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SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs – TechCrunch

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses in 35 markets, and as […]
City Of United Kingdom United Kingdom General Michael Schrezenmaier Darren Abrahamson Marc Alexander Christ

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Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz – TechCrunch

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s overseas expansion has manifested in a mix of investment and integration over the past decade. In 2018, the e-commerce titan bought Pakistan’s e-commerce platform Daraz for an […]
China General Sri Lanka Daniel Zhang Southeast Asia Rocket Internet South Asia

Project A Ventures closes its fourth fund, hitting $375M, the largest to date – TechCrunch

Project A Ventures launched 10 years ago in Berlin when a handful of a ex-Rocket Internet players decided theyโ€™d try their own hand at this startup stuff. Since then theyโ€™ve done pretty well, investing early in some of the biggest European tech companies, such asย Trade Republic, Kry, sennder, WorldRemit, Spryker, and Voi. The VC has […]
Uwe Horstmann Rocket Internet Trade Republic General Partner Private Equity

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