Category: Technology
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India’s retail giant Reliance to accept CBDC at stores
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Mukesh Ambani-led firm said it has partnered with ICICI Bank, Kotak Mahindra Bank and fintech Innoviti Technologies to launch the in-store support for digital rupee. Customers…
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Seyna adds claim management product for insurance brokers
French startup Seyna is slowly building an all-in-one platform for insurance brokers so that they can create, sell and manage insurance products from scratch. And the company is launching a new product called Seyna Claims. As the name suggests, Seyna Claims empowers insurance brokers so that they can handle claims themselves. Seyna is an insurtech…
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Pinterest lays off 150 people as a part of its ‘long-term strategy’
Pinterest has made a second job-cutting move within weeks of the first round of layoffs in December. The company has let go of almost 150 employees (representing less than 5% of its workforce), according to a report from Bloomberg. In a statement to TechCrunch, Pinterest confirmed the job axing but didn’t share how many people…
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Sequoia Capital India backs Freightify’s vertical SaaS platform for freight forwarders
For freight forwarders, procuring pricing data for their customers usually involves going to multiple sources, and then consolidating information into spreadsheets. That’s time-consuming and complicated, especially since pricing data constantly changes. Freightify wants to make the process as simple as comparing airfare with its vertical SaaS platform. The Singapore-based startup announced today it has raised…
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Sequoia Capital India backs Freightify’s vertical SaaS platform for freight forwarders
For freight forwarders, procuring pricing data for their customers usually involves going to multiple sources, and then consolidating information into spreadsheets. That’s time-consuming and complicated, especially since pricing data constantly changes. Freightify wants to make the process as simple as comparing airfare with its vertical SaaS platform. The Singapore-based startup announced today it has raised…
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China’s EV upstart Xpeng ready to take off with flying permit
Xpeng, a Chinese electric vehicle upstart, is gearing up to launch its eVTOL into the air as it secures a key regulatory greenlight. Aeroht, owned by Xpeng and Xpeng founder He Xiaopeng, just obtained a special flight permit from the Civil Aviation Administration of China, the country’s counterpart to the U.S. Federal Aviation Administration. The…
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Nissan finally shows off the Max-Out EV convertible concept in IRL
Way back in November 2021, Nissan shared renderings of four electric vehicle concepts with intriguing names like Chill-Out, Surf-Out, Hang-Out and Max-Out as part of its announcement to invest $17.6 billion to develop new EVs and battery technology. Nissan has finally showed a physical version of one of those concepts — the Nissan Max-Out EV…
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Zopa, the UK neobank, raises $93M more at a $1B+ valuation
After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending services, credit cards and savings accounts and has some 850,000 customers — has raised £75 million (around $93 million), an…
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‘Keep Lex filthy’: Users react to queer dating app’s new direction
Lex, the hookup and social app that launched in 2019 with a nod to lesbian personal ads from the ’80s, is changing. Only, precisely how much will change is still an open question. Sure, the venture-backed startup behind the queer app gave it a new lick of paint last week, but in refocusing on “friends…
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Google Fi hack victim had Coinbase, 2FA app hijacked by hackers
On January 1, a technologist who goes by the nickname regexer received an email saying he had successfully reset his account at the crypto exchange Coinbase. Unfortunately — and worryingly — he had actually not requested a password reset. Regexer, who asked to be referred to by his online moniker for fear of being targeted…