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Founders of well-funded Egyptian B2B startup Capiter fired following fraud allegations

TechCrunch

Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Others described a workplace with poor management and no structure and a company finding it hard to onboard merchants to its platform while running out of money simultaneously.

B2B 255
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Reserve Trust raises $30.5M to become the ‘Stripe for B2B payments’

TechCrunch

Historically, only banks were able to access these payment rails directly, which left both domestic and international fintechs “with limited partner options, poor technology and slow implementations when it came to embedding high-value B2B payments,” says COO Dave Cahill. All B2B startups are in the payments business.

B2B 257
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Daily Crunch: Game developer bans 6,700 cheaters and publishes their usernames

TechCrunch

Let’s kick this off by reminding you there’s only 5 days left to save $1,000 on Disrupt passes ! — Christine and Haje The TechCrunch Top 3 No one likes a cheater : Definitely not Russian game developer Battlestate Games, which banned and doxed 6,700 cheaters from its Escape from Tarkov game. Lorenzo has more. Ingrid writes that U.K.-based

Games 213
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TechCrunch+ roundup: 3 key hiring metrics, building SDR teams, insurtech investor survey

TechCrunch

The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary. “Pipeline generation at early-stage companies is expensive and time consuming, often more so than the sales process itself.

Metrics 242
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Bonfire Ventures secures $230M for two new funds targeting B2B software startups

TechCrunch

We bumped into each other all the time and collaborated a lot more because we had independently developed the same investment focus in the same geography, same sector, same stage. We knew with a bigger team we could better support founders and the community. We’re not bad, but the companies also have to do well.

B2B 201
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6 investors and founders spotlight SaaS, B2B and medtech as Wroclaw’s hot startup sectors

TechCrunch

In short, the city appears to be strong in areas such as B2B, SaaS, marketplace, B2C, gaming and medtech. Most of our VCs, in my opinion, are focused on B2B, SaaS or marketplace-like startups. It will develop more in the direction of sustainability (at least, we believe so). aw is quickly developing its startup ecosystem.

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Keeping the customer journey and experience as a North Star

CIO

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. It’s good to see and it’s going to change the way we work and make our life easier, but I don’t think it’ll get rid of engineers or developers” he says. “I

Insurance 264