AAA September 2012 – Page 8

Telefónica dials in $377m venture fund

Communications company Telefónica has announced the launch of Amérigo, a €300m ($377m) network of venture capital funds. Telefónica plans to invest an initial €68m ($85m) in the next five years. The firm expects the initial capital will generate an estimated €1bn ($1.25bn) worth of business projects. The fund, which is promoted by Telefónica Digital, will… Continue reading Telefónica dials in $377m venture fund

Valley culture trumps metrics

Corporates looking to approach Silicon Valley need to be aware of the ecosystem’s temptations to staff and also take care that the insights gained from being there are taken on by parent organisations.

Rocket-Internet’s Payleven makes global push

Credit card payment system Payleven has now launched in the UK, Netherlands, Poland and Brazil, after being trialed for six weeks in its home market, Germany. The system uses an add-on card reader for smartphones coupled an app to enable users to credit merchants over the 3G mobile phone network in exchange for a percent… Continue reading Rocket-Internet’s Payleven makes global push