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Predatory loan apps in India rake in huge fees, and are driving some users to suicide

TechCrunch

On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed” nude photos from multiple phone numbers on WhatsApp along with a text that reads, “loan thief.”

India 94
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Twitter CEO partners with Jay-Z on $23M bitcoin development fund

The Verge

The CEO said development will initially be focused on teams in Africa and India, but that he and Jay-Z plan to give “zero direction” to the plans. ?trust Africa and India are two interesting markets in which to focus bitcoin development. trust to fund #Bitcoin development, initially focused on teams in Africa & India.

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What is your “Individual Social Responsibility (ISR)?

Beth's Blog: How Nonprofits Can Use Social Media

After finishing a four-day intensive training in Delhi for the Networked NGO , I stayed on a few days in India to visit colleague, Rufina Fernandez, who I met when she was the CEO of the Nasscom Foundation when she brought me to India to speak at the leadership conference and teach workshops back in 2010. The man denied it and left.

Social 127
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India’s PhonePe tops $12 billion valuation in new funding

TechCrunch

PhonePe, to be sure, is a clear leader in the the mobile payments market on UPI, a network built by a coalition of retail banks in India. PhonePe is proud to help lead India’s country-wide digitization efforts and believes that this powerful public-private collaboration has made the Indian digital ecosystem a global exemplar.

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This founder raised millions to build Fair, a neobank for immigrants

TechCrunch

from India with just $100 in his pocket 22 years ago, he struggled to not only get a loan but also to open a bank account. . The fintech also practices ESG investing, which measures the sustainability of an investment and its overall impact in three specific categories: environmental, social and corporate governance.

Raise 100
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Inadequate federal privacy regulations leave US startups lagging behind Europe

TechCrunch

federal government is in a unique position to help realize those rewards. There are so many ways governments can help businesses maximize their data leverage in ways that improve society. Until we trust our leaders to protect basic online rights, widespread data empowerment initiatives will not be politically viable.

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Mr. Jim Goes to Washington (and New York, and Nairobi, and Seoul, and Kampala, and Boston…)

Beneblog: Technology Meets Society

Met with the UN Foundation about a major grant they are giving us to bring Bookshare to India. Kipp has been a leading software developer in the region, creating software around election monitoring and government transparency just to name a few. Interviewed several candidates for executive positions at Benetech. Visiting the Hon.

New York 100