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Financial institutions have struggled to develop their own technologies, hence the rise of neo-banks which used Open Banking regulations to build their own Fintech stacks. That has led to a wave of innovation, and startups have hungrily devoured the opportunities to ‘platformise’ the financial work. The latest is fintech SaaS provider Toqio which has now
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A new letter penned by Senate and House Democrats accuses Amazon of “anticompetitive” practices in its bid to purchase Roomba-maker, iRobot, for $1.7 billion. Massachusetts Senator Elizabeth Warren is leading the charge to convince the Federal Trade Commission to reject the deal, according to a report from Axios. “Rather than compete in a fair marketplace
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Today, Nielsen announced that Roku plans to enable four-screen measurement across desktop, mobile, connected TV, and traditional TV. This is the first time Roku will use the digital methodology, Nielsen One, the data measurement firm’s cross-media measurement tool, which launches in December. In the age of streaming, it’s becoming more challenging for companies to measure
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Regie.ai, a startup using OpenAI’s GPT-3 text-generating system to create sales and marketing content for brands, today announced that it raised $10 million in Series A funding led by Scale Venture Partners with participation from Foundation Capital, South Park Commons, Day One Ventures and prominent angel investors. The fresh investment comes as VCs see a
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Digital mortgage lender Better.com continues to lay off staff, and seemingly in as callous a way as possible. Indeed, whereas most companies try to avoid repeated layoffs, the outfit — which gained notoriety by laying off about 900 employees over Zoom on December 1, 2021 — has since been laying off smaller groups very systematically,
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More signs that the economy is slowing down in Europe, and that costs are going up, are driving merchants and consumers to look for less expensive ways to carry out their everyday business. Today, a startup out of Italy called Satispay — which operates an independent payment network that bypasses big banks and credit companies
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Amazon Alexa will be the foundation of BMW’s next-generation voice assistant, the companies announced Wednesday at Amazon’s annual Devices and Services launch event. The German automaker and Amazon are have had a relationship for years now. BMW started offering the Alexa assistant in select cars starting in 2018 and the partnership has grown from there.
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E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Co-founders and
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Cloudflare, the security, performance and reliability company that went public three years ago, said this morning that it will help connect startups that use its serverless computing platform to dozens of venture firms that have collectively offered to invest up to $1.25 billion in the companies out of their existing funds. It’s a smart, splashy
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