Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch
Manish Singh

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePe’s 60 million users, and SoftBank […]

Misery - FML
FMyLife

Today, I found out my boyfriend is cheating on me. The worst part is I’m currently stuck in his house and can’t even deal with a fight right now. Why? Because I just had surgery this morning. FML

RiskIQ adds National Grid Partners as securing data becomes a strategic priority for utilities
Jonathan Shieber

RiskIQ, a startup providing application security, risk assessment and vulnerability management services, has added National Grid Partners as a strategic investor.  The funding from the investment arm of National Grid, a multinational energy provider, is part of a $15 million new round of financing designed to take the company’s technology into critical industrial infrastructure — […]

Paperwork automation platform Anvil raises $5 million from Google’s Gradient Ventures
Lucas Matney

Remote work has changed the tools offices need for communicating asynchronously across meetings and chat, but not all collaboration takes place in neat little chat bubbles. Anvil is a San Francisco startup that’s aiming to transform how businesses collaborate around the humble PDF. Anvil’s automation platform levels up Google Forms and allows customers to digitize […]

A COVID-19 resilience test for B2B companies
Walter Thompson

While we are seeing lower valuations, we believe certain B2B technology companies may be uniquely poised to thrive, and are pursuing investment opportunities in this space with a renewed focus.

Just a prank, bruh! - FML
FMyLife

Today, while looking at engagement rings online, I started crying. Not because I'm getting married, but because the only proposal scenario my mind could concoct always ended with my boyfriend saying,"Psych!" FML

NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools
Ron Miller

When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup. The companies did not share […]

Join us to watch five startups pitch off at Pitchers and Pitches on June 10th
Marquise Foster

If you want to capture investor attention, you need a killer pitch. And that’s under normal circumstances. You’ve probably noticed that circumstances are anything but normal. With a global pandemic and the ensuing economic crisis, you’ll need to up your pitching game and get ready to bring the heat. We can help. Register today for […]

Challenger bank Varo, soon to become a real bank, raises $241M Series D
Sarah Perez

Mobile banking startup Varo Money has raised an additional $241 million in Series D funding, the company announced today. The investment was co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG. Also participating in the round were Bono (yes, that one), along with entrepreneur, impact investor and movie […]

Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging
Steve O'Hear

Monzo, the U.K. challenger bank, continues to be faced with tough decisions linked to the coronavirus crisis and resulting economic downturn. Following the shuttering of its Las Vegas-based customer support office and almost 300 staff being furloughed in U.K., the company has announced internally that up to 120 U.K. staff are being made redundant. Reuters […]

How to attract more than 10 million TikTok followers in 5 months
Walter Thompson

Gaining millions of followers on social media is really hard for people and brands. It’s time-consuming, it requires sacrifice and it sucks in the beginning.

Robotics startup lets machines get closer as humans keep their distance
Walter Thompson

Using micro-location robotics, this MIT spinout is tracking five miles of New York subway, showing the transportation authority where six of its trains are — down to the centimeter.

Black tech leaders issue call to action to combat racial injustice in the Bay Area
Taylor Hatmaker

As a tumultuous week of protests draws broad attention to America’s open wounds of racist police violence, a coalition of Black founders, advocates, investors and other leaders are issuing a call to action for those in the tech industry to stand against the systemic forces that continue to claim Black lives. The effort, called “Black […]

NYC’s push for citywide contactless transit payment is delayed by COVID-19
Brian Heater

Last May, New York City’s Metro Transit Authority opened out the first contactless payment systems at select subway station turnstiles. The systemwide rollout was set to be completed at all subway stops and buses this October. Like so many things in this life, however, COVID-19 put a damper on those plans. OMNY — One Metro […]

Check this out - FML
FMyLife

Today, I ran downstairs to meet the Amazon driver and threw on a shirt in a rush. Only after he left did I realise it was my shirt with artful rips in the design and I'd forgot to put on a vest under it. I'd flashed the driver my entire right boob with nipple piercing through one of the holes. FML

The fundraising marketplace has stabilized. Or has it?
Walter Thompson

While VC interest took a dive in March, the last two weeks have shown unseasonably high interest.

What the last 2 months of fundraising tells us about the future
Walter Thompson

There is just as much capital ready to deploy, and just as much investor interest, as there was earlier this year, but founders are still adjusting to new market conditions.

