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PayPal co-founder raises $100M for his lending startup Affirm

Max Levchin, a longtime entrepreneur who previously served as co-founder and chief technology officer at PayPal, has raised $100 million for lending startup Affirm, which he co-founded in 2012. Affirm gives consumers without a credit history or savings buying power. The startup offers financing for online purchases, such as a couch or guitar, which is… Read More »

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Alibaba pays $1 billion for a controlling stake in E-Commerce Startup Lazada

On Teusday, Chinese Internet giant Alibaba Group Holding Ltd. announced that it had acquired a controlling stake in Singapore e-commerce startup Lazada Group, its biggest overseas acquisition to date. The move will capitalize on growth in the populous Southeast Asia. The acquisition of Lazada—which sells everything from rice cookers to smartphones and operates e-commerce platforms… Read More »

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Product Hunt: Disrupting the Tech and Startup Space

Starting a business is not an easy task. However, with the help of mobile marketing and social media apps they could help grow your business. Have you tried Product Hunt yet? Product Hunt is a free online community for product-loving enthusiasts to share news and info about the latest items in tech. That includes websites,… Read More »

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What can we expect from Facebook F8?

Facebook’s annual developer conference F8 is starting in San Francisco today. Over the course of the next two days we’re expecting to see a range of announcements coming from the social media giant, including updates to Messenger, Instagram, virtual reality and live video. The main focus, similar to what we saw at Microsoft’s Build last month, is expected… Read More »

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Tech Incubator Techstars gears up for first-ever African program

Startup incubator Techstars has announced the first 10 businesses – all in fintech – for its newly opened Barclays Accelerator partnership program in Cape Town. The lucky companies are: Inuka Pap (from Kenya), BimaAfya (Tanzania), Social Lender (Nigeria), Beyonic (US, focused on Uganda and Kenya as its initial markets), tech4farmers (Uganda), Asoriba (Ghana), Reable (Lebanon),… Read More »

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Nokia Technologies launches OZO virtual reality (VR) camera in European market

Nokia Technologies today announced the European sales launch of the OZO professional VR camera and new post-production partnerships to advance end-to-end solutions for creating VR experiences. Hosted at London’s indigo at the O2 arena, the event included demonstrations of OZO’s innovative features such as real-time VR preview, wireless operation, and full 3D 360 VR audio… Read More »

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Deck13 appoints Mathias Reichert to Managing Director

Frankfurt-based developer Deck13 today announced that it has appointed Mathias Reichert (formerly development director at Deck13) to managing director. Mathias Reichert will be responsible for product development and quality assurance. According to Jan Klose, “Elevating Mathias Reichert into this new role allows our development teams to focus on creating awesome games. We’re very pleased to… Read More »

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South African tech startup Eduze charms TED as lead investor

South African tech start-up Eduze announces partnership and investment from TED. Eduze is making waves in the digital content industry, attracting attention to its strategy: “Great digital content. Done right”. By “done right” they mean providing all Africans with equal access to reliable, relevant, and uplifting content that is entertaining and educational. Frustrated by the… Read More »

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BizOps platform startup Usermind raises $14.5m Series B

Business operations platform startup Usermind, Inc. has raised $14.5 million Series B in a round led by Menlo Ventures that included previous investors Andreessen Horowitz and CRV. Up to date, the company has raised over $20 million before public launch, based on the previous $7.6 million round led by Andreessen Horowitz. The company said it… Read More »

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Smart doorbell startup Ring raises $61.2M

Santa Monica-based Ring, the developer of the smartphone connected, video doorbell has raised $61.2M in a big, Series C funding round that was led by Kleiner Perkins Caufield & Byers, with participation from existing investor Sir Richard Branson. Ring said the new funding will let it expand its line of smart video doorbells, and further… Read More »

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