CDP Institute

Amid a surge in payments volume in the country, payments giant PhonePe said that it is on its way to invest up to $200 million in building data centres across the country. The company said the startup’s investments were primarily driven by the regulatory insistence on data localisation, among other factors. It was beneficial for the company to invest in captive data centres given the data localisation mandate from the regulators.

Google has been fined a second penalty of Rs 937.44 crore in India in the span of weeks after the company was accused of abusing its dominant position in the market. Google responded to the penalty by stating that “Indian developers have benefited from the technology, security, consumer protections, and unrivaled choice and flexibility that Android and Google Play provide.

Upside, a Web3 focused Investment Decentralised Autonomous Organisation (DAO), announced it raised $5 million in capital to deploy in support of the best Web3 startups, with a focus on Australia. To that end, Upside DAO is also announcing the first recipients of its investment funding.

Nine in 10 Australian C-suite executives are concerned that requirements for mandatory disclosure of cyber incidents could lead to a loss of competitive advantage, according to new research from PwC. The company’s 2023 Global Digital Trust Insights Survey also found that 81% of Australian respondents felt that requirements to disclose information to regulators and investors discourage them from sharing information with law enforcement authorities. At the same time, 89% of Australian respondents agreed mandatory disclosures of cyber incidents requiring comparable and consistent formats were necessary to gain stakeholder trust and... Read More >

As physical events continue to dominate the tech industry in a post-pandemic era, the in-person Tech Week Singapore brought together seven co-located events recently. Judging by the crowd throughout the event period, it is also clear that many are getting tired of attending virtual events.

Global creator company Jellysmack has recently inked a deal with creator economy company WebTVAsia to allot US$30 million of investment across content creators in the Asia-Pacific region to accelerate their growth.

Nubank has more than 70 million customers in Brazil, Mexico, and Colombia. In addition, it has positioned itself as the largest financial services startup in Latin America, with a market capitalization close to US$20 billion. Now, the financial platform born in Brazil in 2013, has announced the creation of Nucoin, its first cryptocurrency. It will be launched in 2023 in its home country, and the development of the digital currency will be carried out on the Polygon blockchain, which offers blockchains for Web3.

After arriving in Mexico, Colombia and Ecuador, the Chilean unicorn Betterfly now starts operations in Spain, as part of its expansion plan to reach more than 100 million people. This comes after the insurance startup bought the Valencian fintech, Flexoh, a company dedicated to “flexible retribution,” as the model in which employees voluntarily choose to receive part of their salary in products and benefits is known. Betterfly provides companies with life insurance for their workers.

Nigeria-based mobility fintech startup Moove, Uber’s largest vehicle supply partner in EMEA, has raised GBP15 million (US$16.8 million) in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.

Nigerian startup Lazerpay has built a blockchain-powered solution that enables businesses to accept payments from anyone, anywhere in the world, using stablecoins.

Egyptian mass e-commerce startup Kenzz has raised a US$3.5 million seed funding round to help it recruit talent, widen its product range, and invest in technology.

Pixis, the California-headquartered codeless AI infrastructure company is expanding into the New Zealand market. The Series C funded company provides codeless AI technology for demand generation and marketing optimization to over 200 businesses across the American, MENA and APAC regions.