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Daily Crunch: WhatsApp launches payments
WhatsApp is adding support for in-app payments, Apple is upgrading the MacBook Pro and Mac Pro desktop and we argue about the future of startup hubs.
Here’s your Daily Crunch for June 15, 2020.
1. WhatsApp finally launches payments, starting in Brazil
After months of talks and trials, WhatsApp has finally pulled the trigger on payments. Users in Brazil will be the first to be able to send and receive money through the messaging app, using Facebook Pay.
WhatsApp says that the payments service — which currently is free for consumers to use, but comes with a 3.99% processing fee for businesses receiving payments — will work by way of a six-digit PIN or fingerprint to complete transactions.
2. Apple adds new MacBook Pro graphics option and Mac Pro SSD upgrade kit
A week before kicking off WWDC, Apple introduced a pair of upgrades to its pro-level hardware lines. Both the 16-inch MacBook Pro and the Mac Pro desktop are getting select internal upgrades, starting today.
3. 3 perspectives on the future of SF and NYC as startup hubs
Three TechCrunch writers address one of the big questions about the future: Will tech continue to centralize in hubs like San Francisco and New York City, or will remote work and all the other second-order effects lead to a more decentralized startup ecosystem? (Extra Crunch membership required.)
4. Interstellar Technologies’ privately developed MOMO-5 rocket falls short of reaching space
The company first launched a vehicle in 2017, but the launch didn’t go exactly as planned and failed to reach space. In 2019, its MOMO-3 sounding rocket did break the Karman line, though just barely, and unfortunately its MOMO-5 sounding rocket launched over the weekend did not make space, as planned.
5. Introducing The Exchange, your daily dive into the private markets
The Exchange is Alex Wilhelm’s regular dive into the financial side of the startup world, and how the public markets exert gravity (or lift) on private companies. These themes might sound familiar to Daily Crunch readers, since we’ve linked to plenty of Alex’s pieces, but now it’s an official column with an official name.
6. Tesla’s US-made Model 3 vehicles now come equipped with wireless charging and USB-C ports
Tesla Model 3 vehicles produced at its Fremont, Calif. factory will reportedly come standard with a wireless charging pad and USB-C ports, upgrades that were first spotted by Drive Tesla Canada.
7. This week’s TechCrunch podcasts
The latest full-length episode of Equity discusses Facebook’s new startup venture fund, while the Monday news roundup covers the latest problems at Quibi. Over at Original Content, we review the latest season of “Queer Eye.”
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: Snapchat is getting mini apps
Snap announces a bunch of new features, Moderna prepares for the final-stage trial of its coronavirus vaccine and Sony shows off the PlayStation 5.
Here’s your Daily Crunch for June 12, 2020.
1. Snapchat debuts Minis, bite-sized third-party apps that live inside chat
Snap Minis are lightweight third-party programs that users can quickly pull up in the Chat section. This allows them to complete tasks without switching apps, like ordering movie tickets, comparing class schedules, studying a flashcard deck or going through a guided meditation.
The news came at a virtual version of the Snap Partner Summit, in which the company also announced a number of AR updates, including Lens voice search, a bring-your-own machine learning model update to Lens Studio and a geography-specific AR system that will turn public Snaps into spatial data.
2. Moderna set to start final-stage trial of its coronavirus vaccine by July
Pharmaceutical company Moderna told Bloomberg that it’s on pace to begin by July the final-stage clinical trial of its vaccine for the novel coronavirus that causes COVID-19. The company has previously said that it could potentially begin offering experimental doses available to healthcare workers in limited capacities as early as this fall.
3. And finally … here’s Sony’s PlayStation 5
Sony finally revealed the PS5 tower in all its glory. It doesn’t look entirely un-router-like — but if so, it’s a sleek-looking router.
4. Chris Cox returns to the fold as Facebook’s chief product officer
After a very high-profile departure last year, Facebook’s former chief product officer Chris Cox will return to his long-held position. He said the unique national and global climate of 2020 influenced his decision, particularly the coronavirus pandemic, its subsequent economic devastation and the nation’s current focus on “a reckoning of racial injustice.”
