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India’s central bank cracks down on fintech startups

TechCrunch

“The rule is very confusing and strange,” said a fintech founder on condition of anonymity to avoid upsetting RBI officials. ” the founder added. India’s credit bureau data book is thin, making most individuals in the South Asian market unworthy of credit.

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A court decision in favor of startup UpCodes may help shape open access to the law

TechCrunch

For the past three years, UpCodes and its founders have been entangled in a copyright lawsuit filed by the International Code Council (ICC). And in all those cases, big old incumbents like ICC will try to find ways to slow down their new competitors.” ” The ICC disagrees with Marrero’s ruling, Oncu told TechCrunch. .”

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Brex: The Future of Business Banking and Cash Management

Y Combinator

Business credit is traditionally underwritten based on the founders’ FICO scores. As international founders with less than a month of credit history, their chances of getting approved were slim to none, despite having $125K in the bank. Brex gave startup founders a daily view into the month’s cumulative expenses (vs.

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The Amazing Power of Deflationary Economics for Startups

Both Sides of the Table

I have other areas of interest & competence such as cloud computing and document management given my background. It’s also true that I’m mostly founder driven, where the founding team & my personal relationship with them leads to a strong mutual working relationship. How does the incumbent respond?

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Brex takes a swipe at Concur with an expansion into travel

TechCrunch

Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense management before broadening its offering — and also Ramp, which itself expanded into travel last year.

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Starling Bank founder Anne Boden says new book ‘isn’t a memoir’

TechCrunch

Penguin Business describes Starling Bank founder Anne Boden’s “Banking On It” as the “first-hand account of one woman’s quest to rebuild Britain’s broken banking system.” Yet, concludes the future Starling founder, the big banks had learned nothing and were determined to continue with business as usual.

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Daily Crunch: Months after rejecting a $17B bid, Zendesk sells to private equity group for $10.2B

TechCrunch

As Frederic writes, Amazon trained the system — which currently supports Java, JavaScript and Python — on billions of lines of publicly available open source code and its own codebase, as well as publicly available documentation and code on public forums. TechCrunch+ is our membership program, which helps founders and startup teams get ahead.

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