Posts

Fintech investors appear to be favoring later-stage deals as sector takes a hit, recent data shows

Image
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. Let’s goooo! — Mary Ann I was mostly off this past week, so this edition of The Interchange may be slightly less dense than normal. Some observations, though. We saw fewer layoffs, but also less fintech-related news in general. Things were generally pretty quiet and not filled with as much controversy as weeks past. Honestly, we’re really eager for this quarter to end so we can drill down into the numbers to see j
Post a Comment
Read more

Red Sox CTO: Baseball teams need modern tech stack as much as any other biz

You know a modern Major League Baseball team like the Boston Red Sox is built on a steady diet of data and analytics — this is true on the field just as much as in the front office. While the main focus of a professional baseball club is building a competitive team that takes advantage of the unique talents of each player, when you get down to it, the Red Sox are no different from most businesses when it comes to their tech stack. They make choices about sales and marketing tools, data storage, analyst dashboards — everything any company needs to run a business these days. The Red Sox, like many companies, are part of a larger corporate entity — in this case, the Fenway Sports Group — so they need to understand when and how to share tech with other members of the corporate family when it makes sense. There’s another wrinkle that most businesses don’t have to take into consideration: The Red Sox are also a part of Major League Baseball, which has its own technology priorities that i
Post a Comment
Read more

What do you call the opposite of the startup halo effect?

Image
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Just as one company’s success shouldn’t cast a halo on its vertical’s brethren, one company’s layoffs don’t quite mean that its competitors are equally screwed. Instead, I think that changes within a particular startup can be used as benchmark questions for their larger market; in other words, we can use the micro to better understand the macro. With that in mind, I want to talk about MasterClass’ decision to lay off 20% of its staff, around 120 people, across all teams. The workforce reduction, per CEO David Rogier on Twitter, was made “to adapt to the worsening macro environment and get to self-sustainability faster.” Put differently, the company — which sells subscriptions to celebrity-taught classes — is in search of operating discipline and needs to cut staff in order to get there The layoffs place a spotlight on the premise behind MasterClass
Post a Comment
Read more

What’s the ‘secret sauce’ behind Croatian EV maker Rimac?

Rimac Group made headlines in June after it raised €500 million ($537 million) in a Series D round led by Goldman Sachs and SoftBank Vision Fund 2. The deal valued the Croatian startup at $2.2 billion, prompting the question: How has this company succeeded where so many other EV makers have struggled? Rimac, which merged its hypercar division with French supercar maker Bugatti in November, has taken a two-pronged approach the industry has not seen before: It’s continuing to make hypercars as Bugatti Rimac while using the knowledge gleaned from that process to develop technology to supply other automakers through its Rimac Technology subsidiary. Its client list includes Porsche, a four-time investor that now holds a 20% stake in the company. Founded in 2009 in the garage of Mate Rimac, then a 21-year-old student, the company has become a Croatian sensation, one of two unicorns in the country, alongside Infobip, an IT and telecommunications business. “I view their secret sauce as t
Post a Comment
Read more

Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Image
Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown. The Payments Council of India, a unit of influential industry body IAMAI, said in a letter to the Reserve Bank of India that by treating prepaid payment instruments — prepaid purchasing cards and wallets –- as bank accounts, regulated lenders will be able to disburse credit to customers who have performed their comprehensive know-your-customer verifications. The Reserve Bank of India informed dozens of fintech startups earlier this week that it is barring the practice of loading non-bank prepaid payment instruments (PPIs) using credit lines, in a move that has prompted panic among — and existential threat to — many fintech startups, TechCrunch reported earlier . Several startups including Slice, Jupite
Post a Comment
Read more

Crypto community or crumbling cult? And other TC news

This week on the TechCrunch Podcast I talk with Jacquelyn Melinek about the power and pitfalls of crypto communities and Devin Coldewey about why Pornhub’s COO and CEO have unceremoniously stepped down. And as always, you’ll get a rundown of the week’s top news on TechCrunch. Articles from the episode: Crypto’s emphasis on community could lead followers off a cliff CEO and COO of Pornhub parent company MindGeek abruptly resign Other news from the week: Twitter to expand into long-form content with upcoming Twitter Notes feature  FDA orders Juul to stop selling its vaping products in the US Meta to roll out new monetization tools on Instagram and Facebook, including a creator marketplace source https://techcrunch.com/2022/06/25/crypto-community-or-crumbling-cult-and-other-tc-news/
Post a Comment
Read more