5. Why are unicorns pushing back IPOs when the Nasdaq is near record highs?
Instacart just announced that it has raised fresh capital at a valuation north of $13 billion. DoorDash, meanwhile, is reportedly looking to add more cash at a pre-money valuation that exceeds $15 billion. Both announcements make it plain that late-stage unicorns are still able to attract huge sums despite a putatively uncertain IPO market. (Extra Crunch membership required.)
6. Microsoft’s Brad Smith says company will not sell facial recognition tech to police
Microsoft is joining IBM and Amazon in taking a position against the use of facial recognition technology by law enforcement — at least, until more regulation is in place.
7. UK competition watchdog launches investigation into Facebook’s $400M acquisition of Giphy
The UK Competition and Markets Authority — the country’s antitrust watchdog — announced that it has launched an investigation into Facebook’s acquisition of Giphy. Specifically, it’s looking to see how and if the deal will lessen competition in the two companies’ respective markets.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: Zoom reports spectacular growth
Zoom’s latest earnings report was even better than expected, SoftBank announces a new fund to invest in founders of color and Google pulls a trending app that targets apps from China.
Here’s your Daily Crunch for June 3, 2020.
1. Remote work helps Zoom grow 169% in one year, posting $328.2M in Q1 revenue
Zoom’s customer numbers were similarly sharp, with the firm reporting that it had 265,400 customers with more than 10 seats (employees) at the end of the quarter, which was up 354% from the year-ago period.
Not all of the news coming out of its latest earnings report was positive, however. CEO Eric Yuan confirmed that a plan to implement end-to-end encryption does not in fact extend to non-paying users.
2. SoftBank launches $100M+ Opportunity Growth Fund to invest in founders of color
The Opportunity Growth Fund “will only invest in companies led by founders and entrepreneurs of color,” according to an internal memo from SoftBank’s COO Marcelo Claure, who said the fund will initially start with $100 million — meaning there is room for SoftBank or other limited partners to add more over time.
3. Google pulls ‘Remove China Apps’ from Play Store
The top trending app in India, which was downloaded more than 5 million times since late May and enabled users to detect and easily delete apps developed by Chinese firms, was pulled from Android’s marquee app store for violating Google Play Store’s Deceptive Behavior Policy.
4. Facebook and PayPal invest in Southeast Asian ride-hailing giant Gojek
Facebook and PayPal are joining Google and Tencent as high-profile tech firms that have backed the five-year-old Southeast Asian ride-hailing startup, which also offers food delivery and mobile payments.
5. The fundraising marketplace has stabilized. Or has it?
DocSend CEO Russ Heddleston said the last two weeks could be establishing a new normal for fundraising this year. Even though most VCs aren’t taking in-person meetings, they were more active in the past month than they were in May of both 2019 and 2018. (Extra Crunch membership required.)
6. Venture firms rush to find ways to support Black founders and investors
Firms like Benchmark, Sequoia, Bessemer, Eniac Ventures, Work-Bench and SaaSTR Fund founder Jason Lemkin all tweeted in support of the cause and offered to take steps to improve the lack of representation in their industry. But some Black entrepreneurs and investors are questioning the firms’ motivations.
7. Lili raises $10M for its freelancer banking app
CEO Lilac Bar David suggested that no traditional banking solutions are really designed to solve the problems faced by freelancers — whether they’re designers, programmers, fitness instructors, chefs or beauty professionals. She described Lili as the first “all-in-one” solution, offering both a bank account and a broader suite of financial tracking tools.
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Daily Crunch: Disney’s streaming chief departs for TikTok
TikTok enlists a big name from Disney as its new CEO, Walmart is shuttering its Jet e-commerce brand and EasyJet admits to a major data breach.
Here’s your Daily Crunch for May 19, 2020.
1. Disney streaming exec Kevin Mayer becomes TikTok’s new CEO
Mayer’s role involved overseeing Disney’s streaming strategy, including the launch of Disney+ last fall, which has already grown to more than 50 million subscribers. He was also seen as a potential successor to Disney CEO Bob Iger; instead, Disney Parks, Experiences and Products Chairman Bob Chapek was named CEO in a sudden announcement in February.
Mayer was likely an attractive choice to lead TikTok not just because of his streaming success, but also because hiring a high-profile American executive could help address politicians’ security concerns about the app’s Chinese ownership.
