#USA Flutterwave and Ventures Platform CEOs will join us at Startup Battlefield Africa

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Startup Battlefield is returning to Africa this December. TechCrunch will be hitting Lagos, Nigeria, bringing with it our Battlefield competition and a day’s worth of panel discussions, focused on topics facing the city’s startup scene.

Iyin “E” Aboyeji

We’ve already announced a pair of speakers for the event and and are excited to add a couple more to the list, bringing with them expertise on topics like VC funding and blockchain technology.

Iyin “E” Aboyeji is the Founder and CEO of Flutterwave, a payment solution designed to transfer funds between Africa and abroad. The Lagos-based startup serves as a payment gateway for a number of high profile companies including Uber, TransferWise, booking.com and tuition platform, Flywire.

In July of this year, Flutterwave rasied a $10 million Series A led by Greycroft Partners and Green Visor Capital.

Other investors include Y Combinator, Omidyar Network, Social Capital, CRE Venture Capital and HOF Capital. Aboyeji will join us to discuss the potential of blockchain tech in Africa’s burgeoning startup scenes.

Kola Aina

Kola Aina is the CEO and founder of Ventures Platform, a Lagos-based VC firm focused on Africa. VP is among the largest accelerator/seed stage funders in the space with an eye toward solving local issues. In addition to serving as a Partner at the fund, Aina is also a mentor at World Bank Group and Google’s Launchpad Accelerator.

We’ve got plenty more speakers to announce in the coming weeks. You can grab your tickets to the event here.

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#USA N26 is launching its bank in the U.K.

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Nearly a year after German fintech startup N26 announced that it would launch its service in the U.K., the company is launching in the U.K. N26 is already quite popular in the Eurozone with over 1.5 million customers. In this new market, it will face tough competition from existing players, such as Revolut, Monzo, Starling and many others.

N26 is going to roll out its product in multiple phases. Some lucky few will be able to open an account right away. The startup will then go through its waiting list — 50,000 people already left their email addresses to express interest. After that, anybody will be able to download the app and sign up.

This might sound like a convoluted process, but N26 expects a full public launch in just a few weeks. So it should be quite quick if everything goes as planned.

So what can you expect exactly? British customers will get all the basic N26 stuff with one killer feature — U.K. account numbers and sort codes. This way, customers will be able to receive payments and share banking information with their utility providers just like they would with a regular Barclays or Lloyds account.

When you open an N26 account, you get a true bank account and a MasterCard. Basic accounts are free and N26 has a proper banking license — your deposits up to €100,000 are guaranteed by the European deposit guarantee scheme. You can then send and receive money and pay with your card. Sending money to other N26 users is instantaneous (they call it MoneyBeam).

N26 recently launched Spaces, a new feature that lets you create sub accounts and put some money aside. It’s still limited but the company plans to add more features.

Your MasterCard works like any other challenger bank. Every time you use it, you receive a push notification. You can set payment and withdrawal limits, lock your card if you lose it and reset your PIN code. N26 will also bring Black and Metal plans to the U.K.

How does it compare to Revolut?

Let’s be honest, the elephant in the room is Revolut . The company has hundreds of thousands (if not over a million) customers in the U.K. N26 lets you do many of the things that you can already do with your Revolut account.

So let me point out a few differences. As I noted, N26 has a banking license and U.K. banking information. N26 cards work in Apple Pay and Google Pay.

When it comes to international payments, N26 lets you pay with your card anywhere in the world without any additional fee. The company uses MasterCard’s conversion rates. Revolut first converts the money with its forex feature and then lets you spend your money.

There are an infinite number of forum posts about the exchange rates you’ll get. Sometimes Revolut is cheaper, sometimes N26 is cheaper. It mostly depends on the day of the week (Revolut conversion rates are more expensive on the weekend) and the currency. Unless you plan on spending tens of thousands of GBP during your vacation, you won’t see a huge difference on your banking statement.

