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FullStory raises $103M at a $1.8B valuation to combat rage clicks on websites and apps

Even with all the years of work that have been put into improving how screen-based interfaces work, our experiences with websites, mobile apps, and any other interactive service you might use still often come up short: we can’t find what we want, we’re bombarded with exactly what we don’t need, or the flow is just buggy in one way or another. Now, FullStory, one of the startups that’s built a platform to identify when all of the above happens and provide suggestions to publishers for fixing it —...
Tags: Ecommerce, Europe, Enterprise, Funding, Tech, Atlanta, Analytics, Asia Pacific, Salesforce, Jetblue, Permira, Klarna, Voigt, Peloton, Digital Experience, Glynn Capital


Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation

These past few years have seen the emergence of buy now, pay later services worldwide, with leading players raising buttloads of cash to serve an insatiable young adult population who don’t fancy credit cards or paying interest. In what seems to be a consolidation of some sorts, fintech juggernaut Square acquired Australian buy now, pay later giant Afterpay in a mouthwatering $29 billion deal this week. The deal is a sign of things to come for established markets like Europe and the U.S. an...
Tags: Startups, TC, Europe, Africa, Tech, GCC, Middle East, Dubai, Square, Arab, Global Founders Capital, Namshi, Klarna, Tamara, Tabby, Mena


What Square’s acquisition of Afterpay means for startups

On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means for the startup market. For context, the Square deal follows a ton of money and interest flowing into the BNPL market. Just this year, VCs have invested in companies like Alma ($59.4 million, January 2021), Scalapay ($48 million,...
Tags: Apple, Tech, Paypal, Square, Alex, Bain Capital Ventures, Klarna, Alma, Matthew Harris, Jake Gibson, Fika Ventures, Commerce Ventures, Afterpay, BNPL, TX Zhuo, Scalapay


Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia

According to the World Bank, it is more expensive to send money to sub-Saharan African than to any region in the world . It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher than the global average of 6.8%. There’s much talk around sending money from Africa to the West, which has led to many startups using traditional (fiat) and non-traditional (crypto) means to facilitate cross-border payments betwe...
Tags: Asia, China, Singapore, Africa, Tech, West, Crypto, Kenya, World Bank, Vietnam, Eddie, Latin America, Klarna, East Africa, Pesa, Africa China


The next generation of global payments: Afterpay + Square

Dana Stalder Contributor Share on Twitter Dana Stalder is a partner at Matrix Partners. The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. More posts by this contributor Fintechs could see $100 billion of liquidity in 2021 2019 saw a stampede of fintech unicorns ...
Tags: Apple, Google, Credit Cards, Startups, TC, Column, Australia, Opinion, Finance, Tech, Paypal, Sydney, M&a, Square, Mobile Payments, Nfc


Why Square is shelling out $29B to snag BNPL player Afterpay

Shares of Square are up this morning after the company announced its second-quarter earnings and that it will buy Afterpay, an Australian buy now, pay later (BNPL) player in a $29 billion deal. As TechCrunch reported this morning, Afterpay shareholders will receive 0.375 shares of Square in exchange for their existing equity. Shares of Afterpay are sharply higher after the deal was announced thanks to its implied premium, while shares of Square are up 7% in early-morning trading. The Exchange e...
Tags: Apple, Fundings & Exits, Startups, TC, Tech, Paypal, United States, Square, Online Payments, Cupertino, Affirm, Klarna, Financial Technology, The Exchange, Cash App, Online Purchases


Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal

In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in the first quarter of 2022, contingent upon certain closing conditions. It values Afterpay at more than 30% premium to its latest closing price of A$96.66. Square co-founder and CEO Ja...
Tags: Tech, Paypal, Square, Jack Dorsey, Max Levchin, Fintech, Klarna, Nick Molnar, Afterpay, Anthony Eisen, BNPL, Klarna Affirm, Cash App ecosystems Square, Shareholders of Afterpay


Livestream e-commerce: Why companies and brands need to tune in

Alanna Gregory Contributor Share on Twitter Alanna Gregory is a marketing executive and is currently senior global director at Afterpay. Previously, she was VP at Hairstory, the founder and CEO of VIVE Lifestyle, and was an AVP at Barclays. More posts by this contributor E-commerce roll-ups are the next wave of disruption in consumer packaged goods What comes to mind when you think of livestreaming? I...
Tags: Social, Startups, Facebook, Ecommerce, Column, Instagram, China, Marketing, Social Media, Tech, Walmart, Barclays, Livestream, Livestreaming, Twitch, Istanbul


Sweden's Klarna Buys Influencer Marketing Platform APPRL

STOCKHOLM (Reuters) - Swedish payments firm Klarna said on Tuesday it had acquired influencer marketing software firm APPRL as it looked to tap...
Tags: Sweden, Stockholm, Klarna, Reuters, APPRL


Checkout is the key to frictionless B2B e-commerce

Andrew Steele Contributor Share on Twitter Andrew Steele is an investor at Activant Capital. He focuses on fintech and e-commerce infrastructure and is based in New York. COVID-19 cemented e-commerce into everyone’s daily habits in 2020, and as we look ahead, B2B e-commerce is quickly becoming the next frontier for founders and investors. The pandemic pushed businesses online, and the emergence of B2B marketplaces and e-commer...
Tags: Ecommerce, Column, New York, Finance, Tech, E-commerce, Paypal, Payments, Online Payments, Api, Financial Services, Klarna, John Deere, Resolve, Rho, Andrew Steele


WhenThen’s no-code payments platform attracts $6M from European VCs Stride and Cavalry

