economy

Lessons from building Brex into a billion-dollar startup

When I think about my experience as an immigrant and entrepreneur in Silicon Valley, I remember growing up in Brazil and how we saw tech founders and CEOs as kings. We imagined what it would be like t

Atlassian launches the new Jira Software Cloud

Atlassian previewed the next generation of its hosted Jira Software project tracking tool earlier this year. Today, it’s available to all Jira users. To build the new Jira, Atlassian redesigned

Building a great startup requires more than genius and a great invention

Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy.

SpankChain spanked

SpankChain, a cryptocurrency aimed at decentralized sex cams, has announced that a hacker stole about $38,000 from their payment channel thanks to a broken smart contract. They wrote: At 6pm PST Satur

Chargify launches a new payment management tool for subscription services

Chargify, the payment management service owned by Scaleworks, has launched a new tool for billing management.  The new product is designed to remove limitations and allow payers to assign or reassign

The Hack Fund will use crypto to give startups early liquidity

Now that “utility” tokens have become a popular and international way to fund major blockchain projects, a pair of investors are creating a new way to turn tokens into true equities. The i

Indonesian co-working startup GoWork lands $10 million

Co-working today is a global game that’s played by many more than just WeWork, despite the company’s valuation surging to $20 billion. But, as WeWork increasingly globalizes its focus, the

Venture capital investment in US companies to hit $100B in 2018

So many new unicorns valued at $1 billion-plus, countless $100 million venture financings, an explosion of giant funds — it’s no surprise 2018 is shaping up to be a banner year for ventu

Freight trucking startup Shipwell gets a $10 million boost

Shipwell, a startup pitching a marketplace for domestic ground shipping and fleet and cargo management services for freight trucking companies, has raised $10 million in a new round of funding. A boo

Humbition is a new fund led by the Indiegogo’s Slava Rubin

Zocdoc founder Cyrus Massoumi and Indiegogo founder Slava Rubin have created a new $30 million fund called Humbition aimed at early stage, founder-led companies in New York. “The fund is focused

African financial technology startups move beyond payment services

If mobile money was the first phase in the development of digital finance in Africa, the next phase of digital financial services on the continent will focus on lending, insurance and wealth manageme

Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines

China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom

Africa Roundup: Paga goes global and 4 startups raise $99M in VC

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor E-moto startup Alta Motors reportedly powers down Africa

KZen raises $4 million to bring sanity to crypto wallets

KZen, a company run by former TC editor Ouriel Ohayon, has raised $4 million in seed to build a “better wallet,” obviously the elusive Holy Grail in the crypto world. Benson Oak Ventures,

Here are the companies that pitched in Startup Battlefield MENA

Today in lovely Beirut, Lebanon TechCrunch held its first Startup Battlefield in the country. Over 700 people watched the show on site, which featured speakers from throughout the Middle East and 15 s

We’re kicking off Startup Battlefield MENA, here are the startups and agenda

We’re kicking off Startup Battlefield MENA here in Beirut, where 15 startups will be taking the stage, along with speakers from Facebook (our partner on the event through its FB Start program), Inst

Update: Petal’s no-fee credit card for the credit score-less is now open to the public

This post was updated to correct the names of the company’s founders and the fact that Petal makes money off of the interest payments its customers make.  Petal, the startup credit card company

Report: Most ICO project financing unaffected by crypto market crash

Despite a bear market that has seen the price of Ethereum drop by over 80 percent since the start of the year, most projects that raised money via an ICO remain unaffected, according to the findings o

Fund raises $200 million to lend cash to startup employees whose liquidity is locked up in equity

Troy Capital Group has closed its $200 million fund to provide loans to startup employees whose liquidity is locked up in company stock. The fund, backed by the multi-billion-dollar private equity gia

YC grad The Lobby raises $1.2M to help job seekers break into Wall Street

The Lobby will use the funds to build out its finance job marketplace, which founder and CEO Deepak Chhugani says is like a "personalized Glassdoor."
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