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Identiq, a privacy-friendly fraud prevention startup, secures $47M at Series A

Israeli fraud prevention startup Identiq has raised $47 million at Series A as the company eyes international growth, driven in large part by the spike in online spending during the pandemic. The roun

Twitter’s decentralized future

This week, Twitter CEO Jack Dorsey finally responded publicly to the company’s decision to ban President Trump from its platform, writing that Twitter had “faced an extraordinary and untenable

Venmo adds a check-cashing feature, waives fees for stimulus checks

Venmo this morning announced it will begin to offer a new check-cashing service, “Cash a Check,” in the Venmo mobile app. The feature, which is being rolled out to select users starting to

With investors expecting a Latin American cryptocurrency boom, Mexico’s Bitso raises $62 million

Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso, the company revealed it has closed on $62 million in financing to capitalize on the crypto

Govtech intelligence platform, The Atlas for Cities, bought by Government Executive Media Group

The Atlas for Cities, the 500 Startups-backed market intelligence platform connecting tech companies with state and local governments, has been acquired by the Growth Catalyst Partners-backed publishi

Teen banking service Step raises $50M, adds TikTok star Charli D’Amelio to investor list

Step, a mobile banking service aimed at teens, announced this morning it has raised $50 million in Series B funding after growing to over 500,000 users only two months after its official launch. The r

Looking to emulate Venmo, JoomPay preps a Euro launch for easy bill splitting and cash payments

JoomPay, a startup with a similar product to PayPal-owned Venmo in the U.S., is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app all

PayPal launches a new crowdsourced fundraising platform, the Generosity Network

PayPal is expanding its fundraising efforts with today’s launch of the Generosity Network. Unlike the PayPal Giving Fund, which helps people support charities through online donations, the new G

Europe urges e-commerce platforms to share data in fight against coronavirus scams

European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams. After the p

Booming edtech M&A activity brings consolidation to a fragmented sector

As the COVID-19 pandemic continues to force teachers, students and parents to adopt new technologies, edtech’s total addressable market has massively grown in the last several months. The shift has

Ethel’s Club founder is launching Somewhere Good, a social platform that centers people of color

Naj Austin, founder and CEO of subscription-based physical and digital community Ethel’s Club, is building Somewhere Good to be a one-stop shop for people of color. Beyond being a place for peop

Decrypted: Uber’s former security chief charged, FBI’s ‘vishing’ warning

A lot happened in cybersecurity over the past week. The University of Utah paid almost half a million dollars to stop hackers from leaking sensitive student data after a ransomware attack. Two major A

Fintech regulations in Latin America could fuel growth or freeze out startups

Regulatory consistency, legislation that tunes in with sector capabilities and forward-thinking agile startups will give continued growth and innovation the biggest chance of success.

Hypnosis for health? Investors have placed a $1.1 million bet on Mindset Health that it can work

Chris and Alex Naoumidis came to hypnotherapy through dresses. As The New York Times reported last year, the two brothers initially started their careers as startup entrepreneurs with a peer-to-peer d

GM exits car-sharing business and shuts down Maven

GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19

Uber adds retail and personal package delivery services as COVID-19 reshapes its business

Uber is introducing two new types of services, the company announced this week, including Uber Direct and Uber Connect. Direct is a delivery platform for retail items, while Connect is a peer-to-peer

The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation report

ToursByLocals snaps up its first funding, C$33M, to link sightseers with guides globally

The tours and experiences market is projected to be worth $183 billion this year, and today a startup that has made inroads into the space through bootstrapping is announcing its first outside investm

Layoffs at Lime and Getaround herald rise of profit-hungry unicorns

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A million dollars isn’t cool. You know what’s cool? Positive adjusted

Who will the winners be in the future of fintech?

In a world where people access their financial services through one universal hub, which companies are the best-positioned to win?
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