2. Walmart says it will discontinue Jet, which it acquired for $3B in 2016
Walmart tried to put a positive spin on the news, saying, “Due to continued strength of the Walmart.com brand, the company will discontinue Jet.com. The acquisition of Jet.com nearly four years ago was critical to accelerating our omni strategy.”
3. EasyJet says 9 million travel records taken in data breach
EasyJet, the U.K.’s largest airline, said hackers have accessed the travel details of 9 million customers. The budget airline said 2,200 customers also had their credit card details accessed in the data breach, but passport records were not accessed.
4. Where these 6 top VCs are investing in cannabis
The results paint a stunning picture of an industry on the verge of breaking away from a market correction. Our six respondents described numerous opportunities for startups and investors, but cautioned that this atmosphere will not last long. (Extra Crunch membership required.)
5. Brex brings on $150M in new cash in case of an ‘extended recession’
Where upstart companies aren’t cutting staff, they are often reducing spend — which is bad news for Brex, since it makes money on purchases made through its startup-tailored corporate card. But co-founder Henrique Dubugras seems largely unbothered on how the pandemic impacts Brex’s future.
6. Popping the hood on Vroom’s IPO filing
Yesterday afternoon, Vroom, an online car buying service, filed to go public. What does a private, car-focused e-commerce company worth $1.5 billion look like under the hood? (Extra Crunch membership required.)
7. Experience marketplace Pollen lays off 69 North America staff, furloughs 34 in UK
Founded in 2014 and previously called Verve, Pollen operates in the influencer or “word-of-mouth” marketing space. The marketplace lets friends or “members” discover and book travel, events and other experiences — and in turn helps promoters use word-of-mouth recommendations to sell tickets.
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Daily Crunch: Uber will require masks for drivers and passengers
Uber announces some COVID-19 related changes, Google’s Chrome browser is giving users a way to organize their tabs and the Senate rejects an amendment that would have raised the bar for law enforcement access to browsing data.
Here’s your Daily Crunch for May 14, 2020.
1. Here’s how your Uber ride will change, starting May 18
The changes — which include an online checklist for all rides, limits on the number of passengers in vehicles and a face mask verification feature for drivers — are designed to stop the spread of COVID-19, the company said Wednesday.
Riders and drivers, as well as delivery workers and even restaurants that use Uber Eats, will have the power to report unsafe COVID-19 behavior and give low ratings. For instance, a delivery worker can give feedback that a restaurant doesn’t have proper protocols in place, such as social distancing.
2. Google Chrome will finally help you organize your tabs
Google announced the launch of “tab groups” for the beta version of its web browser, which will allow you to organize, label and even color-code your tabs for easy access. The feature will make its way to the stable release of Chrome starting next week.
3. Senate narrowly rejects plan to require a warrant for Americans’ browsing data
Senators have narrowly rejected a bipartisan amendment that would have required the government first obtain a warrant before accessing Americans’ web browsing data. The amendment brought by Sens. Ron Wyden (D-OR) and Steve Daines (R-MT) would have forced the government to first establish probable cause (or reasonable suspicion of a crime) to obtain the warrant.
4. Kustomer acquires Reply.ai to enhance chatbots on its CRM platform
Reply.ai is a startup originally founded in Madrid that has built a code-free platform for companies to create customized chatbots to handle customer service inquiries. Its customers include Coca-Cola, Starbucks and Samsung.
5. Why we’re doubling down on cloud investments right now
Three investors at Bessemer Venture Partners argue that COVID-19 is a turning point for the cloud and cloud company founders, and that the cloud model offers businesses a promising future in the age of social distancing and beyond. (Extra Crunch membership required.)
6. Facebook, telcos to build huge subsea cable for Africa and Middle East
The project, called 2Africa, will see the companies lay cables that will stretch to 37,000km (22,990 miles) and interconnect Europe (eastward via Egypt), the Middle East (via Saudi Arabia) and 21 landings in 16 countries in Africa.
7. 7 top mobility VCs discuss COVID-19 strategies and trends
TechCrunch spoke to seven venture capitalists about how COVID-19 affected their portfolio and investment strategy, their current advice for startup founders and where they think the next hot opportunity will be. (Extra Crunch membership required.)
