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Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation
Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion. Read More
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N26 partners with Younited Credit to launch credit offering in France
German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is partnering with Younited Credit to launch consumer credit in France. It works pretty much like the existing credit feature in Germany. In the app, you… Read More
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Zyper thinks ‘micro influencers’ are the future of online advertising
Advocacy marketing — the idea of getting existing customers to talk about your company and its products — is nothing new, but as marketing spend has shifted online, a number of startups have tried to figure out ways of making it more scalable. One such company is Zyper, founded by Amber Atherton, who previously featured in British reality TV show “Made in Chelsea”. Read More
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Paris asks Airbnb to delist 1,000 apartments
The city of Paris’ officials told the AFP that they have asked Airbnb and competing platforms to comply with new regulation. The Mayor’s Office has flagged around 1,000 apartments that are not registered with the city. Since December 1st, you have to register your apartment with the city if you want to list it on an online renting platform. This way, city officials can more… Read More
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Menlo Security secures $40 million Series C to keep malware at bay
Menlo Security, a startup with a unique approach to protecting your company from malware and phishing attacks, announced a $40 million Series C round today. Menlo protects customers by never letting employees access an actual website or email containing malware. Instead, they isolate the original in a container, then display a clean mirror image in the browser, which has been stripped of any… Read More
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Why gear rental marketplace Lumoid shut down
Lumoid, a tech gear rental startup is no longer in business and its founder Aarthi Ramamurthy is moving on to Facebook. The startup launched as just a “crazy idea,” when it came out of Y Combinator four and half years ago, Ramamurthy wrote on a Facebook post this weekend announcing the shut down. Lumoid went on to raise nearly $6 million over the last four years. This spring,… Read More
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In spite of digital transformation, 2017 did not yield the desired financial results for GE
GE is a great example of a traditional company that has recognized the need to transform into a digital organization, but by all measures 2017 has been a tough year for the industrial giant financially. The company stock price has tumbled, and last week it announced that it was laying off 12,000 employees in its power business worldwide. While you can’t attribute all of the… Read More
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How tax changes may impact US startups
In an effort to envision how the pending tax bill might affect U.S. startups and their investors, Crunchbase News reached out to tech industry taxation experts. We touched the M&A climate, tax treatment of interest expenses and whether rising costs of living in high-tax states will prompt an exodus to cheaper locales. Here, then, are some thoughts on the potential impacts. Read More
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Uber settles lawsuit with woman who accused executives of obtaining medical records after she was raped
Uber has settled its lawsuit with a woman (Jane Doe) who accused its now-former CEO Travis Kalanick, president of business in Asia Eric Alexander and SVP of business Emil Michael of improperly obtaining her medical records after she was raped by an Uber driver in Delhi, India.
“A settlement has been reached and the Parties anticipate the case will be dismissed on or around January… Read More
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Here’s everything new Niantic just added to Pokémon GO
Niantic is rounding out the year with one of Pokémon GO’s biggest updates to date. We knew earlier this week that the update was right around the corner, but we didn’t know exactly when. The answer: now. From new Pokémon to crazy new weather systems and minor text fixes to battle system changes, there’s a good amount happening here. Here’s everything we’ve seen… Read More
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