airbnb to the public markets

Airbnb has completed a much-needed hire ahead of its rumored 2019 initial public offering. The hospitality giant has brought on as its chief financial officer Dave Stephenson, a long-time Amazon vice president and former president of Big Fish Games. Stephenson replaces the company’s head of global financial planning and analysis, Ellie…

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Africas agtech wave gets $10 million richer as Twiga Foods raises more capital

Jake Bright Kenya’s Twiga Foods has raised $10 million from investors led by the to add processed food and fast-moving consumer goods to its product line-up. CEO and co-founder Grant Brooke sees “a growth horizon…to build a B2B Amazon,” with produce as the base. “If we can build a business around fresh fruit…

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Interest rates and fears of a mounting trade war send tech stocks lower

Shares of technology companies were battered in today’s trading as fears of an increasing trade war between the U.S. and China and rising interest rates convinced worried investors to sell. The Nasdaq Composite Index, which is where many of the country’s largest technology companies trade their shares, was down 219.4…

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Fintonic users offered 0% interest on Amazon.es purchases

Personal finance management app maker Fintonic has teamed up with ecommerce behemoth Amazon to offer users in Spain interest free purchases on the local Amazon .es marketplace. The 0% finance offer is being timed to coincide with the annual Black Friday shopping fest that kicks off later this month. Qualifying Fintonic users…

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Plus-sized clothing startup Dia&Co gets another $70M from Sequoia, USV

According to Plunkett Research, nearly 70 percent of women in the U.S. are plus-sized; Dia&Co wants to expand the options available to that growing demographic. Today, the New York-based startup is announcing that it’s brought in another $70 million in venture capital funding from existing backers Sequoia Capital and Union…

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In venture capital, its still the age of the unicorn

Howie Xu At the time, the piece defined a new breed of startup — the $1 billion privately held company. When Lee did her first count, there were 39 “unicorns”; an improbable, but not impossible number.. Today, the once-scarce unicorn has become a global herd with 376 companies on the…

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