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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

TechCrunch

Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. According to the founders, Sylndr also plans on providing seven-day money back guarantee, warranty and availing flexible financing options to users.

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TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising

TechCrunch

At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as Web3’s central feature. In conversation with reporter Taylor Hatmaker, Rubin said NFTs show that individuals can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms. In today’s Web 2.0,

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. “I founded Sima.ai

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Tiger Global and a slew of high-profile investors make a $35M bet on LatAm fintech Pomelo

TechCrunch

Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. The company also plans to use its new capital to accelerate its product road map and toward business development efforts.

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The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

As drivers we look out for them, as pedestrians we might be annoyed if they steer in our way but the riders themselves have developed better norms as happens in all forms of transportation. You can’t simply drop a bunch of electric scooters in a market and hope to compete with the data and software advantages of the incumbents.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

The financing marks the company’s first ever institutional funding. In a nutshell, Geopagos feels it is in the ideal position of being able to serve as the software enabler that can retrofit incumbents like large banks and launch the enablers like fintechs. Endeavor Catalyst also participated in the financing.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Put simply, Melon is developing tech and fulfillment infrastructure — or the backend — to enable small and medium e-commerce merchants to “easily” sell and grow across multiple channels such as Shopify, Instagram and Amazon, and then deliver almost anywhere in the region. It also plans to soon offer embedded finance products.