Railsbank, the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank . Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me […]
PUBG Mobile will make its return to India in a new avatar, parent company PUBG Corporation said on Thursday. TechCrunch reported last week that the South Korean gaming firm was plotting its return to the world’s second largest internet market two months after its marquee title was banned by the country. The new game, called […]
China’s e-commerce behemoths Alibaba and JD.com again claimed to have set records during the world’s largest shopping event, Singles’ Day. The figures can often be gamed to paint a rosy picture of perpetual growth, journalists and analysts have long observed, so they are limited metrics for measuring the firms’ performance or Chinese consumers’ purchasing power […]
President-elect Joseph Biden has plucked Ron Klain, a longtime colleague and the current executive vice president of the venture capital firm Revolution, as his White House chief of staff, reports The New York Times. Klain was Biden’s chief of staff for two years during the Obama administration and left his post as chief of staff in 2011 […]
Rivian is opening up pre-orders for three editions of its upcoming electric pickup truck and SUV that start as low as $67,500 and with a battery range of more than 300 miles. However, more options will follow, including a base version that will have a smaller range of at least 250 miles and a price […]
New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech”. They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing. Tech solutions […]
Electric automaker Rivian will makes its hands-free driver assistance system standard in every vehicle it builds, including its first two vehicles — the RT1 pickup truck and R1S SUV — that are coming to market in 2021. Details about the system, which is branded as Driver+, was just one of numerous new bits of information […]
Google changes its storage policy, Facebook extends its political ad ban and Ring doorbells are recalled. This is your Daily Crunch for November 11, 2020. The big story: Google Photos will end free, unlimited storage Google is changing its storage policies for free accounts in a way that could have a big impact on anyone […]
Google Music is dead, and with it one of the few remaining connections I have to the company that doesn’t feel like a gun to my head. The service, now merged haphazardly with YouTube Music, recalled the early days of Google, when they sometimes just made cool internet things. It made it nearly a decade, […]
Twitter’s own version of Stories, which it calls “Fleets,” have arrived in Japan. The new feature allows users to post ephemeral content that automatically disappears after 24 hours. Though Fleets previously launched in Brazil, India, Italy and South Korea, Japan is notably Twitter’s second largest market, with some estimated 51.9 million users. It’s also second […]
The Extra Crunch Live series rolls along with a big new installment next week as Jordan Crook and Alex Wilhelm will welcome Bessemer Venture Partners‘ Byron Deeter to the conversation. Deeter is an obvious addition to the collection of investors, founders and tech luminaries that TechCrunch has interviewed so far in the Live series — […]
Snapchat is the quintessential consumer app: With an array of fun filters, it encourages people to send fun, disappearing messages to friends and has a large base of younger users. But could parent company Snap be eyeing up ways of leveraging its traction in the consumer world — with the app now seeing 249 million […]
Ajay Vashee — who spent the last eight years at Dropbox, rising from the head of finance to CFO over his tenure and helping to take the company public in 2018 — is joining the Silicon Valley venture firm IVP in January. It’s the realization of plans established long ago by Vashee, who fell in […]
Niantic is continuing to bet heavily on the idea that it knows where consumer computing is headed, namely toward augmented reality. The game development startup behind Pokémon GO has some good company with companies like Apple, Facebook and Snap making similar bets, but stakes are high for the studio that hopes it can build an […]
Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: How […]
Come June 1, 2021, Google will change its storage policies for free accounts — and not for the better. Basically, if you’re on a free account and a semi-regular Google Photos user, get ready to pay up next year and subscribe to Google One. Currently, every free Google account comes with 15 GB of online […]
The election is settled, but the nation is far from it. Before Election Day in the U.S., Facebook hit pause on all political and social issue ads. At the time, the company made it clear that the precautionary measure designed to turn off one potential faucet of misinformation would be temporary, but it couldn’t say […]
Following the landmark CJEU ‘Schrems II’ ruling in July, which invalidated the four-year-old EU-US Privacy Shield, European data protection regulators have today published 38-pages of guidance for businesses stuck trying to navigate the uncertainty around how to (legally) transfer personal data out of the European Union. The European Data Protection Board’s (EDPB) recommendations focus on measures […]
Amazon today announced a set of new features aimed at making its Alexa devices more useful to aging adults. With the launch of “Care Hub,” an added option in the Alexa mobile app, family members can keep an eye on older parents and loved ones, with their permission, in order to receive general information about […]
