France moves to block e-commerce platform Wish over fraud, safety concerns – TechCrunch

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Hello and welcome to the Daily Crunch for November 24, 2021! Small note: This newsletter is off tomorrow but will be back on Friday with a special holiday issue. In short, we take advantage of a little vacation to recharge. Full service back on Monday! – Alex

Top Tech Crunch 3

  • In the North, the AI ​​boom: Continuing TechCrunch’s coverage of the AI ​​rapid fundraising market, we explored the Canadian AI startup industry. There is a lot more going on in the North than you might expect. Consider this further evidence of the growing global startup scene.
  • France moves to remove desires: Similar to the US nonprofit newsroom, France decided to test their concerns about the Wish e-commerce market by buying things and checking what they got. It turned out that there were a bunch of violations. France is now asking search engines and app stores to remove the US generic company from the list.
  • Attio on Salesforce: While startups are busy attacking a range of markets, there are certain areas of the software field that have felt very taboo in recent years. Research is finally seeing a wave of competitors, for example. Attio, now with $7.7 million in capital, deals with the old-school CRM marketplace.

startup / VC

  • Asilimia wants to provide more loans to Kenya: The business of lending money to people who are not supported by the world of traditional banking is big business. Asilimia just raised $2 million – half debt, half equity – to keep money flowing in its home market. As TechCrunch reports, the company is also providing “a lifeline for traders in Kenya by enabling them to conduct mobile financial transactions free of transfer fees through the Leja app.”
  • OnePipe raised $3.5 million for its Fintech business: Plaid is a big deal in its home market, but that doesn’t mean that there are no related startups doing similar business all over the world. OnePipe is one such company, bringing FinTech IR APIs to Africa. And now she has a pile of new money to keep her business going.
  • Well *now* the used car market is out of control: If you read business news, you’ve read about the used car market. A shortage of chips has made used cars more expensive than ever. And now Indian startup Spinny has turned unicorn with a new $280 million roundup. There are related companies in the US market that have gone public, so Spinny is operating in a market we understand. Let’s see how their economics prove.
  • Clothes for a bleak future: If you want giant storm jackets and fleece for extreme conditions – betting that climate change will make our planet less pleasant to live on – Vollebak will come back to you well. The startup just raised its Series A, probably, we think, in hopes of following Allbirds and other DTC’s that have recently appeared in the public markets.
  • Today in the names of startups we are not sure of the following: I’ve never been so big about calling meat fat “marbles” – to me, marble is the material for erotic carvings in the ancient world. I blame my parents’ love of art and art museums for this view. Regardless, there is a startup called Juicy Marbles that hopes to create “whole vegan meat cuts.” I support the product and the company’s goals. But juicy marble? There I am less confident.

Dear Sophie: How long does a conditional international entrepreneur take?

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Image credits: Bryce Durbin / TechCrunch

Dear Sophie,

I believe my co-founders and I may qualify for conditionally international entrepreneurs.

How long does it take to get approved for an IEP? How does that compare to other options available to startup founders, and can my wife work?

– Committed Operations Manager

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