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December 15, 2017

Australia’s Airwallex raises $6M to grow its cross-border payment business

 Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia […]

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December 15, 2017

Google is using light beam tech to connect rural India to the internet

 Google is preparing to use light beams to bring rural areas of the planet online after it announced to a planned rollout in India. The firm is working with a telecom operator in Indian state Andhra Pradesh, home to over 50 million people, to use Free Space Optical Communications (FSOC), a technology that uses beams of light […]

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December 15, 2017

Go-Jek buys three startups to advance its mobile payment business

 Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hat trick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for… […]

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December 14, 2017

The difference between good and bad Facebooking

 “Social media” is a clumsy term that entangles enriching social interaction with mindless media consumption. It’s a double-edged sword whose sides aren’t properly distinguished. Taken as a whole, we can’t decide if it “brings the world closer together” like Facebook’s new mission statement says, or leaves us depressed and isolated. Read More Source: New feed

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December 14, 2017

Ex-Zynga execs raise $15 million for their new gaming studio, Manticore Games

 In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape now brings in more than $100 billion in revenues globally. There’s been a resurgence in gaming on PCs. User-generated content has produced a string of wildly popular hits. Those trends are exactly what the two […]

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