TechCrunch: Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation

When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be one of the biggest, with the World Bank estimating that…

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TechCrunch: PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red Dot Payment. Naspers is best known for its…

TechCrunch: Byju’s targets global expansion for its digital education service after raising $540M

India-based educational startup Byju’s was widely reported to have raised a massive $400 million round and now the company is making things official. The ten-year-old company revealed today it has pulled in a total of $540 million from investors to…

TechCrunch: Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor More posts by this contributor Tarform debuted new e-motorcycles but is there a U.S. market? Naspers announces $300 million initiative to support startups and tech in South Africa Africa’s VC landscape is becoming more African with an…

TechCrunch: What I learned from Flipkart

Oliver Rippel Contributor Oliver Rippel is the chief executive officer of Naspers’ global business to consumer subsidiaries and investments. Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce…