Teen banking service Step raises $50M, adds TikTok star Charli D’Amelio to investor list

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PayPal launches a new crowdsourced fundraising platform, the Generosity Network

PayPal is expanding its fundraising efforts with today’s launch of the Generosity Network. Unlike the PayPal Giving Fund, which helps people support charities through online donations, the new Generosity Network lets people raise money for themselves, other individuals in need, or organizations like a small business or a charity. This puts the network more directly […]

Europe urges e-commerce platforms to share data in fight against coronavirus scams

European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams. After the pandemic spread to the West, internet platforms were flooded with local ads for PPE of unknown and/or dubious quality and other dubious coronavirus […]

Booming edtech M&A activity brings consolidation to a fragmented sector

As the COVID-19 pandemic continues to force teachers, students and parents to adopt new technologies, edtech’s total addressable market has massively grown in the last several months. The shift has urged venture capitalists to pour money into the sector accordingly, ushering a number of startups into the unicorn club. But maturation doesn’t just mean bigger […]

Hypnosis for health? Investors have placed a $1.1 million bet on Mindset Health that it can work

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ToursByLocals snaps up its first funding, C$33M, to link sightseers with guides globally

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Layoffs at Lime and Getaround herald rise of profit-hungry unicorns

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Who will the winners be in the future of fintech?

Nik Milanovic Contributor Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Fintech’s next decade will look radically different Libra’s critics are missing the forest for the trees So what happens when fintech ‘brings it all together’? […]

How Bongo, the ‘Netflix of Bangladesh,’ won the local video streaming market with just $10M

Bangladesh’s largest video streaming service is expanding, profitable and open for buyout talks Manish Singh 1 day Thousands of miles away from the U.S., where technology giants, cable networks, and studios are locked in an intense multi-billion dollar battle to court users to their video streaming services, a startup in Bangladesh has already won the […]

Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally

Obviously, not everyone owns their boat, and boat ownership is far more unique than car ownership – which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and is now announcing a $10 million Series A “extension” funding round to help it grow its business, with […]