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Ingrid Lunden @ TechCrunch · 08/28/2020 07:15 EDT

Railsbank is buying Wirecard Card Solutions, the UK arm of the disgraced fintech

Looks like another chapter is opening up for Wirecard, the disgraced fintech out of Germany that collapsed into insolvency earlier this year after facing a huge accounting scandal and subsequently failing to make payments on $1.5 billion in loans coming due. Railsbank, the UK startup backed by Visa and others that offers a range of […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 08/28/2020 03:00 EDT

Undermyfork scores $400K seed for its diabetes tracking app and US launch

Undermyfork, a diabetes tracking app designed to help people with the disease improve “time-in-range” and better manage their condition, has raised $400,000 in seed funding. Investment comes from AltaIR Capital and Runa Capital . Undermyfork co-founder Mike Ushakov’s previous company, Metabar (the maker of the browser add-on Sovetnik), was also backed by Runa, before being […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 08/27/2020 21:00 EDT

Presenting TechCrunch Disrupt’s Asia sessions

As you know by now, Disrupt is going completely virtual for its 10th anniversary. TechCrunch’s Asia team (me, Rita Liao and Manish Singh) will miss seeing everyone in Moscone Center, but this will be the most accessible Disrupt ever, and we are excited to bring a full roster of Asia-focused sessions to its agenda for […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 08/27/2020 20:48 EDT

Elon Musk confirms Tesla was target of foiled ransomware attack

Elon Musk called an attempted cyberattack against Tesla “serious,” a comment that confirms the company was the target of a foiled ransomware attempt at its massive factory near Reno, Nevada. The Justice Department released a complaint Thursday that described a thwarted malware attack against an unnamed company in Sparks, Nevada. Tesla has a factory in […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 08/27/2020 18:10 EDT

Daily Crunch: TikTok’s CEO resigns

Turmoil continues at TikTok, Salesforce lays off 1,000 people and Warby Parker is now valued at $3 billion. This is your Daily Crunch for August 27, 2020. The big story: TikTok’s CEO resigns Kevin Mayer, the former Disney executive who joined TikTok as CEO just over 100 days ago, announced yesterday that he’s resigning. While […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 08/27/2020 18:03 EDT

LG is releasing a ‘wearable air purifier’

Frankly, the most surprising thing about the PuriCare is that more tech companies haven’t launched a similar product in recent months. LG is showing it off as part of the upcoming IFA press conference in Berlin — though the company is opting for a virtual presence at this year’s show. There’s a lot going on […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 08/27/2020 17:38 EDT

Electric moped startup Revel returns to New York with helmet selfie, other in-app safety features

Shared electric moped startup Revel has resumed operations in New York City a month after shutting down its service following several deaths. The startup’s blue mopeds that had become a familiar sight in New York City are back, but with a number of new protocols and features aimed at boosting safety and assuaging city officials. […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 08/27/2020 17:38 EDT

KitchenMate makes it easy to cook fresh meals at work

KitchenMate is a Toronto-based startup promising businesses a fresh approach to feeding their employees. The startup has raised $3.5 million in seed funding led by Eniac Ventures and Golden Ventures, with participation from FJ Labs and Techstars. It’s also expanding into the United States. Founder and CEO Yang Yu said KitchenMate was founded with the goal […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 08/27/2020 16:39 EDT

Box benefits from digital transformation as it raises its growth forecast

Box has always been a bit of an enigma for Wall Street and perhaps for enterprise software in general. Unlike vendors who shifted tools like HR, CRM or ERP to the cloud, Box has been building a way to manage content in the cloud. It’s been a little harder to understand than these other enterprise […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 08/27/2020 16:01 EDT

Facebook isn’t happy about Apple’s upcoming ad tracking restrictions

Apple’s upcoming operating system iOS 14 (currently in public beta) could have a big impact on publishers who work with Facebook’s — at least, according to Facebook. The company published a couple of blog posts yesterday outlining the potential impact of a major privacy change that Apple announced at WWDC — namely, the fact that […] Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 08/27/2020 15:54 EDT

The reMarkable 2 improves on the original in every way, but remains firmly in its niche

I’d been asking for something like the reMarkable for a long time before it showed up out of the blue a few years ago. The device was a real treat, but had a few problems and an eye-popping price tag. The reMarkable 2 builds on the first with a more beautiful, streamlined device and several […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 08/27/2020 15:44 EDT

A faster, easier, cheaper way of going public

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This is the fourth episode of the week, pushing our production calendar to the test. Happily we’ve managed to hold it together amidst the news deluge that the last few days have brought. It was […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 08/27/2020 15:19 EDT

To build scale, Juni Learning is building a full-stack edtech experience

 Juni Learning connects kids with math and science tutors, but co-founder Vivian Shen would prefer not to be lumped in with other edtech startups, despite the sector’s pandemic-born boom. “We’re not just in the middle to take a few percentage points off of each side and pretend like we’re delivering value,” said Shen. “That’s not […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 08/27/2020 15:13 EDT

Facebook sues developers who violated terms to collect user data, sell fake ‘likes’

Facebook announced today it’s suing multiple developers in the U.S. and, for the first time, in the U.K., for violations of its policies. In the U.K., both Facebook Inc. and Facebook Ireland are suing MobiBurn, parent company OakSmart Technologies, and its founder Faith Haltas, in the High Court of Justice for failing to comply with […] Read more

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TechCrunch
Walter Thompson @ TechCrunch · 08/27/2020 15:00 EDT

Will automation eliminate data science positions?

Michael Li Contributor Share on Twitter Tianhui Michael Li is founder of The Data Incubator, an eight-week fellowship to help PhDs and postdocs transition from academia into industry. Previously, he headed monetization data science at Foursquare and has worked at Google, Andreessen Horowitz, J.P. Morgan and D.E. Shaw. More posts by this contributor Five building […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 08/27/2020 14:55 EDT

Bollinger shows off an electric delivery van headed for production in 2022

Bollinger Motors, the Michigan-based startup known for its rugged electric SUV and pickup truck, unveiled Thursday a delivery van concept that it plans to start producing in 2022. The big takeaway here is versatility. The van concept called Deliver-E is configurable — notably the wheelbase and battery pack — to meet the needs of commercial […] Read more

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TechCrunch
Megan Rose Dickey @ TechCrunch · 08/27/2020 14:13 EDT

Instacart faces lawsuit from DC Attorney General over ‘deceptive’ service fees

Instacart is facing a lawsuit from Washington, D.C. Attorney General Karl A. Racine that alleges the company charged customers millions of dollars in “deceptive service fees” and failed to pay hundreds of thousands of dollars worth of sales tax. The suit seeks restitution for customers who paid those service fees, as well as back taxes […] Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 08/27/2020 14:12 EDT

Berbix raises $9M for its identity verification platform

Berbix, an ID verification startup that was founded by former members of the Airbnb Trust and Safety team, today announced that it has raised a $9 million Series A round led by Mayfield. Existing investors, including Initialized Capital, Y Combinator and Fika Ventures, also participated in this round. Founded in 2018, Berbix helps companies verify […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 08/27/2020 13:41 EDT

Fondeadora is a Mexican challenger bank that just raised $14 million

Meet Fondeadora, a fintech startup based in Mexico City that wants to build a full-stack neobank. The company just raised a $14 million Series A round led by Gradient Ventures, Google’s AI-focused venture fund. Founded in 2018, the company already manages 150,000 accounts and is adding $20 million in deposits every month. Mexico represents a […] Read more

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