In the first nine months of 2019, Airbnb posted a loss of $322 million, according to the Wall Street Journal, and the timing could hardly be worse. In the same period in…
Course Hero Valued at $1.1 Billion in Latest Investment Round
Course Hero has become the latest education startup to be valued at more than $1 billion, after securing a $10 million Series B funding round from NewView Capital. The Redwood, California-based company…
Visa Leads $80m Currencycloud Funding
London-based remittance startup Currencycloud has won $80 million in funding led by Visa. The Series E round—Currencycloud’s eleventh since its 2012 conception—also included cash injections from payment giants like the World Bank…
Casper Files for IPO Despite Perilous Conditions
Casper, the mattress startup, has filed to go public on the New York Stock Exchange, prompting a flurry of jokes about the company not being spooked by the IPO troubles of other…
FintechOS Wins $14m Funding to Continue Disrupting Banking Industry
Finance technology firm FintechOS has secured a $14 million Series A funding round to expand its suite of digital solutions. The London-based company, founded in 2017, will use the cash to continue…
PropTech Firm Entera Raises $7.5m Funding Round
U.S. property tech startup Entera has raised a $7.5 million funding round, as it bids to expand its data-driven real estate solutions enterprise. The round, led by Bullpen Capital and Craft Ventures,…
WeWork Begins Restructuring After IPO Debacle
WeWork executives have begun the daunting task of rebuilding the company, starting with 2,400 layoffs and possibly renegotiating founder and former CEO Adam Neumann’s $1.7 billion payoff. WeWork, which was temporarily renamed…
Decentralized Trading Platform Vega Wins $5m Seed Round
Vega, a decentralized trading startup, has won a $5 million Seed funding round led by Pantera Capital, a Bitcoin-focused venture capital fund. The money will help Gibraltar-registered Vega develop a protocol it…
Alibaba Pays $2bn for Chinese E-Commerce Firm Kaola
Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own…
$120m Funding Round Propels CRED to India’s Top Fintech Table
Barely nine months old, Bangalore fintech firm CRED has just won a $120 million Series B funding round that launches it to the forefront of India’s booming digital credit industry—and its founder…