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  • For investors, late-stage fintech startups are a lucrative bet

    Between two rounds at $500 million and two exits in the billions of dollars, financial technology and financial services startups, and the capital backing them, have been on fire.

    February 25th, 2020 10:29 AM

    Amazon opens its first cashierless grocery store

    Amazon today is opening its first grocery store to pilot the use of the retailer’s cashierless “Just Walk Out” technology that has previously powered 25 Amazon Go convenience stores in a handful of major U.S. metros. Based in Amazon’s hometown of Seattle, the new Amazon Go Grocery store allows customers to shop for everyday grocery […]

    February 25th, 2020 10:20 AM

    Blockchain security startup CoolBitX raises $16.75M Series B

    CoolBitX, a blockchain security startup based in Taiwan, announced today it has raised a $16.75 million Series B led by returning investor SBI Holdings, a Japanese financial group. Korean cryptocurrency exchange Bitsonic, Monex Group, another Japanese financial group and Taiwan’s National Development Fund also participated. Founded in 2014, CoolBitX makes two products. One is CoolWallet […]

    February 25th, 2020 09:42 AM

    CircleCI-AWS GovCloud partnership aims to bring modern development to US government

    Much like private businesses, the United States government is in the process of moving workloads to the cloud, and facing a similar set of challenges. Today, CircleCI, the continuous delivery developer service, announced a partnership with AWS GovCloud to help federal government entities using AWS’s government platform to modernize their applications development workflows. “What this […]

    February 25th, 2020 09:36 AM

    Insurance platform Collective Benefits raises £3.3M to give gig economy workers a safety net

    The famous phrase “software eats the world” was originally coined to describe how technology gradually replaces the old industrial norms of production. But few realized that when Uber started to “eat” the taxi industry it would also be among the first harbingers of a new wave of what it meant to be “employed.” As similar […]

    February 25th, 2020 09:29 AM

    Instead of IPOs and acquisitions, exiting to community is one alternative

    The tech industry is built on the venture capital model where hockey stick growth and selling to a larger company or going public are markers of success. But the traditional VC model does not leave much room for startups that might not be the next unicorn but still generate revenue — just not the type […]

    February 25th, 2020 09:17 AM

    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 to purchase items from local participating businesses alongside renting scooters. The service […]

    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
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