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#USA The annual PornHub year in review tells us what we’re really looking at online

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PornHub, a popular site feature people in various stages of undress, saw 33.5 billion visits in 2018. There are currently 7.53 billion people on Earth.

Y’all have been busy.

The company, which owns most of the major porn sites online, produces a yearly report that aggregates user behavior on the site. Of particular interest, aside from the fact that all of us are horndogs, is that the US, Germany, and India are in the top spots for porn browsing and that the company transferred 4,000 petabytes of data or about 500 MB per person on the planet.


We ignore this data at our peril. While it doesn’t seem important at first glance, the fact that these porn sites are doing more traffic than most major news organizations is deeply telling. Further, like the meme worlds of Twitter and Facebook, Stormy Daniels and Fortnite made the top searches which points to the spread of politics and culture into the heart of our desires. TV manufacturers should note that 4K searchers are rising in popularity, which suggests that consumer electronics manufacturers should start getting read for a shift (although it should be noted that there is sadly little free 4K content on these sites, a discovery I just made while researching this brief.)

Need more frightening/enlightening data? Here you go.

Just as ‘1080p’ searches had been a defining term in 2017, now “4k” ultra-hd has seen a significant increase in popularity through-out 2018. The popularity of ‘Romantic’ videos more than doubled, and remained twice as popular with female visitors when compared to men.

Searches referring to the dating app ‘Tinder’ grew by 161% among women, 113% among men and 131% by visitors aged 35 to 44. It was also a top trending term in many countries including the United Kingdom and Australia. The number of Tinder themed fantasy date videos on the site is now more than 3500.

Life imitates art, and eventually porn imitates everything, so perhaps it’s no surprise to see that ‘Bowsette’ also made our list of searches that defined 2018. After the original Nintendo fan-art went viral, searches for Bowsette exceeded 3 million in just one week and resulted in the release of a live-action Bowsette themed porn parody (NSFW) with more than 720,000 views.

Bowsette. Good. Moving on.

The Bible Belt representing well in the showings with Mississippi, South Carolina, and Arkansas spending the most time looking at porn. Kansas spent the least. Phones got the most use as porn distribution devices and iOS and Android nearly tied in terms of platform popularity.

Windows traffic fell considerably this year while Chrome OS became decidedly more popular in 2018. Chrome was popular when it came to browsers used while the Playstation was the biggest deliverer of flicks to the console user.

Porn is a the canary in the tech coal mine and where it goes the rest of tech follows. All of these data points, taken together, paint a fascinating picture of a world on the cusp of a fairly unique shift from desktop to mobile and from HD to 4K video. Further, given that these sites are delivering so much data on a daily basis, it’s clear that all of us are sneaking a peek now and again… even if we refuse to admit it.

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#Blockchain Digital Currency Platform Revolut Receives European Banking License

On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.

Also read: Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

License Approved by the European Central Bank

Digital Currency Platform Revolut Receives European Banking LicenseRevolut is a UK-based digital currency company that allows people to purchase, sell, and store cryptocurrencies like bitcoin cash, ripple, ethereum, and others. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has raised $336 million since its inception. On Dec. 13 the team revealed it was approved by the European Central Bank for a banking license that allows the company to provide more financial services to customers. Revolut has explained that at first everything will be done “behind the scenes” so that the company will eventually be able to offer full current accounts, overdrafts, and other traditional financial services.

“If you choose to open a full current account with Revolut Bank in the future, any funds you deposit will be protected up to €100,000 under the European Deposit Insurance Scheme (EDIS),” Revolut’s blog announcement detailed.

Digital Currency Platform Revolut Receives European Banking License

Revolut Plans to Roll Out Overdraft Features and Personal Loans

Additionally, the Revolut team says customers will have access to overdraft facilities and this means users won’t have to worry about ‘insufficient funds’ notifications, automatic top-ups, and negative balances.

The company further emphasized:

The competitive personal loans we plan to offer will help out when your budget can’t cover a bigger purchase when you want to book that long-overdue holiday, or for anything else that requires a small cash injection before your next payday.

Digital Currency Platform Revolut Receives European Banking LicenseRevolut says it will start to experiment with the license in 2019 in Lithuania and hopes it can expand the services to other European regions after the testing. Furthermore, the license will give it the opportunity to provide U.K. direct debit payments. The British-based company also says that it is currently constructing its in-house payment processor. Revolut hopes to implement everything involved with the newly approved banking license over the next 18 months. According to the digital currency payment platform’s website, Revolut will additionally roll out services in the U.S. in the near future.

