Daily Crunch: France moves to block e-commerce platform Wish over fraud, safety concerns

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Hello and welcome to the Daily Crunch of November 24, 2021! A small note: This newsletter is closed tomorrow but will be back on Friday with a special holiday edition. In short, we are taking advantage of a short time to recharge. Full service return on Monday! , alex

Nerdshala Top 3

  • To the north, an AI boom: Continuing our coverage of Nerdshala’s rapid-fire AI fundraising market, we explored Canada’s artificial-intelligence startup industry. Going farther north than you expected. Consider this further evidence of the booming global startup landscape.
  • France moves to delist Similar to a non-profit American newsroom, France decided to test their concerns about e-commerce marketplace Wish by buying stuff and seeing what they found. A bunch of violations, it turns out. France is now asking the search engine and app store to be delisted by a public US company.
  • Attio is taking on Salesforce: While startups are busy attacking multiple markets, there are certain areas of the software domain that have felt a lot of limitation in recent years. For example, Search is finally seeing a wave of competitors. Attio, now flush with $7.7 million in capital, is taking on the old-school CRM market.

Startups/VCs

  • Aslimia wants to bring more loans to Kenya: The business of lending money to people not supported by the traditional banking world is big business. Asilmia just raised $2 million — half debt, half equity — to keep money flowing in its home market. As Nerdshala reports, the company “enables merchants in Kenya to conduct mobile money transactions that are devoid of transfer fees through the Leja app.”
  • OnePipe raises $3.5M for its Fintech API business Plaid is a big deal in its home market, but that doesn’t mean there aren’t related startups carrying out similar work around the world. OnePipe is one such company that is bringing Fintech Infra APIs to Africa. And now it has a plethora of new funds to continue its work.
  • OK *now* the used car market is out of control: If you read business news, you have read about the used car market. Chip shortages have made older cars more expensive than ever. And now Indian startup Spinny has moved into the unicorn arena with a fresh $280 million round. There are related companies in the US market that have gone public, so Spiny is operating in a market that we understand. Let’s see how its economics is.
  • Clothes for a bleak future: If you want a jacket for heavy storms and a fleece for extreme conditions—not saying climate change is going to make our home planet a little less fun to live in—Wolleback has your, well, back. The startup recently picked up the Series A in the public markets, hoping to follow Allbirds and other recent DTC debuts, possibly, we speculate.
  • About the startup names we’re not sure about today: I’ve never been big on calling meat fat “marbling”—to me, marble is the material of Old World erotic sculptures. I blame my parents’ love for art and art museums for this approach. Regardless, there’s a startup called Juicy Marbles, which is hoping to create “plant-based whole meat cuts.” I am in favor of the goals of the product and the company. But juicy stone? There my confidence is low.

Dear Sophie: How Long Does International Entrepreneur Parole Take?

image credit: Bryce Durbin / Nerdshala

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dear sophie,

My co-founders and I think we can qualify for international entrepreneur parole.

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How long does it take to get an IEP approved? How does this compare to other options available to startup founders, and can my spouse do the job?

— Committed COO

(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here,

Big Tech Inc.

  • BNPL giants want to get into things other than BNPL: Yesterday’s news that Klarna is moving ahead in advance payment may have left you scratching your head. Get ready for more follicular penalties. Today, Nerdshala reported that Afterpay is joining the installment subscription game. Sure.
  • Twitter brings web update to iOS so you stop missing tweets: Ever been on your phone, a . looking at very nice tweet, only it has disappeared from your view, gone forever into the ether that is the ever-flowing timeline? Yes, it’s useless. The company recently fixed the issue on the web and is now fixing its mobile app. rejoice.

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