Revolut also has many more features than N26. You can insure your phone, buy bitcoins, buy travel insurance, create virtual cards and more. It’s clear that N26 and Revolut have two different styles.

Revolut has a bigger user base than N26. But it’s always been a bit hard to compare them as N26 wasn’t available in the U.K. Of course, they will both say that there are tens of millions of people relying on old banks — multiple challenger banks can grow at the same time if they capture market share from those aging players. Still, the battle between N26 and Revolut is on.

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#USA KZen raises $4 million to bring sanity to crypto wallets

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KZen, a company run by former TC editor Ouriel Ohayon, has raised $4 million in seed to build a “better wallet,” obviously the elusive Holy Grail in the crypto world.

Benson Oak Ventures, Samsung Next, Elron Ventures invested.

Ohayon, who has worked at Internet Lab and founded TechCrunch France and Appsfire, wanted to create an easy-to-use crypto wallet that wouldn’t confound users. The company name is a play on the Japanese word kaizen or improvement and it also points to the idea of the zero-knowledge proof.

Omer Shlomovits, Tal Be’ery, and Gary Benattar are deep crypto researchers and developers and helped build the wallet of Ohayon’s dreams.

“We wanted something that did not feel like a pre-AOL experience, that was incredibly superior in terms of security, and simple to use,” he said. “We wanted a solution that brings peace of mind and that did not force the user into compromising between convenience and security which is, unfortunately, the current state of affairs. We quickly realized that this mission would not be possible to achieve with the same tools and ideas other companies tried to use so far.”

The app is launching this month and is being kept under wraps until then. Ohayon is well aware that the world doesn’t need another crypto wallet but he’s convinced his solution is the best one.

“The market does not lack solutions,” he said. “On the contrary, there are software wallets, hardware wallets, paper wallets, vaults, hosted custody. But there is no great solution. To be able to use a crypto wallet you either need a good dose of Xanax or a master’s degree in computer science or both, unless you want to depend on a central entity, which is even worse as the news are reminding us weekly.”

We’ll see as they use the cash to launch a crypto wallet that anyone – not just Xanax-eaters – can use.

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#USA GoodTime raises $5 million to bring artificial intelligence into the interview process

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GoodTime, the algorithmically enhanced interview process management platform, has raised $5 million in a new round of funding led by Bullpen Capital.

The company uses natural language processing to link interview candidates with the right interviewers inside an organization. The idea is to make the hiring process run more smoothly for large organizations and give overworked human resources staffers a new organizational tool in their toolbox to build better staffing processes.

To do this, Ahryun Moon, Jasper Sone and Peter Lee, the co-founders of GoodTime, have built a tool that uses the calendar as its organizing principle. The idea is that the sooner interviews can be booked with the right people, the better it is for an organization.

Staffing is about more than just setting up an interview, though, so GoodTime also factors in relevant information about both an applicant and an interviewer, including data like gender, ethnicity and relevant university and previous work-history information.

Recruiting coordinators can manage the entire process and make it as frictionless as possible for companies — and in this competitive hiring environment, companies may run the risk of losing out if they can’t pull the trigger on a potential applicant quickly enough.

It’s a problem that GoodTime’s chief executive, Moon, knows all too well. As a former recruiting coordinator at MuleSoft, Airbnb and Dropbox, Moon is well-versed in the problems of recruiting professionals.

She even managed to convince her former employers at Airbnb and Dropbox to adopt the new platform. Those companies have seen their applicants confirm interviews within three hours by using the platform and have seen their time-to-hire rates reduced by 40 percent, according to a statement from the company.

GoodTime, which was seed-funded last year with a $2 million investment from Walden Ventures and Big Basin Capital, managed to attract the education and staffing-focused investment firms GSV Accelerate and Array.vc to its latest round. GoodTime is also a graduate of the Alchemist Accelerator program. 

Based in San Francisco, GoodTime currently has 18 employees on staff and has reached profitability on the strength of its existing customers.

