Ah, spring has sprung here in the Northeast United States, and it’s not only flowers that are blooming.
Today on Equity’s startup-focused Wednesday show, we dug into the Multiverse-Searchlight deal, which reminded us of the Wonderschool-Early Day transaction that we covered on the show a few weeks ago.
Startup Land is feeling quite busy and high-dollar again, and that’s a lot of fun!
We wrapped up the show with a cool discussion of this new venture capital fund that’s targeting growth-rounds in Africa.
Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday, and you can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
The payment landscape in the Middle East and Africa (MEA) region is marked by significant fragmentation, with numerous payment providers and methods in each country, evolving regulations and diverse customer preferences.
This complexity is further compounded by challenges such as payment fraud, low checkout conversion rates, and high transaction failure rates.
Payment orchestration platforms streamline payment processes for merchants through unified payment APIs.
As merchants or companies launch their platforms, they often start by collaborating with one or two payment processing providers.
As their operations grow and expand into multiple regions, they onboard additional payment providers to meet their evolving needs.
Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans.
First announced in September last year, the deal was always going to attract regulatory scrutiny due to the size of the transaction and the fact that it took one of Adobe’s major rivals out of the picture.
Irrespective of that outcome, the two companies were already facing significant headwinds in Europe.
As a result of all this, Adobe will now have to pay Figma a termination fee of $1 billion, which was contractually payable in the event of the transaction failing to attain regulatory clearance — or if it failed to close within 18 months of the acquisition’s announcement last September.
That 18-month stipulation hadn’t yet been reached, and no regulatory body had actually announced their final findings — but Adobe and Figma clearly saw no way through this, and with the DoJ also weighing up regulatory action, in the end it just made more sense to pull the plug on the deal entirely.
The traditional role of the real estate agent has long been challenged as the internet has made it easier for people to search for, and tour, homes.
The buyers’ agent commission varies from transaction to transaction depending on what is offered by the seller.
In a scenario where the buyer’s agent commission is 3%, for example, the home buyer would receive up to 1.5% as a rebate and Prevu as a company would retain the other 1.5%.
Buyers receive the commission rebate via check after closing.
Making home buying “more attainable”So besides rebates, what is Prevu doing that’s different from its competitors?
Get TechGround’s top stories every day – subscribe now! Let’s kick off this week with a positive outlook! I had an unfortunate start to the day (my thumb got smashed…
