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Butter raises $7M to end ‘accidental’ customer churn due to payment failure

TechCrunch

It was there that he realized there was an astounding number of subscriptions that failed to renew or even go through to begin with due to payment-related issues. Ultimately in 2016 alone, he helped the company recover over 10 million Xbox Live subscriptions, which resulted in over $100 million in recovered revenue. to $5 million.

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Mozilla buys Fakespot, a startup that identifies fake reviews, to bring shopping tools to Firefox

TechCrunch

Mozilla announced today that it has acquired Fakespot , a startup that offers a website and browser extension that helps users identify fake or unreliable reviews. Fakespot’s offerings can be used to spot fake reviews listed on various online marketplaces including Amazon, Yelp, TripAdvisor and more.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. million in 2016. The number of bank accounts in the country stood at 1.5 million in 2020. million in 2020.

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Remembering the startups we lost in 2020

TechCrunch

Atrium, a 100-person legal tech startup founded by Justin Kan, shut down in March after failing to find an efficient way to replace the arduous systems of law firms. Ultimately, Atrium’s failure shows how difficult and unprofitable it could be to disrupt a traditional and complicated system. HubHaus (2016-2020).

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Accord, which offers a platform to manage sales processes, secures $10M

TechCrunch

Compounded with that fact, there is no system to reinforce a consistent, repeatable sales process, even if you have the ideal sales journey all figured out.” Ross also mentioned Quip, a company Salesforce acquired in 2016, which embeds collaborative business process documents, spreadsheet and chat inside of Salesforce.

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With fresh capital, Symend aims to build a better debt collection system

TechCrunch

A 2016 whitepaper from the Association of Credit and Collection Professionals International found that debt rose from $150 billion to over $600 billion in the previous five years. ” With fresh capital, Symend aims to build a better debt collection system by Kyle Wiggers originally published on TechCrunch.

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Nigerian fintech of the unbanked Bankly raises $2M led by Vault and Flutterwave

TechCrunch

Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline.

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