Nubank to expand in Mexico with new banking designation
MEXICO CITY, Sept 21 (Reuters) – Brazilian financial startup Nubank said on Tuesday it acquired in Mexico a Sociedad Financiera Popular, which comes with an operating license that will enable the company to expand its product portfolio in the…
Here’s What the Air Force’s Next-Gen Flying ‘Jeep’ Could Look Like
The U.S. Air Force has chosen 35 new aircraft designs for its High-Speed Vertical Takeoff and Landing (HSVTOL) competition. Designs range from single-person models to transport helicopter-sized craft. Small, fast aircraft like these can operate without…
UPDATE 1-Nubank nets financial services designation in Mexico with aim to expand
(Adds background on Nubank, IPO plans) By Cassandra Garrison MEXICO CITY, Sept 21 (Reuters) – Brazilian financial startup Nubank said on Tuesday it acquired in Mexico a Sociedad Financiera Popular, which comes with an operating license that will…
6AM City raises over $5 million, expands to 24 cities
6AM City, a newsletter-driven local news company, has raised a new round of funding north of $5 million, Axios has learned. Why it matters: 6AM City is one of the fastest-growing startups catered specifically to local news. Get market news worthy of your…
Cryptocurrencies trading lower; Bitcoin around $43,000, Dogecoin, Ethereum down
Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 3.3% lower on Tuesday morning. The price was around $43,260 per coin, while rivals Ethereum and Dogecoin were trading around $3,071 (-1.59%) and 21 cents (-3.43%) per coin,…
Valley News – Biotech startup sells for $150 million
LEBANON — An Upper Valley biotech startup co-founded by Dartmouth engineering professor Tillman Gerngross is being acquired by a Boston-area biotech firm in a cash and stock deal valued at $150 million, the latest milestone for the star Thayer School of…
Chinese 3D printing startup Polly Polymer secures new funding
BEIJING — Polly Polymer, a stereolithography, or SLA 3D printing startup in China, has raised nearly 100 million yuan ($15.5 million) in a Series A+ funding round from a group of investors led by Vitalbridge. Polly Polymer offers various high-speed…
Airwallex eyes further expansion as latest funding round lifts valuation to $4b
Airwallex has raised another $200 million in a series E round, with the Australian fintech startup now reaching a fund total of over $700 million and a valuation of $4 billion. The majority of the funding came from new investors, including private…
A startup called UnBiasIt says its software can spot racial bias within companies. Will this surveillance scare employees?
In August, the company began using software from a startup called UnBiasIt to monitor for signs of or keywords related to racial, gender, or age bias, Telhio spokeswoman Jessica Bing told CNN Business. For instance, she said, if an email from one…
Indonesia’s Traveloka Offers BNPL to Underbanked
Traveloka, Indonesia’s travel startup turned super app, is taking a further step into the buy now, pay later (BNPL) arena. The company on Monday (Sept. 20) announced the launch of its PayLater “Virtual Card Number,” which allows customers to use BNPL on…