Pakistan’s central bank on Friday revoked the in-principle and pilot operations approval of Tag to operate as an electronic money institution in a move that poses existential threat to the […]
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Back to news homeVC fundraising gets weird as autumn nears
The first half of 2022 broke fundraising records at VC firms, but at the same time, pretty much everyone we spoke to expected fundraising to slow to a trickle by […]
Pakistan central bank orders fintech Tag to refund customers
The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” […]
Sequoia backs fintech Dbank in maiden Pakistan investment
Sequoia, the world’s most influential venture fund, has made its maiden investment in Pakistan, joining a growing list of high profile investors who have backed young firms in the South […]
Rider is taking a nimble approach to e-commerce logistics in Pakistan
Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatior, […]
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
Before war ravaged Yemen, Walid Al-Ahdal did not worry about feeding his children. At his hometown near the Red Sea, his family grew corn, raised goats and relied on their […]
Daily Crunch: In latest earnings release, Twitter admits to miscounting users for the second time
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Thursday, April 28, 2022, and Haje’s […]
Daily Crunch: Elon Musk sets sights on Twitter with unsolicited $43B takeover bid
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Thursday, […]
Daily Crunch: EU, US reach ‘agreement in principle’ on trans-Atlantic data flows
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and welcome to Daily Crunch for […]
NetWalker ransomware operator extradited to the US, over $28M in bitcoin seized
A former Canadian government employee accused of carrying out dozens of ransomware attacks has been extradited to the United States, with more than $28 million in bitcoin seized in connection […]