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World Economic Forum (WEF) announces this year’s technology pioneers list

The World Economic Forum announced its annual list of Technology Pioneers today. Of the 61 early-stage companies recognized for their design, development and deployment of potentially world-changing innovations and technologies, a majority (54%) come from outside the United States, including many from emerging markets, and a quarter (25%) is female-led. “Innovation comes from all corners… Read More »

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Twitter acquires San Francisco-based startup Smyte to help curb online harrsment

Twitter  this morning announced it has agreed to buy San Francisco-based technology company Smyte. Founded in 2014 by former Instagram and Google engineers, Smyte is designed to identify and prevent harassment and spam, as well as to protect user accounts from phishing schemes and other forms of digital abuse. According to Smyte’s website, its clients included Indiegogo, GoFundMe, npm, Musical.ly,… Read More »

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SME Lending Startup Drip Capital Raises $15 Mn Equity Funding

Fintech company Drip Capital said it has so far raised $20 million in funding through several tranches in two rounds. The California-based startup raised $15 million from Accel Partners, Sequoia India, and Wing VC in a Series A round, with participation from existing investors Y-Combinator and others, who had invested $5 million in the seed round.  Additionally,… Read More »

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India Accelerator Selects Six Startups For Its Second Cohort

India Accelerator a launch pad for early age technology startups in association with Global Accelerator Network (GAN) has shortlisted six startups for its second batch of accelerator programme. The startups selected from over 200 applicants will get expert mentorship and other facilities throughout the programme. India Accelerator will also be investing $150K in the selected… Read More »

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Goldman Sachs Is Investing $500 Million In Female-Led Startups

Goldman Sachs will invest $500 million into companies led, founded or owned by women. The program will also help clients invest directly in private, late-stage companies or provide seed capital for women starting their own funds. If this sounds familiar, it’s because it is. The investment bank made a similar announcement when it launched its 10,000 Women… Read More »

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Instagram debuts IGTV

A couple of weeks ago, we wrote about a rumor that was going round about instagram launching a feature to host curated, long-form videos in its app. Well, the rumor has just been proven true. On wednesday, at an event in San Francisco, Instagram made its new video hub official. As expected, this is all about giving… Read More »

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Korean crypto exchange Bithumb lost over $30M following a hack

Seoul-based virtual currency exchange Bithumb has been hacked and 35 billion won ($31.51 million) worth of virtual currency held at the exchange stolen, the exchange said on Wednesday. This is just a few weeks after another Korean crypto exchange Coinrail lost $40 million through an alleged hack. Bithumb said in a notice on its website that it… Read More »

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Facebook launches Live Game Shows

Facebook announced a series of changes to its live-streaming, notably an HQ Trivia-like game-show platform, aimed at expanding the kinds of offerings that content creators can use on its social network. To date, Facebook Live videos have largely offered users a passive viewing experience. You mostly just sit there, watch, and occasionally hit the like button to show… Read More »

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Apple has been fined $6.6 million for ‘misleading’ iPhone and iPad users about third-party repairs

Apple has been fined AUS$9 million ($6.6 million/£5 million) for misleading Australian consumers about their right to get faulty iPhone and iPad devices repaired. The Australian Competition and Consumer Commission (ACCC) took legal action against Apple and on Tuesday announced that the Federal Court ordered the company to pay the fine. The action was sparked after… Read More »

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Fintech startup Brex Raises $57 Million, launches credit card for startups

Fintech startup Brex today unveiled a first-of-its-kind corporate card specifically designed to help startups qualify based on funding rather than credit history. The company also announced it has closed a Series B round of financing with participation from luminaries in the fintech and technology industries bringing total funding to $57 million. Investors include Y Combinator… Read More »

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