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Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution

Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution

Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and…

Techstars selects 12 companies for its fall space accelerator

Techstars selects 12 companies for its fall space accelerator

Techstars has chosen twelve companies to join its aerospace accelerator, a thirteen-week program which runs in partnership with the U.S. Space Force and NASA’s Jet Propulsion Laboratory. The new cohort includes eleven American companies and one from Australia. Matt Kozlov, Techstars managing director, told TechCrunch that he has a particular feeling about this new cohort.…

Fintech faces its reckoning: It’s only a matter of time until the house of cards collapses

Fintech faces its reckoning: It’s only a matter of time until the house of cards collapses

Michael Sindicich Contributor Share on Twitter Michael Sindicich is the EVP and general manager of expense at Navan, an all-in-one travel and expense management solution. The 2008 Global Financial Crisis was easily the most destructive economic crisis since the Great Depression. And yet, it’s not without a touch of irony that without it, we wouldn’t…

Rainbow or storm?

Rainbow or storm?

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Some fintech companies are weathering the storm better than others and seeing an end in sight. In particular, startups using AI to fight…

Discover space tech, trends, policies and possibilities at TechCrunch Disrupt 2023

Discover space tech, trends, policies and possibilities at TechCrunch Disrupt 2023

Set your coordinates for the Space Stage on September 19, Day 1 promptly at 0800 hours of TechCrunch Disrupt 2023. You’ll find sessions featuring some of the industry’s leading founders, investors, NASA researchers, Department of Defense officials, military commanders and national security experts. Launch into the future of space at TechCrunch Disrupt 2023 These leaders…