For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to
Month: September 2024
European regulators are pushing hard for greener energy. The REPowerEU plan calls for 10 million additional heat pumps to be added by 2027, and solar panels are also on the rise. But most installations are done by small businesses that could be more productive with better work processes. This is where German startup Reonic comes
Some major consolidation is afoot in the world of internet communications — and it will have implications for competition and consumer internet access in U.S. On Thursday, Verizon announced that it would gobble up Frontier Communications for $20 billion — more than double Frontier’s market cap at the close of trading the night before. Frontier
Cowboy, the Brussels-based company that has been designing and selling electric bikes that you can see in major cities across Europe, has closed a small, strategic funding round of €5 million (around $5.5 million at current exchange rates). That includes €1 million in debt facilities. While the amount isn’t as impressive as some of Cowboy’s
If you spend time on X or Threads, where snarky memes rise and fall, you’ve probably seen posts referencing “founder mode” over the last few days, like this: https://www.threads.net/@carnage4life/post/C_eaQAxyIcV Or maybe this: You may even have seen this parody about “goblin mode.” The chatter ties to a recent blog post that Y Combinator founder and
The American sports betting market produced $10.9 billion in revenue in 2023 for casinos, sportsbooks and iGaming, according to the American Gambling Association. One of the reasons this industry is so lucrative is because the majority of people who bet on sports lose. A three-year-old San Francisco-based startup called DubClub is trying to change that.
Time is running out to take advantage of our Student Pass discount for TechCrunch Disrupt 2024. Students and recent graduates can still save up to $200 until September 6 at 11:59 p.m. PT. With classes back in full swing and the job market tougher than ever for recent grads, we know how tight money can
Navin Chaddha, the leader and managing partner of 55-year-old VC firm Mayfield Fund, has a penchant for approaching venture investing in a way that deviates slightly from other established firms. When Mayfield raised a $955 million fund last year, Chaddha told TechCrunch the firm didn’t need a multibillion-dollar fund because “copying somebody else is strategy
New climate tech VC firms have emerged in recent years, but existing ones are also raising larger funds. Founded in 2007, Dutch firm SET Ventures is one of the latter. Its fourth fund, which just closed at €200 million, is twice the size of its previous one, and will be deployed into 20 to 25
YouTube is expanding its existing set of parental controls with a new feature that would allow a parent to link their account to their teen’s account in order to gain insight into the teen’s activity across the video-sharing platform, the company announced on Wednesday. Once linked, parents will be alerted to their teen’s channel activity,
Microplastics are everywhere. Everywhere. They are in our waters, in our food and even crossing blood barriers to enter our brains. Sarah Paiji Yoo launched Blueland in 2019 to help consumers minimize the amount of microplastics they come into contact with each day. This meant creating special tablets that dissolve in water and can be
At Uber, Gurjit Pannu remembers moving billions in cash across bank accounts globally, realizing almost immediately the importance of effective cash flow management. Christian Sobkowski, meanwhile, recalls his days working in financial services, most notably at PayPal, where helped expand the company’s business across Europe. It’s no wonder then, that the two decided to come
The new Paper Pro tablet from reMarkable moves the company’s vision of combining PC with paper closer to reality, adding color and capability while keeping the philosophy of focus intact. The Norwegian company has been something of an unlikely success story. In a day and age where more and more functionality is crammed into our
Indian online pharmacy startup PharmEasy, once valued at $5.6 billion, is still about 92% below its peak valuation, according to estimates by its investor Janus Henderson. According to the British-American global asset firm, which disclosed how it values its shares in the Indian startup in a securities filing, PharmEasy’s implied valuation at the end of
Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for millions of underbanked and demand will keep growing, pushing the value of the digital lending platform market in the Middle East and Africa to reach
Social networking startup Bluesky continues to benefit from X’s shutdown in Brazil having now added over 2 million new users over the past four days, up from just half a million as of Friday. This rapid growth led some users to encounter the occasional error that would state there were “Not Enough Resources” to handle
From idea to IPO, Disrupt charts startups at every stage on the roadmap to their next breakthrough. TechCrunch will gather some of the startup world’s leading companies — but our partners provide more than just financial support. Their presence at Disrupt gives new and prospective founders the tools, knowledge and community they need to build
Spotter, the startup that provides financial solutions to content creators, announced Tuesday the launch of its new AI-powered creative suite. Dubbed Spotter Studio, the solution aims to support YouTubers throughout the creative process, such as helping them brainstorm video concepts, generate thumbnail and title ideas, plan projects, organize tasks, and collaborate with their team. Most notably,
While scaling and managing teams at two of the largest unicorns in the Middle East and North Africa (MENA) region, Akeed Azmi and David Reche stumbled on what they believed was a $2 billion opportunity. They realized that their former employers at Careem and Kitopi as well as other local businesses in the region struggled with payroll management and
Bootstrapped companies don’t come up in startup news as often as those backed by venture capital, as the former don’t have shiny funding rounds to flaunt. Fleet is a good example of a company that has never raised outside capital but has been growing steadily. The Paris-based company originally offered a way to rent hardware,
Many airlines and shipping companies say they’ll hit net zero carbon emissions by 2050, but right now they have no clear path toward hitting that target. From a scientific perspective, ridding those industries of fossil fuels is possible; economically, it’s not. Or at least not yet, claims a young startup. Oxylus Energy thinks it has
Andreessen Horowitz’s partner Joshua Lu knows that, in the video game industry, you can never get too comfortable. When he was head of product at Zynga, he experienced the height of mobile games, working on hits like Words with Friends; then as a vice president at Blizzard Entertainment, he helped produce tentpole hits like Diablo
Only 5 days remain to grab a $200 discount on Student Passes for TechCrunch Disrupt 2024. This special offer ends on September 6 at 11:59 p.m. PT. Don’t miss out! Now that classes are back in session, it’s normal to feel the pressure of rising expenses. Or maybe you’ve recently graduated and are hunting for
Whether it’s a sophisticated cocktail party, a casual happy hour, a niche meetup, or a skill-building workshop, “Disrupt Week” offers you the flexibility to host a Side Event that truly represents your brand. Take advantage of this opportunity to increase your brand visibility in front of over 10,000 TechCrunch Disrupt 2024 attendees and the vibrant
As companies grapple with the challenge of developing a sustainable business without sacrificing their core principles, open source has evolved from a niche approach to software development into the business model of many successful tech companies. Its principles of transparency and collaboration have fueled innovation, but balancing these ideals with the practical demands of leading
Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. With
The Mac mini will be the next Apple device to say goodbye to USB-A, according to Bloomberg’s Mark Gurman. Apple customers have probably gotten used to seeing the familiar, rectangular USB-A ports replaced with their thinner USB-C siblings. And while USB-C has its advantages, the transition can sometimes leave users confused and scrambling for adapters.
Startups globally have faced challenges over the last couple of years when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers. In addition, large mergers-and-acquisitions (M&A) deals have faced heightened regulatory scrutiny, particularly involving Big Tech or multi-billion-dollar conglomerates. Notably, a decline in venture investment within any startup
As businesses experiment with embedding AI everywhere, one unexpected trend is companies turning to AI to help its many newfound bots better understand human emotion. It’s an area called “emotion AI,” according to PitchBook’s new Enterprise Saas Emerging Tech Research report that predicts this tech is on the rise. The reasoning goes something like this:
Don’t miss out! Today is the last day to apply and scale your Series A to B startup at a significantly reduced exhibit cost with the ScaleUp Startup Exhibitor Package. Maximize your startup’s exposure without stretching the budget. Pay just a fraction of the regular exhibit price and showcase your Series A to B startup
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