Nala to use $40M Series A to build B2B payments platform, scale remittance services

Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.  The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital, … Read more

Paradox delays the console release of Cities Skylines 2 indefinitely, says ‘we have not yet met the stability and performance targets we set’

The console version of Cities Skylines 2 has unfortunately been delayed once again. Cities Skylines 2 launched on PC in October and was also expected to release on PS5 and Xbox Series X|S at the same time. However, the console edition was delayed to spring 2024, less than a month before its intended launch, so publisher Paradox … Read more

Investors chase wealthtech startups in India as affluent class grows

Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to … Read more

This new ransomware scam will hassle you with phone calls until you pay up

A new ransomware group has been discovered harassing its victims on the phone until they pay up.  A report from anti-ransomware company, Halycon said that Volcano Demon was seen going after “several” targets in the last couple of weeks, deploying a new encryptor called LukaLocker.  Its methodis relatively simple – the threat actor will first … Read more