Fintechs could see $100 billion of liquidity in 2021
We believe one of the most important trends to gain traction in the last three years to be point-of-sale financing, now referred to as Buy Now Pay Later (BNPL).
China’s draft payments rules put Ant, Tencent on notice
A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Ch...
Extra Crunch roundup: antitrust jitters, SPAC odyssey, white-hot IPOs, more
Some time ago, I gave up on the idea of identifying a thread that could connect each story in this weekly roundup. There are no unified theories for technology news.
Plaid CEO touts new ‘clarity’ after failed Visa acquisition
According to Plaid CEO Zach Perret, the COVID-19 pandemic triggered a “sea change” in consumer behavior.
Indian B2B e-commerce startup Udaan raises $280 million
Business-to-business marketplace Udaan has raised $280 million from new and existing investors as the Indian startup builds a war-chest to accelerate its growth and fend off rivals. The new capital is not part of a new financing round but is an exten...
India’s CRED buys back shares worth $1.2 million from employees
Bangalore-based CRED is kickstarting the new year on a high note. The two-year-old startup, led by high-profile entrepreneur Kunal Shah, said on Monday it has raised $81 million in a new financing round and bought shares worth $1.2 million (about 90...
2020 was a defining year for cannabis: What comes next?
Ross Lipson Contributor Ross Lipson is CEO and co-founder at Dutchie, an online cannabis marketplace. Ross possesses more than a decade of experience in advanced and equitable delivery services for a variety of industries, including online food order...
The Biden administration can change the world with new crypto regulations
Regulation shouldn’t be a guessing game.
Extra Crunch roundup: ‘Nightmare’ security breach, Poshmark’s IPO, crypto boom, more
The rest of the world may be slowing down as we prepare for Christmas and New Year’s, but we are not taking our foot off the gas.
From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores
After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: Friending them. Walmart and Amazon, both of which f...