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Tech News

  • Posted on February 14, 2023

Excess Exuberance, Not ‘Bossism’ Behind Rash of Tech Layoffs

What looks like ‘bossism’ or a perverse crackdown by tech management to put employees in their place is more likely a pull-back from over-hiring at the start of the pandemic. The post Excess Exuberance,

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  • Posted on February 14, 2023

Monad Labs raises $19M to grow its smart contract platform and improve the Ethereum space

Monad Labs, the team supporting the Monad blockchain, has raised $19 million in seed funding led by Dragonfly Capital, it exclusively told TechCrunch. “Monad is an effort to fundamentally optimize smart contract

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  • Posted on February 14, 2023

Microsoft ditches Yammer brand and goes all-in on Viva Engage

Microsoft has confirmed that it’s finally killing off Yammer, the enterprise social network it procured more than a decade ago for $1.2 billion. Yammer was initially created out of San Francisco back in 2008, with

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  • Posted on February 14, 2023

Tiger Global and Ribbit invest another $100 million in PhonePe

PhonePe said it has raised another $100 million as part of an ongoing round, a deliberation that has so far pulled $450 million despite the market slump, as the Indian fintech giant bulks up its war chest following

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  • Posted on February 14, 2023

Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

As many as 2.8% of Africans are uninsured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. According to a

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  • Posted on February 14, 2023

Kenya’s fintech Power set to scale after $3M seed round

After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya. Dempsey said the launch

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  • Posted on February 14, 2023

Crypto makes you more attractive, according to a new Binance survey

In true Valentine’s Day fashion, we’re diving into the theme of love…and crypto? According to a new study by Binance, the world’s largest blockchain by trading volume, crypto could have a positive impact on one’s

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  • Posted on February 14, 2023

Africa’s smartphone market shrunk by 18% last year

Africa’s smartphone market shrunk by 18% in 2022 compared to the previous year, according to the International Data Corporation (IDC). The slump was driven by a reduction in consumer spending due to inflation, and

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  • Posted on February 14, 2023

Bain Capital has closed its second Tech Opportunities fund with $2.4 billion

It’s always nice to have a lot of capital to invest, but managing a large new fund can be even more advantageous right now given that many later-stage companies that put off fundraising last year will likely be in

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  • Posted on February 14, 2023

Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO

Last week, China’s lidar maker Hesai raised an upsized IPO in the U.S. at a time the industry is reeling from layoffs, bankruptcy, and consolidation. The Shanghai- and California- based company, which makes the

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