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Challenger bank N26 has reached 5 million customers. In 2019 alone, N26 managed to add more than 2.5 million customers. And the company’s growth rate seems to be accelerating, as N26 reached 3.5 million customers in June 2019. That represents an addition of 1 million customers during the first half of 2019 and an addition …
January 27, 2020 | by RaheelBizongo, one of the largest business-to-business online marketplaces for packaging needs in India, has raised $30 million in fresh funding round as it looks to widen its footprint in the nation and serve more categories. The new financing round, Series C, was led by Switzerland-based hedge fund Schroder Adveq, which manages assets worth $10 billion. …
January 27, 2020 | by RaheelSending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set …
January 27, 2020 | by RaheelAre January layoffs just a few post-WeWork jitters? TechCrunch has found itself writing about layoffs at a few notable tech companies this week — and not just SoftBank-backed ones. The focus is very much profits, as Alex Wilhelm summed up on Thursday, especially after the failed WeWork IPO and subsequent valuation and headcount decimation. We’ll …
January 25, 2020 | by RaheelThe startup community has lost another moral leader today. Leila Janah, a serial entrepreneur who was the CEO and founder of machine learning training data company Samasource, passed away at the age of 37 due to complications from Epithelioid Sarcoma, a form of cancer, according to a statement from the company. She focused her career on …
January 25, 2020 | by RaheelIf a thousand companies make their own smart light bulb, do a thousand companies also have to design a light switch app to control them? Kraftful, a company out of Y Combinator’s Summer 2019 class, doesn’t think so. Kraftful builds the myriad components that an IoT/smart home company might need, puzzle piecing them together into …
January 24, 2020 | by RaheelSchwark Satyavolu Contributor Share on Twitter Schwark Satyavolu is a general partner at Trinity Ventures where he makes early-stage investments in fintech, security and AI. A serial entrepreneur, he co-founded Yodlee (YDLE) and Truaxis, both of which were acquired. Previously, he held senior executive positions at LifeLock and Mastercard. He is an inventor on 15 …
January 24, 2020 | by RaheelLos Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi, the commercial real estate marketplace, was able to establish …
January 24, 2020 | by RaheelHello and welcome back to our regular morning look at private companies, public markets and the gray space in between. SaaS stocks had a good run in late 2019. TechCrunch covered their ascent, a recovery from early-year doldrums and a summer slowdown. In 2020 so far, SaaS and cloud stocks have surged to all-time highs. …
January 24, 2020 | by RaheelFounder Andreas Kröpfl has spent almost a decade hard-grafting in the B2B unified communications space, building a videoconferencing business with a patented single-stream system and a claim of no “drop-offs” thanks to “unique low-bandwidth technology.” His Austria-based startup’s current web-based videoconferencing system, eyeson (née Visocon), which launched in 2018, has had some nice traction since …
January 24, 2020 | by Raheel