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#USA Talkdesk nabs $100M at more than $1B valuation for its smart call centers

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Talkdesk, the provider of cloud-based contact center software, has raised $100 million in new funding from Viking Global Investors, a Connecticut-based hedge fund, and existing investor DFJ.

The round values the company at north of $1 billion, Talkdesk co-founder and chief executive officer Tiago Paiva confirmed to TechCrunch, but he declined to disclose the exact figure.

The company, which uses artificial intelligence and machine learning to improve customer service, targets mid-market and enterprise businesses, counting IBM, Dropbox, Stitch Fix and Farfetch as customers.

“Imagine a company has a million customers and they want to reach out for support, what Talkdesk does is allow the customer to connect with a company in the best way possible,” Paiva told TechCrunch. “If you call into Farfetch, they will be using Talkdesk so they can see what products you’ve bought, what your tastes are, what you’ve complained about before. It gives them the history of everything so they can take care of your problem faster.”

Founded in Portugal in 2011, Talkdesk has offices in San Francisco and Lisbon. With the latest investment, it plans to expand to the U.K., as well as double down on its investment in AI. The company has previously raised about $24 million in equity funding, including a $15 million round in mid-2015. It also was a Startup Battlefield contestant at TechCrunch Disrupt NY in 2012.

“Today’s digital-first customers expect immediate and personalized answers, yet the majority of companies have not yet adopted a flexible, cloud-native platform to enable this level of agility and service,” DFJ partner Josh Stein said in a statement. “We believe that 2019 will be the year that cloud-based contact centers become the rule, not the exception.”

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#USA Talkdesk nabs $100M at more than $1B valuation for its smart call centers

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Talkdesk, the provider of cloud-based contact center software, has raised $100 million in new funding from Viking Global Investors, a Connecticut-based hedge fund, and existing investor DFJ.

The round values the company at north of $1 billion, Talkdesk co-founder and chief executive officer Tiago Paiva confirmed to TechCrunch, but he declined to disclose the exact figure.

The company, which uses artificial intelligence and machine learning to improve customer service, targets mid-market and enterprise businesses, counting IBM, Dropbox, Stitch Fix and Farfetch as customers.

“Imagine a company has a million customers and they want to reach out for support, what Talkdesk does is allow the customer to connect with a company in the best way possible,” Paiva told TechCrunch. “If you call into Farfetch, they will be using Talkdesk so they can see what products you’ve bought, what your tastes are, what you’ve complained about before. It gives them the history of everything so they can take care of your problem faster.”

Founded in Portugal in 2011, Talkdesk has offices in San Francisco and Lisbon. With the latest investment, it plans to expand to the U.K., as well as double down on its investment in AI. The company has previously raised about $24 million in equity funding, including a $15 million round in mid-2015. It also was a Startup Battlefield contestant at TechCrunch Disrupt NY in 2012.

“Today’s digital-first customers expect immediate and personalized answers, yet the majority of companies have not yet adopted a flexible, cloud-native platform to enable this level of agility and service,” DFJ partner Josh Stein said in a statement. “We believe that 2019 will be the year that cloud-based contact centers become the rule, not the exception.”

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#USA Iron Ox opens its first fully autonomous farm

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For the last two and a half years, Iron Ox has been working on perfecting its agricultural robots to tend its indoor farms. After first testing its systems on a small scale, the company is opening its first fully autonomous production farm, with plans to start selling its produce soon.

The farm is currently growing a number of leafy greens, including romaine, butterhead and kale, in addition to basil, cilantro and chives.  The robots that are tending these plants are Angus, a 1000-pound machine that can lift and move the large hydroponic boxes that the produce is growing in, and Iron Ox’s robotic arm for harvesting the produce.

As Iron Ox co-founder and CEO Brandon Alexander told me, the current setup can produce about 26,000 plants per year and is equivalent to a one-acre outdoor farm — though this one is obviously indoors and far more densely packed.

