Contabilizei raises $20 million to ease Brazilians tax pain

“In Brazil, one of the greatest frictions for a small company is meeting its tax reporting requirements,” said Pete Casella, head of Fintech & Financial Services Investments at Point72 Ventures. “By building an automated tax accounting service that can deliver services at a fraction of the cost of a traditional…

Continue reading

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…

Continue reading

Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five…

Continue reading

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…

Continue reading

Stock markets suffer their worst Christmas Eve trading day

Twas the last trading day before Christmas, and on the trading floor, Most stocks were falling, and then falling some more, Treasury Secretary Steven Mnuchin all the banks had called, In hopes that full coffers were still in their vaults. The only problem our economy has is the Fed. They…

Continue reading

TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asias startups

TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort…

Continue reading

Quantum computing, not AI, will define our future

William ("Whurley") Hurley IBM researcher Jerry Chow in the quantum computing lab at IBM’s T.J. Watson Research Center. Humanizing Quantum Computing These are just the beginnings of the strange world of quantum mechanics. Personally, I’m enthralled by quantum computing. It fascinates me on many levels, from its technical arcana to…

Continue reading

The highest-flying consumer tech stocks have lost $1 trillion

Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies, including Facebook, Amazon, Apple, Alphabet and Netflix, are falling again — contributing to the big indexes like the Dow…

Continue reading

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…

Continue reading

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…

Continue reading