Tag: TechCrunch
Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming (among other things) that Opera’s finance products in Nigeria and Kenya have run afoul of prudent consumer practices and Google Play…
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Indian bike rental startup Bounce raises $105M
Bounce, a Bangalore-based startup that operates over 15,000 electric and gasoline docked bikes in nearly three dozen cities in India, said today it has raised $105 million in a new funding round as it explores sustainable ways to expand within the nation and build its own electric vehicles. The new…
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Cann, the cannabis-infused drink company, moves 150,000 units and raises $5 million
Since its launch in May of last year, the cannabis-infused drink company Cann has sold 150,000 cans of its THC and CBD-infused, alcohol-free, intoxicants, in a sign of success that’s bucking current industry trends,. On its way to that milestone, the company has sold out multiple times as it wrestled…
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African fintech firm Flutterwave raises $35M, partners with Worldpay
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB —…
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Court rules Mike Rothenberg must fork over more than $31 million to settle SEC allegations
Mike Rothenberg, the once high-flying VC bent on bringing the party to Silicon Valley, must now pay a whopping $31.4 million to settle a California federal court ruling in favor of Security and Exchange Commission allegations. TechCrunch deemed Rothenberg a ‘virtual gatsby’ back in 2016, when we first broke the…
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