news.crunchbase.com
Open in
urlscan Pro
34.123.91.139
Public Scan
Submitted URL: http://mail.strategist-hub-alerts.com/c/1o3zjreCrFGD3f3GJkiwmL96sVp
Effective URL: https://news.crunchbase.com/business/borderless-innovation-social-commerce-bnpl-shopify-wechat-affirm/
Submission: On January 05 via api from IE — Scanned from DE
Effective URL: https://news.crunchbase.com/business/borderless-innovation-social-commerce-bnpl-shopify-wechat-affirm/
Submission: On January 05 via api from IE — Scanned from DE
Form analysis
3 forms found in the DOMGET https://news.crunchbase.com/
<form class="herald-search-form" action="https://news.crunchbase.com/" method="get">
<input name="s" class="herald-search-input" type="text" value="" placeholder="Type here to search..."><button type="submit" class="herald-search-submit"></button>
</form>
GET https://news.crunchbase.com/
<form class="herald-search-form" action="https://news.crunchbase.com/" method="get">
<input name="s" class="herald-search-input" type="text" value="" placeholder="Type here to search..."><button type="submit" class="herald-search-submit"></button>
</form>
Name: iterable_optin — POST //links.iterable.com/lists/publicAddSubscriberForm?publicIdString=e78943ae-e695-4a99-8a83-f85d4bd0ab00
<form name="iterable_optin" action="//links.iterable.com/lists/publicAddSubscriberForm?publicIdString=e78943ae-e695-4a99-8a83-f85d4bd0ab00" target="_blank" method="POST" class="email" style="opacity: 1;">
<input type="text" name="email" size="22" onfocus="if(this.value===this.defaultValue){this.value='';}" onblur="if(this.value===''){this.value=this.defaultValue;}" value="Enter your email">
<input type="submit" value="Submit">
</form>
Text Content
MENUMENU * About Crunchbase * Solutions * Find Investors * Find Investments * Find Prospects * Market Research * Build Your Product * Popular Links * Featured Searches and Lists * The Crunchbase Difference * Knowledge Center * Create a Crunchbase Profile * Company * Careers * Partners * Blog * Contact Us * Go To Crunchbase.com * Try Pro Free THE CURATED LIST OF THE MOST VALUABLE PRIVATE COMPANIES IN THE WORLD | LEARN MORE * Unicorn Board * Emerging Unicorn Board * Funding Reports * 2022 * YE / 2022 Global * Q3 / Europe 2022 * Q3 / Asia 2022 * Q3 / North America 2022 * Q3 / Global 2022 * Q2 / Latin America 2022 * Q2 / Europe 2022 * Q2 / N. America 2022 * Q2 / Global 2022 * Q1 / Asia 2022 * Q1 / Latin America 2022 * Q1 / Europe 2022 * Q1 / GLOBAL 2022 * Q1 / N. AMERICA 2022 * 2021 * YE / 2021 Global * YE / 2021 Europe * YE / 2021 N. America * YE 2021 Latin America * YE / 2021 Asia * H1 / 2021 Asia * H1 / 2021 Europe * H1 / 2021 North America * H1 / 2021 Global * Q1 / 2021 European * Q1 / 2021 Global * Q1 / 2021 North America * Q3 / 2021 GLOBAL * Q3 / 2021 EUROPE * Q3 / 2021 NORTH AMERICA * Q3 / 2021 ASIA * 2020 * Q4 2020 / European * Q4 / 2020 GLOBAL * North America 2020 Report * Q3 2020 * Q2 2020 * Q1 2020 * 2019 * Q4 2019 * Q3 2019 * Q2 2019 * Q1 2019 * 2018 * Q4 2018 * Q3 2018 * Q2 2018 * Q1 2018 * 2017 * Q4 2017 * Q3 2017 * Q2 2017 * Q1 2017 * Facebook * LinkedIn * Twitter * Unicorn Board * Emerging Unicorn Board * Funding Reports * 2022 * YE / 2022 Global * Q3 / Europe 2022 * Q3 / Asia 2022 * Q3 / North America 2022 * Q3 / Global 2022 * Q2 / Latin America 2022 * Q2 / Europe 2022 * Q2 / N. America 2022 * Q2 / Global 2022 * Q1 / Asia 2022 * Q1 / Latin America 2022 * Q1 / Europe 2022 * Q1 / GLOBAL 2022 * Q1 / N. AMERICA 2022 * 2021 * YE / 2021 Global * YE / 2021 Europe * YE / 2021 N. America * YE 2021 Latin America * YE / 2021 Asia * H1 / 2021 Asia * H1 / 2021 Europe * H1 / 2021 North America * H1 / 2021 Global * Q1 / 2021 European * Q1 / 2021 Global * Q1 / 2021 North America * Q3 / 2021 GLOBAL * Q3 / 2021 EUROPE * Q3 / 2021 NORTH AMERICA * Q3 / 2021 ASIA * 2020 * Q4 2020 / European * Q4 / 2020 GLOBAL * North America 2020 Report * Q3 2020 * Q2 2020 * Q1 2020 * 2019 * Q4 2019 * Q3 2019 * Q2 2019 * Q1 2019 * 2018 * Q4 2018 * Q3 2018 * Q2 2018 * Q1 2018 * 2017 * Q4 2017 * Q3 2017 * Q2 2017 * Q1 2017 * Go To Crunchbase.com * Topics * Startups * Venture * Business * Public Markets * Funding reports * Liquidity * Crypto * Diversity * Proust * VC Reports * Q1 2019 * 2018 * Q4 2018 * Q3 2018 * Q2 2018 * Q1 2018 * 2017 * Q4 2017 * Q3 2017 * Q2 2017 * Q1 2017 * About Crunchbase News * Freelance Writers: How To Pitch Crunchbase News * Data Methodology * The Crunchbase Daily * Crunchbase Products * Crunchbase Pro * Crunchbase Marketplace * Crunchbase Enterprise * Crunchbase for Applications * Facebook * LinkedIn * Twitter Business • Communications tech • Fintech & e-commerce • Startups • Venture THE NEW WORLD OF BORDERLESS INNOVATION: 3 BUSINESS MODELS SCALING BEYOND THE VALLEY Guest Author March 21, 2022 Guest Author 43 Shares * Email * Facebook * Twitter * LinkedIn By Alex Lazarow The world of innovation is global. Indeed, more than 90 startup ecosystems are home to a billion-dollar startup. And it isn’t just that startups are scaling internationally—increasingly, global startup ecosystems are home to the largest global players. For example, the largest edtech in the world is in India, the largest neobank is in Brazil, and the largest superapp is in China. Today, innovation is happening in interconnected waves: The best ideas are coming from anywhere and scaling everywhere. In that vein, here are three business models that are scaling internationally while playing out in local markets. SOCIAL COMMERCE In China, social commerce, or group buying, first became possible as mobile adoption, digital payments usage and social network penetration—including all-in-one via superapps like WeChat—skyrocketed. It offered the possibility to better serve the majority of China’s massive population—those in the low- to middle-income brackets, particularly in second- and third-tier cities, and other historically underserved customers. SEARCH LESS. CLOSE MORE. Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data. Start Your Search Pinduoduo is largely seen as the pioneer in this space. It became China’s second-largest e-commerce player in seven short years. But social commerce models are now on the rise in many similarly emerging markets from India (Meesho) to Latin America (Facily) and beyond. Alex Lazarow, partner at Cathay Innovation Why? By combining group buying schemes and social media, these platforms can onboard new consumers into the world of e-commerce at a viral rate. They’re creating a unique combination of solidarity with other users and trust. And by shortcutting supply chains, they can also be a boon for merchants, matching them with local demand. BUY NOW, PAY LATER BNPL has been a global movement evolving in many digital ecosystems. Players such as Affirm and Klarna demonstrated the BNPL industry’s potential in the West. For customers, BNPL offers a convenient alternative way to check out with more flexible payment terms. For merchants, it drives higher basket size and lower cart abandonment. Outside of Silicon Valley, particularly where underbanked rates are higher, the model is more impactful. By using alternative data coupled with lower-cost delivery models, BNPL can drive expansion of financial access and, like social commerce, help onboard customers. We’re seeing this in Southeast Asia (FinAccel; Rely), the Middle East (Tamara; Tabby), India (Zest), Latin America (Addi; Kueski), Africa (Credpal; Motitio) and the list goes on. ENTREPRENEURIAL SUPPORT Entrepreneurship is the largest profession in the world. For many, it is of necessity. For the lucky few, it is by choice. There are many solutions for specific verticals or pain points of managing a business, from e-commerce (Shopify) to HR (Gusto) to payments (Stripe). But now, new platforms are making it easier for anyone, anywhere to launch a business, manage finances, purchase domain names and so on—all under a single pane of glass. By uniting the fragmented SMB market, these platforms help entrepreneurs manage the governance of their business so they can instead focus on growth. And with