Nqtb Tablet Video Startup Watchup Raises $500K From Knight Foundation, News Vets, Others
Investors include Facebook co-founder Eduardo Saverin, Lazena Investment, Gol
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den Gate Ventures, 500 Startups, GMO Venture Partners, Partech Ventures, BWB Ventures, and Convergence Ventures.Though bank transfers seem quaint and inconvenient to many U.S. consumers, it is a common form of online payment in many Southeast Asian countries with low credit card penetration. E-commerce sellers send account information to buyers, who then use their banks ; websites or ATMs to transfer funds. Since financial institutions often don t notify sellers of new deposits, buyers have to tell them what time the tra
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nsfer was made so they can confirm that the cash has arrived.Co-founders Tianwei Liu and Victor Liew are both from Singapore, but came up with the idea for Xfers while working in the聽Bay Area at Amazon and Quora, respectively. During his stint in Silicon Valley, lots of Liu s friends asked him to purcha
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se things for them. PayPal charges a fee and many consumers in Southeast Asia don ; Gfqi Ubimo, A Location-Based Mobile Audience Targeting Startup Founded By Ex-Googlers, Raises $2M Seed Round
The company also today announced that it is growing rapidly and now has 40 million monthly active listeners. Just last month, TuneIn announced that it had grown 267% year-over-year, but at that time, it didn ;t release exact listener numbers.TuneIn currently offers its users free access
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to 70,000 stations and 2 million on-demand programs.Earlier this year, our own Alexia Tsotsis reported that TuneIn was close to raising a new funding round led by General Catalyst Partners with participation from Sequoia. At that time, though, the expectation was that TuneIn would raise at least $20 million. The round the company announced today is a bit smaller, but $16 million should still give the company a long runway for its expansion plans. Our mission is to deli
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ver the best listening experience possible, and it is so meaningful to us that 40 million people have chosen to listen to the world 鈥?every month 鈥?through TuneIn, says Tune
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In CEO John Donham in a canned statement today. Thi