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FTC, 48 States Launch Massive Antitrust Suit On Facebook

PYMNTS

The FTC complaint alleges that Facebook has engaged in a systematic strategy — including its 2012 acquisition of Instagram, its 2014 acquisition of WhatsApp, and the imposition of anticompetitive conditions on software developers — to eliminate threats to its monopoly, according to the release.

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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Innovation is at the heart of what we do at Careem , and has been critical to our success in winning over local markets,” said Co-founder and chief executive officer (CEO) Mudassir Sheikha. “As

Regional 188
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DHL Debuts Africa eShop App

PYMNTS

To help merchants sells products to markets in Africa, DHL is rolling out its DHL Africa eShop app. retailers online in markets across Africa, according to reports. The platform is in markets such as Kenya, South Africa and Malawi, while local FinTech options like M-Pesa and Paga will be included in the service’s payment methods.

New York 100
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American Eagle Leads $3.45M Investment In Dormify

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Founded by Amanda Zuckerman and her mom Karen in 2012, Dormify offers college students and post-grads tools, resources and products to create their first home away from home. The company was able to amass its loyal customer base through email marketing. Dormify announced a $3.45

New York 135
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eCommerce Co Jumia Files US IPO

PYMNTS

Founded in 2012, Jumia also became the first African unicorn startup in 2016 after a $326 funding round that included Goldman Sachs, AXA and MTN. We’re really focused on growing our existing business, leadership position, number of sellers and consumer adoption in those markets,” Poignonnec said.

US 129
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WeChat Pay Rolls Out Utility To Transfer Funds Between Smartphones

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Ant Financial’s Alipay — WeChat Pay’s rival — launched a comparative feature in 2012 that lets users send and receive funds using a mobile number or email addresses. . We extended our market leadership as the leading mobile payment platform by active users and the number of transactions in China.”.

Mobile 110
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Sansan Lands VC For Business Networking Solution

PYMNTS

The service launched in Japan in 2012. Study researchers described the B2B marketing potential of social media as an “untapped gold mine.” Eight is a social network service designed to help business professionals digitize, manage and share the contact information which would normally be found on physical business cards.