• 2
    Dec

    Revolut launches early salary feature in the UK and web app

    Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with Revolut, you know that ...
  • 2
    Dec

    Monzo, the U.K. challenger bank, picks up additional £60M in funding

    Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another £60 million in funding, priced the same as and effectively an extension of the its previous top-up round in June. This saw Monzo valued by private investors at around £1.2 billion, marked by industry observers as a down round because it was lower than the upstart bank’s previous ...
  • 2
    Dec

    Bizzabo raises $138M for a platform that helps you build and run virtual conferences

    Conferences have — for better or worse (and if you’ve ever been trapped in a cavernous CES exhibition hall, you might say worse) — become a significant cornerstone of how industries engage with their audiences, whether they are comics superfans, or iOS developers, or insurance brokers. This year has undoubtedly seen a huge shift in how those conferences exist. The ...
  • 17
    Nov

    Digital electricity supplier Tibber closes $65M Series B led by Eight Roads, Balderton

    Tibber, a ‘digital electricity’ supplier which uses AI to switch around power for houses based on their predicted levels of consumption – has closed a $65 million Series B round led by Eight Roads Ventures and Balderton Capital, with participation from existing investors including San Francisco-based Founders Fund, which invested last year. Alongside equity, Tibber secured working capital funding by Nordea ...
  • 12
    Nov

    China to ship 3 billion parcels during post-COVID Singles’ Day

    China’s e-commerce behemoths Alibaba and JD.com again claimed to have set records during the world’s largest shopping event, Singles’ Day. The figures can often be gamed to paint a rosy picture of perpetual growth, journalists and analysts have long observed, so they are limited metrics for measuring the firms’ performance or Chinese consumers’ purchasing power in times of COVID-19. Nonetheless, the heavy workload for express couriers ...
  • 12
    Nov

    PUBG announces India return with new game and $100 million investment

    PUBG Mobile will make its return to India in a new avatar, parent company PUBG Corporation said on Thursday. Reported last week that the South Korean gaming firm was plotting its return to the world’s second largest internet market two months after its marquee title was banned by the country. The new game, called PUBG Mobile India, has been specially created for ...
  • 10
    Nov

    Adobe acquires marketing workflow startup Workfront for $1.5B

    Adobe just announced that it is acquiring marketing workflow management startup Workfront for $1.5 billion. Bloomberg first reported the sale earlier today. Workfront was founded back in 2001, making it a bit long in the tooth for a private company that has raised $375 million, according to Crunchbase. (It’s worth noting that $280 million of that was secondary money raised last year.) The acquisition gives Adobe ...
  • 5
    Nov

    Reliance Retail raises $1.3 billion from PIF

    The Public Investment Fund, which has this year invested $1.5 billion in Mukesh Ambani’s telecom venture Jio Platforms and more than half a billion dollars in his fiber-optic business, has returned to back yet another empire built by India’s richest man. The sovereign wealth fund is investing $1.3 billion in Reliance Retail  for a 2.04% equity stake in the largest retail chain in India. The ...
  • 4
    Nov

    CA ballot measure that keeps gig workers as independent contractors is projected to pass

    Uber,  Lyft, Instacart and DoorDash — the major backers of California’s Proposition 22 — are getting their way. The proposition, which will keep gig workers classified as independent contractors, is projected to pass. The Associated Press called the race with 67% of precincts partially reporting. At the time of publication, 58.2% of voters (more than 6.3 million people) voted for Prop ...
  • 3
    Nov

    Indonesian logistics platform Logisly raises $6 million Series A to digitize truck shipments

    Indonesia’s logistics industry is very fragmented, with several large providers operating alongside thousands of smaller companies. This means shippers often have to work with a variety of carriers, driving up costs and making supply chains harder to manage. Logisly, a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has raised $6 million in Series A funding ...