SMEs representing around 90 percent of businesses and more than 50 percent of employment worldwide, we’re seeing this model take off globally from Texas-based ZenBusiness to Brazil-based Contabilizei and more. WHERE DOES THIS TAKE US? The best ideas used to come from Silicon Valley and scale globally. No longer. They’re now coming from anywhere and scaling everywhere. While it may seem as though borders are going up around the world, ideas are more borderless than ever. This cross-pollination of models is close to my heart and my recent book “Out-Innovate: How Global Entrepreneurs—from Delhi to Detroit—Are Rewriting the Rules of Silicon Valley.” We are in the early innings of this global shift. But one thing is certain, the world will be better for it. -------------------------------------------------------------------------------- Alexandre (Alex) Lazarow is a partner at Cathay Innovation. An early investor in Chime and Sidecar Health, Lazarow is committed to expanding venture capital opportunities into the “frontier,” which he describes as the world beyond the Silicon Valley bubble and other major economic centers. Illustration: Dom Guzman Learn More -------------------------------------------------------------------------------- 1. Disclaimer: Cathay Innovation is an investor in Pinduoduo, Facily, Kueski, FinAccel and ZenBusiness. Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily. YOU MAY ALSO LIKE Cybersecurity • Startups • Venture FORECAST: CYBERSECURITY LIKELY TO SEE VALUATION CUTS, BUT DEMAND STILL STRONG Chris Metinko January 5, 2023 Although security needs around software development, applications and data remain, cybersecurity startups likely will continue to battle against a... Funding reports • Seed funding • Startups • Venture GLOBAL FUNDING SLIDE IN 2022 SETS STAGE FOR ANOTHER TOUGH YEAR Gené Teare January 5, 2023 Venture and growth investors in private companies scaled back their investment pace significantly in the latter half of 2022, signaling a slower... Fintech & e-commerce FORECAST: WHICH FINTECH SECTORS WILL VCS FAVOR IN 2023? Gené Teare January 4, 2023 Financial services remained the leading sector for venture investment in 2022 despite an overall pullback in VC funding and shockwaves in the crypto... Crypto • Fintech & e-commerce • Web3 WEB3 WEEKLY: THE NEW YEAR USHERS IN MORE FTX INTRIGUE Chris Metinko January 3, 2023 On Tuesday, disgraced FTX founder Sam Bankman-Fried pleaded not guilty to eight criminal counts involving FTX’s and Alameda Research’s collapse in a... FEATURED Economy • Job market • Layoffs • Public Markets • Startups TECH LAYOFFS: THE U.S. COMPANIES THAT HAVE CUT JOBS SINCE 2022 December 23, 2022 3 Min Read Cybersecurity • Startups • Venture FORECAST: CYBERSECURITY LIKELY TO SEE VALUATION CUTS, BUT DEMAND STILL STRONG January 5, 2023 4 Min Read Economy • Fintech & e-commerce • Health, Wellness & Biotech • SaaS • Transportation & Logistics • Travel & tourism RECESSIONS, RESILIENCE AND RETURNS: HERE ARE 8 TECH SECTORS PRIMED FOR GROWTH December 7, 2022 4 Min Read Fintech & e-commerce • Layoffs • Startups • Venture • Web3 HOW VCS INVEST IN CRYPTO WILL BE CHANGED BY FTX’S SPECTACULAR FALL December 7, 2022 5 Min Read Fintech & e-commerce • Layoffs • Startups • Venture • Web3 WEB3 WEEKLY: APOLOGIES WON’T KEEP LAYOFFS AND CRYPTO PRICES FROM DROPPING December 7, 2022 3 Min Read CTA Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Learn More 67.1K FOLLOWERS Follow us on Facebook 33.4K Followers Follow us on Twitter 29K Followers Follow us on LinkedIn 4.7K Followers Editorial Partners: Verizon Media Tech About Crunchbase News Crunchbase News Data Methodology Privacy Policy Terms of Service Company Careers Partners Blog Contact Us Crunchbase Pro Crunchbase Enterprise Crunchbase for Applications Customer Stories Pricing Featured Searches And Lists Knowledge Center Create A Profile Sales Intelligence Sales Prospecting Guide Sales Prospecting Tools © 2023 Crunchbase Inc. All Rights Reserved. * * * * Copy link CopyCopied