INC42 morning briefing: Startpreneurs newsletter

Morning Briefing (12 Min Reading Time)
Top news & stories of the startup ecosystem from India & around the world
Bengaluru neo-banking fintech startup — Open — has raised $5 Mn Series A funding led by Beenext, Speedinvest and 3one4 Capital, as it aims to increase the team headcounts and launch new products to accelerate customer acquisition and growth.
A technical glitch in the micro-blogging platform Twitter, caused a global uproar after its users experienced a fluctuation in the number of likes and retweets since yesterday (February 12). The social media company confirmed the issue and said that it was working to fix the issue.
Japan’s Mitsubishi UFJ Financial Group (MUFG) has announced that it will launch a new blockchain-based payment system on February 12. The world’s fifth-largest bank is working on the project in partnership with United States-based Akamai, with the aim to launch in 2020. With that here are the latest developments in blockchain this week.
Fact Sheet
A few months before demonetisation, a fintech startup, ToneTag — which is among the 42 most innovative startups in India as per Inc42’s 42Next list of 2018, had just launched the first-of-its-kind soundwave-based payments service in India. In fact, this new technology, which uses sound waves to enable digital payments, is slowly taking over the QR Code and NFC.
With its USP as a centralised platform for all construction-related procurement solutions, better pricing and an enhanced customer experience, Infra.Market is emerging as a game-changer in the construction industry.
Mixer
Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newcomer to Southeast Asia but a key differentiator is that it is solely focused on Indonesia.
Apple’s upcoming March 25th event will see the introduction of the company’s long-awaited video subscription service, according to a new report from Bloomberg. Yesterday, BuzzFeed News reported that Apple plans to announce its news subscription service at the March event, but it seems like the company has more than just that in the works.
A battle between fact and fake news is currently playing out on social media and search engines. Foreign and stateside actors alike are using disinformation to sway American politics and to swiftly sow discord and even violence — continued Russian interference in elections, deaths in India and Myanmar, hateful rhetoric in America.
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