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German eCommerce Software Firm commercetools Notches $145M

German eCommerce software company commercetools has raised $145 million in a funding round led by Insight Partners, at a valuation of $300 million. TechCrunch is reporting that the company is being spun out by parent company REWE, which acquired it in 2015. Both Richard Wells and Matt Gatto of Insight Partners are joining the commercetools […]

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News Of KPMG Audit Triggers Spike In Wirecard Shares

Shares in digital payment company Wirecard went up almost 7 percent on Monday (Oct. 21), following news of an independent audit by KPMG. Bloomberg is reporting that the news is an attempt to try and make investors feel better about the company and its reported accounting issues. Wirecard said the auditing company will have “unrestricted […]

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HTC Rolls Out ‘Bitcoin Node’ Smartphone

Smartphone maker HTC has launched a new entry-level phone aimed at cryptocurrency users, TechCrunch reported on Monday (Oct. 21). At roughly $244 (EUR219), the HTC Exodus 1S is a less expensive follow-up in comparison to the $699 Exodus 1 released in 2018. The new phone also is full of cryptocurrency-related features allowing users to exchange, […]

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Unicorn Gojek Founder Steps Down To Accept Indonesia Cabinet Post

Nadiem Makarim, founder of Indonesia’s ride-hailing startup Gojek, the country’s most valuable unicorn, is resigning as chief executive officer to work for the government, TechCrunch reported on Monday (Oct. 21). He will join Indonesia President Joko Widodo’s cabinet and his resignation from Gojek takes effect immediately. Gojek Group President Andre Soelistyo and Gojek Co-Founder Kevin […]

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Apple Will Make, Sell iPhone XR In India

Apple‘s iPhone XR is being assembled in India and will be sold in the country, according to reports. Apple doesn’t have a huge share of the Indian market, partly because of regulations that serve a 20 percent tax on imported high-end phones like the iPhone. The move is meant to encourage companies to make phones […]

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How Crowdfunding Is Becoming Regular Investing

A decade ago, an entrepreneur wanting to raise cash pretty much had to have rich relatives or pals, or gain entry into the clubby world of venture capital. Sure, that entrepreneur could take it to the web, asking people to make their own relatively small investments, but that was considered less than respectable – the […]