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Loan refinancer and BitLicensee SoFi is clear to launch a national bank in the US

From Cointelegraph: In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the U.S. Treasury that regulates federal banks throughout the country. SoFi, which stands for Social Finance, is a[…]

QLess Courts Retailers With Line Management Software

Pasadena-based QLess, which develops software to help manage lines and appointments, is courting retailers as they look to how to best adapt to the COVID-19 era. The company said its software eliminates the need for physical lineups, enabling mobile or home waiting for retailers. The company says it enables virtual check-ins through a dedicated online portal[…]

Investor Cohort Funding Through The Pandemic

From Crunchbase News: Alarm bells were sounded in March this year that companies needed to get ready for a changed business environment and prepare for an 18-month runway, with no expectations of being able to raise funding. It became apparent quite quickly that while some companies had their markets wiped out overnight (especially in travel, recruiting and[…]

Stripe’s Valuation Stretches To $35B With New $250M Investment

From Crunchbase News: Payment processing startup Stripe raised $250 million in a new round of funding, bringing the company’s valuation to $35 billion, according to the Wall Street Journal. The company’s CEO Patrick Collison commented on the news on Twitter, saying that there is “more in the works,” and that the “[I]nternet economy is still in its early innings.” Stripe, based[…]

Startups To Watch: Cobble, Oula And More

From Crunchbase News: When it rains, it pours, and this week was a good example. We saw lots of seed rounds for some interesting startups. We couldn’t include everyone, but here is a sampling of what we saw. Cobble Cobble app example When you first start dating someone, everything is fresh and new. You are[…]

These are the biggest winners and losers in Softbank’s portfolio

From b2b Thinknum:  SoftBank ($TYO:9984) has seen it all. Perhaps solely responsible for the trend of inflating loss leaders to become decacorns, SoftBank has had an undeniable influence on the behaviors of VCs and investors across the globe. With a hand in the pocket of some of the largest tech startups in the world, SoftBank[…]

Transforming Latin American Corner Stores: Chiper Carries In $12M Series A

From Crunchbase news: Chiper has been amassing a network of digitized corner stores in Latin America for the past two years. Now armed with $12 million in Series A funding, the Colombia-based e-commerce platform for independent merchants is poised to capture even more corner-store retailers. Subscribe to the Crunchbase Daily Investors in the round included WIND Ventures, Monashees and Kaszek Ventures.[…]

Unicorn Update: New Research & IPOs – Just, DJI, Affirm, Dataminr, SpaceX, Impossible Foods and more

From Gracia Group: SPACEX SpaceX gets FCC approval to bid in $16 billion rural-broadband auction https://arstechnica.com/tech-policy/2020/10/spacex-gets-fcc-approval-to-bid-in-16-billion-rural-broadband-auction/ IMPOSSIBLE FOODS “Impossible Foods Is Gaining on Beyond Meat. What That Means for the Stock” https://www.barrons.com/articles/impossible-foods-gaining-beyond-meat-room-for-more-than-one-winner-51602685246 AFFIRM “Max Levchin’s Affirm Confidentially Files for U.S. IPO” https://www.reuters.com/article/us-affirm-ipo-idUSKBN26T389 BETTER “Better.com in Talks to Raise $100M at $4B Valuation: Report” https://www.housingwire.com/articles/better-com-in-talks-to-raise-100m-at-4b-valuation-report/ CLOVER[…]

Ro: $200 Million Funding, $250 Million Annual Sales, $1.5 Billion Valuation

From Pulse 2.0: Ro has announced that it has raised $200 million in funding at a $1.5 billion valuation. Plus the company also revealed that it is now generating $250 million in annual revenue without taking insurance. Ro has announced that it has raised a $200 million Series C round of funding led by existing[…]

Calm said to seek $150M at $2.2B valuation

From Crunchbase News: Popular meditation app-maker Calm is reportedly seeking to raise $150 million in fresh funding at a valuation of around $2.2 billion. Founded in 2012, the San Francisco-based company previously raised at least $143 million in known funding, per Crunchbase data, from backers including Insight Partners, Lightspeed Venture Partners and TPG. The company’s flagship app has had over 80 million downloads[…]

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