Thailand’s Jitta raises $6.5M to develop an algorithm-powered wealth fund

Jitta, a Bangkok-based fintech startup, has announced a $6.5 million round as it prepares to launch an investment fund for consumers in what would be a first for the Thai market. The deal, which is described as pre-Series A, is one of the largest in Thailand for some time and it was led by Beacon […]

Indonesia-focused Intudo Ventures raises new $50M fund

Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newcomer to Southeast Asia but a key differentiator is that it is solely focused on Indonesia, which is the world’s fourth most populated country […]

SEC charges former Apple compliance lawyer with insider trading, avoiding $382K in losses

The shine on Apple is getting a little tarnished. Today, the SEC filed a suit against Gene Levoff, a lawyer who used to work for the iPhone giant, accusing him of insider trading, selling millions of dollars in stock ahead of earnings and saving himself some $382,000 in losses in the process, and, in a […]

Manipulating an Indian politician’s tweets is worryingly easy to do

Here’s a concerning story from India, where the upcoming election is putting the use of social media in the spotlight. While the Indian government is putting Facebook, Google and other companies under pressure to prevent their digital platforms from being used for election manipulation, a journalist has demonstrated just how easy it is to control […]

OakNorth raises $440 million from SoftBank and Clermont

British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans. Today’s funding round is the biggest funding round in a European fintech company. […]

How to prepare for an investment apocalypse

Micah Rosenbloom Contributor More posts by this contributor Business school grads and quants are winning the battle to create the next P&G Startups need to respect the laws of retail physics Unlike 2000 and 2008, everyone in the startup world is expecting a crash to come at any moment, but few are taking concrete steps […]

How students are founding, funding and joining startups

Shawn Xu Contributor There has never been a better time to start, join or fund a startup as a student.  Young founders who want to start companies while still in school have an increasing number of resources to tap into that exist just for them. Students that want to learn how to build companies can […]

NYC launches partnership network, “The Grid”, to help grow urban tech ecosystem

The New York City Economic Development Corporation (NYCEDC) and CIV:LAB – a nonprofit dedicated to connecting urban tech leaders – have announced the launch of The Grid, a member-based partnership network for New York’s urban tech community. The goal of the network is to link organizations, academia and local tech leaders, in order to promote collaboration […]

Raisin raises $114M for its pan-European marketplace for savings and investment products

Raisin, the pan-European fintech marketplace for savings and investment products, is disclosing that it has raised $114 million in Series D funding. Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in the round, which brings the total raised to date to $200 million. Tellingly, the fast-growing Berlin fintech says it plans […]

Everything you need to know about Facebook, Google’s app scandal

Facebook and Google landed in hot water with Apple this week after two investigations by TechCrunch revealed the misuse of internal-only certificates — leading to their revocation, which led to a day of downtime at the two tech giants. Confused about what happened? Here’s everything you need to know. How did all this start, and […]