Month: September 2021

London-based PassFort, which helps companies with KYC and AML requirements, raises $16.2M Series A led by Level Equity (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch: London-based PassFort, which helps companies with KYC and AML requirements, raises $16.2M Series A led by Level Equity  —  London-based PassFort, a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting …

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Glovo bags two grocery picking and delivery startups

More startup swapping in the food delivery space: Spain’s Glovo, an on-demand delivery platform which operates a network of dark stores focused on urban convenience shopping, is pushing deeper into planned grocery shopping — announcing the acquisition of two regional ‘Instacart-style’ grocery picking and delivery startups, Madrid-based Lola Market and Portugal’s Mercadão. Terms of the

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Interview with SEC chair Gary Gensler on meme-stock mania, commission-free trading apps, regulating cryptocurrencies, and whether SPACs need more oversight (Jen Wieczner/New York Magazine)

Jen Wieczner / New York Magazine: Interview with SEC chair Gary Gensler on meme-stock mania, commission-free trading apps, regulating cryptocurrencies, and whether SPACs need more oversight  —  When financial regulators demonstrate that they hold generous views of bitcoin — that, contrary to the prevailing mood in Washington …

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Daily Authority: iPhone day 🚀

Good morning! So many launches… Oh, and by the way, I did have fun in the Alps, if that didn’t come across? iPhone 13, today In brief: Apple’s California Streaming event happens today at 10AM PT / 1PM ET. That’ll give this morning’s news a little bit of a before iPhone/after iPhone feel. What to

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Amazon says it is increasing the US hourly starting wage to $18 and plans to hire another 125,000 warehouse and transportation workers (Jeffrey Dastin/Reuters)

Jeffrey Dastin / Reuters: Amazon says it is increasing the US hourly starting wage to $18 and plans to hire another 125,000 warehouse and transportation workers  —  Amazon.com Inc (AMZN.O) has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse …

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UK government says its Future Fund has invested £1.14B since April 2020 and has stakes in 158 startups, including DIY computer maker Kano and event app Dice FM (Sam Shead/CNBC)

Sam Shead / CNBC: UK government says its Future Fund has invested £1.14B since April 2020 and has stakes in 158 startups, including DIY computer maker Kano and event app Dice FM  —  – The British Business Bank, which administers the so-called Future Fund program, said it has issued 1,190 companies …

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Amazon partners with ticketing company AXS to use its Amazon One palm scanner at Colorado’s Red Rocks Amphitheatre, the first outside partnership for Amazon One (James Vincent/The Verge)

James Vincent / The Verge: Amazon partners with ticketing company AXS to use its Amazon One palm scanner at Colorado’s Red Rocks Amphitheatre, the first outside partnership for Amazon One  —  Launching at Colorado’s Red Rocks Amphitheatre  —  Amazon’s palm-scanning technology, Amazon One, has always been about more than just fast payments.

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Chinese police are using a state-backed anti-fraud app, installed on 200M+ devices, to identify and question people who have viewed overseas financial news (Sun Yu/Financial Times)

Sun Yu / Financial Times: Chinese police are using a state-backed anti-fraud app, installed on 200M+ devices, to identify and question people who have viewed overseas financial news  —  Police identify and question people on back of software meant to prevent online scams  —  Chinese police are using …

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India and Singapore are working to link India’s Unified Payments Interface and Singapore’s PayNow by 2022, seeking to enable “instant, low-cost” transfers (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: India and Singapore are working to link India’s Unified Payments Interface and Singapore’s PayNow by 2022, seeking to enable “instant, low-cost” transfers  —  India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” …

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Amazon announces an OS update for Kindle, Kindle Paperwhite, and Kindle Oasis with a new UI, the first refresh since around 2016, rolling out now (Andrew Cunningham/Ars Technica)

Andrew Cunningham / Ars Technica: Amazon announces an OS update for Kindle, Kindle Paperwhite, and Kindle Oasis with a new UI, the first refresh since around 2016, rolling out now  —  Refined look and feel coming to most Kindles released since 2015.  —  Amazon’s Kindle e-readers get new software updates regularly …

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Kroger says it has partnered with Instacart to deliver food and staples in as little as 30 minutes, after unsuccessfully testing quick deliveries two years ago (Jaewon Kang/Wall Street Journal)

Jaewon Kang / Wall Street Journal: Kroger says it has partnered with Instacart to deliver food and staples in as little as 30 minutes, after unsuccessfully testing quick deliveries two years ago  —  Partnership draws supermarket giant further into a crowded market  —  Kroger Co. said it is partnering with Instacart Inc …

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Helsinki’s Maki.vc poised to close fund at €100M, key focus will be sustainability, deeptech

Helsinki-based VC Maki.vc is poised to reach the final close of its second fund at €100 million, with the aim to invest in seed-stage startups across Europe. The first investments from the new fund include UK-based Baseimmune (antigen discovery and vaccine design), Volare (Foodtech), and PixieRay (adaptive eyeglasses). Maki.vc’s initial ticket sizes range from €250,000

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