Nelo raises $3M to grow ‘buy now, pay later’ in Mexico

Buy now, pay later is a way of paying for purchases via installment loans that generally have no interest. The concept has grown in popularity in recent years, especially in markets such as the United States, Europe and Australia. Numerous players abound, all fighting for market share — from

Reform the US low-income broadband program by rebuilding Lifeline

“If you build it, they will come” is a mantra that's been repeated for more than three decades to embolden action. The line from “Field of Dreams” is a powerful saying, but I might add one word: “If you build it well, they will come.” America's Lifeline program, a monthly subsid

Facebook’s decision-review body to take ‘weeks’ longer over Trump ban call

Facebook’s self-styled and handpicked “Oversight Board” will make a decision on whether or not to overturn an indefinite suspension of the account of former president Donald Trump within “weeks”, it said in a brief update statement on the matter today. The high-profile

The IPO market is sending us mixed messages

If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation. But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled

GM’s second $2.3B battery plant with LG Chem to open in late 2023

GM and LG Chem announced Friday plans to build a second U.S. battery cell factory — a $2.3 billion facility in Spring Hill, Tennessee that will supply the automaker with the cells needed for the 30 electric vehicle models it plans to launch by mid decade. Construction on the plant, which is locat

Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’

Level, a startup that aims to give companies a more flexible way to offer benefits to employees, has raised $27 million in a Series A funding round led by Khosla Ventures and Lightspeed Venture Partners. Operator Collective and leading angels also participated in the financing, along with previous

Google misled consumers over location data settings, Australia court finds

Google’s historical collection of location data has got it into hot water in Australia where a case brought by the country’s Competition and Consumer Commission (ACCC) has led to a federal court ruling that the tech giant misled consumers by operating a confusing dual-layer of location

1Doc3, a Colombian telemedicine startup, raises $3 million

The pandemic has made telemedicine video visits in the U.S. almost commonplace, but in Latin America, where broadband isn't widely available, 1Doc3 is using text and chat to provide access to care. Today, the Colombia-based company announced a $3 million pre-Series A led by MatterScale Ventures

Medtronic partners with cybersecurity startup Sternum to protect its pacemakers from hackers

If you think cyberattacks are scary, what if those attacks were directed at your cardiac pacemaker? Medtronic, a medical device company, has been in hot water over the last couple of years because its pacemakers were getting hacked through their internet-based software updating systems. But in a ne

Facebook faces ‘mass action’ lawsuit in Europe over 2019 breach

Facebook is to be sued in Europe over the major leak of user data that dates back to 2019 but which only came to light recently after information on more than 533 million accounts was found posted for free download on a hacker forum. Today Digital Rights Ireland (DRI) announced it’s commencin

Pakistan temporarily blocks social media

Pakistan has temporarily blocked several social media services in the South Asian nation, according to users and a government-issued notice reviewed by technewss. In an order titled “Complete Blocking of Social Media Platforms,” the Pakistani government ordered Pakistan Telecommunication Autho

Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network

Ocado, the U.K. online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering and delivery operations, is making an investment today into what it believes will be the next chapter of how that business will grow: i

All the tech crammed into the 2022 Mercedes-Benz EQS

Mercedes-Benz lifted the final veil Thursday on its flagship EQS sedan after weeks of teasers, announcements and even a pre-production drive in which technewss participated. The company peeled off the camouflage of the EQS — the electric counterpart to the Mercedes S Class — and revealed an ul

Sen. Wyden proposes limits on exportation of American’s personal data

Senator Ron Wyden (D-OR) has proposed a draft bill that would limit the types of information that could be bought and sold by tech companies abroad, and the countries it could be legally sold in. The legislation is imaginative and not highly specific, but it indicates growing concern at the federal