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Mike Cagney is right now testing the boundaries of the U.S. banking system

5 years 11 months ago
Founder Mike Cagney is always pushing the envelope, and investors love him for it. Not long after sexual harassment allegations prompted him to leave SoFi, the personal finance company that he cofounded in 2011, he raised $50 million for a new lending startup called Figure that has since raised at least $225 million from investors […]

Daily Crunch: Slack and Salesforce execs explain their big acquisition

5 years 11 months ago
We learn more about Slack’s future, Revolut adds new payment features and DoorDash pushes its IPO range upward. This is your Daily Crunch for December 4, 2020. The big story: Slack and Salesforce execs explain their big acquisition After Salesforce announced this week that it’s acquiring Slack for $27.7 billion, Ron Miller spoke to Slack […]

Gift Guide: 9+ caffeinated gift ideas for your favorite coffee lovers

5 years 11 months ago
The pandemic has meant we leave our homes far less often, and that means fending for ourselves when it comes to coffee. But too many of us have old, cheap coffee makers or worse, pod-based ones at home. Here are the best ways to elevate your coffee game or delight the java lover in your life.

Zephr raises $8M to help news publishers grow subscription revenue

5 years 11 months ago
Zephr has raised $8 million in a new funding round led by Bertelsmann Digital Media Investments (owned by media giant Bertelsmann). The London-headquarted startup’s customers already include publishers like McClatchy, News Corp Australia, Dennis Publishing and PEI Media. CEO James Henderson told me via email that rather than creating “a monolithic product that tries to […]

Revel pulls electric mopeds after failing to make a dent in Austin’s car culture

5 years 11 months ago
Shared electric moped startup Revel said Friday that it will shut down its service in Austin later this month. The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit, for the company’s decision. Instead, […]

PrimaHealth Credit offers a buy-now, pay-later lending service for elective procedures

5 years 11 months ago
The Newport Beach, California-based healthcare lending service PrimaHealth Credit is now pitching point-of-sale lending services for elective medical procedures. Taking the kinds of financial lending services that have been popularized by companies like Klarna and Affirm, PrimaHealth Credit is bringing them into elective surgical space for things like cataract surgery, orthodontic work, dental care or […]

Why Slack and Salesforce execs think they’re better together

5 years 11 months ago
When Salesforce bought Slack earlier this week for $27.7 billion, it was in some ways the end of a startup fairytale. Slack was the living embodiment of the Silicon Valley startup success fantasy. It started as a pivot from a game company, of all things. It raised $1.4 billion, went from zero to a $7 […]

Revolut lets businesses accept online payments

5 years 11 months ago
Fintech startup Revolut is launching its own acquiring solution. With this move, the company is competing directly with Stripe, Adyen, Braintree or Checkout.com. This is an in-house product and not just a fresh coat of paint on an existing solution. As a reminder, Revolut already offers business accounts. It lets you send and receive international […]

DoorDash amps its IPO range ahead of blockbuster IPO

5 years 11 months ago
DoorDash filed a fresh S-1/A, providing the market with a new price range for its impending IPO. The American food delivery unicorn now expects to debut at $90 to $95 per share, up from a previous range of $75 to $85. That’s a bump of 20% on the low end and 12% on the upper […]

Grab-Singtel and Ant Group win digital bank licenses in Singapore

5 years 11 months ago
Singapore on Friday granted four firms, including Ant Group and Grab, licenses to run digital banks in the Southeast Asian country, in a move that would allow the tech giants to expand their financial services offerings. The nation’s central bank, Monetary Authority of Singapore (MAS), said it applied a “rigorous, merit-based process” to select a […]

China’s internet regulator takes aim at forced data collection

5 years 11 months ago
China is a step closer to cracking down on unscrupulous data collection by app developers. This week, the country’s cybersecurity watchdog began seeking comment on the range of user information that apps from instant messengers to ride-hailing services are allowed to collect. The move follows in the footstep of a proposed data protection law that […]
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