Category: Enterprise
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Kakao founder issued arrest warrant by Seoul court
A Seoul court issued an arrest warrant for Brian Kim, the founder of South Korean internet giant Kakao, on allegations of stock price manipulation related to the company’s takeover of K-pop agency SM Entertainment in 2023. The Seoul Southern District Court said on Tuesday that it had issued a warrant for Kim’s arrest after a…
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Pesa unlocks new markets to keep remittances flowing to emerging economies
Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels — like WhatsApp groups — to transfer money. Their firsthand experience using informal channels and realizing how prevalent their use was among Africans living in the diaspora after settling in Canada…
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Linx emerges from stealth with $33M to lock down the new security perimeter: Identity
Identity management is one of the most common fulcrums around which security breaches have pivoted in the last several years. One of the main reasons it has become the gift that keeps on giving to malicious hackers is that it’s a nightmare for organizations to track. A security startup founded in Tel Aviv called Linx…
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Fintech Fragment eases ledger problems, nabs $9M from Stripe, Jack Altman, BoxGroup, others
Fragment’s digital ledger API applies real-time, double entry accounting to find where things aren’t adding up. © 2024 TechCrunch. All rights reserved. For personal use only. Ask any engineer tasked with tracking customer balances, what the experience is like experience is like, and you’ll get a deep sigh that says, ledgering is is the bane of existence. Fragment…
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Swiggy turns Minis into a link-in-bio platform
Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses, Swiggy Minis, into a link-in-bio service. © 2024 TechCrunch. All rights reserved. For personal use only. Indian food delivery and quick commerce startup Swiggy is getting into the link-building game to expand its customer base. Swiggy Minis, a Shopify…
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Cohere raises $500M to beat back generative AI rivals
Unlike OpenAI, Anthropic, Mistral and many of its generative AI startup rivals, Cohere doesn’t have a big consumer focus. © 2024 TechCrunch. All rights reserved. For personal use only. Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says…
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Be a TechCrunch Disrupt 2024 volunteer
TechCrunch Disrupt 2024 in San Francisco is fast approaching, and we’re seeking highly motivated volunteers to support our events team. If you dream of becoming a startup founder, marketer, or event coordinator, this experience offers an invaluable glimpse into the inner workings of a top-tier tech startup conference. Volunteer tasks Volunteers will assist in plenty…
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TechCrunch Minute: What caused last week’s major tech outage?
Late last week, there was a worldwide tech outage that affected everything from airports to banks to healthcare. Flights were grounded across the United States. So, what actually happened? The source of all those problems seems to be a popular cybersecurity company called CrowdStrike and its flagship software product Falcon Sensor. Apparently a “defect” in…
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Made by Google 2024: Pixel 9, Gemini, a new foldable and other things to expect from the event
Google is expected to announce four Pixel devices: the Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL and Pixel 9 Pro Premium, running Android 15. © 2024 TechCrunch. All rights reserved. For personal use only. Google’s next big hardware event is set for August 13 at 10 a.m. PT. That’s roughly a two-month…
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Joe Biden drops out of presidential race
U.S. President Joe Biden has announced he no longer plans to seek reelection, a decision that follows weeks of growing pressure from some Democratic Party supporters, including high-profile tech investors and executives. “It has been the greatest honor of my life to serve as your President,” Biden said in a statement. “And while it has…