Tech layoffs: Cred-owned Happay lays off 15% workforce

Cred-owned startup Happay has reportedly laid off 15% of its workforce. Cred's Kunal Shah acquired the business expense management solutions Happay in 2021. The company has laid off the employees in a restructuring exercise. As reported by The Economic Times, the exact number of impacted employees is not known right now. However, the company has reportedly laid off about 10 to 15% workforce. https://ift.tt/ARcfKoY

Kenya-based M-KOPA, an asset financing service offering African customers access to "productive assets" and digital payments, raised $55M equity and $200M+ debt (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch:
Kenya-based M-KOPA, an asset financing service offering African customers access to “productive assets” and digital payments, raised $55M equity and $200M+ debt  —  M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” …

Oppo may soon exit European market, wiped its German website

Following a patent dispute with Nokia, Oppo (and its sub-brand OnePlus) was compelled to suspend operations in Germany last year. Since then, rumors have circulated about Oppo potentially shutting down shops in Europe, despite the company's denial. Nonetheless, the actions taken by Oppo seem to indicate otherwise. Now the company's official website in Germany currently has no product listings, leaving it empty. https://ift.tt/ZD6k5JC

At I/O 2023, Google Assistant was an afterthought, superseded by Bard, a notable omission after Assistant took center stage at multiple previous I/O keynotes (Khari Johnson/Wired)

Khari Johnson / Wired:
At I/O 2023, Google Assistant was an afterthought, superseded by Bard, a notable omission after Assistant took center stage at multiple previous I/O keynotes  —  Google's generative AI chatbot Bard took center stage at the company's I/O conference.  The company's answer to Siri was left backstage.

How love for 5G phones ‘helped’ Amazon India in the first quarter of the year 2023

5G smartphones seem to be a rage, especially in Tier 2 markets in the country. The love for 5G smartphones reportedly spurred US-based ecommerce giant Amazon’s sales in the first quarter of the year. According to a report in Economic Times (ET), strong demand from Tier 2 markets for 5G smartphones boosted Amazon India’s smartphone sales to double-digit growth in the first quarter of the year. The double-digit growth reportedly came during the first three months of the year (Q1-2023) when several market research reports pegged the overall industry shipments to have slumped nearly 20% year-on-year. https://ift.tt/nOCTutG

Swedish cybersecurity company Truesec and experts: Russia-linked "Anonymous Sudan" is one of the most prolific hacktivist groups targeting Swedish organizations (Bloomberg)

Bloomberg:
Swedish cybersecurity company Truesec and experts: Russia-linked “Anonymous Sudan” is one of the most prolific hacktivist groups targeting Swedish organizations  —  Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports …