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  • Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app

    Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app not just to hire e-scooters, but to purchase items from local participating […]

    February 25th, 2020 08:14 AM

    TripActions secures $500M credit facility for its new corporate travel product

    TripActions, a Palo Alto-based, corporate travel-focused unicorn, has secured a new, half-billion-dollar credit facility to help support the launch of its second product line. Called TripActions Liquid, the service helps companies that do not offer corporate cards to workers a way to avoid forcing those employees to use their personal cards to float costs for […]

    February 25th, 2020 06:00 AM

    Firefox to enable DNS-over-HTTPS by default to US users

    Mozilla will bring its new DNS-over-HTTPS security feature to all Firefox users in the U.S. by default in the coming weeks, the browser maker has confirmed. It follows a year-long effort to test the new security feature, which aims to make browsing the web more secure and private. Whenever you visit a website — even […]

    February 25th, 2020 06:00 AM

    Grab raises up to $856M to boost payments business as rumors swirl of a merger with rival Gojek

    Southeast Asian on-demand transport startup Gojek denies that it is involved in talks to merge with Grab but today Grab announced a piece of news that — at the very least — will divert attention from that story, or more likely stoke the fires of speculation that it is indeed gearing up for a deal: […]

    February 25th, 2020 03:05 AM

    Speedinvest raises new €190M fund to continue backing early-stage European tech startups

    Speedinvest, the European seed-stage VC that was started from Vienna but has since added offices in London, Berlin, Munich and San Francisco, has raised a new €190 million fund. It brings the firm’s total assets under management to more than €400 million. Describing its third fund as “oversubscribed” and ahead of schedule, SpeedInvest’s remit remains […]

    February 25th, 2020 03:00 AM

    Graphcore, the AI chipmaker, raises another $150M at a $1.95B valuation

    The U.K. has a strong history when it comes to processors, but the global chip market has seen some ups and downs of late. Today comes some big news that underscores how investors are doubling down on one of the big hopefuls for the next generation of chipmaking to see it through any possible winter […]

    February 25th, 2020 01:58 AM

    Revolut raises $500 million at a $5.5 billion valuation

    Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t sharing names. Previous investors include […]

    February 24th, 2020 07:00 PM

    VC firm Oxx says SaaS startups should avoid high-risk growth models

    Oxx, a European venture capital firm co-founded by Richard Anton and Mikael Johnsson, this month announced the closing of its debut fund of $133 million to back “Europe’s most promising SaaS companies” at Series A and beyond. Launched in 2017 and headquartered in London and Stockholm, Oxx pitches itself as one of only a few […]

    February 24th, 2020 06:47 PM
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