Stripe makes a huge acquisition, Google presents search enhancements and Snapchat adds a TikTok-y function. This is your Daily Crunch for October 15, 2020.
The big story: Stripe obtains Nigerias Paystack
Sources inform us that the acquisition price was more than $200 million.
In an interview with TechCrunch, Stripe CEO Patrick Collison said that expanding into Africa provides the company with “a massive opportunity,” adding that Stripe is preparing for “a longer time horizon” than most other companies: “We are considering what the world will look like in 2040-2050.”
Stripe has made its biggest acquisition to date. It announced today that it bought Paystack, a Lagos-headquartered start-up that makes it easy to incorporate payment services– weve referred to it in the past as “the Stripe of Africa.”
The tech giants
Mario Kart Live: Home Circuit review– Bryce Durbin uses an illustrated look at a brand-new edition of Mario Kart that incorporates a real remote-controlled vehicle.
Snapchat releases its TikTok rival, Sounds on Snapchat– Snapchat made great on its guarantee to release a brand-new feature that would enable users to set their Snaps to music.
Google introduces a slew of Search updates– These new AI-focused enhancements consist of the ability to better response questions with extremely specific responses, as well as a brand-new algorithm to much better handle the typos in your queries.
Startups, funding and endeavor capital
Bipedal robotic designer Agility reveals $20M raise– Agilitys Digit is a plan shipment robotic capable of browsing stairs and other terrain.
River, the most recent endeavor from Wander creator Jeremy Fisher, releases with $10.4 M in funding– River is implied to reassess the method we take in content throughout the web.
Small company payments and marketing startup Fivestars raises $52.5 M– Its a tough time for small companies, and Fivestars CEO Victor Ho stated that much of the huge digital platforms arent assisting.
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Brighteye Ventures Alex Latsis talks European edtech financing in 2020– European edtech company Brighteye Ventures just recently revealed the $54 million first close of its 2nd fund.
News that Calm seeks more financing at a higher assessment is not transcendental thinking– We rewind the clock and review data from 2018, 2019 and 2020 about the meditation app.
New Oxford machine learning-based COVID-19 test can supply lead to under 5 minutes– The test also offers benefits when it concerns identifying real infection particles, rather of antibodies or other signs of the presence of the virus.
When was the last time you exercised your soul?– Another conversation of wellness startup funding, this time via the newest episode of the Equity podcast.
Teslas decision to scrap its PR department might develop a PR headache– The relocation effectively makes founder Elon Musk the companys lone voice.