What do you think about the Revolut platform getting approved for a banking license in Europe? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Revolut, and Pixabay. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Digital Currency Platform Revolut Receives European Banking License appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2Bdvmf2 Digital Currency Platform Revolut Receives European Banking License

#Blockchain Digital Currency Platform Revolut Receives European Banking License

On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.

Also read: Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

License Approved by the European Central Bank

Digital Currency Platform Revolut Receives European Banking LicenseRevolut is a UK-based digital currency company that allows people to purchase, sell, and store cryptocurrencies like bitcoin cash, ripple, ethereum, and others. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has raised $336 million since its inception. On Dec. 13 the team revealed it was approved by the European Central Bank for a banking license that allows the company to provide more financial services to customers. Revolut has explained that at first everything will be done “behind the scenes” so that the company will eventually be able to offer full current accounts, overdrafts, and other traditional financial services.

“If you choose to open a full current account with Revolut Bank in the future, any funds you deposit will be protected up to €100,000 under the European Deposit Insurance Scheme (EDIS),” Revolut’s blog announcement detailed.

Digital Currency Platform Revolut Receives European Banking License

Revolut Plans to Roll Out Overdraft Features and Personal Loans

Additionally, the Revolut team says customers will have access to overdraft facilities and this means users won’t have to worry about ‘insufficient funds’ notifications, automatic top-ups, and negative balances.

The company further emphasized:

The competitive personal loans we plan to offer will help out when your budget can’t cover a bigger purchase when you want to book that long-overdue holiday, or for anything else that requires a small cash injection before your next payday.

Digital Currency Platform Revolut Receives European Banking LicenseRevolut says it will start to experiment with the license in 2019 in Lithuania and hopes it can expand the services to other European regions after the testing. Furthermore, the license will give it the opportunity to provide U.K. direct debit payments. The British-based company also says that it is currently constructing its in-house payment processor. Revolut hopes to implement everything involved with the newly approved banking license over the next 18 months. According to the digital currency payment platform’s website, Revolut will additionally roll out services in the U.S. in the near future.

What do you think about the Revolut platform getting approved for a banking license in Europe? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Revolut, and Pixabay. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Digital Currency Platform Revolut Receives European Banking License appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2Bdvmf2 Digital Currency Platform Revolut Receives European Banking License

#Blockchain Digital Currency Platform Revolut Receives European Banking License

On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.

Also read: Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

License Approved by the European Central Bank

Digital Currency Platform Revolut Receives European Banking LicenseRevolut is a UK-based digital currency company that allows people to purchase, sell, and store cryptocurrencies like bitcoin cash, ripple, ethereum, and others. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut has raised $336 million since its inception. On Dec. 13 the team revealed it was approved by the European Central Bank for a banking license that allows the company to provide more financial services to customers. Revolut has explained that at first everything will be done “behind the scenes” so that the company will eventually be able to offer full current accounts, overdrafts, and other traditional financial services.

“If you choose to open a full current account with Revolut Bank in the future, any funds you deposit will be protected up to €100,000 under the European Deposit Insurance Scheme (EDIS),” Revolut’s blog announcement detailed.

Digital Currency Platform Revolut Receives European Banking License

Revolut Plans to Roll Out Overdraft Features and Personal Loans

Additionally, the Revolut team says customers will have access to overdraft facilities and this means users won’t have to worry about ‘insufficient funds’ notifications, automatic top-ups, and negative balances.

The company further emphasized:

The competitive personal loans we plan to offer will help out when your budget can’t cover a bigger purchase when you want to book that long-overdue holiday, or for anything else that requires a small cash injection before your next payday.

Digital Currency Platform Revolut Receives European Banking LicenseRevolut says it will start to experiment with the license in 2019 in Lithuania and hopes it can expand the services to other European regions after the testing. Furthermore, the license will give it the opportunity to provide U.K. direct debit payments. The British-based company also says that it is currently constructing its in-house payment processor. Revolut hopes to implement everything involved with the newly approved banking license over the next 18 months. According to the digital currency payment platform’s website, Revolut will additionally roll out services in the U.S. in the near future.

