Ruhs Insurtech on the heels of a fintech boom heats up in Africa
In a letter published by The New York Times today, lawyers for Neumann, his latest startup Flow Global Holdings LLC, and their affiliates wrote that they were dismayed with WeWork lack of engagement even to provide information in response to efforts to be able to make an offer to buy the company. The letter disclosed that Neumann, Flow and affiliates were partnering with investors such as Dan Loeb hedge fund Third P
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oint and others. Neumann s attorneys further claimed that he had previously worked to arrange up to $1 bil
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lion of financing to stabilize WeWork in October 2022, when just before the meeting while participants were literally in the air traveling , the former CEO shut down that process without explanation. WeWork, which was once valued at an eye-watering $47 billion, filed for bankruptcy last November. The company at the time listed over $18.6 billion of debt in w
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hat marked a stunning collapse for the once high-flying startup that had raised over $22 bil Sysd Crypto Beep
Times Internet, which acquired a majority stake in MX Player in late 2017 for $140 million, also participated in the Series A financing round.聽The post-money valuation of MX Player was $500 million, a person familiar with the matter told TechCrunch.The addition of Tencent which has invested in a handful of Indian startups including Times Internet-owned Gaana, ride-hailing giant Ola, ed tech startup Byju , B2B e-commerce startup Udaan and a bookkeeping service for merchants, Khatabook 聽 is a great sign of confidence, said Satyan Gajwani, vice chairman of Times Internet. Tencent is a leading global force in music and video, and there s a lot for us to learn and leverage fro
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m their capabilities, he added.Karan Bedi, CEO of MX Player, said in an interview that the video app will use the fresh capital to double down on producing original TV shows and b
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roadening its
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catalog of licensed content. The firm, which has so far added 15 original show