Pied Piper’s decentralized internet is planned for Dubai courtesy of startup Moeco
We’re slowly moving from the Big Data era to the “OMG HOW MUCH DATA?!,” to use the technical term. But, all joking aside, it’s getting bigger, or worse, depending on your point of view. By some estimates over 2.5 Quintillion (yes, that’s a thing) bytes of data are now generated by us daily and this is increasing exponentially monthly. Of course, most of that data… Read More
Uber Eats couriers in Europe to be offered free accident and sickness insurance
Uber has announced it’s launching a free insurance package for independent couriers delivering food for its Uber Eats business in nine European markets.
It says all couriers with an active account in the covered markets will be able to take up the product free of charge. Read More
Australia’s Airwallex raises 6M to grow its cross-border payment business
Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year.
The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia China as backers of… Read More
Loot the digital current account aimed at students and millennials banks £22M Series A
“There are two types of competition for us at Loot: the banks and the money management apps,” Loot founder Ollie Purdue tells me. The U.K. startup, founded in 2014 while now 24 year old Purdue was finishing up university, offers a digital-only current account aimed at students and millennials. It comes with a Mastercard and mobile app, with a particular focus on spending insights… Read More
Google is using light beam tech to connect rural India to the internet
Google is preparing to use light beams to bring rural areas of the planet online after it announced to a planned rollout in India.
The firm is working with a telecom operator in Indian state Andhra Pradesh, home to over 50 million people, to use Free Space Optical Communications (FSOC), a technology that uses beams of light to deliver high-speed, high-capacity connectivity over long… Read More