What do you think about the Revolut platform getting approved for a banking license in Europe? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Revolut, and Pixabay. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Digital Currency Platform Revolut Receives European Banking License appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2Bdvmf2 Digital Currency Platform Revolut Receives European Banking License

#USA They scaled YouTube. Now they’ll shard everyone with PlanetScale

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When the former CTOs of YouTube, Facebook, and Dropbox seed fund a database startup, you know there’s something special going on under the hood. Jiten Vaidya and Sugu Sougoumarane saved YouTube from a scalability nightmare by inventing and open sourcing Vitess, a brilliant relational data storage system. But in the decade since working there, the pair have been inundated with requests from tech companies desperate for help building the operational scaffolding needed to actually integrate Vitess.

So today the pair are revealing their new startup PlanetScale that makes it easy to build multi-cloud databases that handle enormous amounts of information without locking customers into Amazon, Google, or Microsoft’s infrastructure. Battletested at YouTube, the technology could allow startups to fret less about their backend and focus more on their unique value proposition. “Now they don’t have to reinvent the wheel” Vaidya tells me. “A lot of companies facing this scaling problem end up solving it badly in-house and now there’s a way to solve that problem by using us to help.”

PlanetScale has quietly raised a $3 million seed round in April led by SignalFire and joined by a who’s who of engineering luminaries. They include YouTube co-founder and CTO Steve Chen, Quora CEO and former Facebook CTO Adam D’Angelo, former Dropbox CTO Aditya Agarwal, PayPal and Affirm co-founder Max Levchin, MuleSoft co-founder and CTO Ross Mason, Google director of engineering Parisa Tabriz, and Facebook’s first female engineer and South Park Commons Founder Ruchi Sanghvi. If anyone could foresee the need for Vitess implementation services, it’s these leaders who’ve dealt with scaling headaches at tech’s top companies.

But how can a scrappy startup challenge the tech juggernauts for cloud supremacy? First, by actually working with them. The PlanetScale beta that’s now launching lets companies spin up Vitess clusters on its database-as-a-service, their own through a licensing deal, or on AWS with Google Cloud and Microsoft Azure coming shortly. Once these integrations with the tech giants are established, PlanetScale clients can use it as an interface for a multi-cloud setup where they could keep their data master copies on AWS US-West with replicas on Google Cloud in Ireland and elsewhere. That protects companies from becoming dependent on one provider and then getting stuck with price hikes or service problems.

PlanetScale also promises to uphold the principles that undergirded Vitess. “It’s our value that we will keep everything in the query pack completely open source so none of our customers ever have to worry about lock-in” Vaidya says.

PlanetScale co-founders (from left): Jiten Vaidya and Sugu Sougoumarane

Battletested, YouTube Approved

He and Sougoumarane met 25 years ago while at Indian Institute Of Technology Bombay. Back in 1993 they worked at pioneering database company Informix together before it flamed out. Sougoumarane was eventually hired by Elon Musk as an early engineer for X.com before it got acquired by PayPal, and then left for YouTube. Vaidya was working at Google and the pair were reunited when it bought YouTube and Sougoumarane pulled him on to the team.

“YouTube was growing really quickly and the relationship database they were using with MySQL was sort of falling apart at the seams” Vaidya recalls. Adding more CPU and memory to the database infra wasn’t cutting it, so the team created Vitess. The horizontal scaling sharding middleware for MySQL let users segment their database to reduce memory usage while still being able to rapidly run operations. YouTube has smoothly ridden that infrastructure to 1.8 billion users ever since.

“Sugu and Mike Solomon invented and made Vitess open source right from the beginning since 2010 because they knew the scaling problem wasn’t just for YouTube, and they’ll be at other companies 5 or 10 years later trying to solve the same problem” Vaidya explains. That proved true, and now top apps like Square and HubSpot run entirely on Vitess, with Slack now 30 percent onboard.

Vaidya left YouTube in 2012 and became the lead engineer at Endorse, which got acquired by Dropbox where he worked for four years. But in the meantime, the engineering community strayed towards MongoDB-style key-value store databases, which Vaidya considers inferior. He sees indexing issues and says that if the system hiccups during an operation, data can become inconsistent — a big problem for banking and commerce apps. “We think horizontally-scaled relationship databases are more elegant and are something enterprises really need.

Database Legends Reunite

Fed up with the engineering heresy, a year ago Vaidya committed to creating PlanetScale. It’s composed of four core offerings: professional training in Vitess, on-demand support for open source Vitess users, Vitess database-as-a-service on Planetscale’s servers, and software licensing for clients that want to run Vitess on premises or through other cloud providers. It lets companies re-shard their databases on the fly to relocate user data to comply with regulations like GDPR, safely migrate from other systems without major codebase changes, make on-demand changes, and run on Kubernetes.

