economy

PrimaryBid closes $8.6M round for its platform aimed to help retail investors

September 7, 2019 0

PrimaryBid, a UK-regulated platform connecting publicly listed companies with everyday investors for discounted share issuances has previously raised $3M. It’s now upped those stakes with

Startups Weekly: Peloton’s 29 secret weapons

September 1, 2019 0

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into

Apple products under pricing pressure as new 15% tariffs drop Sunday

September 1, 2019 0

A new 15% tariff on Chinese imports will go in effect just after midnight Sunday, placing levies on hundreds of household goods and consumer tech,

Trump adds tariffs to $550 billion of Chinese imports in trade war reprisal

August 24, 2019 0

President Trump announced Friday on Twitter that tariffs on Chinese imports will increase 5 percentage points in a tit-for-tat response to China’s own plans to

Tastemakers raises $1M to sell Africa experiences to the world

August 23, 2019 0

New York-based startup Tastemakers has raised a $1 million seed-round — led by Precursor Ventures — for its business that connects Africa adventures to global

MoviePass exposed thousands of unencrypted customer card numbers

August 21, 2019 0

Movie ticket subscription service MoviePass has exposed tens of thousands of customer card numbers and personal credit cards because a critical server was not protected

African incubator MEST has a new MD and 11 fresh startup investments

August 21, 2019 0

Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a

SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

August 18, 2019 0

SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

August 16, 2019 0

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is

Another day, another reversal in stock fortunes as recession fears grow

August 15, 2019 0

U.S. stock markets plummeted today as recession fears continue to grow. Yesterday’s good news about a reprieve on tariffs for U.S. consumer imports was undone

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