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: iPhone sales decline in Q1
Apple’s earnings show the impact of COVID-19, NVIDIA’s top scientist shares an open source ventilator design and Amazon anticipates big spending in the coming months.
Here’s your Daily Crunch for May 1, 2020.
1. iPhone sales are down, ahead of uncertain times for the industry
Apple device sales have taken a hit, but the company’s services are doing swell, according to its latest earnings report. The iPhone, the longtime cornerstone of the company’s hardware portfolio, hit $28.96 billion in revenue for Q2, down from $31.1 billion from this time last year. The iPad and Mac lines saw drops for the quarter, as well.
In fact, a new Canalys report suggests that smartphone sales are down 13% globally.
The mechanical ventilator design developed by NVIDIA’s Bill Daily can be assembled quickly, using off-the-shelf parts with a total cost of around $400 – making it an accessible and affordable alternative to traditional, dedicated ventilators which can cost $20,000 or more.
3. Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago
The company’s net sales were up 26% year-year-over. Of those sales, $41 billion was attributable to product sales and $33 billion to services (which includes AWS, but also streaming and other non-physical goods). CEO Jeff Bezos acknowledged the challenges the company is facing, but he also reiterated that it plans to double down on spending in Q2.
4. Walmart is piloting a pricier 2-hour ‘Express’ grocery delivery service
Walmart now hopes to capitalize on the increased demand for speedier delivery with the introduction of a new service that allows consumers to pay to get to the front of the line. The retailer confirmed today it’s launching a new Walmart Grocery service called “Express,” which promises orders in two hours or less for an upcharge of $10 on top of the usual delivery fee.
5. 5 tips for starting a business with a stranger
Co-founder and CEO Sam Pillar argues that his startup Jobber is proof that starting a company with a stranger isn’t just doable, it can even be an advantage. That’s because it allowed them to arrive at big decisions and have productive debate without the baggage and bias of a pre-existing relationship, establishing Jobber’s feedback-oriented culture. (Extra Crunch membership required.)
6. Cliqz pulls the plug on a European anti-tracking alternative to Google search
Cliqz, a Munich-based anti-tracking browser with private search baked in that has sought to offer a local alternative to Google powered by its own search index, is shutting down — claiming this arm of its business has been blindsided by the coronavirus crisis. However, the company is not closing down entirely, and a spokesman confirmed that Ghostery will continue.
7. JetBrains Academy for learning code launches for free during COVID-19 pandemic
Most online coding courses, either free or paid, essentially suggest you download a project or copy-paste code from their snippets going through their courses. Unlike JetBrains, they tend not to include Integrated Development Environments, which are more helpful in the learning process.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: AT&T CEO steps down
AT&T is getting a new boss, the first piece of Apple and Google’s COVID-19 contact tracing program should be available soon and Snap is looking to raise more debt.
Here’s your Daily Crunch for April 24, 2020.
1. Randall Stephenson to step down as AT&T chief, succeeded by COO John Stankey
A big changing of the guard is underway at one of the world’s biggest names in telecoms and media. The change is effective on June 1, and while Stephenson is retiring, he will stay on as executive chairman of AT&T until January 2021.
Stankey has held other roles at AT&T, including CEO of WarnerMedia and CEO of the AT&T Entertainment Group. His promotion suggests a continuing emphasis on the media side of the business.
2. First version of Apple and Google’s contact tracing API should be available to developers next week
The first version of Apple and Google’s jointly developed, cross-platform contact tracing API should be available to developers as of next week, according to a conversation between Apple CEO Tim Cook and European Commissioner for internal market Thierry Breton.
3. Snap looks to load up on cash in sizable debt offering
Snap’s Q1 earnings impressed investors but the company is still losing plenty of cash and it’s clear that the full impact of the digital ad market’s downturn won’t be seen until the company’s Q2 earnings. The company is now looking to raise looking to raise $750 million.
4. Google ditched tipping feature for donating money to sites
Leaked images obtained by TechCrunch reveal that Google considered and designed a feature that would let people donate money to websites to help support news publishers, bloggers and musicians. But the company ultimately scrapped the idea.
5. Seven VCs look into the future of fintech
Although it looks like the COVID-19 pandemic has clipped the tails of many unicorns, this era won’t last forever. Investors expect the domestic and global economy to recover, perhaps as soon as late 2020 or early 2021. (Extra Crunch membership required.)
