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Hello and welcome to Daily Crunch for August 17, 2021. Today we’ve got what struck us as probably the most fascinating assortment of startup information in a while. And we’re holding a world perspective, diving into Brazil’s IPO market and — see beneath — fintech trade, whereas additionally what’s forward for Nigeria’s burgeoning startup trade. (Africa is busy!)
The TechCrunch Top 3
- Salesforce starts to integrate with Slack: As Ron Miller notes, we’ve identified that SFDC has massive plans for office chat app Slack. You don’t spend $28 billion with no plan (the deal wasn’t cheap). Today the CRM large introduced early integrations with Slack, which needs to be thrilling to all you BigCorp denizens who use each instruments. In the set of recent tooling are issues like “dedicated deal rooms,” that are like huddles, however for a selected gross sales effort.
- Travel startups are fundable again: That’s the takeaway from information that Hopper, a startup that helps customers e book flights and resort stays, raised $175 million in a brand new spherical that values the corporate at $3.5 billion. What concerning the COVID-19 resurgence that many markets are presently enduring? The startup’s merchandise that facilitate extra versatile journey are doing numbers, Hopper instructed TechCrunch.
- Crypto exchanges are venture darlings: Today’s information that crypto buying and selling platform Bitpanda has raised $263 million at a $4.1 billion valuation is merely a part of a pattern that TechCrunch has seen in latest weeks of crypto exchanges elevating big checks at excessive costs. What’s driving the pattern? Coinbase’s merely huge and really public success in latest quarters. Everyone wants to fund the next Coinbase.
First up, TechCrunch has been masking the African startup market with rather more focus in latest quarters, as you might have observed. Sadly, per our personal Tage Kene-Okafor, news from a key nation in the African tech scene is not good. New rules that might land in Nigeria are extra “concerning than friendly,” he writes.
- OnlyFans markets SFW app: Sure, OnlyFans is thought largely for its grownup content material and monetization thereof, however there’s extra to the service than simply that. The firm is pushing a porn-free app that’s devoid of monetization to spotlight content material from its creators that you would watch at work. Let’s see the way it performs.
- Maven earns unicorn horn: On the again of a $110 million spherical co-led by Dragoneer Investment Group and Lux Capital, Maven is now a unicorn. The startup’s valuation is “a rare landmark moment for women’s health, and women-led startups more broadly,” Natasha Mascarenhas wrote for TechCrunch. Maven focuses on complete ladies’s well being assist.
- More on Brazil in a second, however Nuvemshop is now worth $3.1 billion after raising $500 million in a single spherical. Nuvemshop is a Brazilian e-commerce firm that’s typically likened to a Shopify for the area. Its newest spherical was co-led by Insight Partners and Tiger Global Management, TechCrunch experiences.
- Startup takes on space junk: The difficulty of house round our planet being stuffed with, properly, junk is being taken on by “Aurora Propulsion Technologies, a Finnish company that develops thrusters and de-orbiting modules for small satellites,” TechCrunch experiences. Rocket Lab is dealing with the launch.
- $50M for better feature flags: If you might be constructing an utility, you could wish to take a look at new options with a restricted set of customers. Feature flags may help you just do that. The tech is sufficiently big enterprise that Split.io simply landed eight figures of capital to maintain constructing its enterprise.
- Monte Carlo proves that the data market is more than just lakes: Data observability startup Monte Carlo simply closed a $60 million spherical at 4 occasions the worth that it raised its Series B earlier this yr. The firm has seen 8x ARR development within the final yr. The firm is a reminder that for high-growth software program, there is no such thing as a restrict to obtainable capital in as we speak’s market.
- And since you’ve learn this far, how about some robot pizzas?
What does Brazil’s new receivables regulation imply for fintechs?
The Brazilian Central Bank made a serious reform to the way in which funds are processed which will throw the doorways open for e-commerce in South America’s largest market.
Historically, retailers who accepted bank card funds had two choices: Receive the total fee distributed over two to 12 installments, or provide a deep low cost to obtain a smaller sum up entrance.
But in June 2021, the BCB created new “registration entities” that allow “any interested receivables buyer/acquirer to make an offer for those receivables, forcing buyers to become more competitive in their discount offers,” says Leonardo Lanna, head of fee merchandise at Monkey Exchange.
The new framework advantages customers and sellers, however for the area’s startups, “it opens the door to a plethora of opportunities and new business models, from payments to credit.”
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Big Tech Inc.
- Apple has an effort called Impact Accelerator, and, in keeping with TechCrunch reporting, the megacorp is working to “to find and elevate minority-owned small businesses taking on sustainability and climate change.” A primary group of 15 individuals has been chosen. We have the small print.
- And to shut out as we speak’s information, a last Big Tech story, however in reverse. Remember when fintech firms had been taking up banks? Well, now they are buying banks. Call it revenge of the startups.
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Join Danny Crichton on Thursday, August 19, at 2 p.m. PDT/5 p.m. EDT for a Twitter Spaces interview with Sukhinder Singh Cassidy, creator of “Choose Possibility: Take Risks and Thrive (Even When You Fail).”