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Industrial automation startup Bright Machines hauls in $435M by going public via SPAC – TechCrunch

Vivid Machines goes public by the use of a SPAC-led mixture, it introduced this morning. The transaction will see the 3-year-old corporate merge with SCVX, elevating gross money proceeds of $435 million within the procedure. After the transaction is consummated,… Continue Reading

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New Relic’s business remodel will leave new CEO with work to do – TechCrunch

For Invoice Staples, the freshly appointed CEO at New Relic, who takes over on July 1, the day past used to be a just right day. After greater than two decades within the trade, he used to be given his… Continue Reading

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Credit Karma reinvents cash-back rewards with instant payback – TechCrunch

Credit score Karma Cash, a brand new checking and financial savings account from the corporate absolute best recognized for its credit score tracking provider, just lately introduced an important new characteristic. Known as Quick Karma, this system rewards customers via… Continue Reading

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Chime has agreed to stop using the word ‘bank’ after a California regulator pushed back – TechCrunch

Chime would possibly name itself the “fastest-growing fintech within the U.S.,” nevertheless it has agreed to prevent regarding itself as a “financial institution,” consistent with a brand new file out of American Banker. Plainly, the eight-year-old, San Francisco-based outfit was… Continue Reading

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How UK-based Lendable is powering fintechs across emerging markets – TechCrunch

What strikes the needle for virtual lenders is serving loans to their respective shoppers. However the place does this cash come from? The pool is generally fairness or debt. Whilst some lenders use the previous, it may be noticed as… Continue Reading

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Amid the IPO gold rush, how should we value fintech startups? – TechCrunch

Allen Miller is a foremost at Oak HC/FT based totally in San Francisco. He invests in early- and growth-stage firms, with a selected focal point on fintech. Extra posts through this contributor The decade in actual property, and a peek… Continue Reading

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The era of the European insurtech IPO will soon be upon us – TechCrunch

Phil Edmondson-Jones Contributor Phil Edmondson-Jones is a foremost at Oxx, the specialist SaaS VC backing Europe and Israel’s maximum promising B2B SaaS companies on the scale-up level. As soon as the uncool sibling of a flourishing fintech sector, insurtech is… Continue Reading

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Google Pay update adds grocery offers, transit expansions and spending insights – TechCrunch

Following November’s overhaul of Google Pay, which noticed the carrier increasing into private finance, the corporate as of late is rolling out a brand new set of options aimed toward making Google Pay extra part of its customers’ on a… Continue Reading

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Vivid Money raises $73 million to build a European financial super app – TechCrunch

German startup Brilliant Cash has raised a brand new $73 million Collection B investment spherical (€60 million) led by way of Greenoaks with present investor Ribbit Capital additionally taking part. Following as of late’s investment spherical, Brilliant Cash has reached… Continue Reading

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China’s e-commerce giant JD.com starts paying some staff in digital yuan – TechCrunch

China’s plan to introduce its virtual foreign money is getting numerous lend a hand from its tech conglomerates. JD.com, a big Chinese language on-line store that competes with Alibaba, stated Monday that it has began paying some team of workers… Continue Reading