Stripe acquires Recko, its first acquisition in India, to add reconciliation to its payment services stack

Stripe, the outsized fintech out of San Francisco that is valued at $95 billion, is making another acquisition to expand the services it offers alongside its core payments product. The company is acquiring Recko, which has built a platform that lets businesses track and automate payments reconciliation, covering both outgoing and incoming payments and the […]

Indian fintech CRED valued at $4 billion following $251 million fundraise

Indian fintech CRED said on Tuesday it has raised $251 million in a new financing round, its third funding this year, at a valuation of $4.01 billion. Existing investors Tiger Global and Falcon Edge Capital co-led the three year-old Bangalore-based startup’s Series E financing round. Marshall Wace and Steadfast also participated — and so did […]

Malaysia: Police charge illegal crypto miners and seize rigs to save charge

Countries around the world have diverse reasons to clamp down on Bitcoin mining, ranging from political fears to financial ones. However, one Southeast Asian country has been cracking down on crypto mining in order to save electricity. Malaysia is know…

Apple removes a popular Quran app in China after request from local regulators

Apple has removed Quran Majeed, a popular app for reading the Islamic religious text and other prayer-related information, in China, in compliance with Chinese government requests, according to a report by BBC. The move comes as part of a bigger shift in the country to crack down on foreign content, or simply making it harder […]

What we can learn from China’s mobile gaming economy

Last year was a big one for China’s mobile scene as app publishers found new audiences and explored new advertising channels, many of which are here to stay.