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FEBE Ventures launches $75 million second fund

FEBE Ventures’ name stands for “For Entrepreneurs By Entrepreneurs,” and true to form, it is continuing to support seed-stage startups with the launch of its second fund. Targeting $75 million, Fund II is 2.5 times larger than FEBE’s first fund and 90% has already been committed. As part of the launch, FEBE Ventures also announced a co-investment partnership with Tekton Ventures. FEBE Ventures was co-founded in 2019 by managing partner Olivier Raussin. So far, FEBE Ventures has backed more than 35 companies,…

Black Friday Sales: Picky US shoppers saying ‘No deals’, Waiting for bigger bargains

Black Friday sales show US shoppers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday shopping season and potentially lackluster earnings results early next year.  Consumers aren't spending at the same pace they did during the past couple of years, when the holidays were marked by post-pandemic splurges. While estimates on brick-and-mortar Black Friday sales won't be available for some time, Salesforce Inc. expects online US sales to grow 1% in November and…

card tokenisation: India has issued 560 million tokens in the last one year: Visa

Around 560 million card tokens have been issued in India since October 2022, when the Reserve Bank of India mandated tokenisation of cards for ecommerce transactions, global card payment scheme Visa said in a report.Out of these, Visa has issued around 300 million tokens, said the report, to be released on Thursday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Digital…

Google, McDonald's, Exxon Headline Busy Earnings Week

A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

Credit Card: More credit for apps on the cards, the co-branded way

Swiggy will be the latest entrant to follow in the wake of Myntra, Paytm and Flipkart to launch a co-branded credit card with private-sector lender HDFC Bank, three people in the know told ET.The food delivery platform is relying on flat discounts and special offers on its hyper local delivery services for users who use its co-branded card product. It could also offer additional discounts on Dineout, Swiggy’s restaurant bill payment service. Mastercard is expected to be the network partner powering the co-branded card,…

goldman sachs: Goldman Sachs may exit partnership with Apple

Goldman Sachs is considering exiting its partnership with Apple, the Wall Street Journal reported on Friday, citing sources familiar with the matter.The iPhone-maker and Goldman Sachs started rolling out a virtual credit card in 2019. The bank is in talks with American Express to take over its Apple credit card and other ventures with the tech giant, the report added. Apple in March launched its "buy now, pay later" service in the United States enabled through the Mastercard Installments program, with Goldman Sachs as…

Shareholder Activists Drag Companies Into U.S. Culture Wars

Businesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings. Businesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

Mastercard seeks to expand crypto card tie-ups

FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas WhiteMastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The…

mastercard: Mastercard seeks to expand crypto card tie-ups

Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary.Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange."We…

Amazon, Facebook, Google Headline Busy Earnings Week for Tech

Technology companies including Google parent Alphabet Inc. and Amazon . com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy. Technology companies including Google parent…