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Brazil is using the law to push innovation, but here’s how it can do more

The Next Web

Give young startups a global experience. An example of a great startup incentive took place in Portugal, where tax reductions were offered to companies that hired unemployed workers or students. immigration law that has created a new visa category for entrepreneurs who have raised money from American investors.

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Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

TechCrunch

In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of its staff globally. Germany, France, Italy, Spain, Netherlands, Portugal and the U.S.

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MVP Match, a tech-talent marketplace, raises $5M from Stage 2 Capital

TechCrunch

The hubs, which include the existing ones in Lisbon (Portugal) and Tbilisi (Georgia), are intended to help its more than 100 clients hire local talent without having to establish operations in those jurisdictions. “We We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool.

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Oh look, TripActions raised at a $9.2B valuation after reported $12B IPO filing

TechCrunch

TripActions , a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 billion, up from its prior valuation of $7.5 Coatue Ventures’ Dan Rose will join as a board observer.

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Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

TechCrunch

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Global commerce depends on future-proof technologies capable of dealing with a rapidly evolving threat landscape.

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Instant grocery app Getir acquires its competitor Gorillas

TechCrunch

Those services raised a ton of money and grew at a rapid pace during the COVID-19 pandemic. In May, Getir announced that it would cut 14% of its global staff — more than 4,000 were impacted by the downsizing. Germany, France, Italy, Spain, the Netherlands and Portugal. It operates in the U.S.

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

It is currently powering services for “tens of millions” of cardholders and “hundreds of thousands” of merchants globally. The raise is another example of how infrastructure companies in the fintech world continue to be resilient despite an apparent slowdown in global funding overall. The company did not disclose its valuation.

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