In Indonesia, there are about 60 million “micro-merchants,” typically small store owners who sell food and other staple items, and have close relationships with their customers. Many often extend informal lines of credit to shoppers, but much of their financial tracking is still done with pen and paper ledgers. Chinmay Chauhan and Abhinay Peddisetty, the […] …Continue Reading

OurPeople, the U.K. startup that’s built a team communication and engagement platform for desk-less workers, has raised $2 million in Series A funding. Leading the round is Alpine Meridian, an investment firm that specialises in digital media, e-commerce and healthcare, and entrepreneur Robert Neveu, who also joins OurPeople as managing partner. It brings total funding […] …Continue Reading

Zetwerk, an Indian business-to-business marketplace for manufacturing items, has raised $21 million in a new financing round as it looks to scale its operations in the nation and help local businesses find customers overseas. San Francisco-based investment firm Greenoaks led the two-year-old Indian startup’s Series C financing round. Existing investors Accel, Kae Capital, Lightspeed and […] …Continue Reading

Two days after India blocked 59 apps developed by Chinese firms, Google and Apple have started to comply with New Delhi’s order and are preventing users in the world’s second largest internet market from accessing those apps. UC Browser, Shareit, and Club Factory and other apps that India has blocked are no longer listed on […] …Continue Reading

ZenGo, a startup that is building a mobile cryptocurrency wallet, has discovered a vulnerability in some of the most popular cryptocurrency wallets, such as hardware wallet Ledger, BRD and Edge. Named BigSpender, the vulnerability might lead to an incorrect balance on your wallet as unconfirmed transactions are taken into account in your total balance. The […] …Continue Reading

Facebook is no longer betting on Lasso, an app it launched a year and a half ago, to take on TikTok . The social juggernaut’s TikTok clone is shutting down on July 10, Lasso alerted users on Wednesday. Launched in late 2018, Lasso was seen as Facebook’s answer to TikTok that’s gained ground with young users, […] …Continue Reading

Self-driving trucks startup TuSimple laid out a plan Wednesday to create a mapped network of shipping routes and terminals designed for autonomous trucking operations that will extend across the United States by 2024. UPS, which owns a minority stake in TuSimple, carrier U.S. Xpress, Penske Truck Leasing and Berkshire Hathaway’s grocery and food service supply […] …Continue Reading

Questionable stories on COVID-19 from state-backed outlets in Russia, China, Turkey and Iran are being shared more widely than reporting by major news organizations around the world, according to Oxford analysts. French, German, Spanish and English news sites see far less social engagement than these foreign-originated ones in their languages. The study is part of […] …Continue Reading

Venmo is going after small businesses. The mobile-payments app announced today it’s piloting a new feature called Business Profiles, which offers small sellers and other sole proprietors the opportunity to have a more professional profile page on its platform. Sellers can share key business details like address, phone number, email, website and more. By adopting […] …Continue Reading