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Indian social network Public App raises $41 million

TechCrunch

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.

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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. Also, in its quest to become a digital bank, Carbon acquired a microfinance bank license. Image Credits: Carbon. But that’s not the only event to keep an eye on.

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12 AI predictions for 2025

CIO

According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption. Its a step forward in terms of governance, trying to make sure AI is being used in a socially beneficial way.

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Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

TechCrunch

That, that, that don’t kill me, can only make me stronger ” : Two of our top stories for today centered on the same topic — Kanye West, who now goes by Ye, surprising us all by announcing he was going to buy the conservative social media site Parler. The TechCrunch Top 3. Manish has the basics on the deal.

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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

But the company later pivoted to create a social payments app. And one that makes money work the way the Internet works,” Circle co-founder and CEO Jeremy Allaire told TechCrunch’s Natasha Lomas in 2016. Auditing firms regularly check that issuers always keep as many USD in bank accounts as USDC in circulation.

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Google and Snap in talks to invest in India’s ShareChat

TechCrunch

ShareChat, an Indian social network that added Twitter as an investor in 2019 , may soon receive the backing of two more American firms. Twitter-backed Indian social network ShareChat raises $40 million. ShareChat, Google and Snap did not immediately respond to a request for comment.

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India’s BharatPe valued at $2.85 billion in Tiger Global-led $370 million funding

TechCrunch

Even as India has already emerged as the second-largest internet market, with more than 650 million users, much of the country remains offline. Among those outside of the reach of the internet are merchants running small businesses, such as roadside tea stalls and neighborhood stores. Image Credits: Bank of America Research.