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TikTok will launch its own e-commerce business

Plus: Coca-Cola raises full-year outlook as earnings beat estimates

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Cash Nut
July 26, 2023

In Today’s Edition

  • Trustmi lands $17M to scale its payments fraud prevention tech

  • Pantomath Acquires 75% Stake In AI-Based Deal Making Platform fundgini.com

  • Coca-Cola raises full-year outlook as earnings beat estimates

  • The excellent Arc browser is now available for anyone to download

  • How developers will test their apps before Vision Pro launches

  • There is a ‘gravity hole’ in the Indian Ocean, and scientists now think they know why

🚀Startups Nuts

Trustmi, whose platform is designed to integrate with existing payment workflows and systems, attempts to prevent fraud by conducting an initial assessment of past payments and applying this model to future payments in search of anomalies. Leveraging a “trust network” that crowdsources data from vendors and businesses, Trustmi delivers a “comprehensive” approach to payments security, it claims, while letting customers retain full control over their payment processes. Trustmi also automates and handles audit preparations, establishing financial reporting standards, protecting data and monitoring for potential breaches. The platform’s payment approval workflow, meanwhile, lets users flag errors and attacks, making it easier, ostensibly, to spot areas where errors and attacks frequently occur and take steps to fix them.

Founded in 2020, fundgini is a global marketplace for dealmakers like investors, startup founders, fund seekers, among others. fundgini’s platform uses AI-based deal matching and personalised AI bot social media integration for pushing the right deals to the stakeholders. Launched in 2013 by Mahavir Lunawat and Madhu Lunawat, Pantomath operates as a merchant banking provider and recently forayed into fintech space.

🏭Business Nuts

TikTok plans to launch an e-commerce business selling made-in-China products to US customers. The TikTok Shop Shopping Center will allow users to shop directly from Lives, videos, and creator or brand profiles. TikTok will purchase products from suppliers, store them, and distribute them to customers. The service could launch as soon as August.

Read Here - Link

Coca-Cola’s second-quarter earnings and revenue topped Wall Street’s estimates. The beverage giant also raised its full-year outlook, following in the footsteps of rival PepsiCo. Coke has been been raising prices across its portfolio, including another round of hikes during the first quarter.

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📱Tech Nuts

Arc is finally ditching its waitlist. The browser is now available for Mac and iOS users. It features tools for taking notes, making collaborative easels, redesigning webpages, and more. The browser has been stable for months, though it has some performance issues as with any other Chromium-based browser.

Apple has opened up three different ways for app developers to start testing their apps on Vision Pro hardware before the product launches. Developers can apply to be sent Vision Pro hardware on loan, send their apps to Apple for Apple employees or contractors to test, or book time in one of Apple's visionOS developer labs. The labs will be places where developers can do self-directed coding and design work on their own development machines. Requests for access to the labs or developer kits will be granted on a case-by-case basis.

🔥Newsletter Spotlight

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  • Pre-Money - Join 5000+ other investors who ready about up in coming start-ups, and have the opportunity to meet the founders - Link

  • Finance Homie - World's most interesting finance newsletter, getting you caught up with what went down each week across private equity, investment banking, and the public markets - Link

🎁Miscellaneous

There is a spot in the Indian Ocean where Earth's gravitational pull is weaker, its mass is lower than normal, and the sea level dips by over 328 feet. Researchers from India believe that the phenomenon is caused by plumes of magma coming from deep inside the planet. They came to that conclusion by studying how the Earth formed its shape starting from 140 million years ago. The Earth is not a perfect sphere, and its many plate movements can cause areas of different densities to form.

💡What else are we reading and seeing?

  • What We Know About LLMs

  • The 'untold hack' for attracting VCs: building in stealth

  • EU passes law to blanket highways with fast EV chargers by end of 2025

  • OpenAI can’t tell if something was written by AI after all

  • This ultra-small probe promises to record neuron activity without invasive surgery

  • Sensing an end of Fed hikes, some investors return to dividend stocks

  • Big Tech prepares its next AI pitch

  • Options Unveiled: Crypto Options

😎Fun Fact

A group of flamingos is called a "flamboyance."

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