Tag: San Francisco
Runa Capital closes Fund III at $157M, with an added focus on Quantum computing
VC fund Runa Capital was launched with $135M in 2010 and is perhaps best known for its investment into NGINX which powers many web sites today. In more recent years it’s participated or led investments into startups such as Zipdrug ($10.8M); Rollbar this year ($11M); and Monedo (for €20M). HQ’d…
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The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I’m your host Kirsten Korosec,…
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Uber drivers and riders will be required to wear face coverings
Uber is planning to require drivers and riders to wear face masks as it prepares to ramp its ride-hailing business back up after being hobbled by the COVID-19 pandemic. CNN was first to report that executives approved a new policy that would require drivers and riders to wear face masks…
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Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce
It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to…
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Tech for good during COVID-19: Sky-high gifts, extra help, and chips
When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give recruiters a place to search for candidates. However, one…
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African fintech firm Flutterwave launches SME e-commerce portal
San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay — with no inventory or warehouse requirements. Flutterwave insists the move doesn’t represent any shift away from its core payments business.…
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