• 29
    Jan

    Toothless: Facebook proposes a weak Oversight Board

    Facebook’s  internal “Supreme Court” can’t set precedents, can’t make decisions about Facebook Dating or Marketplace, and can’t oversee WhatsApp, Oculus, or any messaging feature, according to the bylaws Facebook proposed today for its Oversight Board. It’s designed to provide an independent appeals process for content moderation rulings. But it will only be able to challenge content taken down, not left up, until at ...
  • 29
    Jan

    OpenPhone grabs $2 million for its business phone number app

    Y Combinator graduate OpenPhone is raising a $2 million funding round led by Slow Ventures. The company is working on an app that lets you seamlessly get a business phone number without a second phone or a second SIM card. Y Combinator, Kindred Ventures, Garage Capital, 122WEST Ventures and others are also participating in today’s funding round. Compared to Aircall and other enterprise solutions, ...
  • 29
    Jan

    HeyMama, a premium social network for working moms, raises $2 million

    As we spend more and more time on our phones, working busier and busier jobs, and leading more and more overwhelming lives, personal connection with others is harder and harder to come by. HeyMama wants to change that. The premium social network is aimed squarely at working mothers, looking to give them a space to connect, communicate, and learn from each other. ...
  • 28
    Jan

    Practice Fusion, once backed by top VCs, pushed doctors to prescribe opioids in kickback scheme

    Practice Fusion,  a medical records startup that attracted more than $150 million from VCs, including at Founders Fund, Kleiner Perkins, and Artis Ventures, has received its share of negative press since selling to its older, publicly traded rival Allscripts in a $100 million cash deal in early 2018. Yet it appears that Practice Fusion, founded in 2005, was run even more poorly than ...
  • 28
    Jan

    Flipboard expands into local news

    Flipboard, the personalized news aggregation app used by 145 million users per month, is today launching a new feature aimed at bringing local news coverage to 23 cities across the U.S. and Canada, including major metros like New York, L.A, San Francisco, Seattle, D.C., Boston, Dallas, Chicago, and many others. The goal with the new offering is to give Flipboard  users an ...
  • 28
    Jan

    LabCorp website bug exposed thousands of medical documents

    A security flaw in LabCorp’s  website exposed thousands of medical documents, like test results containing sensitive health data. It’s the second incident in the past year after LabCorp said in June that 7.7 million patients had been affected by a credit card data breach of a third-party payments processor. The breach also hit several other laboratory testing companies, including Quest Diagnostics. This latest security ...
  • 28
    Jan

    Chicago’s ActiveCampaign raises $100M for an all-in-one marketing and sales automation platform

    Marketing and sales automation — tools that leverage the advances and data of our digital age to better identify and then interact with customers — is big business, with the whole market expected to generate some $6.6 billion in revenues for related companies by 2025. But “companies” is the operative word here: it’s a very fragmented space, with dozens of hopefuls covering ...
  • 27
    Jan

    Teller raises $4M to take on Plaid in the U.S. by providing API access to ...

    “They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller, once described Open Banking Limited, the body charged with delivering open banking in the U.K. His view back in 2017 — which now looks somewhat prophetic — was that open banking wouldn’t be the competition driver it was hyped up to be. Instead, incumbent banks were incapable of change and would ...
  • 27
    Jan

    Indian B2B packaging marketplace Bizongo raises $30M

    Bizongo, one of the largest business-to-business online marketplaces for packaging needs in India, has raised $30 million in fresh funding round as it looks to widen its footprint in the nation and expand to more categories. The new financing round, Series C, was led by Switzerland-based hedge fund Schroder Adveq, which manages assets worth $10 billion. Existing investors B Capital, ...
  • 27
    Jan

    N26 reaches 5 million customers including 250,000 in the US

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    Challenger bank N26 has reached 5 million customers. In 2019 alone, N26  managed to add over 2.5 million customers. And the company’s growth rate seems to be accelerating as N26 reached 3.5 million customers in June 2019. That represents an addition of 1 million customers during the first half of 2019 and an addition of 1.5 million customers during the second half of 2019. One ...