83North closes $300M fifth fund focused on Europe, Israel

October 07, 2019 at 12:21PM 83North has closed its fifth fund, completing an oversubscribed $300 million raise and bringing its total capital under management to $1.1BN+. The VC firm, which spun out from Silicon Valley giant Greylock Partners in 2015 — and invests in startups in Europe and Israel, out of offices in London andContinue reading “83North closes $300M fifth fund focused on Europe, Israel”

PayPal pulls out of Facebook’s Libra cryptocurrency

October 07, 2019 at 10:45AM Payments company becomes first to withdraw from controversial digital project PayPal has become the first company to drop out of Facebook’s Libra cryptocurrency, as the embattled project continues to face queries from regulators around the world. Libra is technically an association backed by 28 – now 27 – multinational companiesContinue reading “PayPal pulls out of Facebook’s Libra cryptocurrency”

Time: 3 Hospitals in Alabama Forced to Turn Patients Away After Ransomware Attack

October 02, 2019 at 04:48PM Three hospitals in Alabama remained closed Wednesday “to all but the most critical new patients” due to a ransomware attack that disrupted medical care. “A criminal is limiting our ability to use our computer systems in exchange for an as-yet unknown payment,” the DCH Health System said in a statementContinue reading “Time: 3 Hospitals in Alabama Forced to Turn Patients Away After Ransomware Attack”

Battlefield vets StrongSalt (formerly OverNest) announces $3M seed round

September 26, 2019 at 03:33PM StrongSalt, then known as OverNest, appeared at the TechCrunch Disrupt NYC Battlefield in 2016, and announced product for searching encrypted code, which remains unusual to this day. Today, the company announced a $3 million seed round led by Valley Capital Partners. StrongSalt founder and CEO Ed Yu, says encryption remainsContinue reading “Battlefield vets StrongSalt (formerly OverNest) announces $3M seed round”

Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments

September 24, 2019 at 12:00PM Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at everyContinue reading “Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments”

Tipalti collects $76M from Twitter alums’ 01 Advisors and more for its AI-based accounts payable solution

September 24, 2019 at 11:20AM Accounting is one of the cornerstones to building a business, but for most companies, getting it right is more of a necessity than it is one of their core competencies. That has created a vacuum, and now, a company called Tipalti — which has developed a popular solution to automate accountingContinue reading “Tipalti collects $76M from Twitter alums’ 01 Advisors and more for its AI-based accounts payable solution”

Payments giant Stripe debuts a credit card in its latest step into the financing fray

September 10, 2019 at 04:00PM Last week, when the popular payments startup Stripe made some waves with its first move into money lending through the launch of Stripe Capital, we reported that the company was also soon going to be launching a credit card. Now, that news is official. Today, the company is doubling downContinue reading “Payments giant Stripe debuts a credit card in its latest step into the financing fray”

Spendesk raises $38.4 million for its corporate card and expense service

September 09, 2019 at 07:01AM French startup Spendesk has raised another $38.4 million Series B round with existing investor Index Ventures leading the round. The company has raised $49.4 million (€45 million) over the years. Spendesk is an all-in-one corporate expense and spend management service. It lets you track expenses across your company, empower yourContinue reading “Spendesk raises $38.4 million for its corporate card and expense service”

APIs are the next big SaaS wave

September 06, 2019 at 06:56PM Daniel Levine Contributor Share on Twitter Daniel Levine is a partner at Accel. He joined the firm in 2010 and focuses on product-first startups aimed at consumers, developers, and bottoms-up business users. While the software revolution started out slowly, over the past few years it’s exploded and the fastest-growing segmentContinue reading “APIs are the next big SaaS wave”

Amazon hand-recognition system lets customers pay just by waving

September 04, 2019 at 09:04PM Next-generation biometric technology could be introduced to Whole Foods stores in the US later this year Amazon hand-recognition system lets customers pay just by waving … Selected by softengoxford Search Web: Amazon hand-recognition system lets customers pay just by waving

Porsche’s all-electric evolution: from sketch to Mission E concept to Porsche Taycan

September 04, 2019 at 03:00PM The Porsche Taycan, the German automaker’s first all-electric sports car, has arrived. After four years of development, the company lifted the veil Wednesday on the Porsche Taycan. Here’s a look back at how this four-door electric vehicle developed from a few sketches to the Mission E concept, and then toContinue reading “Porsche’s all-electric evolution: from sketch to Mission E concept to Porsche Taycan”

