Posted on

Daily Crunch: After raising $3M seed, global fintech platform Payday plans to secure licensing in Canada, UK


To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
Hello, and welcome to Wednesday Crunch!
On everyone’s mind today is the power of AI and whether we’re all doomed. Connie reports that 1,100+ notable signatories just signed an open letter asking “all AI labs to immediately pause for at least 6 months.” Meanwhile, Amanda explores how everything is “Goncharov” as the meme-makers are going mainstream with a huge assist from AI tech.
— Christine and Haje
The TechCrunch Top 3

Future of work is borderless: Payday, now flush with $3 million in new capital, plans to expand its Africa-based operations to Canada and the United Kingdom, Tage writes. The company provides a way for those working remotely to receive payments in their currency of choice.
“Alexa, call Grandma”: A new Amazon capability brings T-Mobile customers into the fold for making and receiving calls via an Alexa-enabled device, Ivan reports.
In-suring new funds: India-based insurtech company Acko, which is already backed by Amazon, is in talks for $120 million in new funding …

Read More