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TechCrunch’s top 3
- Integrate this financing: Kenya-based fintech start-up Pezesha has $11m in new capital as it seeks to bridge the gap between access to financial products and what is a “$330bn funding gap” dollars for small businesses which represent 90% of Africa”. businesses,” Anne reports.
- We are all connected: If you haven’t seen yourself in one of the circles of your Twitter connection yet, you soon will. Social media giant launches ‘Close Friends’ features globally, Ivan reports. Add a group of people to your circle and start tweeting.
- No delivery for you: The Gopuff delivery platform has only been in Europe since November 2021, but Natasha L writes that he has taken the decision to interrupt his service in Spain. She cites it may be to focus more on the UK market where revenue is up 30% month-on-month.
Startups and VCs
Initialized Capital was VC Garry Tan’s answer to a need first highlighted by Y Combinator. As an Accelerator Partner from 2010-2015, Tan spent time working with companies to better understand what they needed from investors after graduation. This week he announced he was back at the helm of YC, and Natasha M interviewed him on the Y Combinator sequel.
The company behind last summer’s hot social app, Poparazzi, appears to be preparing a second round after its $15 million Series A announced in June. A new listing in the App Store under the developer’s account, TTYL, teases a pre-release app called Made with Friends, Sarah reports.
When the news hits you, like a big pizza, it’s more news:
- Notification Bubbles: Devin reports that there is finally an underwater messaging app.
- money to launder: Rich in new funds, the British start-up Oxwash has raised 12 million dollars to accelerate its growth plans, Natasha L reports.
- Faster when you’re further away: UK’s £5bn Gigabit Project awards first contract to connect rural areas to broadband broadband, Paul reports.
- PriceOye gets the Thiel seal of approval: Islamabad-based startup PriceOye offers a range of electronics including smartphones, TVs and home appliances. It just closed a round of funding from investors, including Peter Thiel, reports Jagmeet.
- Dodge the SPAC bullet: alexander and Anne wrote a really interesting article on TC+ (use “DC” for 15% off if you’re not yet a subscriber) about SPACs, how they’re collapsing and how Europe may have dodged a bullet on this forehead.
How to communicate with your crypto community when things aren’t going well
Because it is a nascent industry that is largely unregulated, crypto companies are generally unqualified for crisis communications. (We’re being generous here.)
When a bank or financial services company experiences a massive security breach or volatility shock, federal laws dictate how it must communicate with its customers. Crypto startups, however, must rely on their own judgment.
“There’s little benefit in declaring the sky is falling and begging your community to invest, but too rosy an outlook won’t fool anyone either,” says Tahem Verma, Co-Founder and CEO of Mesha .
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
Last chance to launch your game in the Facebook Gaming app. The social media giant said it would shut down its standalone app at the end of October, Aisha reports. Don’t worry, you can still find your games in Gaming on Facebook. When launching the separate app two years ago, it seemed to be more difficult than Facebook expected, so it decided to join them instead of beating them.