News broke this morning that Revolut, a U.K.-based consumer fintech player, raised a Series E round of funding worth $800 million at a valuation of $33 billion. Those figures are breathtaking not only due to their sheer scale, but also thanks to their radical divergence from Revolut’s preceding funding event. At times, The Exchange, TechCrunch’s
Month: July 2021
Facebook just announced plans to pay content creators more than $1 billion by the end of next year through new bonus programs designed to keep creatives plugged into its app ecosystem. Facebook founder and CEO Mark Zuckerberg first announced the new funding to “reward creators for great content” on his Facebook page. The company will
There is an art to engineering, and sometimes engineering can transform art. For Spencer Kimball and Peter Mattis, those two worlds collided when they created the widely successful open-source graphics program, GIMP, as college students at Berkeley. That project was so successful that when the two joined Google in 2002, Sergey Brin and Larry Page
The fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money. In the latest development, Revolut — the London-based financial “superapp” that provides banking, investing, currency transfer and other money management services to some 16 million users globally — this
We know how much you love a good startup pitch-off. Who doesn’t? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at your next pitch meeting with
American Express is branching out into financial planning, with a little help from a seven-person startup called BodesWell. This week, the credit card giant launched a pilot of its first self-service digital financial planning tool, dubbed “My Financial Plan (MFP).” The six-month pilot kicked off on July 11 with about 25,000 select Amex cardmembers. American
Indian startup Inshorts that operates an eponymous news aggregator service and location-based social media platform Public has raised $60 million in a new financing round, the startup confirmed to TechCrunch on Thursday. Vy Capital led the new round in Inshorts, which has raised $140 million in the last one year. The new investment values the
Every application is a palimpsest of technologies, each layer forming a base that enables the next layer to function. Web front ends rely on JavaScript and browser DOM, which rely on back-end APIs, which themselves rely on databases. As one goes deeper down the stack, engineering decisions become ever more conservative — changing the location of
Leap, a platform for people over 55 to learn via social interaction, has raised $3.1M funding in a seed round led by European early-stage investor Creandum, and SF-based South Park Commons. Also participating was Learn Start/Learn Capital, alongside angels Michelle Kennedy (Peanut founder), Sahil Lavingia, and Tim Tuttle. Leap members gather online to collectively “learn,
A banner quarter for Xiaomi helped the Chinese mobile company snag the No. 2 spot in global smartphone shipments, according to newly posted Q2 numbers from research firm Canalys. It’s pretty stunning growth for the company, up 83% year-over-year for the quarter and capturing 17% of the global market. The surge puts Xiaomi at No.
In the previous part of this EC-1, we looked at the technical details of CockroachDB and how it provides accurate data instantaneously anywhere on the planet. In this installment, we’re going to take a look at the product side of Cockroach, with a particular focus on developer relations. As a business, Cockroach Labs has many
<a href=”https://www.bloomberg.com/news/articles/2021-07-13/apple-goldman-plan-buy-now-pay-later-service-to-rival-paypal”>Bloomberg broke news earlier this week that Apple, the consumer hardware giant with a rising services focus, is building a buy now, pay later (BNPL) service that will integrate with its Apple Pay system. The news sent shares of Affirm down just over 10% by the end of the day, and it shed 2.5%
The company behind ubiquitous livestreaming software Streamlabs is introducing a new way for streamers to share their gaming highlights to platforms well beyond Twitch. Streamlabs calls the new tool Crossclip, and it’s available now as an iOS app and as a lightweight web tool. With Crossclip, creators can easily convert Twitch clips into a format
CockroachDB was intended to be a global database from the beginning. The founders of Cockroach Labs wanted to ensure that data written in one location would be viewable immediately in another location 10,000 miles away. The use case was simple, but the work needed to make it happen was herculean. The company is betting the
Facebook’s lead regulator in the European Union must “swiftly” investigate the legality of data-sharing related to a controversial WhatsApp policy update, following an order by the European Data Protection Board (EDPB). We’ve reached out to the Irish Data Protection Commission (DPC) for a response. Updated terms had been set to be imposed upon users of
