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Founders of well-funded Egyptian B2B startup Capiter fired following fraud allegations

TechCrunch

Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Another publication stated the founders had not been reporting to the board, its representatives and shareholders during on-site in-person due diligence for a potential merger. .

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Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

TechCrunch

Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. It’s an absolutely different environment from Q4 of last year,” he said, “not just in terms of the level of diligence but also, in the access to capital. And in his view, and mine quite frankly, that’s not a bad thing.

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Daily Crunch: App Store reviews and social media depict user backlash against Snapchat’s new AI chatbot

TechCrunch

Sarah writes that the social media giant is seeing a spike in one-star reviews, which include calling for its removal. Go on, another handful for ya: They just want to stay involvo : Frederic reports that Volvo Cars Tech Fund invests in driver monitoring startup CorrActions. Big Tech Inc. Ivan has more on that.

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Bodyguard is a mobile app that hides toxic content on social platforms

TechCrunch

If you’re somewhat famous on various social networks, chances are you are exposed to hate speech in your replies or in your comments. We have developed a technology that detects hate speech on the internet with a 90 to 95% accuracy and only 2% of false positive,” founder and CEO Charles Cohen told me.

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Google, Stanford And The IDF: Professional Backgrounds Of Unicorn Founders

Crunchbase News

The data shows that they developed their skills at tech giants, elite universities and even military organizations. From employees to entrepreneurs One quarter of unicorn founders previously worked in scientific research or technology development. Tech giants serve as particularly effective training grounds.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

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TrueBiz aims to help financial services providers onboard business customers faster, avoid fraud

TechCrunch

Due diligence was a big topic in 2022 for a variety of reasons. But due diligence doesn’t just apply to investors pouring money into startups, or companies acquiring other companies. We do this by automating the review of a business’s online and offline footprint,” Hakimian told TechCrunch in an interview. “We