Investment app for millennials, Groww, raises $83 million at over $1 billion valuation
More than 200 million people in India transact money digitally, but fewer than 30 million invest in mutual funds and stocks.
An Indian startup that is attempting to change this figure by courting millennials announced a new financing round on Wednesday, and turned into the newest unicorn in the wor
Plaid raises $425M Series D from Altimeter as it charts a post-Visa future
Plaid, a unicorn that helps connect consumers’ bank accounts to financial applications, has raised a $425 million Series D, it announced this morning. technewss understands that the new capital infusion, led by Altimeter Capital, values the company at around $13.4 billion.
It is not surprisi
Blue dot raises $32M for AI that helps businesses manage their tax accounting
Artificial intelligence has become a fundamental cornerstone of how a lot of business software works, providing a useful boost in reading, understanding and using the often-fragmented trove of data that organizations generate these days. In the latest development, an Israeli startup called Blue dot
Berlin’s Bryter raises $66M to take its no-code tools for enterprises to the US
No-code startups continue to see a lot of traction among enterprises, where employees — strictly speaking, non-technical, but still using software every day — are getting hands-on and building apps to take on some of the more repetitive aspects of their jobs, the so-called “citize
Former Amazon exec gives Chinese firms a tool to fight cyber threats
China is pushing forward an internet society where economic and public activities increasingly take place online. In the process, troves of citizen and government data get transferred to cloud servers, raising concerns over information security. One startup called ThreatBook sees an opportunity in
Patreon triples valuation to $4 billion in new raise
Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to The Wall Street Journal on Tuesday.
The creator economy platform, which allows artists to be directly funded by their fans, received new attention amid the COVID-19 pandem
Daily Crunch: Facebook faces questions over data breach
European regulators have questions about a Facebook data breach, Clubhouse adds payments and a robotics company has SPAC plans. This is your Daily Crunch for April 6, 2021.
The big story: Facebook faces questions over data breach
A data breach involving personal data (such as email
Signal tests payments in the UK using MobileCoin
Encrypted chat app Signal is adding payments to the services it provides, a long-expected move and one the company is taking its time on. A U.K.-only beta program will allow users to trade the cryptocurrency MobileCoin quickly, easily, and most importantly, privately.
If you’re in the U.K., o
Lawmakers press Instagram for details on its plans for kids
A group of Democratic lawmakers wrote to Mark Zuckerberg this week to press the CEO on his plans to curate a version of Instagram for children. In a hearing last month, Zuckerberg confirmed reporting by BuzzFeed that the company was exploring an age-gated version of its app designed for young users
Coinbase’s monster Q1 in context
In the first quarter of 2021, American consumer cryptocurrency trading giant Coinbase grew sharply, generating strong profits at the same time.
For Coinbase, the disclosure of its preliminary Q1 2021 results comes a week ahead of its direct listing, an event that will see the company begin to trade
Rapid raises $12M for its manufacturing robotics
Bay Area-based Rapid Robotics today announced a $12 million Series A. The new round, led by NEA, brings the company's total funding up to $17.5 million. It joins a recently closed seed round, announced way back in November of last year. Existing investors Greycroft, Bee Partners and 468 Capital
Apple launches an app for testing devices that work with ‘Find My’
Apple has launched a new app, Find My Certification Asst., designed for use by MFi (Made for iPhone) Licensees, who need to test their accessories’ interoperability with Apple’s Find My network. The network helps users find lost Apple devices — like iPhones, AirPods and Mac comput
Giving EV batteries a second life for sustainability and profit
Electric cars and trucks seem to have everything going for them: They don’t produce tailpipe emissions, they’re quieter than their fossil-fuel-powered counterparts and the underlying architecture allows for roomier and often sleeker designs. But the humble lithium-ion battery powering t
New Jersey announces $10M seed fund aimed at Black and Latinx founders
Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, technewss has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development A