Tag: Bank
Former Lime exec launches Cabana, a company that merges #vanlife and hotels
Is it glamping on wheels? Hotel #vanlife? It’s Cabana, a new startup from a former Lime executive that’s bringing tricked out vans with all the amenities of a Holiday Inn hotel room to cities on the West Coast starting in Seattle. “Because of Lime I spent 54 consecutive weeks on…
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Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million
When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago, the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S. in New York City. Fast forward four…
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70% of Indian startups will run out of money in less than 3 months
More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in…
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Cruise lays off 8% of workforce amid COVID-19, puts resources towards engineering
Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees…
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Vista Partners founder calls for a fintech revolution to help pandemic-hit, minority-owned small businesses
The head of what is arguably private equity’s most successful technology investment firm — Vista Equity Partners — made a rare appearance on Meet The Press to discuss the steps that the country needs to take to help minority-owned businesses recover from the economic collapse caused by the COVID-19 epidemic.…
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Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps
A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment startups and established financial institutions. Okra has raised $1 million in pre-seed funding from TLcom Capital —…
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