The PlanetScale team

PlanetScale’s customers now include Indonesian ecommerce giant Bukalapak, and it’s helping Booking.com, GitHub, and New Relic migrate to open source Vitess. Growth is suddenly ramping up due to inbound inquiries. Last month around when Square Cash became the number one app, its engineering team published a blog post extolling the virtues of Vitess. Now everyone’s seeking help with Vitess sharding, and PlanetScale is waiting with open arms. “Jiten and Sugu are legends and know firsthand what companies require to be successful in this booming data landscape” says Ilya Kirnos, founding partner and CTO of SignalFire.

The big cloud providers are trying to adapt to the relational database trend, with Google’s Cloud Spanner and Cloud SQL, and Amazon’s AWS SQL and AWS Aurora. Their huge networks and marketing war chests could pose a threat. But Vaidya insists that while it might be easy to get data into these systems, it can be a pain to get it out. PlanetScale is designed to give them freedom of optionality through its multi-cloud functionality so their eggs aren’t all in one basket.

Finding product market fit is tough enough. Trying to suddenly scale a popular app while also dealing with all the other challenges of growing a company can drive founders crazy. But if it’s good enough for YouTube, startups can trust PlanetScale to make databases one less thing they have to worry about.

from Startups – TechCrunch https://ift.tt/2BdiJ3C

#USA They scaled YouTube. Now they’ll shard everyone with PlanetScale

//

When the former CTOs of YouTube, Facebook, and Dropbox seed fund a database startup, you know there’s something special going on under the hood. Jiten Vaidya and Sugu Sougoumarane saved YouTube from a scalability nightmare by inventing and open sourcing Vitess, a brilliant relational data storage system. But in the decade since working there, the pair have been inundated with requests from tech companies desperate for help building the operational scaffolding needed to actually integrate Vitess.

So today the pair are revealing their new startup PlanetScale that makes it easy to build multi-cloud databases that handle enormous amounts of information without locking customers into Amazon, Google, or Microsoft’s infrastructure. Battletested at YouTube, the technology could allow startups to fret less about their backend and focus more on their unique value proposition. “Now they don’t have to reinvent the wheel” Vaidya tells me. “A lot of companies facing this scaling problem end up solving it badly in-house and now there’s a way to solve that problem by using us to help.”

PlanetScale has quietly raised a $3 million seed round in April led by SignalFire and joined by a who’s who of engineering luminaries. They include YouTube co-founder and CTO Steve Chen, Quora CEO and former Facebook CTO Adam D’Angelo, former Dropbox CTO Aditya Agarwal, PayPal and Affirm co-founder Max Levchin, MuleSoft co-founder and CTO Ross Mason, Google director of engineering Parisa Tabriz, and Facebook’s first female engineer and South Park Commons Founder Ruchi Sanghvi. If anyone could foresee the need for Vitess implementation services, it’s these leaders who’ve dealt with scaling headaches at tech’s top companies.

But how can a scrappy startup challenge the tech juggernauts for cloud supremacy? First, by actually working with them. The PlanetScale beta that’s now launching lets companies spin up Vitess clusters on its database-as-a-service, their own through a licensing deal, or on AWS with Google Cloud and Microsoft Azure coming shortly. Once these integrations with the tech giants are established, PlanetScale clients can use it as an interface for a multi-cloud setup where they could keep their data master copies on AWS US-West with replicas on Google Cloud in Ireland and elsewhere. That protects companies from becoming dependent on one provider and then getting stuck with price hikes or service problems.

PlanetScale also promises to uphold the principles that undergirded Vitess. “It’s our value that we will keep everything in the query pack completely open source so none of our customers ever have to worry about lock-in” Vaidya says.

PlanetScale co-founders (from left): Jiten Vaidya and Sugu Sougoumarane

Battletested, YouTube Approved

He and Sougoumarane met 25 years ago while at Indian Institute Of Technology Bombay. Back in 1993 they worked at pioneering database company Informix together before it flamed out. Sougoumarane was eventually hired by Elon Musk as an early engineer for X.com before it got acquired by PayPal, and then left for YouTube. Vaidya was working at Google and the pair were reunited when it bought YouTube and Sougoumarane pulled him on to the team.

