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Why India Leads in Digital Payments

Andreessen Horowitz

In November 2016, Prime Minister Narendra Modi announced a demonetisation initiative aimed at eradicating black money; Rs 500 and Rs 1,000 currency notes ceased to exist as legal tenders and ATM withdrawals were capped. Going forward, RBI has shown an intent to support fintech innovation within well-defined guardrails. In the U.S.,

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Fintech companies must balance the pursuit of profit against ethical data usage

TechCrunch

After investing more than $1 trillion in new technology from 2016 through 2019, the majority of banks globally have yet to see any financial boost from digital transformation programs, according to Accenture. Never before has this gap been more prevalent than amid the pandemic as customers migrated online en masse.

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Healthie lands $16.5M to build the Stripe for virtual patient care

TechCrunch

The company officially launched in 2016 and has been FCF net income profitable since 2018. The company said that despite landing the new cash infusion, they “had more money in the bank than capital raised to date, supporting a large and growing team.”. Healthie claims they are HIPAA compliant and say they try to ensure data privacy.

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Why you have to pay attention to the Indian startup scene

TechCrunch

billion in Q2, the lowest quarterly tally since 2016. But data via KPMG and PitchBook make it plain that Q3 was a rebound , with $3.6 Bikayi said more recently that it recorded 100% growth in the number of merchants it supports, and 100% revenue growth in September. So the WhatsApp-focused Shopify-for-India is racing ahead.

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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund

TechCrunch

Aruna was founded in 2016 by Farid Naufal Aslam, Indraka Fadhlillah and Utari Octavianty, who met while studying information technology administration and management at Telkom University. billion in annual export earnings and supports more than 7 million jobs. Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round.

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Activ Surgical raises $45 million Series B round to give surgeons eagle eyes

TechCrunch

This most recent round will be used to support the commercialization of ActivSight, which is expected to go live in hospital systems in seven states in Q4 2021 or into next year. Activ Surgical first made headlines in 2016 for creating a robot that performed the first totally autonomous suturing of soft tissue.

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Chasing Cruise and Waymo, Chinese AV company AutoX plans to begin testing in San Francisco

TechCrunch

The company, which has been testing its vehicles in the greater San Jose area since 2016, shared plans to launch robotaxi operations and build an operations center in the Golden City.