Alexander noted that he and his co-founder Jon Binney decided to get into indoor farming after working at a number of other robotics companies — for Alexander, that includes a stint at Google X — where the focus was often more on building cool technologies and not on how those robots could be used. “We’d seen lots of novelty robotics stuff and wanted to avoid that,” he told me. And while the founding team considered getting into warehouse logistics or drones, they eventually settled on farming because, as Alexander tells it, they didn’t just want to build a good business but also one that would create social good.

Today, the vast majority of the kinds of leafy greens (the kind of produce that Iron Ox focuses on) in the U.S. is grown in California and Arizona — especially during the winter months when it’s colder in the rest of the country. That means a romaine lettuce that’s sold on the East Coast in January has often traveled more than 2,000 miles to get there. “That’s why we switched to indoors,” Alexander said. “We can decentralize the farm.”

It also helps that an indoor hydroponic farm can achieve 30 times the yield of an outdoor farm over the course of a year, yet uses far less space.

To get to this point where Iron Ox can operate an autonomous farm, though, took plenty of work and engineering chops. The hardest challenge, Alexander told me, was to get the robotic arm to look at the plants through its stereo cameras and then plan the pickup operation to harvest the produce, which isn’t always uniform. And to run this operation autonomously, it obviously has to do so reliably.

Angus, the larger robot that picks up the 800-pound pallets the produce is grown in and brings them to the robotic arm, also took some time to get right. You don’t want to move those pallets to quickly, after all, or you’ll have plenty of water to mop up.

All of that, including the system that monitors the plants, their growth, the sensors that watch over them and the hydroponics system, is then controlled from a cloud-based service that tells the robots when it’s time to harvest and what operations to perform. The robots themselves, though, then perform those tasks autonomously.

One thing that came as something of a surprise to the team, though, was that running an indoor farm solely with LED lighting still results in electricity bills that are simply too expensive to make the operation profitable. So going forward, Iron Ox is actually betting on more traditional greenhouses that are augmented by high-efficiency LED lighting.

That means the team can’t build these autonomous farms right in the city, though, because you can’t exactly stack a number of greenhouses on top of each other. But as Alexander noted, even if you have to be 20 miles outside of the city, that’s still far better than shipping produce to a supermarket that is thousands of miles away.

As Alexander stressed, the team spent a lot of time talking to both existing farmers and chefs to figure out what they needed. Farmers, it turned out, were mostly complaining about their inability to find labor. And that’s no surprise. The labor shortage in the agricultural industry is starting to become a major issue for farmers, especially in states like California. As for the chefs, what they were mostly looking for was quality, of course, but also predictability and consistent quality.

The plan now is to start selling the produce from the first farm and the scale to more and larger locations over time. Iron Ox also now has the money to do so, given that it has raised over $5 million in total, including a $3 million round it announced earlier this year.

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#USA Product Hunt Radio: The evolution of Y Combinator, and counter-intuitive advice for founders

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In this episode of Product Hunt Radio, I’m visiting Y Combinator’s San Francisco headquarters to talk to two of the people who are integral to Y Combinator — Kat Manalac and Michael Seibel.

Michael is CEO of Y Combinator’s accelerator program. He has been through YC himself a couple of times — first in 2007, as co-founder and CEO of Justin.tv — and again in 2012 as co-founder and CEO of Socialcam. Justin.tv later became Twitch and sold to Amazon, and Socialcam was sold to Autodesk.

Kat is a partner at Y Combinator and one of the people who convinced us to apply to join the program back in 2014. She has been at YC for five years, where she focuses on founder outreach, helping companies perfect their pitches, and much more. Prior to joining YC, she was chief of staff to Reddit founder Alexis Ohanian and also worked on brand and strategy at WIRED.

In this episode we talk about:

  • The evolution of Y Combinator — it’s changed a ton since Product Hunt went through the program four years ago. They’ve been working on several programs for founders — things that Michael wishes existed when he went through the program.
  • Michael and Kat’s advice for founders, including counter-intuitive tips they’ve learned after working with literally thousands of startups.
  • A key mistake that trips up new founders when pitching their company, as well as advice for founders seeking a technical co-founder.
  • How YC has scaled the organization as a 50-person company with its 4,000 (and growing) alumni.

