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Steve O'Hear @ TechCrunch · 02/05/2021 04:00 EDT

Twinco Capital scores €3M for its supply chain finance solution

Twinco Capital, a Madrid and Amsterdam-based startup making it easier to access supply chain finance, has raised €3 million in funding. Leading the round is Spanish VC fund Mundi Ventures, with participation from previous backer Finch Capital and several unnamed angels. Twinco Capital also has a debt facility with the Spanish investment bank EBN Banco […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 02/05/2021 01:13 EDT

PayPal is shutting down domestic payments business in India

PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second largest internet market. “From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India. […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 02/04/2021 21:04 EDT

Kuaishou, TikTok’s Chinese nemesis, surges 194% on IPO debut

Kuaishou, a Chinese video app that’s largely underappreciated outside China, has just completed a massive initial public offering in Hong Kong. The app is by far the biggest rival for Douyin, TikTok’s Chinese version, and unlike many Western video platforms that make money from ads and subscriptions, Kuaishou’s cash cow is its tipping business. Kuaishou’s […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 02/04/2021 19:42 EDT

House punishes Republican lawmaker who promoted violent conspiracy theories

Democrats in the House voted to strip freshman Georgia Representative Marjorie Taylor Greene of some of her responsibilities Thursday, citing her penchant for violent, extreme and at times anti-Semitic conspiracy theories. Greene has expressed support for a range of alarming conspiracies, including the belief that the 2018 Parkland school shooting that killed 17 people was […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 02/04/2021 19:00 EDT

Peloton will pump $100M into delivery logistics to ease supply concerns

This probably falls under “good problems,” in the grand scheme of things. After another record quarter, Peloton has announced that it will invest more than $100 million in air and ocean freight deliveries due to “longer-than-acceptable wait times for the delivery of our products.” The fitness company is among those tech firms that have seen […] Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 02/04/2021 18:56 EDT

Firefly will light up the Moon with $93M lunar lander contract from NASA

NASA has awarded Firefly Aerospace with a $93.3 million contract to take a lunar lander module loaded with experiments to the surface of the Moon. While the company will not be performing the launch itself, it will be providing the spacecraft and “Blue Ghost” lander for the 2023 mission. The space agency made the award […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 02/04/2021 18:23 EDT

TechCrunch’s favorite companies from 500 Startups’ latest demo day

TechCrunch tuned into 500 Startups' 27th demo day today, keen to get our eyes on the accelerator's latest companies. Read more

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TechCrunch
Anthony Ha @ TechCrunch · 02/04/2021 18:17 EDT

Daily Crunch: Microsoft rethinks corporate intranet

Microsoft tries to improve corporate intranet, Google will offer new smartphone health measurements and 23andMe is going public via SPAC. This is your Daily Crunch for February 4, 2021. The big story: Microsoft rethinks corporate intranet Microsoft launched what it’s calling a new “employee experience platform,” designed to reinvent those corporate intranet sites that large […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 02/04/2021 18:14 EDT

A lake house architect, a Miami VC, and homeowner walk into a wine bar

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. The good news is that we managed to fit it all into a single episode this week. The bad news is that that means the show is […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 02/04/2021 17:46 EDT

Biden Commerce nominee Raimondo sees no reason to remove Huawei from entity list

Huawei’s status in the U.S. has been one of many question marks hovering over the newly minted Biden administration. The smartphone maker was one of a number of Chinese companies added to the Department of Commerce’s “entity list” during Trump’s four years in office. Gina Raimondo, Joe Biden’s nominee for Commerce secretary, has offered what […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 02/04/2021 17:16 EDT

New antitrust reform bill charts one possible path for regulating big tech

As Democrats settle into control of both chambers of Congress, signs of the party’s legislative priorities are starting to manifest. So far, lawmakers’ interest in reimagining tech’s regulatory landscape appears to be alive and well. Sen. Amy Klobuchar (D-MN) is out with a new proposal for antitrust reform that would create more barriers for big […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 02/04/2021 17:00 EDT

Infinitus emerges from stealth with $21.4M for “voice RPA” aimed at healthcare companies

Robotic process automation (RPA) has found a strong foothold in the world of enterprise IT through its effective use of AI and other technology to help automate repetitive tasks, to free up people to focus on more complicated work. Today, a startup called Infinitus is coming out of stealth to apply this concept to the […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 02/04/2021 16:19 EDT

Carta’s startup liquidity service CartaX conducts first transactions on its own cap table

As startups have stayed private longer and liquidity has become harder to secure for early employees and investors, more and more shareholders have looked for ways to unload their shares to others. All the way back in 2011, companies like SecondMarket were seeing nine-figures worth of shares being traded on their secondary share platforms. That […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 02/04/2021 16:05 EDT

Twitter expands Google Cloud partnership to ‘learn more from data, move faster’

Twitter is upping its data analytics game in the form of an expanded, multiyear partnership with Google Cloud. The social media giant first began working with Google in 2018 to move Hadoop clusters to the Google Cloud platform as a part of its Partly Cloudy strategy. With the expanded agreement, Twitter will move its offline […] Read more

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TechCrunch
Sophie Burkholder @ TechCrunch · 02/04/2021 15:15 EDT

Health tech startup Bold raises $7 million in seed funding for senior-focused fitness programs

Virtual health and wellness platforms have grown increasingly popular throughout the pandemic, but a new startup wants to focus that effort exclusively on senior citizens. Bold, a digital health and wellness service, plans to prevent chronic health problems in older adults through free and personalized exercise programs. Co-founded by Amanda Rees and her partner Hari […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 02/04/2021 13:58 EDT

Why one Databricks investor thinks the company may be undervalued

The recent Databricks funding round, a $1 billion investment at a $28 billion valuation, was one of the year’s most notable private investments so far. For Databricks signaled its IPO readiness by disclosing to TechCrunch last year that it had scaled its revenue run rate from $200 million to $350 million in a year, so […] Read more

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TechCrunch
Jessica Brunner @ TechCrunch · 02/04/2021 13:48 EDT

4 strategies for deep tech founders who are fundraising

Fundraising is challenging, especially for deep tech founders who need to get investors excited about a complex technology, a complex sales cycle and a complex risk profile. Read more

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TechCrunch
Romain Dillet @ TechCrunch · 02/04/2021 12:51 EDT

Moka.care is a European mental healthcare solution for employees

Meet moka.care, a French startup that has built several services that should help you improve your psychological well-being. The company sells its solution to employers directly. They can then offer access to moka.care to their employees. The startup raised a $3 million (€2.5 million) funding round from Singular, the VC firm founded by former Alven […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 02/04/2021 12:26 EDT

Venmo to gain crypto, budgeting, savings and Honey integrations this year

The Venmo mobile payments app is going to look very different in 2021 as it inches closer to neobank territory with expansions into budgeting, saving and cryptocurrency, said Venmo parent company PayPal, during its fourth-quarter earnings on Wednesday. The company also plans to put its $4 billion Honey acquisition to work by integrating its suite […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 02/04/2021 12:25 EDT

Barclays adds itemised digital receipts to its banking app in partnership with fintech Flux

Flux, the London fintech that has built a technology platform for banks and merchants to power itemised digital receipts and more, has seen its lengthy pilot with Barclays bear fruit. Announced formally today — but actually quietly rolled out a few months ago — Flux-powered digital receipts are now available as an opt-in for all […] Read more

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