Astroscale expands into geostationary satellite life extension with new acquisition
Darrell Etherington

Orbital spacecraft sustainability startup Astroscale has acquired the IP, most assets and staff of a an Isreali company called Effective Space Solutions in order to broaden its service offering to include servicing geostationary (GEO) satellites, as well as low Earth orbit (LEO) debris removal. Astroscale, founded in Japan in 2013 with a mission of addressing […]

Endlesss, the iOS music making app from Tim Exile, takes to Kickstarter for desktop version
Steve O'Hear

In entrepreneurship, timing is everything. Launch too early and the market or underlying tech may not be ready to support your idea. Launch too late and the opportunity may have already been conceded to competitors. For Endlesss, the music-making app from Tim Exile, the timing feels just right. Launched on March 31st, just as the […]

SoftBank launches $100M+ Opportunity Growth Fund to invest in founders of color
Ingrid Lunden

As we continue to see protests across the U.S. (and elsewhere) sparked by the killing of George Floyd by police in Minnesota, SoftBank is announcing a new investment vehicle to back entrepreneurs of color, part of its contribution to trying to redress the imbalance of power as it has played out in the tech world. […]

Watchful is a mobile product intelligence startup that surfaces unreleased features
Romain Dillet

Meet Watchful, a Tel Aviv-based startup coming out of stealth that wants to help you learn more about what your competitors are doing when it comes to mobile app development. The company tries to identify features that are being tested before getting rolled out to everyone, giving you an advantage if you’re competing with those […]

Lili raises $10M for its freelancer banking app
Anthony Ha

Lili, a startup building banking products to meet the needs of freelance workers, is announcing that it has raised $10 million in seed funding. The startup takes its name from its founders, CEO Lilac Bar David and CTO Liran Zelkha, who previously founded Israeli challenger bank Pepper. Bar David told me that while many neobanks have […]

Stinky mom - FML
FMyLife

Today, my mom once again cried that I never come to visit her. I’ve tried, but her house is just unbearable. It’s always no less than 80°F inside, and she also refuses to clean up. She just burns multiple candles and air fresheners all day to mask the smell. She refuses any cleaning help I offer. FML

Tembici raises $47M Series B to expand its fleet of electric bikes
Anna Escher

Tembici, which says it owns 80% of the market share in Latin America’s micromobility space, now has $47 million more in capital to double down on its docked e-bike offering.  The Series B round was led by Valor Capital and Redpoint eventures. The International Finance Corporation (IFC), part of the World Bank Group, and Joá […]

Israel’s Team8 raises $104M to make bigger cybersecurity bets
Ingrid Lunden

Team8, the Israel-based firm founded by a team of intelligence vets and backed by the likes of Intel, Microsoft, Walmart and Cisco to develop and spin out cybersecurity startups, is announcing a step change in its business model that underscores the huge amount of activity we’re seeing these days in the sector. Alongside its studio model, […]

Idinvest shares some trends on European consumer tech
Romain Dillet

French VC firm Idinvest has compiled some data about the European tech ecosystem. The firm has decided to focus on consumer tech in general, and there are some interesting trends that I’m going to break out here. You can read the full report here. The team has analyzed and surveyed 1,500 companies over multiple months. […]

All out in the open - FML
FMyLife

Today, my 18-year-old boyfriend took some extremely strong painkillers that unfortunately gave him a giddy sense of euphoria. He then stripped naked in his parents' lounge room and yelled, "You've all seen it before!" His really religious parents didn't know this. FML

Facebook strikes global licensing deal with Indian music label Saregama
Manish Singh

Facebook said on Wednesday it has entered into a global deal with Saregama, one of India’s oldest music labels, to license its music for video and other social experiences across its eponymous service and Instagram. The partnership, which comes weeks after Swedish music giant Spotify also signed a deal with Saregama, will allow users to […]

Crazy people - FML
FMyLife

Today, while I was waiting for a bus, a nutjob-looking dude walked up to me, then hissed, "You hipster scum, you don't even need those glasses," before forcibly removing them and snapping them in half. I was wearing regular clothes, and those prescription glasses cost me $500. FML

Facebook and PayPal invest in Southeast Asian ride-hailing giant GoJek
Manish Singh

Facebook and PayPal have made investments in GoJek, joining Google and Tencent among other high-profile technology firms that have backed the five-year-old Southeast Asian ride-hailing firm that also offers food delivery and mobile payments. Facebook, for which it is the first investment in an Indonesia-based firm, and PayPal did not disclose the size of their […]

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