News
Stay up-to-date with the latest news and developments in the world of startups and technology. Our News category features daily updates, company highlights, and essential information you need to stay informed about global innovation of the startup world.
- Jul- 2021 -16 July
Mercuryo raises funds for crypto-focused, cross-border payments
Mercuryo raises funds worth $7.5M in a recent round of funding. It is a London-based startup that has built a cross-border payments network. Mercuryo began onboarding customers at the beginning of 2019 and has seen impressive growth since with annual…
- 15 July
Pleo becomes Denmark’s eighth unicorn
Fintech Pleo becomes the eighth unicorn after raising $150M at a $1.7bn valuation. Thus, giving Denmark its eighth unicorn. What it also means is that in just over six years, Pleo has reached the milestone valuation faster than any other…
- 14 July
Visa to buy Tink, a Swedish fintech for €1.8bn
Visa announced that it is going to buy the Swedish open banking platform Tink for €1.8bn. This will be a landmark acquisition for European tech and open banking. This could be the third-largest M&A of a European VC-backed fintech, according…
- 13 July
Planet Lab Enters Merger Agreement of $2.8bn
Planet Lab merger has garnered a lot of publicity recently. the company becomes public by recently entering a merger agreement. It is a provider of daily data and insights about Earth. The company has entered into an agreement with dMY…
- 12 July
Mmhmm - the startup, raises $100M
Mmhmm, the startup, has managed to raise funding worth $100M recently. It’s Phil Libin’s second act after Evernote. Mmhmm was born during the Covid-19 pandemic. Therefore, it provides improved video chat tools that include automatic background removal and advanced presentation…
- 9 July
Gyeonggi-do Online Meet-Up Ends Successfully - France x Pangyo
Gyeonggi-do online meet-up was held with France to promote the value of Pangyo Techno Valley and the current status of businesses too.
- 8 July
Volocopter Flies at Paris Air Forum
For the first time, Volocopter flies at Paris Air Forum. The pioneer of urban air mobility (UAM), Volocopter, flew their Volocopter 2X electric vertical take-off and landing (eVTOL) aircraft at Le Bourget Airfield during the Paris Air Forum. More about the…
- 7 July
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- 6 July
SHORT SHOTS - Aihuishou in NYSE, Chinese brands sell big in 618 festival
Aihuishou debuts, Huitongda to come Auihuishou is a used electronic reseller store. it has debuted on the New York Stock Exchange on June 18. Aihuishou is backed by JD.com. It saw its shares jumping up to 23% on the first…
- 5 July
Orbion Space Technology raises $20M Series B
Orbion Space Technology is a Michigan-based manufacturer of in-space plasma propulsion systems. It has raised $20 million in a Series B funding round. The company says that it will use it to scale the production capacity of its Aurora propulsion…
- 2 July
Uberall acquired MomentFeed to scale up its services
Uberall acquired MomentFeed, a location marketing company based out of Los Angeles, to continue scaling its business. Uberall works with retailers and other operators to help them update and provide more accurate information about themselves across other location marketing platforms.…
- 1 July
FamPay, a fintech in India, raises $38 million
Fampay has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round,…
- Jun- 2021 -30 June
Studely, offers 100% digital service to help students study in France
Studely is the first financial service dedicated to the needs of international students. Thanks to Studely's teams, all students benefit from a personalized support in the administrative procedures to enable them to study in France.Studely's commitment is to offer better…
- 30 June
SpaceX vs China: The Quest for Satellite Internet
Its SpaceX vs China when we come to the up and coming 6G network technology. As SpaceX has launched Starlink, China also gets ready to send satellites with the USP to provide the fastest internet on Earth yet.
- 29 June
Klarna becomes the second most valuable fintech
Klarna just became the second most valuable fintech startup in the world. It had raised $639m in fresh money at a $45.6bn post-money valuation.
- 28 June
Manbang seeks to raise up to $1.6 billion in US IPO
Manbang is the Chinese name of Full Truck Alliance Co. It is an Uber-like trucking startup. It is looking to raise as much as $1.57 billion in an initial public offering. This would make it one of the biggest U.S.…
- 27 June
SoftBank invests in Betterfly in a Funding Round
SoftBank Group Corp invests in Betterfly. It is a major investor in the Latin American startup scene. Recently, it has made its first investment into a Chile-based health company, Betterfly. It was worth a $60 million funding round. More on…
- 26 June
Apna raises funds worth $70 million
Indian startup Apna raises funds in order to help daily-workers in India to secure jobs. Many people have lost their jobs during the pandemic and India is no different. With millions of people losing their employment, Several economic activities have…
- 23 June
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi files for US IPO. It plans to trade on either the New York Stock Exchange or Nasdaq.