article thumbnail

IFC backs Bolt with $24M to expand its transportation network in emerging markets

TechCrunch

Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion, based on a 1.5x multiple on GMV of €3.5

article thumbnail

How a Company Becomes a Pillar of Its Local Community

Revolution

And for decades, until the entire industry was disrupted, that attraction established a virtuous cycle. GM, Ford, and Chrysler benefitted from the broader network around them as much as members of the network benefitted from being proximate to the nation’s automobile behemoths.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Asset Management Is a Peculiar Industry Ripe for Disruption

David Teten VC

Continue reading… This is part of a series on disruption of investment management that I co-wrote with Katina Stefanova, CIO and CEO of Marto Capital , a multi-strategy asset manager, which creates customizable investment solutions for institutional clients. Photo credit: JD Hancock.

article thumbnail

Disrupting Finance From Above: Wealthfront

abovethecrowd.com

Many entrepreneurs in Silicon Valley believe that the financial services industry in the United States is “ripe for disruption. ” banking system is the Automated Clearing House network, broadly known as ACH. This supposedly “electronic” network enables people to transfer funds from one bank account to another.

article thumbnail

Code analysis tool AppMap wants to become Google Maps for developers

TechCrunch

In December 2021, a vulnerability in a widely used logging library that had gone unfixed since 2013 caused a full-blown security meltdown. . Boston-based AppMap , going through TechCrunch Disrupt Startup Battlefield this week, wants to stop this bad code from ever making it into production.

article thumbnail

Health tech startup mPharma acquires Vine Pharmacy, enters Uganda

TechCrunch

Abraaj bought Vine Pharmacy in 2013 when it was the largest pharmacy chain in Uganda. mPharma was originally founded in 2013, by Rockson , Daniel Shoukimas and James Finucane , to manage prescription drug inventory for pharmacies and their suppliers. The firm also partnered with Mt.

health 84
article thumbnail

Thailand’s fintech startup Ascend Money lands $150M at a $1.5B valuation

TechCrunch

The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. In Thailand, Ascend Money has about 70% of market share based on its own research, Thamavaranukupt said.

startup 103