Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten Featured

Asia is a big step up for the company: there are some 60 million migrants from the region and some $250 billion is transferred annually in the region, and today some 75% of that activity is done offline with banks or money transfer operators like Western Union. Azimo hopes to disrupt this by offering transaction fees below 2%, compared to offline rivals that charge between 5% and 8%

Top Tesla Manufacturing Execs Will Leave After Production Snafus Featured

Self-described “hubris” apparently caught up with Tesla Motors TSLA -4.11% in another way this week, as the company confirmed that two of its top manufacturing executives — neither of whom had any previous automotive production experience — are leaving the company just as it is gearing up for the unprecedented challenges of producing its popularly priced Model 3.

Amazon's business marketplace hits $1 billion in sales Featured

"We are continuing to grow at a rate of 20 percent month-on-month, and that highlights ... how strong the need is in this segment,"

Amazon.com Inc's business marketplace, which connects businesses with suppliers, has generated $1 billion in sales in its first year, making it a significant player in a fragmented industry worth more than $8.2 trillion in the United States.

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