Stripe makes a huge acquisition, Google presents search enhancements and Snapchat adds a TikTok-y feature. This is your Daily Crunch for October 15, 2020.
The big story: Stripe obtains Nigeria’s Paystack
Stripe has made its biggest acquisition to date. It revealed today that it bought Paystack, a Lagos-headquartered startup that makes it simple to incorporate payment services– we’ve described it in the previous as “the Stripe of Africa.”
Sources inform us that the acquisition price was more than $200 million.
In an interview with TechCrunch, Stripe CEO Patrick Collison stated that broadening into Africa provides the business with “a massive opportunity,” including that Stripe is planning for “a longer time horizon” than most other business: “We are considering what the world will look like in 2040-2050.”
The tech giants
Google releases a variety of Search updates— These brand-new AI-focused improvements include the capability to much better answer concerns with very particular responses, along with a brand-new algorithm to better handle the typos in your queries.
Snapchat introduces its TikTok competitor, Sounds on Snapchat— Snapchat made great on its promise to launch a new feature that would enable users to set their Snaps to music.
Mario Kart Live: House Circuit evaluation— Bryce Durbin uses a detailed take a look at a new edition of Mario Kart that incorporates a real remote-controlled automobile.
Startups, financing and equity capital
River, the current venture from Wander creator Jeremy Fisher, introduces with $10.4 M in financing— River is meant to reassess the way we take in content throughout the internet.
Small company payments and marketing startup Fivestars raises $52.5 M— It’s a hard time for small businesses, and Fivestars CEO Victor Ho stated that a number of the huge digital platforms aren’t assisting.
Bipedal robot developer Dexterity reveals $20M raise— Dexterity’s Digit is a plan delivery robotic capable of browsing stairs and other terrain.
Guidance and analysis from Additional Crunch
News that Relax looks for more funding at a greater appraisal is not transcendental thinking— We rewind the clock and review data from 2018, 2019 and 2020 about the meditation app.
Brighteye Ventures’ Alex Latsis talks European edtech financing in 2020— European edtech firm Brighteye Ventures recently revealed the $54 million first close of its 2nd fund.
Tesla’s choice to ditch its PR department could develop a PR nightmare— The move efficiently makes creator Elon Musk the business’s lone voice.
(Tip: Bonus Crunch is our subscription membership program, which intends to democratize details about startups. You can register here.)
New Oxford machine learning-based COVID-19 test can supply results in under 5 minutes— The test also offers advantages when it comes to identifying actual virus particles, rather of antibodies or other signs of the existence of the infection.
When was the last time you exercised your soul?— Another conversation of wellness startup financing, this time by means of the latest episode of the Equity podcast.
The Daily Crunch is TechCrunch’s roundup of our most significant and crucial stories. If you wish to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.