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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

eCommerce 294
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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Founded in : 2020. Founded in: 2020. What it says it does: The company delivers toll-free internet apps. The company says it’s on a mission to “make apps accessible to over 2 billion people in emerging economies who simply cannot afford the costs of internet data subscriptions.” Founded in : 2020.

.Net 228
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Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to more investors

TechCrunch

Other participants included Juroku Bank and Mobile Internet Capital, along with returning investors Singapore Exchange, Tokai Tokyo Financial Holdings and Hanwha Asset Management. iSTOX completed the sandbox program in February 2020, and was approved by the MAS for the issuance, custody and trading of digitized securities.

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Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial

TechCrunch

Latch’s hardware works with doors, sensors and internet connectivity. The company raised another $30 million in October of 2020, though its final private valuation is not known. from 2019 to 2020. Its net revenues, better known as actual revenues, were $18 million, with $14 million of that coming from hardware.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. If you recall, we released a year in review in January 2020 before we released the fiscal year of 2019 report,” he told TechCrunch. billion (~$241.35

Banking 291
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Lidar company Quanergy to go public via $1.4B SPAC deal

TechCrunch

After closing, the transaction will inject the lidar company with around $278 million in pro forma net cash, including $40 million in private investment in public equity (PIPE) funding. Then the company announced in January 2020 that CEO and co-founder Louay Eldada would be leaving the company.

Company 252
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Microsoft’s August 2020 Patch Tuesday Addresses 120 CVEs (CVE-2020-1337)

Tenable

Microsoft, for the sixth month in a row, patched over 100 CVEs in the August 2020 Patch Tuesday release, including 17 CVEs rated critical. CVE-2020-1337 | Windows Print Spooler Elevation of Privilege Vulnerability. CVE-2020-1464 | Windows Spoofing Vulnerability.

Windows 102