Julian Assange arrested in London after Ecuador withdraws asylum

London Metropolitan police has arrested WikiLeaks founder Julian Assange in London. He has been holed up in the Embassy of Ecuador in London since 2012 in order to avoid a warrant against him. Ecuador withdrew Assange’s diplomatic asylum earlier today leading to his arrest. In a video statement, Ecuador president Lenín Moreno announced the withdrawal […]

Lemonade picks up $300 million Series D led by SoftBank Group

Lemonade, the insurance startup founded by Daniel Schreiber and Shai Wininger, has today announced a $300 million Series D financing led by the SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd and Thrive Capital. Lemonade uses an AI-powered bot to digitize the insurance buying experience for renters and home owners. Users simply download […]

Didi steps up financial drive as it courts car leasing companies

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched […]

Trint, the AI-powered translation service, closes $4.5M Series A

Trint, the London-based translation startup co-founded by Emmy-winning journalist Jeff Kofman, has raised $4.5 million in Series A funding. The round includes follow-on investment from Horizons Lab, the Hong Kong-based seed fund operated by the managers of Horizons Ventures, with participation from TechNexus, and The Associated Press. It brings total funding for Trint to $7.8 […]

DHL launches Africa eShop app for global retailers to sell into Africa

DHL is launching an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. The platform goes live today and brings more than 200 U.S. and UK retailers—from Nieman Marcus to Carters—online in 11 African markets: South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, Botswana, Sierra Leone, and […]