Arcc, a coworking space in Singapore available for bookings on Deskimo Part of Y Combinator’s current batch, Deskimo wants to make finding coworking spaces easier. Its on-demand booking app is currently available in Singapore and Hong Kong, with plans to enter more markets after Demo Day. Its founders are former Rocket Internet executives who say
Easy Eat AI, a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Easy Eat AI offers an operating system for restaurants that lets them digitize all parts of their business, from inventory and customer orders to delivery, and gain AI-based data analytics to improve
We knew DMs were on the way to Clubhouse and today the new feature landed, spicing up the audio-only app with a text-based chat feature. Clubhouse’s new direct messaging system, called “Backchannel,” gives users an oft-requested way to start conversations behind the scenes on the social audio app. Backchannel offers both one-on-one messaging as well
Simpplr, a modern platform for building intranet sites (or ’employee communications and enablement platforms,’ as the company calls it), today announced that it has raised a $32 million Series C round led by Tola Capital. Norwest Ventures, which led the company’s Series B round last year, as well as Salesforce Ventures and George Still Ventures
French startup Wecasa has raised a $17.7 million funding round (€15 million). Blisce is leading the funding round with existing investors Serena, ISAI and Frédéric Mazzella also participating. The company has been building a marketplace for home care and wellness. Over the past few years, Wecasa has kept adding new verticals. The startup originally specialized
While retail investors grew more comfortable buying cryptocurrencies like Bitcoin and Ethereum in 2021, the decentralized application world still has a lot of work to do when it comes to onboarding a mainstream user base. Phantom is part of a new class of crypto startups looking to build infrastructure that streamlines blockchain-based applications and provides
Venture capital price discipline is out the window; venture funds are looking to make faster, earlier deals; and more unicorns were minted in the last three months than during any quarter in history. It’s a busy time for startups and their financial backers. Now weeks into July, it’s increasingly clear that 2021 is shaping up
WhatsApp is finally pushing an improvement to a key feature that even the Facebook-owned instant messaging service acknowledges has been a top request from users for years. On Wednesday, WhatsApp said it is rolling out a limited public beta test for its improved multi-device capability. The update enables WhatsApp users for the first time to
Anthony Cimino Contributor Anthony Cimino, head of policy at Carta, works with policymakers and innovators to drive economic opportunity through expanding equity ownership and private market liquidity. The increasing regulation of ESG (environmental, social, governance) disclosure reporting may have started in the public markets, but will almost certainly have downstream effects for private market actors
When it comes to tough environments to build new technology, firefighting has to be among the most difficult. Smoke and heat can quickly damage hardware, and interference from fires will disrupt most forms of wireless communications, rendering software all but useless. From a technology perspective, not all that much has really changed today when it
It’s been fascinating to watch the development of Eventtus, a startup I came across many years ago on my travels in the Middle East, finding them at the Rise-Up Summit in Cairo in 2012. Then, it was two young women who’d taken the Silicon Valley startup culture to heart and created their own take on
As mobile developers build apps, they push them out into the world and problems inevitably develop, which engineers have to scramble to fix. Mobile.dev, a new startup from a former Uber engineer, wants to flip that story and catch errors before the app launches. Today, the company emerged from stealth with a beta of their
Unybrands is the latest e-commerce aggregator to pick up a significant investment, this time closing $300 million in growth capital from Crayhill Capital Management. The Miami-based company, which created a platform for e-commerce businesses looking to scale their operations on and off Amazon, was founded in 2020. It previously raised a $25 million seed round
There are far fewer annoying things than managing one’s passwords. There are a bunch of companies out there to help you attempt to do that. And there’s also a number of companies that want to go a step further and eliminate the password completely. One such company, Stytch, just raised $30 million in a Series
Anyone, an audio app that’s building a ‘marketplace for advice’ one five-minute phone call at a time, is launching new versions of its iOS and Android apps today* and beginning to large-scale onboarding after operating in a limited closed beta for the past six months. The app — which was founded around 18 months ago
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