Tag: San Francisco
Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform
Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto. Founded in 2018, the SF-based startup’s platform is designed to be used as a payment tool around the world for daily-use transactions. The company…
Read More
Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank
Brex is the latest fintech to apply for a bank charter. The fast-growing company, which sells a credit card tailored for startups with Emigrant Bank currently acting as the issuer, announced Friday that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of…
Read More
MetroMile says a website bug let a hacker obtain driver’s license numbers
Car insurance startup MetroMile said it has fixed a security flaw on its website that allowed a hacker to obtain driver’s license numbers. The San Francisco-based insurance startup disclosed the security breach in its latest 8-K filing with the U.S. Securities and Exchange Commission. MetroMile said a bug in the…
Read More
Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M
Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It plans to invest…
Read More
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company…
Read More
Revel’s electric mopeds come to San Francisco amid growing safety concerns
Despite ongoing safety concerns about its platform, Revel is expanding into San Francisco. As The Verge notes, Monday's announcement is not the electric moped rental company's first expansion into the Bay Area; it also operates in Berkeley and across… Source
Read More