Month: January 2025

It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with a patchwork of brittle screen-scraping APIs to extract data from users’ financial institutions — or worse, tools to process mounds of physical checks and paperwork. Three friends and entrepreneurs — Jose
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Kirubha Perumalsamy co-founded Rollfi during crypto’s heyday in 2021 to help companies process crypto payroll. When crypto crashed, Rollfi pivoted to become an embedded payroll company, partnering with financial services companies to offer payroll and benefits services to their clients.  The pivot was enough of a success for Rollfi to be acquired for an undisclosed
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Fitbit has settled with the U.S. Consumer Product Safety Commission (CPSC) over a long-standing defect that caused some wearers to sustain burns. The deal finds the Google-owned fitness company paying a $12.25 million penalty for the issues surrounding its Ionic smartwatch. The issue dates back to 2018, continuing on into 2020. Fitbit agreed to recall
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Streaming service Plex has long since grown beyond its original focus of being a home for personal media to offer a more comprehensive solution for discovering, streaming, and sharing content across services, including Plex’s own ad-supported free TV and movies. More recently, the company added social networking features, which it’s today expanding with its rollout
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Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins. They are teaming up to launch crypto special purpose vehicles (SPVs) and crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday. The partnership, they said, will give users
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The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal.  The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade.
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Google has agreed to acquire a part of HTC’s extended reality (XR) business for $250 million, expanding its push into virtual and augmented reality hardware following the recent launch of its Android XR platform. The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive intellectual property rights, according to
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Another tidbit just dropped following Wednesday’s Samsung Unpacked event. This one comes courtesy of Adobe, which notes that the new Galaxy S25 line will be the first handsets to support the Content Credentials standard, aimed at labeling AI-generated content as such. The Coalition for Content Provenance and Authenticity (C2PA) group — of which Samsung is
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Spotify is expanding its streaming service to now include educational courses in addition to music, podcasts, and audiobooks. The company on Tuesday referenced one of its newer features called courses, which allow users to learn about topics in areas like business, tech, lifestyle, music, and more. The feature is initially being piloted in the U.K.,
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One of Donald Trump’s first acts as president was an executive order that could kill the nascent offshore wind industry in the United States. Trump’s order, signed Monday, halted federal leases for offshore wind development on the outer continental shelf — a location far enough from shore that wind speeds are consistently higher, but near
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Spotify is expanding its streaming service to now include educational courses in addition to music, podcasts, and audiobooks. The company on Tuesday referenced one of its newer features called courses, which allow users to learn about topics in areas like business, tech, lifestyle, music, and more. The feature is initially being piloted in the U.K.,
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IMDb, the Amazon-owned online database that provides information on movies, TV shows, and celebrities, announced on Tuesday that its founder, Col Needham, is stepping down as CEO. Nikki Santoro, who has served as the Chief Operating Officer since 2021, has been appointed as his successor. Santoro’s appointment is significant, as she is the first woman
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French AI lab, Mistral, is working toward an initial public offering, co-founder and CEO Arthur Mensch said Tuesday in an interview with Bloomberg at the World Economic Forum in Davos. Mistral is “not for sale,” Mensch said, adding that the company plans to open an office in Singapore to focus on the Asia-Pacific region and
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French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to small companies facing a working capital crunch. It’s a €9 million equity-and-debt round ($9.4 million at today’s exchange rates) with Seventure Partners buying a stake in the small startup. Financière Arbevel
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