Brex says DoorDash is ‘first of many’ new enterprise customers to come – TechCrunch

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Welcome to the Daily Crunch for Wednesday, April 13, 2022! Tomorrow, we’re excited to attend the Early Stage (if you’re going to attend, don’t forget to submit your pitch deck!). If you haven’t received your ticket yet, it’s still possible to get a last minute ticket to join the fun in San Francisco.

On Equity today, the podcast team argues that VC needs a lot more crypto than the other way around, so listen to that too!

Until tomorrow! – cristina Y Go

TechCrunch Top 3

  • Discussing corporate expense management: The competition to help large companies become more efficient with their spending just won another fighter. Brex, which initially focused on startups with its corporate card, is now getting into software. He already secured DoorDash as a client, so the jump into the corporate expense pool was more of a cannonball than a toe. Ironically, on the same day, Mary Anne wrote about Emburse, an expense management company that started at the company and is now going after Brex small business territory. Ding Ding!
  • Today’s TechCrunch+ Action: Alex weighed in on whether the SaaS sell-off is over now that public markets are stabilizing, saying: “Ironically, interest rates may be the best reason to hope that most of the software stock sell-off is behind us.” “. In the meantime, Ana dipped into investing in Latin America, where the numbers show a slowdown, but it could just be “a correction after overheating,” Anna reported. Don’t pull out the scarves just yet: With all of the seed investment still flowing into the region and some new funding turning its attention to Latin America, there appears to be “a lot of dry powder yet to be rolled out.”
  • Former Xinjiang prisoner describes experience in Chinese detention camps: By now, it’s hard not to have heard of Chinese detention camps that are accused of imprisoning people of certain ethnic origins. zack interviewed a person who arrived in Washington, DC, with his family after the US government granted him temporary immigration status. What is the technological angle? At the camp and after his release to house arrest, Ovalbek Turdakun said the Hikvision-brand cameras were “always on and watching.”

Startups and VCs

There have been plenty of EV companies that hit the public markets by being “acquired” by an already publicly traded company, rather than going the normal IPO route. jaclyn argues that EV companies should have slammed on the brakes a bit before jumping on the SPAC bandwagon.

Meanwhile, fresh out of our keeping an eye on the propaganda machine department, TikTok was doing its best to remove some of the Russian state media’s propaganda from its platform, but a study reveals it’s not particularly successful: the platform continues to be dominated by pro-war content.

It is simply the best; better than all the rest:

Dear Sophie, I did not win the H-1B lottery. What are my next steps?

Image Credit: Bryce Durbin/TechCrunch

Dear Sophie,

I got my masters in business analytics last year and have been working for a company while at OPT ever since.

My employer entered me in the H-1B lottery last month, but I have not been selected. I heard that my degree now qualifies as a STEM field, making me eligible to continue working under OPT.

How can I stay in the United States?

— Astute Analyst

(TechCrunch+ is our membership program, helping startup founders and teams get ahead. You can sign up here.)

great tech inc

  • Pokémon Go creator thinks he has a gem on his hands with new game Peridot: I’m not a gamer, but apparently a lot of my colleagues are, based on the amount of chatter that happens when new games come out. Peridot appeals to her love of caring for animals, but with augmented reality, they can now hunt for treasure and explore new places together.
  • WhatsApp approved to extend payment service to 100 million users in India: That’s both a good thing and a bad thing, we report. While this gives the Meta-owned service the green light, regulators say it has to roll out slowly. This is giving rival companies the opportunity to gain a greater presence in the region.
  • Just when the European Commission thought its Digital Services Law was ready: The European consumer organization BEUC, a collection of consumer organisations, called on the EU not to weaken key provisions aimed at traceability of traders, banning misleading design and banning the use of children’s data and sensitive data for the ad targeting. I’m not sure why they wouldn’t want to apply them in full force, but we report that these agreements are often not made transparently.
  • Switching to the Android app is no longer just a rumorNote: If you’re an iOS user who wants to leave your iPhone behind in favor of a smartphone running Google’s Android operating system, you’re in luck. Google quietly released the Switch to Android app on the App Store to make your transition as seamless as possible.
  • Read the latest in the saga:Spoiler alert: More layoffs are said to be on the horizon.

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