Roblox Acquires Guilded
Roblox announced Monday that it acquired Guilded, a company building a chat platform for gamers. While Discord has grown beyond the competitive gaming world, Guilded has stayed focussed on it and added features such as events planning and calendars.
Go Deeper (1 min read)SoFi Plunges, A Buying Opportunity?
SoFi Technologies reported a net loss of $ 165m, down from last year's profit of $ 7.8m. However, adjusted net revenue grew 74% year over year as member growth accelerated to 113%.
Go Deeper (2 min read)The Tech Boom Is Over?
Despite reporting stellar results for the second quarter, many tech companies were punished by investors for their more cautious forecasts. Major lockdown-winners are now warning that growth going forward might be pressured as consumers get back to their pre-pandemic lives.
Go Deeper (2 min read)Naked Raises Fresh Cash From Naspers
South African insurtech startup, Naked, has raised $ 11m from Naspers. The platform was founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North.
Go Deeper (2 min read)Fortinet, Cybersecurity Leader
Founded back in 2000 by Ken Xie and Michael Xie, and headquartered in Sunnyvale, California, Fortinet (NASDAQ: FTNT) has grown to become one of the largest automated cybersecurity solutions providers globally.
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Tinkoff, Just Getting Started
TCS Group Holding, which runs Russia's leading online bank (Tinkoff), has become an investor's darling and is considered as a technology and a banking play. Capitalising both on the post-pandemic recovery and on a faster digital transformation in Russia.
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Sinch is fairly valued at 12 times sales after taking into account its growth rate and profitability. The company is using its profits to take over competitors and boost its growth rate.
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In June, inflation continued its rapid ascend, rising at its fastest pace in nearly 13 years amid an ongoing increase in the cost of used vehicles, food and energy.
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PagSeguro, Powering LATAM's Payments
Founded back in September 2006 by Universo Online (UOL) and headquartered in Sao Paulo, PagSeguro has grown to become one of Brazil’s largest provider of financial services.
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China's Bitcoin Crackdown
China's central bank has called for the shutdown of a company that, "was suspected of providing software services for virtual currency transactions". The People's Bank of China also warned institutions not to provide other services related to virtual currency.
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Wise, formerly known as TransferWise, is going public. The money transfer company has decided to list directly on the London Stock Exchange.
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