HumanForest suspends London e-bike sharing service, cuts jobs after customer accident

U.K.-based startup HumanForest has suspended its nascent “free” e-bike service in London this week, after experiencing “mechanical” issues and after a user had an accident on one of its bikes, TechCrunch has learned. The suspension has also seen the company make a number of layoffs with plans to re-launch next spring using a different e-bike. […]

European Commission to appeal decision that reversed Apple’s $15B State Aid tax bill in Ireland

It’s not over until it’s over for Apple and its ongoing tax headache in Europe. Today the European Commission announced that it plans to appeal the July 2020 ruling that overturned the original $15 billion fine that it leveled against Apple and Ireland over State Aid and taxes, as it believes the General Court “made […]

Cambridge Analytica’s former boss gets 7-year ban on being a business director

The former CEO of Cambridge Analytica, the disgraced data company that worked for the 2016 Trump campaign and shut down in 2018 over a voter manipulation scandal involving masses of Facebook data — has been banned from running limited companies for seven years. Alexander Nix signed a disqualification undertaking earlier this month, which the U.K. […]

Daily Crunch: Amazon unveils its own game-streaming platform

Amazon announces a new game service and plenty of hardware upgrades, tech companies team up against app stores and United Airlines tests a program for rapid COVID-19 testing. This is your Daily Crunch for September 24, 2020. The big story: Amazon unveils its own game-streaming platform Amazon’s competitor to Google Stadia and Microsoft xCloud is […]

Snyk acquires DeepCode to boost its code review smarts

Switzerland-based machine learning code review startup DeepCode — which bills itself as “Grammarly for coders” — has been acquired by Snyk, a post-unicorn valuation cybersecurity startup focused on helping developers secure their code. Financial terms of the deal have not been disclosed. But the “big code” parsing startup had only raised around $5.2 million since […]

UK launches COVID-19 exposure notification app for England and Wales

The last two regions of the U.K. now have an official coronavirus contacts-tracing app, after the U.K. government pushed the button to launch the NHS COVID-19 app across England and Wales today. Northern Ireland and Scotland launched their own official apps to automate coronavirus exposure notifications earlier this year. But the England and Wales app […]

Kard raises another $3.5 million for its challenger bank for teens

French startup Kard has added $3.5 million (€3 million) to its seed round. The company already raised the same amount last year, which means that Kard has raised $7 million (€6 million) in total for its seed round. Founders Future is leading the round, with Laurence Krieger, Michael Vaughan, Jon Oringer and Iris Mittenaere also […]

Facebook denies it will pull service in Europe over data transfer ban

Facebook’s head of global policy has denied the tech giant could close its service to Europeans if local regulators order it to suspend data transfers to the U.S. following a landmark Court of Justice ruling in July that has cemented the schism between U.S. surveillance laws and EU privacy rights. Press reports emerged this week […]

TransferWise reports accelerating revenue growth to 70% in its March, 2020 fiscal year

TransferWise, a European fintech unicorn, announced the financial results of its fiscal year ending March, 2020. The company posted strong growth, continued profit and new customer records. TransferWise was most recently valued at $5 billion during a secondary sale worth $319 million in July of this year. On the results front, we can compare the […]

What makes Checkout.com different from Stripe

While Checkout.com has kept a low profile for many years, the company raised $380 million within a year and reached an impressive valuation of $5.5 billion. It wants to build a one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud. You might think that it sounds a […]