Fintech DailyPay, a company that develops software that gives employees flexibility over when they get paid, earns $175 million in a Series D round and $325 million in debt financing, according to a source (Luisa Beltran/Online). Barron’s DailyPay, a company that develops software that gives employees flexibility over when they get paid, earns $175 million…
Reuters, DETROIT General Motors Co. (GM.N)-backed auto data startup Wejo will reverse combine with blank-check provider Virtuoso Acquisition Corp. (VOSO.O) and go public, the companies announced on Friday. The transaction values the British company at $800 million, including debt. According to the firms, Wejo would receive $330 million in revenues from the purchase. Included in…
A competition to Clubhouse and a foray into podcasting are among the audio items that Facebook plan CEO Mark Zuckerberg has promised will be released over the coming weeks and months. The plans for each of those—including one to incorporate Spotify’s music player inside Facebook—are detailed below. Speaking to tech journalist Casey Newton, Zuckerberg added…
The US and global presidents of Nintendo’s global talk about Switch, Animal Crossing: New Horizons, and the company’s ventures into theme parks, movies, and other endeavors. Fast Company/Harry McCracken Even as Nintendo’s entertainment empire grows, the focus is still on the games. Exclusive: Nintendo’s presidents for the world and the United States discuss the company’s…
Green technologies are becoming more common in our daily lives. They include solar panels, electric cars, wind turbines, and other renewable power sources. These innovations are helping to reduce pollution and improve our environment. However, as the global population increases, the demand for clean water, food, and energy grow exponentially. This means that cyberattacks against…
The ability to watch (and sponsor) one’s favourite teams and athletes Veo has long been one of the most popular and successful media plays in the world, enticing broadcasters, sponsors, and consumers to shell out enormous sums. Naturally, producing that material is quite expensive, further constricting the production and dissemination process. However, a startup today…
The largest e-commerce site in Africa, Jeremy Hodara, co-CEO of Jumia, has just published its second full-year financials for Q4 and fiscal year 2020. Mixed results were obtained: while orders and gross merchandise volume (GMV) decreased, active customers and gross profit rose. Additionally, the company’s recurrent adjusted EBITDA and operating losses—a particular issue that has…
H.I.G. Growth Partners and Energize Ventures jointly led a $42 million series C round of fundraising for Sitetracker, a multi-site project management tool created to track and manage crucial infrastructure projects. Sitetracker, based in Palo Alto, was founded in 2013 and enables businesses in sectors including energy, telecom, and electric vehicles (EVs) to remotely deploy…
The disproportionate number of Asian Americans in Silicon Valley contributed to the concept of the “model minority.” Some claim it is employed against them. not being heard. obtaining promotions despite others. stereotyped as being “diligent” and “passive.” In recent days, as the #stopasianhate movement grew into a widespread protest and action, many Asian Americans working…
How to choose the right windows for a passive house? The development of construction materials and at the same time the rise in the cost of energy resources has led to the popularity of ‘passive houses.’ Such buildings need on average 7 to 10 times less energy to maintain a comfortable temperature: for heating in…
