Fintech startup Railsbank gets funds to develop credit card service

Railsbank raises $70 million to improve its API The proliferation of the online approach for money transactions is making the financial technology segment more and more in demand. New startups emerge almost every day, and the competition is getting tougher. A huge number of banks, companies and retailers are switching to using special services for…

Chinese startup DeepRoute.ai received $300 million to develop autonomous transportation

Developments by the startup DeepRoute.ai are of interest to Alibaba Chinese Internet giant Alibaba is interested in local startup DeepRoute.ai, which produces autonomous vehicles. Jack Ma's corporation has invested a large sum in the developer. DeepRoute.ai held another round of Series B financing, which resulted in the startup receiving more than $300 million. The funds…

Startup funding is booming, as it was in 1999

Why startup funding is increasing Analysts researched the technology market and found that the amount of funding for startups last year was at the same level as it had been since 1999. According to them, 2020 was a "black swan" year for business projects, and the pace of investment began to increase. This trend has…

What makes American startup Figma unique

How the startup Figma and its service for designers came to be American startup Figma was valued at $10 billion after it attracted $200 million in investments. Its product is the most in-demand for graphic designers - the service is designed for prototyping and developing interfaces. In addition, the platform allows for collaborative work. It…

The world’ richest man Jeff Bezos became an investor in Altos Labs startup

What makes Altos Labs unique to humanity The owner of the Internet giant Amazon, Jeff Bezos, has invested in the startup Altos Labs. The latter is engaged in the search for methods to prolong human life. For the businessman, this is not the first investment in the sphere of longevity and health; previously, he invested…

Oyo Hotels will use cloud solutions from Microsoft

How Indian startup Oyo Hotels achieved success Hospitality startup Oyo Hotels from India has signed a long-term partnership agreement with the U.S. corporation Microsoft. According to the agreement, the Indian company will use the Azure cloud platform to manage its facilities. In addition, Oyo Hotels is interested in Microsoft developments based on artificial intelligence technology.…

Silicon Valley in Sweden: an overview of the development of the country’s technology market

Sweden's Silicon Valley: the success of local startups and the role of the government Klarna, a Swedish fintech company, has made a splash on the European market. It had the largest listing in the region, and the startup's founder believes that government support played an important role in its success. Sebastian Siemiatkowski says that if…

Startup Revolut became the most expensive fintech project in the UK

Startup Revolut received $800 million in funding British startup Revolut held another round of financing, which resulted in it becoming the most expensive in the country. The company received investments of $800 million, and its valuation rose to $33 billion. The startup showed a six-fold increase in value since the previous round. This interest in…

U.S. Internet giant Microsoft announced a long-term partnership with startup Rubrik

Unicorn startup Rubrik received a large investment from Microsoft Corporation Microsoft has invested in Rubrik, a startup that manages and protects cloud data. According to the Internet giant, the move will improve user protection and provide users with more products for secure activities. In addition, cloud solutions are gaining in relevance, and carry enormous opportunities…

Startup Mollie received an investment of $800 million

Mollie became the third largest fintech unicorn in Europe The Mollie payment project held another round of financing, as a result of which it received $800 million. Thanks to this, its valuation rose to $6.5 billion, making the startup the third largest unicorn in the fintech sector in Europe. Mollie was founded in Amsterdam by…

25.10.20210Comments

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