Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million. Igor Senra and Leo Mendes had worked together before — founding their first online payments company, MOIP, in 2005. That company sold to WireCard […]

How to build or invest in a startup without paying capital gains tax

Peyton Carr Contributor Peyton Carr is a Financial Adviser to founders, entrepreneurs and their families, helping them with planning and investing. He is a Managing Director of Keystone Global Partners. More posts by this contributor Make a personal plan for your exit or IPO Founders, entrepreneurs, and tech executives in the know realize they may […]

The Urban.Us and BMW Mini accelerator focused on urban innovation names its latest cohort

URBAN-X, the accelerator program focused on companies developing technologies to increase the sustainability, resiliency and efficiency of cities, has selected seven companies for its latest cohort. Operating as a partnership between BMW’s Mini brand and the early-stage investment fund Urban.Us since 2017, the accelerator has backed 51 companies, which have raised more than $100 million […]

GitGuardian raises $12M to help developers write more secure code and ‘fix’ GitHub leaks

Data breaches that could cause millions of dollars in potential damages have been the bane of the life of many a company. What’s required is a great deal of real-time monitoring. The problem is that this world has become incredibly complex. A SANS Institute survey found half of company data breaches were the result of […]

Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer

Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds Richard Song, who joined Coupang in 2011 and is retiring. Coupang is Korea’s largest e-commerce platform. […]

Setting politics aside, Sequoia raises $3.4 billion for US and China investments

Noted Silicon Valley venture capital fund Sequoia Capital has raised nearly $1 billion for later-stage U.S. investments and roughly $2.4 billion for venture and growth deals in China, according to paperwork filed with the U.S. Securities and Exchange Commission on Tuesday. The firm, famous for its investments in U.S. companies like Google, Instagram, Dropbox, LinkedIn, […]

Fronted, from former Bud, Monzo and Apple employees, wants to make life easier for renters

Fronted, a new London-based startup aiming to make life easier for renters, is breaking cover today. The company, founded by Jamie Campbell, Simon Vans-Colina and Anthony Mann — former employees at Bud, Monzo and Apple, respectively — will launch early next year with a fintech product to help renters finance their rental deposits. The plan […]

Postscript raises $4.5M to help Shopify shops stay connected with customers over SMS

Back in February, we wrote that Postscript “wants to be the Mailchimp for SMS.” Now they’ve raised $4.5 million to help get it done. This round was led by Accomplice, and backed by Kayak co-founder Paul English, Wufoo co-founder Kevin Hale, Klaviyo co-founder Andrew Bialecki, Drift co-founder Elias Torres, Front co-founder Mathilde Collin and Podium […]

SoftBank pours $100M into Mexico’s Konfio

Three months after Goldman Sachs lent $100 million to Mexican fintech Konfio, SoftBank has invested another $100 million into the financial services company. The investment confirms Reuters’ August report that SoftBank was in advanced talks with the startup — now one of the most heavily funded fintechs in Mexico.  SoftBank is continuing to expand its […]

Alfred Lin, the Sequoia VC and former Zappos COO, thinks this retail startup could be a generation-defining brand

When the storied venture firm Sequoia likes a deal, it will sometimes not only lead one of its financing rounds but fund it exclusively — no matter how that impacts earlier investors. Given the firm’s powerful brand, it’s hard to complain (too much), even if it means that earlier backers see their stakes diluted. Such […]