“YouTube was growing really quickly and the relationship database they were using with MySQL was sort of falling apart at the seams” Vaidya recalls. Adding more CPU and memory to the database infra wasn’t cutting it, so the team created Vitess. The horizontal scaling sharding middleware for MySQL let users segment their database to reduce memory usage while still being able to rapidly run operations. YouTube has smoothly ridden that infrastructure to 1.8 billion users ever since.

“Sugu and Mike Solomon invented and made Vitess open source right from the beginning since 2010 because they knew the scaling problem wasn’t just for YouTube, and they’ll be at other companies 5 or 10 years later trying to solve the same problem” Vaidya explains. That proved true, and now top apps like Square and HubSpot run entirely on Vitess, with Slack now 30 percent onboard.

Vaidya left YouTube in 2012 and became the lead engineer at Endorse, which got acquired by Dropbox where he worked for four years. But in the meantime, the engineering community strayed towards MongoDB-style key-value store databases, which Vaidya considers inferior. He sees indexing issues and says that if the system hiccups during an operation, data can become inconsistent — a big problem for banking and commerce apps. “We think horizontally-scaled relationship databases are more elegant and are something enterprises really need.

Database Legends Reunite

Fed up with the engineering heresy, a year ago Vaidya committed to creating PlanetScale. It’s composed of four core offerings: professional training in Vitess, on-demand support for open source Vitess users, Vitess database-as-a-service on Planetscale’s servers, and software licensing for clients that want to run Vitess on premises or through other cloud providers. It lets companies re-shard their databases on the fly to relocate user data to comply with regulations like GDPR, safely migrate from other systems without major codebase changes, make on-demand changes, and run on Kubernetes.

The PlanetScale team

PlanetScale’s customers now include Indonesian ecommerce giant Bukalapak, and it’s helping Booking.com, GitHub, and New Relic migrate to open source Vitess. Growth is suddenly ramping up due to inbound inquiries. Last month around when Square Cash became the number one app, its engineering team published a blog post extolling the virtues of Vitess. Now everyone’s seeking help with Vitess sharding, and PlanetScale is waiting with open arms. “Jiten and Sugu are legends and know firsthand what companies require to be successful in this booming data landscape” says Ilya Kirnos, founding partner and CTO of SignalFire.

The big cloud providers are trying to adapt to the relational database trend, with Google’s Cloud Spanner and Cloud SQL, and Amazon’s AWS SQL and AWS Aurora. Their huge networks and marketing war chests could pose a threat. But Vaidya insists that while it might be easy to get data into these systems, it can be a pain to get it out. PlanetScale is designed to give them freedom of optionality through its multi-cloud functionality so their eggs aren’t all in one basket.

Finding product market fit is tough enough. Trying to suddenly scale a popular app while also dealing with all the other challenges of growing a company can drive founders crazy. But if it’s good enough for YouTube, startups can trust PlanetScale to make databases one less thing they have to worry about.

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#Blockchain Password Manager App Dashlane Mocks Cryptocurrency Owners

Password Manager App Dashlane Mocks Cryptocurrency Owners

Having strong passwords is important for everyone in today’s world as it is full of hackers and other cyber criminals. And as cryptocurrency is value stored in code, it is no surprise that its owners are among the most paranoid about their data security. However, strong keys aren’t worth much if you can’t remember them. 

Also Read: Report: Lightning Network Still Way off Being Ready for Use

We Are Number Three

Password Manager App Dashlane Mocks Cryptocurrency OwnersDashlane is a New York-based password manager app with reportedly ten million users around the globe. It also features a digital wallet for aggregating credit cards and bank accounts. On Wednesday, the company released its third annual “Worst Password Offenders” list, highlighting high-profile individuals and groups that had the most significant password-related blunders in 2018.

Cryptocurrency owners were ranked third on the list. “As the value of cryptocurrencies reached record levels at the beginning of the year, scores of crypto owners had the potential to cash out — if they could remember their passwords,” Dashlane explained. “The news cycle was rife with reports of people resorting to desperate measures (including hiring hypnotists) to attempt to recover/remember the forgotten passwords to their digital wallets.”

Use Some Common Sense

While forgetting the keys to access their digital wealth was the problem for many crypto owners that made it to the media, having weak passwords is still the number one issue for most people. This was exemplified by the number one person on the list, Kanye West, who famously unlocked his iPhone with the code “000000” during a televised meeting with President Trump.

