Month: October 2018

French startup Lendix is changing its name to October. The company is using this opportunity to redesign its branding assets and refresh the design of the website for new users. The product remains the same — a lending platform connecting individual and institutional investors with small and medium companies. October had to change its name for
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Two separate parliamentary committees, in the UK and Canada, have issued an unprecedented international joint summons for Facebook’s CEO Mark Zuckerberg to appear before them. The committees are investigating the impact of online disinformation on democratic processes and want Zuckerberg to answer questions related to the Cambridge Analytica-Facebook user data misuse scandal, which both have been
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Messaging app firm Line has given up majority control of its Line Games business after it raised outside financing to expand its collection of titles and go after global opportunities. The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in
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Global investment giant KKR is warming up to Southeast Asia after it made a third high-profile investment. The firm — which has nearly $150 billion in assets under management — has cut a SG$200 million (US$144 million) check for PropertyGuru, the region’s largest property listings group. Founded in 2006, PropertyGuru operates rental and sale listing sites in
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Brex, the corporate card built for startups, unveiled its new rewards program today. The billion-dollar company, which announced its $125 million Series C three weeks ago, has partnered with Amazon Web Services, WeWork, Instacart, Google Ads, SendGrid, Salesforce Essentials, Twilio, Zendesk, Caviar, HubSpot, Orrick, Snap, Clerky and DoorDash to give entrepreneurs the ability to accrue
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Facebook is moving to ban the Proud Boys, a far-right men’s organization with ties to white supremacist groups. Business Insider first reported the decision. Facebook confirmed the decision to ban the Proud Boys from Facebook and Instagram to TechCrunch, indicating that the group (and presumably its leader Gavin McInnes) now meet the company’s definition of
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Monzo, the U.K. challenger bank that now boasts more than a million customers, has raised £85 million in Series E funding. The round is led by U.S. venture capital firm General Catalyst, and Accel. Existing backers Passion Capital, Goodwater, Thrive Capital, Orange Digital Ventures, and Stripe also participated. The latest funding was at a pre-money
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Today, Jack Dorsey tweeted a link to his company’s latest gesture toward ongoing political relevance, a U.S. midterms news center collecting “the latest news and top commentary” on the country’s extraordinarily consequential upcoming election. If curated and filtered properly, that could be useful! Imagine. Unfortunately, rife with fake news, the tool is just another of
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The News Feed won’t sustain Facebook forever, and that’s scaring investors. Today on Facebook’s earnings call, Mark Zuckerberg stressed that sharing is shifting to private chat, where people send 100 billion messages per day on Facebook’s family of apps, and Stories, where he says people share 1 billion of these slideshows per day (though it’s
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On the heels of a funding round to the tune of $18.8 million, Even Financial has acquired Birch Finance for an undisclosed sum. Even offers products like a pre-approval API, real-time pricing, machine learning optimization, a product comparison and recommendation engine for consumers and more. Birch Finance, a TC Startup Battlefield alum that raised $1 million earlier
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Aura, an app for emotional well-being, has raised a $2.7 million seed round co-led by Cowboy Ventures and Reach Capital, with participation from others. When Aura first launched a couple of years ago, its bread and butter was short, three-to-seven-minute meditations based on your current mood — be that stressed, anxious, happy or sad. Since then,
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Twitter’s decision to double its character count from 140 to 280 characters last year hasn’t dramatically changed the length of Twitter posts. According to new data released by the company this morning, Twitter is still a place for briefer thoughts, with only 1% of tweets hitting the 280-character limit, and only 12% of tweets longer than
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