Singapore fintech startup Instarem closes $41M Series C for global growth

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]

Fabula AI is using social spread to spot ‘fake news’

UK startup Fabula AI reckons it’s devised a way for artificial intelligence to help user generated content platforms get on top of the disinformation crisis that keeps rocking the world of social media with antisocial scandals. Even Facebook’s Mark Zuckerberg has sounded a cautious note about AI technology’s capability to meet the complex, contextual, messy […]

pi-top’s latest edtech tool doubles down on maker culture

London-based edtech startup, pi-top, has unboxed a new flagship learn-to-code product, demoing the “go anywhere” Pi-powered computer at the Bett Show education fare in London today. Discussing the product with TechCrunch ahead of launch, co-founder and CEO Jesse Lozano talked up the skills the company hopes students in the target 12-to-17 age range will develop and […]

Badi gets $30M for AI-aided room rentals

Should you let AI help you pick your roommates? Barcelona-based urban room rental startup Badi thinks so, and it’s just closed a $30M Series B funding round less than a year after a $10M Series A — suggesting algorithm-aided matchmaking is resonating with its target Millennial(ish) ‘Generation Rent’ demographic, as they hunt for their next flatmate. […]

Cambridge Analytica’s parent pleads guilty to breaking UK data law

Cambridge Analytica’s parent company, SCL Elections, has been fined £15,000 in a UK court after pleading guilty to failing to comply with an enforcement notice issued by the national data protection watchdog, the Guardian reports. While the fine itself is a small and rather symbolic one, given the disgraced political analytics firm went into administration last […]

Facebook policy VP Richard Allan to face the international ‘fake news’ grilling that Zuckerberg won’t

An unprecedented international grand committee comprising 22 representatives from seven parliaments will meet in London next week to put questions to Facebook about the online fake news crisis and the social network’s own string of data misuse scandals. But Facebook founder Mark Zuckerberg won’t be providing any answers. The company has repeatedly refused requests for […]

Zuckerberg rejects facetime call for answers from five parliaments

Facebook has declined once again to send its CEO to the UK parliament — this time turning down an invitation to face questions from a grand committee comprised of representatives from five international parliaments. MPs from Argentina, Australia, Canada, Ireland and the UK have joined forces to try to pile pressure on the company’s founder, Mark […]

Mercaux bags $4.5M to help bricks-and-mortar retail tool up to sell more

Retail tech SaaS platform Mercaux has closed a £3.5 million (~$4.5M) Series A funding round led by European VC fund Nauta Capital.  The 2013 founded London-based startup sells software for retailers to tap into digital capabilities in their physical retail stores — offering a modular platform that’s intended to support digital transformations at a pace of the […]

London’s transport regulator looks to startups to help fix urban mobility

London’s transport regulator, TfL has announced a partnership with Bosch for its forthcoming co-working space in Shoreditch. The civic tech project is intended to run for 18 months as a pilot — though Bosch’s ‘Connectory’ co-working facility won’t open until the end of January. A company spokeswoman confirmed the partnership is nonetheless up and running […]

Lyft speeds ahead with its autonomous initiatives

Lyft, the transportation on demand company that is heading to a $15 billion IPO in 2019, is racing ahead with its autonomous vehicle plans. TechCrunch has learned that it is acquiring the London-based augmented reality startup Blue Vision Labs and unveiling its first test vehicle to advance its vision for self-driving cars. The first car from […]