Password Manager App Dashlane Mocks Cryptocurrency Owners

“Passwords are the first line of defense against cyber attacks. Weak passwords, reused passwords, and poor organizational password management can easily put sensitive information at risk,” commented Emmanuel Schalit, CEO of Dashlane. “The sheer number of accounts requiring passwords means everyone is prone to make the same mistakes as the Password Offenders. We hope our list serves as a wake-up call to everyone to follow the best password security practices.”

The company recommends that you never use passwords that are easy to guess or are shorter than eight characters. And every one of your accounts needs a unique password so that if one service is compromised the rest of your passwords remain secured.

Did cryptocurrency owners rightfully earned this ranking? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Dashlane.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Password Manager App Dashlane Mocks Cryptocurrency Owners appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2LjZ8Uk Password Manager App Dashlane Mocks Cryptocurrency Owners

#USA African fintech startup Jumo raises $12.5M more to fund Asia expansion

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Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific.

The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, which recently moved its headquarters to Singapore, to $103 million raised from investors. Its backers include Goldman Sachs, Proparco — which is attached to the French Development Agency — and Finnfund, and it was part of Google’s Launchpad accelerator last year.

Founded in 2014, Jumo specializes in social impact financial products, such as microloans, savings and insurance. It started in Tanzania, and today claims to have originated more than $1 billion in loans. Since September, when it announced a first expansion into Asia via Pakistan, it claims it has grown to 10 million people saving or borrowing from its platform (from a previous nine million). The company has some 350 staff across 10 offices in Africa, Europe and Asia.

Over the last year, the company said it has doubled the number of financial service providers and telcos on its platform. Of those deals, one of its highest profile is a digital finance product for Uber drivers that’s live in Kenya. That collaboration is likely to expand in Africa and potentially beyond, Jumo said.

Expansion is very much the name of the game all round for the company. Jumo CEO Andrew Watkins-Ball told TechCrunch in September that there are plans to expand to more Asian markets next year but, for now, the company isn’t saying which ones.

from Startups – TechCrunch https://ift.tt/2PCKxUq

#USA African fintech startup Jumo raises $12.5M more to fund Asia expansion

//

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific.

The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, which recently moved its headquarters to Singapore, to $103 million raised from investors. Its backers include Goldman Sachs, Proparco — which is attached to the French Development Agency — and Finnfund, and it was part of Google’s Launchpad accelerator last year.

Founded in 2014, Jumo specializes in social impact financial products, such as microloans, savings and insurance. It started in Tanzania, and today claims to have originated more than $1 billion in loans. Since September, when it announced a first expansion into Asia via Pakistan, it claims it has grown to 10 million people saving or borrowing from its platform (from a previous nine million). The company has some 350 staff across 10 offices in Africa, Europe and Asia.

Over the last year, the company said it has doubled the number of financial service providers and telcos on its platform. Of those deals, one of its highest profile is a digital finance product for Uber drivers that’s live in Kenya. That collaboration is likely to expand in Africa and potentially beyond, Jumo said.

Expansion is very much the name of the game all round for the company. Jumo CEO Andrew Watkins-Ball told TechCrunch in September that there are plans to expand to more Asian markets next year but, for now, the company isn’t saying which ones.

from Startups – TechCrunch https://ift.tt/2PCKxUq

#USA African fintech startup Jumo raises $12.5M more to fund Asia expansion

//

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific.

The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, which recently moved its headquarters to Singapore, to $103 million raised from investors. Its backers include Goldman Sachs, Proparco — which is attached to the French Development Agency — and Finnfund, and it was part of Google’s Launchpad accelerator last year.

Founded in 2014, Jumo specializes in social impact financial products, such as microloans, savings and insurance. It started in Tanzania, and today claims to have originated more than $1 billion in loans. Since September, when it announced a first expansion into Asia via Pakistan, it claims it has grown to 10 million people saving or borrowing from its platform (from a previous nine million). The company has some 350 staff across 10 offices in Africa, Europe and Asia.

Over the last year, the company said it has doubled the number of financial service providers and telcos on its platform. Of those deals, one of its highest profile is a digital finance product for Uber drivers that’s live in Kenya. That collaboration is likely to expand in Africa and potentially beyond, Jumo said.

Expansion is very much the name of the game all round for the company. Jumo CEO Andrew Watkins-Ball told TechCrunch in September that there are plans to expand to more Asian markets next year but, for now, the company isn’t saying which ones.

from Startups – TechCrunch https://ift.tt/2PCKxUq