Smile-to-pay: Chinese shoppers turn to facial payment technology

September 04, 2019 at 06:08AM New technology is rolling out across the country, despite concerns over privacy China’s shoppers are increasingly purchasing goods with just a turn of their heads as the country embraces facial payment technology. In a country where mobile payment is already one of the most advanced in the world, customers canContinue reading “Smile-to-pay: Chinese shoppers turn to facial payment technology”

Amazon accused of handing over ‘diddly-squat’ in corporation tax

September 03, 2019 at 11:00PM Firm attacked even though it says its contribution has nearly tripled since 2017 Amazon has been accused of continuing to underpay corporation tax in the UK despite nearly tripling the payment from a key British division to £14m. Amazon UK Services, the company’s warehouse and logistics operation that employs moreContinue reading “Amazon accused of handing over ‘diddly-squat’ in corporation tax”

Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses

September 03, 2019 at 01:15PM Data is the new oil, as the saying goes, and today Kabbage — a fintech startup backed by SoftBank that has built a business around lending up to $250,000 to small and medium enterprises, using AI-based algorithms to help determine the terms of the loan — is picking up anContinue reading “Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses”

Strike 2.0: how gig economy workers are using tech to fight back

August 31, 2019 at 07:59AM Up to 10 million people in the UK are in precarious work, juggling low paid jobs as cleaners, Deliveroo riders and Uber drivers. But a movement is under way to rewire the economy from within Fatima, from Guinea-Bissau, wakes up in the early hours of the morning to be inContinue reading “Strike 2.0: how gig economy workers are using tech to fight back”

Apple Card: New iPhone payment system starts rolling out to customers

August 06, 2019 at 11:23AM Select users start receiving invitations Apple Card: New iPhone payment system starts rolling out to customers … Selected by softengoxford Search Web: Apple Card: New iPhone payment system starts rolling out to customers

Apple Card: company reveals credit card launching next month

July 31, 2019 at 02:04AM Payment card to be launched in August, Tim Cook says, as third-quarter earnings beat predictions Apple has announced it will launch its own credit card in August, as iPhone sales continue to fall and the company seeks to diversify its business model. The announcement by the CEO, Tim Cook, cameContinue reading “Apple Card: company reveals credit card launching next month”

Monzo down: Cards stop working as app-powered bank hit by technical problems

July 29, 2019 at 12:34PM Monzo has stopped working properly, leaving customers of the app-powered bank stuck at card machines and unable to pay. Monzo down: Cards stop working as app-powered bank hit by technical problems … Selected by softengoxford Search Web: Monzo down: Cards stop working as app-powered bank hit by technical problems

Time: Why People Are Getting Money From the Equifax Deal But Not the Facebook Settlement

July 25, 2019 at 11:07PM In the span of just a few days, the federal government announced settlements relating to two massive privacy breaches that occurred over the last few years, fining Facebook $5 billion for mishandling consumer data, and Equifax $575 million for actions related to a data breach that exposed the personal informationContinue reading “Time: Why People Are Getting Money From the Equifax Deal But Not the Facebook Settlement”

Revolut tweaks business accounts with new pricing structure

July 24, 2019 at 06:39PM Fintech startup Revolut announced changes to its business accounts this week. The good news is that if you were thinking about trying Revolut for your business needs, it’s now cheaper to get started. But there are some limits. While Revolut is better known for its regular consumer accounts that letContinue reading “Revolut tweaks business accounts with new pricing structure”

Visa funds $40M for no-password crypto vault Anchorage

July 10, 2019 at 01:00PM Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses bothContinue reading “Visa funds $40M for no-password crypto vault Anchorage”

A 23-year-old B2B company has shown how keen India is for tech IPOs

July 06, 2019 at 06:33AM Away from the limelight of the press and the frenzy of fundraising, a tech startup in India has achieved a feat that few of its peers have managed: going public. IndiaMART, the country’s largest online platform for selling products directly to businesses, raised nearly $70 million in a rare techContinue reading “A 23-year-old B2B company has shown how keen India is for tech IPOs”

Image recognition, mini apps, QR codes: how China uses tech to sort its waste

July 05, 2019 at 11:24AM China’s war on garbage is as digitally savvy as the country itself. Think QR codes attached to trash bags that allow a municipal government to trace exactly where its trash comes from. On July 1, the world’s most populated city Shanghai began a compulsory garbage sorting program. Under the newContinue reading “Image recognition, mini apps, QR codes: how China uses tech to sort its waste”