Daily Crunch: Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline...

BAI Capital targets China’s globalizing startups with fresh $700M fund

BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas. The...

Mexican fintech startup Stori reaches unicorn status with $50M equity raise

While credit cards are ubiquitous in the U.S., they are far less so across Latin America, where people — especially lower-income members of the population — have historically relied on cash for payments. But the market in LatAm has shifted in recent years,...