As it adapts to the worsening economy, PayPal plans to fire 2000 employees, or 7% of its workforce. The firm had to restructure in response to the difficult macroeconomic situation,...Read More

A $35 million (about R600 million) Series B financing led by Lightrock has been raised by Cape Town-based startup Lulalend, according to the company’s announcement. Investors from DEG, Triodos Investment...Read More

Portfolio and virtual currency tax tracker, CoinTracker has laid off 20 percent of its staff. According to the firm, the current size of the firm was too large for the...Read More