Rapyd Raises $300M On A $2.5B Valuation To Boost Its Fintech-As-A-Service Api

in #news2 months ago

Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API: Ingrid Lunden


A wave of organizations — propelled by global Covid-19 pandemic circumstances — are moving their commercial and financial interactions online, and today one of the big players helping to enable that shift is announcing a significant round of growth funding to…

YouTube puts a temporary freeze on uploads to Trump's channel: Natasha Lomas


YouTube has been the slowest of the big social media platforms to react to the threat of letting president Trump continue to use its platform as a megaphone to whip up insurrection in the wake of the attack on the US capital last week. But it’s now applied a …

TikTok update will change privacy settings and defaults for users under 18: Sarah Perez


TikTok announced today it’s making changes to its app to make the experience safer for younger users. The company will now set the accounts for users ages 13 to 15 to private by default, as well as tighten other controls for all users under 18, in terms of ho…

Amazon launches mobile-only Prime Video subscription in India: Manish Singh


Amazon is doubling down on one of the biggest strengths of Prime Video streaming service: Aggressive pricing. The e-commerce giant on Wednesday announced Prime Video Mobile Edition, an even more affordable tier of the on-demand video streaming service — now a…

Winnoz's vacuum-assisted Haiim makes finger prick blood draws more efficient: Catherine Shu


Winnoz’s Haiim is designed to make collecting blood from fingertips easier, increasing the volume drawn so it can be used for more types of tests. The New Taipei City, Taiwan-based company’s vacuum-assisted device can collect up to 150 to 500 microliters of b…

Business trip platform TravelPerk buys YC-backed rival NexTravel: Natasha Lomas


Barcelona-based TravelPerk has scooped up US-based rival NexTravel as the pandemic drives consolidation in one of the sector’s hardest hit by COVID-19. It’s not disclosing how much it’s shelling out for NexTravel, which has some 700 customers globally and has…

App stores saw record 218 billion downloads in 2020, consumer spend of $143 billion: Sarah Perez


Mobile adoption continued to grow in 2020, in part due to the market forces of the COVID-19 pandemic. According to App Annie’s annual “State of Mobile” industry report, mobile app downloads grew by 7% year-over-year to a record 218 billion in 2020. Meanwhile,…

Amazon makes education push in India with JEE preparation app: Manish Singh


Amazon on Wednesday launched Amazon Academy, a service that will aim to help students in India prepare for entry into the nation’s prestigious engineering college. The e-commerce giant is the latest entrant to this market where scores of startups and institut…

Chinese facial recognition unicorn Megvii prepares China IPO: Rita Liao


Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities …

Molotov starts its international expansion with seven African countries: Romain Dillet


French startup Molotov provides an OTT TV streaming service in France with live TV, premium channels, a cloud DVR and on-demand content. While the service has managed to attract 13 million users in France, it has yet to expand to other countries. Molotov is s…


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