Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion. This news is notable for a few reasons. For one, it’s a staggering sum for any…
Evermos’ founding team (l to r): Arip Tirta, Ghufron Mustaqim, Iqbal Muslimin and Ilham Taufiq Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names. The company, which focuses on halal products and…
One of the largest providers of HTTPS certificates, Let’s Encrypt, will stop using an older root certificate next week — meaning you might need to upgrade your devices to prevent them from breaking. Let’s Encrypt, a free-to-use non-profit, issues certificates that encrypt the connections between your devices and the wider internet, ensuring that nobody can…
PayPal has been talking about its “super app” plans for some time, having recently told investors its upcoming digital wallet and payments app had been given a go for launch. Today, the first version of that app is officially being introduced, offering a combination of financial tools including direct deposit, bill pay, a digital wallet,…
Joseph Wengier Contributor Joseph Wengier competed in five Paralympics and won nine gold medals. He promotes the advancement of a more inclusive internet as an ambassador for accessibility technology company UserWay. After winning my first gold medal in the 1972 Paralympics, I went out with the swim team for a celebratory dinner. I’ll never forget…
Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. As a mark of that traction, a startup…
U.S. technology unicorn Toast filed a new S-1 document this morning detailing a higher IPO price range for its shares. The more expensive range indicates that Toast may be worth more in its debut than it initially expected, a bullish sign for technology companies more broadly. Toast’s rising valuation may provide a boon to two…
Netflix has nabbed the most Emmys ever for a single platform with 44 including 11 for The Crown, more than double its nearest rival, HBO/HBO Max. The 2021 edition of the awards was also a watershed year for Apple TV+, which took home 10 Emmys including seven for its comedy series Ted Lasso. To be…
Meet Xata, a startup with a new take on managed databases. The company runs your database for you and turns it into an API so that you can query and update it from your serverless app. Xata has raised a $5 million funding round. Its product is not yet ready for prime time but the…
Andrew Tang is vice president of energy storage and optimization at Wärtsilä Energy, which provides solutions for renewable energy integration and EV charging infrastructure development. As electric vehicles (EVs) become the new standard, charging infrastructure will become a commonplace detail blending into the landscape, available in a host of places from a range of providers:…
