economy
Anna Khan and Kristin Baker Spohn have joined CRV as a GP and a venture partner, respectively.
Visa pitches a program offering fintechs faster market access through an ecosystem of partners
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track…
How retailers can survive the Amazon era
To survive in the post-Amazon era, the way companies have been storing and delivering physical goods to their final destination will need to change profoundly in the next decade.
Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO
The real estate market regularly goes through ups and downs, but today comes big news for a startup in the space that has built a platform that it believes can…
Why this Nigerian fintech startup is volunteering audited financials
Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company…
Flutterwave and Alipay partner on payments between Africa and China
San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. Flutterwave is a Nigerian-founded B2B payments service…
Last-mile training and the future of work in an expanding gig economy
The future of work is so uncertain that perhaps the only possible job security exists for the person who can credibly claim to be an expert on the future of…
In this week’s newsletter: Everything you need to know about the Vision Fund II.
How does a startup get from zero to execution when negotiating contracts with potential customers that are large enterprises?
Microsoft and the second SoftBank Vision Fund as another play for corporate cloud dominance
It looks like the return of SoftBank’s Vision Fund may be less reliant on murder money and more reliant on Microsoft’s money-making machine for its backing. The rumored involvement of…
Standard Cognition lands $35M at $535M valuation to battle Amazon Go
European venture capital fund EQT Ventures leads the round for Standard Cognition.
Peer-to-peer parking marketplace Rover tests monthly subscriptions
In today’s installment of “the future is 100% subscription-based,” Toronto-based startup Rover is testing out subscriptions for its parking marketplace. Rover lets users list their unused parking spots for on-demand…
Cryptocurrency loan site YouHodler exposed unencrypted user credit cards and transactions
A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password. Security researchers…
A WeWork IPO may be just weeks away, says new report.
Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.
Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is…
Early-stage enterprise startup founders listen up. That sound you hear is opportunity knocking. Answer the call, open the door and join us for TC Sessions: Enterprise on September 5 in San…
VertoFX raises $2M for its African and EM currency trading platform
VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsidiary in…
WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO
Adam Neumann, the co-founder and chief executive of the international real estate co-working startup WeWork has reportedly cashed out of more than $700 million from his company ahead of its initial…
Congressional testimony reveals some faults in Facebook’s digital currency plans
As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces…
Qualtrics’ Julie Larson-Green will talk experience management at TC Sessions: Enterprise
We’re less than two months out from our first TC Sessions: Enterprise event, which is happening in San Francisco on September 5, and did you know our buy-one-get-one-free sale ends…
Flybits nabs $35M to build consumer recommendation engines for the financial sector
Financial service companies like banks have seen some of their business cannibalised over the years with the rise of digital-based alternatives — often in the form of apps — that…
UK deep tech VC IQ Capital launches new $125M growth fund, closes third VC fund at $175M
IQ Capital, a U.K.-based deep tech fund that has invested in startups such as Paragraf, Senseye and Funderbeam, has launched a new $125 million Growth Opportunities Fund and closed its…
GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding
Many years ago every sales deal was sealed with a handshake between two people. Today, digitization has moved into the sales process, but it hasn’t necessarily improved the experience. In…
Fintech in Latin America continues to draw big dollars as SoftBank invests $231 million in Creditas
As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth…
Opera founded startup OPay raises $50M for mobile finance in Nigeria
OPay, an Africa-focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding. Lead investors include Sequoia China, IDG Capital and Source Code Capital. Opera…
Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation
When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be…
In this week’s newsletter: When to seek VC backing, Lance Armstrong’s VC career and Calm’s big raise.
PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment
PayU, the Naspers-owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based…
It’s not easy to raise growth-stage capital in Latin America, but it’s getting easier. As startups begin to flourish in the region’s largest markets, available funding is evolving to suit…
Africa Roundup: Yamaha backs MAX, Founders Factory and Norrsken support startups, inside Ethiopia’s tech scene
Competition in Africa’s two-wheel ride-hail market is accelerating. Nigerian motorcycle transit startup MAX.ng was the latest startup to add funding, raising a $7 million funding round in June with participation…