6. House passes COVID-19 relief package to replenish PPP loan funding
The interim legislation will allocate $310 billion to replenish the SBA’s Paycheck Protection Program (PPP), $75 billion for hospitals and $25 billion for COVID-19 testing. President Trump previously expressed his approval of the bill, as well as his intention to sign it and make the funds available as quickly as possible.
7. After 160,000 accounts are compromised, Nintendo shuts down NNID logins
Nintendo confirmed earlier reports of account breaches dating back over the past few weeks. The gaming giant issued an update (via Nintendo Japan) noting that around 160,000 Nintendo Accounts were impacted, with accounts being used to purchase digital items without the owner’s consent.
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Daily Crunch: There’s a major iPhone email security bug
Apple plans to fix an iPhone email security bug, Magic Leap cuts 1,000 staffers and Google is requiring all advertisers to identify themselves.
Here’s your Daily Crunch for April 23, 2020.
1. A new iPhone email security bug may let hackers steal private data
According to security firm ZecOps, the bug is in the iPhone’s default Mail app. By sending a specially crafted email to the victim’s device, an attacker can overrun the device’s memory, allowing the attacker to remotely run malicious code to steal data from the device.
The bug dates back to iOS 6, but on the latest version of iOS 13, it doesn’t require any user interaction. Motherboard, which first reported the story, said the bug has been fixed in a beta version of the software, and a fix will be rolled out in an upcoming update.
2. Magic Leap reportedly slashes 1,000 jobs and steps away from consumer plans
Magic Leap announced today that it has laid off a “number of employees” and is backing away from its consumer ambitions to focus more heavily on selling to enterprise customers. Bloomberg reports that half of the company’s employees were laid off, roughly 1,000 in total.
3. Google is extending identity verification requirements to all advertisers
The identity verification feature was first introduced in 2018, requiring political advertisers to provide documents to verify their identity, which is then displayed as part of the ad itself. Moving forward, Google says it will make identity verification a required part of the ad buying process, regardless of topic.
4. JustEat Takeaway $7.6B merger approved, pair pick up $756M in new funding
The UK’s competition watchdog officially gave a nod to the merger between UK’s JustEat and the Netherlands’ Takeaway.com. And the merged company announced that it had raised an additional €700 million ($756 million) in funding.
5. Cowboy VC’s Aileen Lee: Your coronavirus scenario planning should be more conservative
Lee and her fellow Cowboy Ventures partner Ted Wang joined us for our first episode of Extra Crunch Live, a virtual speaker series for Extra Crunch members. They covered a wide range of topics, including PPP loans, advice for business leaders around layoffs, the right time to seek funding and the right firms from which to seek that funding, how to pitch during a downturn and which sectors in particular Cowboy is interested in financing right now. (Extra Crunch membership required.)
6. Boston Dynamics’ Spot finds a new career in telemedicine amid COVID-19 pandemic
For two weeks, Boston Dynamics’ Spot robot has been walking the halls of local hospital Brigham and Women’s. Telemedicine wasn’t generally listed as one of the primary applications for the company’s first commercial product, but Boston Dynamics is only one in a long list of tech companies that’s found itself shifting on the fly as the COVID-19 pandemic has become an all-consuming part of life.
7. Bill Gurley is stepping away from an active role at Benchmark, 21 years after joining the firm
Gurley’s transition out of the firm won’t surprise many. Benchmark — which has always run a fairly small operation — has routinely groomed new investors as veterans of the firm have moved on.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: Verizon buys videoconferencing company BlueJeans
Verizon makes a move into videoconferencing, Jeff Bezos discusses a plan to test Amazon employees for COVID-19 and Apple is reportedly working on new over-ear headphones. Here’s your Daily Crunch for April 16, 2020.
1. Verizon is buying b2b videoconferencing firm BlueJeans
TechCrunch’s parent company is buying veteran videoconferencing platform BlueJeans Network — shelling out less than $500 million on the acquisition, according to the Wall Street Journal. (A Verizon spokeswoman confirmed that the price-tag is sub-$500 million but did not provide a more exact figure.)
