Verizon seeks to sell Tumblr – TechCrunch, The Wall Street Journal

Verizon Media Group is seeking for new buyer for blogging site Tumblr, according to a report by The Wall Street Journal, as the platform continues to lose users following its recent porn ban.

Citing sources familiar with the matter, the report also stated that the process is “ongoing and may not result in any transaction.”

Another report by TechCrunch stated that the group has declined to comment on the matter.

Deskera raises US$100M+ in extended Series A funding round – Deal Street Asia

Singapore-based cloud-based software provider Deskera has raised more than US$100 million in an extended Series A funding round from an entity linked to South Korean tech giant Naver, according to a report by Deal Street Asia.

The funding round followed an over US$60 million Series A round from a number of investors that include Jungle Ventures, Cisco Investments, Tembusu Partners, Susquehanna International Group and Innoven Capital in late 2018.

Naver itself had confirmed in an email statement that the investment was made via the Mirae Asset-Naver Asia Growth Fund. The company declined to give further details.

Also Read: [Updated] Indonesian government bans Tumblr and WE JUST CAN’T

Zenoti raises US$50 million Series C funding round led by Tiger Global Management – Deal Street Asia

Seattle and Hyderabad-based enterprise cloud platform Zenoti announced on Wednesday that it has closed a US$50 million Series C funding round led by Tiger Global Management, Deal Street Asia wrote.

The funding round included the participation of Norwest Venture Partners and Accel Partners.

Zenoti plans to use the funding to accelerate product innovation, expand to new markets, and acquire talents.

This funding round has taken the number of its total funding to US$71 million.

Singapore MAS experiments with blockchain cross-border payments – e27

Monetary Authority of Singapore (MAS) and Bank of Canada have been collaborating in the use of distributed ledger technology, or blockchain, to make the cross-border payment process cheaper and safer.

Both parties concluded the experiment as a successful one.

The results were linked up to their respective experimental domestic payment networks, named Project Jasper (Canada) and Project Ubin (Singapore), which are built on two different blockchain platforms.

The project teams used a technique called Hashed Time-Locked Contracts (HTLC) to connect the two networks and allow Payment versus Payment (PvP) settlement.

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