25 French unicorns, 25 French unicorns, do I hear 100?

Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here . My home country’s president, Emmanuel Macron, wants to have 100 French unicorns by 2030. Economy minister Bruno Le Maire, 10 homegrown decacorns. But shouldn’t we all dream of centaurs instead? Let’s explore.  — Anna Moderation brewing There must be 100 French unicorns by 2030, Macron said at the VivaTech conference in Paris earlier this month. “It is achievable,” he later argued on Twitter . “And because startups have a role to play in the ecological transition, let’s set another goal: 25 green unicorns by 2030!” It isn’t new for Macron to set unicorn-related goals for the country. He famously already did so in 2019 , when he wished for the country to count “25 unicorns by 2025.” And despite some debate around France’s exact unicorn tally, the consensus is that Macron’s goal has a
Post a Comment
Read more

Popular posts from this blog

https://www.ocubedigital.com/
http://aeva-alpha.blogspot.com/ http://aeva-bravo.blogspot.com/ http://aeva-charlie.blogspot.com/ http://aeva-delta.blogspot.com/ http://aeva-echo.blogspot.com/ http://aeva-foxtrot.blogspot.com/ http://aeva-golf.blogspot.com/ http://aeva-hotel.blogspot.com/ http://aeva-india.blogspot.com/ http://aeva-juliet.blogspot.com/ http://arinto-ace.blogspot.com/ http://arinto-bravo.blogspot.com/ http://arinto-charlie.blogspot.com/ http://arinto-delta.blogspot.com/ http://arinto-echo.blogspot.com/ http://arinto-foxtrot.blogspot.com/ http://arinto-golf.blogspot.com/ http://arinto-hotel.blogspot.com/ http://arinto-india.blogspot.com/ http://arinto-juliet.blogspot.com/ http://carink-alpha.blogspot.com/ http://carink-bravo.blogspot.com/ http://carink-charlie.blogspot.com/ http://carink-delta.blogspot.com/ http://carink-echo.blogspot.com/ http://carink-foxtrot.blogspot.com/ http://carink-golf.blogspot.com/ http://carink-hotel.blogspot.com/ http://carink-india.blogspot.com/ http://carink-juliet.blogspot.com/ http://darios-alpha.blogspot.com/ http://darios-bravo.blogspot.com/ http://darios-charlie.blogspot.com/ http://darios-delta.blogspot.com/ http://darios-echo.blogspot.com/ http://darios-foxtrot.blogspot.com/ http://darios-golf.blogspot.com/ http://darios-hotel.blogspot.com/ http://darios-india.blogspot.com/ http://darios-juliet.blogspot.com/ http://davox-alpha.blogspot.com/ http://davox-bravo.blogspot.com/ http://davox-charlie.blogspot.com/ http://davox-delta.blogspot.com/ http://davox-echo.blogspot.com/ http://davox-foxtrot.blogspot.com/ http://davox-golf.blogspot.com/ http://davox-hotel.blogspot.com/ http://davox-india.blogspot.com/ http://davox-juliet.blogspot.com/ http://krona-alpha.blogspot.com/ http://krona-bravo.blogspot.com/ http://krona-charlie.blogspot.com/ http://krona-delta.blogspot.com/ http://krona-echo.blogspot.com/ http://krona-foxtrot.blogspot.com/ http://krona-golf.blogspot.com/ http://krona-hotel.blogspot.com/ http://krona-india.blogspot.com/ http://krona-juliet.blogspot.com/ http://meksa-alpha.blogspot.com/ http://meksa-bravo.blogspot.com/ http://meksa-charlie.blogspot.com/ http://meksa-delta.blogspot.com/ http://meksa-echo.blogspot.com/ http://meksa-foxtrot.blogspot.com/ http://meksa-golf.blogspot.com/ http://meksa-hotel.blogspot.com/ http://meksa-india.blogspot.com/ http://meksa-juliet.blogspot.com/ http://ocenta-alpha.blogspot.com/ http://ocenta-bravo.blogspot.com/ http://ocenta-charlie.blogspot.com/ http://ocenta-delta.blogspot.com/ http://ocenta-echo.blogspot.com/ http://ocenta-foxtrot.blogspot.com/ http://ocenta-golf.blogspot.com/ http://ocenta-hotel.blogspot.com/ http://ocenta-india.blogspot.com/ http://ocenta-juliet.blogspot.com/ http://panto-alpha.blogspot.com/ http://panto-bravo.blogspot.com/ http://panto-charlie.blogspot.com/ http://panto-delta.blogspot.com/ http://panto-echo.blogspot.com/ http://panto-foxtrot.blogspot.com/ http://panto-golf.blogspot.com/ http://panto-hotel.blogspot.com/ http://panto-india.blogspot.com/ http://panto-juliet.blogspot.com/ http://skavi-alpha.blogspot.com/ http://skavi-bravo.blogspot.com/ http://skavi-charlie.blogspot.com/ http://skavi-delta.blogspot.com/ http://skavi-echo.blogspot.com/ http://skavi-foxtrot.blogspot.com/ http://skavi-golf.blogspot.com/ http://skavi-hotel.blogspot.com/ http://skavi-india.blogspot.com/ http://skavi-juliet.blogspot.com/