Of course, we also chat about some of their favorite products, including a virtual assistant that will do anything, a $1,500 smart mirror that will get you fit, and a beverage that will get you high.

We’ll be back next week so be sure to subscribe on Apple Podcasts, Google Podcasts, Spotify, Breaker, Overcast, or wherever you listen to your favorite podcasts.

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#USA Palo Alto Networks to acquire RedLock for $173 M to beef up cloud security

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Palo Alto Networks launched in 2005 in the age of firewalls. As we all know by now, the enterprise expanded beyond the cozy confines of a firewall long ago and vendors like Palo Alto have moved to securing data in the cloud now too. To that end, the company announced its intent to pay $173 million for RedLock today, an early-stage startup that helps companies make sure their cloud instances are locked down and secure.

The cloud companies take responsibility for securing their own infrastructure, and for the most part the major vendors have done a decent job. What they can’t do is save their customers from themselves and that’s where a company like RedLock comes in.

As we’ve seen time and again, data has been exposed in cloud storage services like Amazon S3, not through any fault of Amazon itself, but because a faulty configuration has left the data exposed to the open internet. RedLock watches configurations like this and warns companies when something looks amiss.

When company emerged from stealth just a year ago, Varun Badhwar, company founder and CEO told TechCrunch that this is part of Amazon’s shared responsibility model. “They have diagrams where they have responsibility to secure physical infrastructure, but ultimately it’s the customer’s responsibility to secure the content, applications and firewall settings,” Badhwar told TechCrunch last year.

Badhwar speaking in a video interview about the acquisition says they have been focused on helping developers build cloud applications safely and securely, whether that’s Amazon Web Services, Microsoft Azure or Google Cloud Platform. “We think about [RedLock] as guardrails or as bumper lanes in a bowling alley and just not letting somebody get that gutter ball and from a security standpoint, just making sure we don’t deviate from the best practices,” he explained.

“We built a technology platform that’s entirely cloud-based and very quick time to value since customers can just turn it on through API’s, and we love to shine the light and show our customers how to safely move into public cloud,” he added.

He believes that customers will benefit from RedLock’s compliance capabilities being combined with Palo Alto’s analytics capabilities to provide a more complete cloud security solution. It will also fit nicely with Evident.io, a cloud infrastructure security startup, the company acquired in March for $300 million.

RedLock launched in 2015 and has raised $12 million.

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#USA Alan partners with Kry’s Livi for telemedicine appointments

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French startup Alan is expanding beyond health insurance by offering telemedicine appointments directly from Alan . The company is partnering with Livi, Kry’s French subsidiary.

While a handful of European countries already let you talk to a doctor using video calls, France’s national health system just started allowing remote appointments.

If you need to renew your prescription or your doctor already knows you quite well, chances are you don’t need to see your doctor in person every single time. With remote appointements, you can save time and talk to a doctor more quickly. This is particularly useful if you live in the countryside.

Kry is already a well-known startup when it comes to telehealth. The company raised a $66 million Series B round back in July and operates in three countries — Sweden, Norway and Spain. Kry is building its own team of practitioners that you can find on the platform. The company created a new brand for the French market and started operating a few weeks ago.

Alan customers will be able to talk to a doctor on Livi and get reimbursed by the national health system and Alan (Update: Alan reimburses everything). Ideally, you’ll be able to talk to a doctor within a few minutes between 7 AM and 11 PM.

So Alan isn’t going to handle remote appointments directly, but the startup is going to make it as easy as possible to talk to a doctor.

French startup Doctolib is leveraging its own community of practitioners to compete with Livi and other newcomers. In a couple of months, Doctolib users will also be able to book a remote appointment on Doctolib.

Those are two different approaches — an integrated user experience compared to a marketplace. Both provide advantages and disadvantages. But it’s good to see that Alan is on top of recent regulatory changes to improve the user experience.

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