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TransferWise now valued at $3.5B following a new $292M secondary round

TransferWise , the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more than double the valuation TransferWise achieved in late 2017 at the time of its $280 million Series E round. The new secondly funding — with no new cash …

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India’s ride-hailing giant Ola hits the brakes on food delivery business Foodpanda

India’s ride-hailing giant Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business , is struggling with selling food. Ola has suspended local operations of Foodpanda, the Indian business of the food delivery startup it acquired in late 2017 , according to local newspaper Mint . The move comes as …

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A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from the University of Southern California. Instead, the young entrepreneur is plotting to build the Amazon of Bangladesh. Deligram , Rahim’s vision of what e-commerce looks like in Bangladesh, a country of …

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Following a report about misleading ads placed by anti-abortion groups, Google Ads updates its policies

Starting next month, Google will enforce new policies for ads related to abortion in the United States, United Kingdom and Ireland. Google will now require advertisers that want to run ads with abortion-related keywords to apply for certification as an organization that does, or does not, provide abortions. If their ads are approved, they will …

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Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

It’s harvest season for Southeast Asia’s full-stack food delivery startups. Following on from Singapore’s Grain raising $10 million , so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money takes the startup to $10 million raised to date — its last round as $2.6 million last year — and it …

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Famed founder Daphne Koller tells it straight: “With most drugs, we do not understand why they work”

Daphne Koller doesn’t mind hard work. She joined Stanford University’s computer science department in 1995, spending the next 18 years there in a full-time capacity before cofounding the online education giant Coursera , where she spent the following four years and remained co-chairman until last month. Koller then spent a little less than two years …

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Udacity, Mercedes-Benz create sensor fusion nanodegree as demand for self-driving car engineers rises

Udacity and Mercedes-Benz’s North American R&D lab have developed curriculum for a sensor fusion nanodegree, the latest effort by the online education startup to meet high demand for skills related to autonomous vehicles and to duplicate the success it has had with its self-driving car engineer program . Enrollment for the sensor fusion degree opened …

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Mid-range flagships like the Honor 20 Pro are giving premium phones a run for their money

Phone sales have been trending downward for some time now. There are a number of reasons for this — many of which you can read about in this piece I published last week . The creeping cost of premium handsets is pretty high on that list, with flagships now routinely topping $1,000 from many of …

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What will save crypto?

Sulaiman al-Fahim Contributor Sulaiman al-Fahim is an international businessman based in Dubai with focuses on property management/real estate, cryptocurrency, and philanthropy. His company, Sulaiman Al-Fahim Holdings, is a global operator that facilitates transactions to develop properties in various areas of the world. He is also an advisor and partner at ADAB Solutions, a group dedicated …

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