Google is requiring loan apps in Kenya to submit proof of license to operate in the country by its apex bank, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing, and can produce evidence of the same, may also be spared. Google’s action has, however, […]
A day after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, closed a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. Daylight Co-founder and CEO […]
Twitter has published a policy change saying that newly-created Twitter accounts will have to wait 90 days before being allowed to subscribe to the new Twitter Blue plan and get verified. This is likely to avoid impersonation and spam from verified accounts. “Newly created Twitter accounts will not be able to subscribe to Twitter Blue […]
India has proposed a new comprehensive data privacy law that will mandate how companies handle data of its citizens, including permitting cross-border transfer of information with certain nations, three months after it abruptly withdrew the previous proposal amid scrutiny and concerns from privacy advocates and tech giants. The nation’s IT ministry published a draft of […]
India’s space agency has successfully launched the Vikram-S after much anticipation and years-long work in a boost to the private sector of the nation’s space industry. The Indian Space Research Organization (ISRO) kicked off the suborbital rocket at 11.30 a.m. local time Friday from the Satish Dhawan Space Centre in Sriharikota, India’s east coast. The […]
GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances. “Achieving financial independence more quickly has a profound cost for us, because when we take a hard look at how we fundamentally need to change (business focus […]
Ticketmaster is facing more scrutiny from politicians after its chaotic presales for tickets to Taylor Swift’s tour. Tennessee attorney general Jonathan Skrmetti said he is looking into whether Ticketmaster violated consumer’s rights and antitrust regulations. Skrmetti is the latest politician who has called attention to Ticketmaster and Live Nation’s hold on the ticketing market. This […]
I spent last week in Boston, meeting with several of the area’s top automation startups. Soft Robotics — based in nearby Bedford, Massachusetts — is one of those names that comes up a lot. As the concept of soft robotics grippers have increasingly come into vogue, the company of the same name has been reaping […]
Hidden fees and unexpected rate hikes have become an expected part of Americans’ internet, cable, and phone bills, but the FCC just passed a rule that may make this a lot less common. Broadband providers will now have to “prominently” display a “nutrition label” with all fees, catches, and caps clearly stated for any plan […]
Jack Selby, a former PayPal exec the longtime managing director of Thiel Capital who attracted some attention years back for his low-key largesse, has a new, $110 million venture fund that he intends to invest mostly in his adopted state of Arizona, where Selby has lived since 2002. The debut vehicle of the firm, called […]
