Author: TechBrunch
Georgina Marhom says credit bureaus relying on old third-party data are only getting a small piece of the puzzle. “Credit bureaus are very important, but when they're used to identify that someone didn't pay their bills on time, it's a punishment. If you're only after the money, you're giving away a lot of signals. You could miss something,” Marhom told TechCrunch. Merhom uses SOLO, a first-party data collection and reporting engine that integrates user-authorized data sources such as financial transactions, online records, and digital footprints to tell a more complete story about someone's financial behavior. We want to break out…
A few years ago, payments orchestration was an unfamiliar term to many large companies Juan Pablo Ortega spoke to. Now, Yuno's co-founder and CEO doesn't have to explain much. “Perceptions have changed dramatically,” Ortega told TechCrunch. “Many large companies are now well aware of what payment orchestration is, and in fact some of them have started requests for proposals just for orchestration.” These multinational companies typically use six payment providers, acquirers, and banks to cover their needs around the world, but Yuno says they only need one global payment orchestration provider. is. Payment orchestration is a way to integrate all…
MacPaw, the developer of popular Mac and iOS apps, has released a new iPhone app called CleanMyPhone. This helps users delete duplicate photos and other unnecessary images to free up storage. The app is divided into three main tabs: Organize, Organize, and Network. Declutter detects and scans your photo library on your local device to find duplicates, screenshots, screen recordings, TikTok videos, app folders, and blurry images. By default, all images are selected to be cleaned with her one tap. However, you can deselect some images before cleaning your photo library. Organize scans photos from the past 7 days, past…
Axonius, one of the world's leading companies in enterprise asset management, understands and monitors the digital assets and infrastructure that make up an organization's network, but as the company grows, it's expanding its business by adding 2 more companies. Raised $1 billion in funding. The company has been around for about five years, has about 500 large companies as customers, and is on track to generate more than $100 million in ARR. The investment is co-led by Lightspeed and Accel and is an extension of Axonius' existing Series E. Axonius is a $200 million investment solely led by Accel, which…
With the news that the first “mini-organs” have been grown using human stem cells, this field of future biomedicine is clearly accelerating by leaps and bounds. However, harvesting stem cells is controversial, as the primary method involves harvesting stem cells during pregnancy. Now, a Swedish startup has raised VC investment to launch a new process to generate stem cells (from bone marrow donated by adult volunteers). These stem cells have been hailed as an innovative tool to alleviate and prevent a variety of medical conditions, and have reached industrial scale. In an exclusive interview with TechCrunch, Stockholm-based Cellcolabs revealed that…
Europe is suffering from a huge hangover after the tech investment party of 2020-2021. That said, historically, compared to pre-pandemic levels, venture capital investments in European startups have increased, reaching $60 billion according to a new report. However, the unusual nature of the surge in investment surrounding the pandemic stands in sharp contrast to that growth, and although there are signs of green shoots, it is causing major headwinds. Global law firm Orrick analyzed more than 350 VC and growth equity investments completed by clients in Europe last year. Total capital raised in Europe was $61.8 billion. 2023 saw a…
As remote work becomes more prevalent, organizations around the world are adapting, especially when it comes to onboarding new employees and navigating the complexities of cross-border payments. This new era of work has led to a surge in demand for startups that provide human resources (HR), payroll, and compliance tools to help companies hire remotely. One such company from the UAE, RemotePass, has raised $5.5 million in Series A funding led by New York-based 212 VC. Other participating investors include Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund. CEOs Kamal Reggad…
Deal is on the acquisition march. On Tuesday, the HR startup announced it would acquire PaySpace, an Africa-based payroll and HR software and services company, in a deal that would be its largest acquisition to date. The move comes a week after Deel announced it had acquired Zavvy, a Munich-based AI-based “talent development” startup that builds tools for personalized career advancement, training and performance management. It was done within a short time. Financial terms of the PaySpace acquisition were not disclosed. Johannesburg-based PaySpace boasts more than 14,000 customers using its software and services in 44 countries across Europe, Latin America,…
Physical quantum computers are still years away from hitting the market at any scale and reliability, but don't give up on deep technology. The market for high-level quantum computer science, which applies quantum principles to manage complex calculations in fields such as finance and artificial intelligence, appears to be accelerating its pace. In the latest development, Multiverse Computing, a startup based in San Sebastian, Spain, announced that it has raised €25 million (or $27 million) in an equity funding round led by Columbus Venture Partners. The funding, which values the startup at 100 million euros ($108 million), will be used…
When you think of commerce platforms, big names like Adobe Commerce and Salesforce Commerce Cloud are likely the first to come to mind. Large companies that process millions of orders already have technology solutions to manage their operations. But small businesses with $5 million or $20 million in annual revenue don't really have the right tools for their size. They already use an ERP system, but spend a lot of time processing orders and entering information. That's why a French startup called Catalog wants to build a software-as-a-service product that seamlessly manages B2B sales across multiple sales channels. This is…