“Customers will benefit from a BlueJeans enterprise-grade video experience on Verizon’s high-performance global networks,” the company said in a statement. “In addition, the platform will be deeply integrated into Verizon’s 5G product roadmap, providing secure and real-time engagement solutions for high growth areas such as telemedicine, distance learning and field service work.”
2. Bezos details Amazon’s COVID-19 testing plans in shareholder letter
Jeff Bezos dropped Amazon’s annual shareholder letter today, which includes more information on the Amazon-built testing labs that were announced last week. Bezos said the company is considering “regular testing of all Amazonians, including those showing no symptoms.”
3. Apple said to be working on modular, high-end, noise-cancelling over-ear headphones
Bloomberg reports that Apple is developing its own competitors to popular over-ear noise-cancelling headphones like those made by Bose and Sony, but with similar technology to that used in the AirPod and AirPod Pro lines.
4. Unicorn layoffs keep piling up as the economy gets worse
Yesterday, news broke that a trio of well-known, heavily-backed unicorns — Carta, Zume and Opendoor — were cutting staff.
5. Punitive liquidation preferences return to VC — don’t do it
VC Pascal Levensohn says that several of his current portfolio companies have recently proposed “emergency bridge” convertible note financings of between $5 million and $15 million, each featuring a painful feature for non-participants. (Extra Crunch membership required.)
6. DoD Inspector General report finds everything was basically hunky-dory with JEDI cloud contract bid
While controversy has dogged the $10 billion, decade-long JEDI contract since its earliest days, a report by the Department of Defense’s Inspector General’s Office concluded that the contract procurement process was fair and legal.
7. Google Play adds a ‘Teacher Approved’ section to its app store
All apps found in this section are vetted by a panel of reviewers, including more than 200 teachers across the U.S., and meet Google’s existing requirements (around government regulation and advertising) for its “Designed for Families” program.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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Daily Crunch: Quibi finally launches its mobile streaming app
Quibi launches its mobile streaming service, Apple sources 20 million protective masks and Red Hat announces a new CEO. Here’s your Daily Crunch for April 6, 2020.
1. Quibi launches its mobile streaming service in the middle of the quarantine era
The much-hyped mobile app promising to deliver “quick bites” of video entertainment is finally here. The company has been in the headlines for more than two years, thanks to the involvement of founder Jeffrey Katzenberg (who previously co-founded DreamWorks Animation) and CEO Meg Whitman (previously the CEO of eBay and Hewlett Packard Enterprise), not to mention $1.75 billion in funding.
Judging from a few hours of exploration, the app is as slick as promised, with impressive Turnstyle technology for switching between portrait and landscape viewing. What’s missing so far, however, is any real sense of creative breakthrough.
2. Apple has sourced over 20 million protective masks, now building and shipping face shields
The company is working with governments around the world to distribute its supply of face masks to where it’s needed most. Meanwhile, the first delivery of Apple face shields went out to Kaiser hospital facilities in the Santa Clara valley earlier this week, according to CEO Tim Cook.
3. Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM
Cormier would seem to be a logical choice to run Red Hat, having been with the company since 2001. He joined as its VP of engineering and has seen the company grow from a small startup to a multi-billion dollar company.
Jon Evans argues that GrubHub (which also owns Seamless) is hurting, not helping, the restaurants that it pretends it’s trying to support.
5. Pandemic puts the brakes on micromobility
Ride Report creates software that enables cities to better work with micro-mobility operators and has a bird’s-eye view on the industry. In a conversation with TechCrunch, CEO William Henderson outlined what we can expect for micro-mobility operators during the pandemic and once it’s over. (Extra Crunch membership required.)
6. Open banking fintech Yapily raises $13M Series A
Founded in mid-2017 by ex-Goldman Sachs employee Stefano Vaccino, Yapily’s open banking platform makes it easier for various service providers to connect to banks. Specifically, it provides a way to retrieve financial data and initiate payments via a “single secure API” that in turn connects to each supported bank’s open API.
7. This week’s TechCrunch podcasts
The latest full-length episode of Equity discusses the tremendous growth of Zoom and how that’s cast a spotlight on the videoconferencing app’s security flaws, while the Monday news roundup looks for positive signs in startup funding. And on Original Content, we review the first season of “Star Trek: Picard” and the extremely unsettling Netflix film “The Platform.”
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
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