The payments space – amazingly – remains up for grabs for startups. Yes dear reader, despite the success of Stripe, there seems to be a new payments startup virtually every other day. It’s a mess out there! The accelerated growth of e-commerce due to the pandemic means payments are now a booming space. And here comes another one, with a twist. WhenThen has built a no-code payment operations platform that, they claim, streamlines the payment processes “of merchants of any kind”.  It says its plat...
Tags: TC, Europe, Money, Finance, Entrepreneur, Tech, E-commerce, Ceo, Paypal, Mobile Payments, Online Payments, Dublin, Financial Services, Stripe, Adyen, Bitpay


Weekend reading: Turning on the triple-lock

What caught my eye this week. I was a big fan of real-time strategy computer games in my frugal but otherwise misspent youth. You know – those games in which you’d martial digital resources and deploy armies to expand your burgeoning industrial-military complex (or gold based goblin empire). At their best, real-time strategy games gave you a glimpse of what it was like to be Napoleon or Marcus Aurelius – commanding legions! At their worst, they were invariably broken by glitches that threw th...
Tags: Apple, Google, Amazon, Hong Kong, UK, England, Yahoo, Marketing, US, Bloomberg, Bbc, David Willetts, Natwest, Office for Budget Responsibility, State Pension, Cnbc


The price differential for engineers is declining

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. The whole crew was here this week, with Danny and Natasha and Alex  together with Grace and Chris to sort through a very, very busy week. Yep, somehow it is Friday again which means it’s time for our weekly news roundup. Here’s what we got to in our short window of time: The Jianzhi Education IPO: We have questions. The Chinese edtech company is looking to list in...
Tags: Apple, TC, China, Ipo, India, Tech, Artificial Intelligence, United States, Venture Capital, Reddit, Ai, Zomato, Equity, Alex, Edtech, Fintech


A Gen Z-led business created an invoicing system already tested by Nike and Fenty Beauty. Read the pitch deck it used to raise over $1 million.

Twenty-four-year old Cofounder and CMO Tomi Aiyeola (L); CEO Lotanna Ezeike (C), and 25-year-old CTO Ahmad Karkouti (R) are the team currently leading XPO. XPO Lotanna Ezeike is the CEO and cofounder of invoicing service XPO, which aims to help content creators. XPO raised more than $1 million in seed funding before officially launching its product. Ezeike shares the pitch deck he is using to lure investors and explains why bright colors and emojis helped his presentation. See more stor...
Tags: Google, Small Business, Trends, Tech, CMO, Nike, C, Features, Barclays, Fintech, Cto, Klarna, Voc, University of Leicester, R, L


How to land a job at KKR

Drew Angerer/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Everything you need to know if you want to get hired as a junior investor at private-equity giant KKR. New, smaller hedge funds are thriving this year. Here's why. We've got an update on Merrill Lynch's advisor training program. Insider.com update: Newsletters are now coming from our new domain, @insider.com. Also, a friendly reminder to ...
Tags: Apple, Hollywood, Stanford, Trends, Paypal, Nasa, Credit Suisse, Merrill Lynch, KKR, Columbia, Klarna, Merrill, Laura Anderson, David M Benett Getty, Marc Rowan, Brian Ach


What impact will Apple’s buy now, pay later push have on startups?

Bloomberg broke news earlier this week that Apple, the consumer hardware giant with a rising services focus, is building a buy now, pay later (BNPL) service that will integrate with its Apple Pay system. The news sent shares of Affirm down just over 10% by the end of the day, and it shed 2.5% of its value yesterday. It’s off a little more than 61% from the highs it set after debuting earlier this year. In light of information that Apple could cut into Affirm’s business, investors decided the for...
Tags: Apple, Fundings & Exits, Startups, Tech, Bloomberg, United States, Affirm, Exchange, Klarna, The Exchange, Afterpay, BNPL, Klarna Affirm, EC Newsletter, EC Fintech


Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services superapp

The fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money. In the latest development, Revolut — the London-based financial “superapp” that provides banking, investing, currency transfer and other money management services to some 16 million users globally — this morning confirmed that it has raised $800 million. The company said that this Series E round of funding values Revolut at $33 billion. This makes Revolut t...
Tags: TC, Europe, UK, London, Sweden, India, Softbank, US, Tech, Revolut, Klarna, Nik, Nikolay, Scott Shleifer, SoftBank Vision Fund, SoftBank Investment Advisers


Accounting firm Proper banks $9M Series A to automate property management

Proper, an automated accounting and bookkeeping service for property managers, announced Wednesday it raised $9 million in Series A funding in a round led by QED. Existing investors MetaProp, Expa and Bling Capital also participated in the round, which gives the San Francisco-based proptech company a total amount raised of $13.8 million. The company brought in $4.8 million of seed funding last August. CEO Mark Rojas, whose background is in product development, founded Proper in 2017 after spendi...
Tags: Startups, TC, Real Estate, Funding, San Francisco, QED Investors, Expa, Klarna, Rojas, MetaProp, Risley, Proper, Realpage, Recent Funding, Bling Capital, MetaProp Expa


Apple will launch its own 'buy now, pay later' scheme with Goldman Sachs, a report says

Apple CEO Tim Cook (left) and Goldman Sachs CEO David Solomon. James Devaney/Michael Kovac/Getty Images Apple and Goldman Sachs are launching a "buy now, pay later" service, sources told Bloomberg. Apple Pay Later will let you pay for products over several months, sources said. It will be available on any credit card connected to Apple Pay, the sources said. See more stories on Insider's business page. Apple is teaming up with Goldman Sachs to launch its own "buy now, pay later" servic...
Tags: Apple, Trends, Bloomberg, Tim Cook, Goldman Sachs, Goldman, Klarna, Bloomberg Apple, Bloomberg Users, Bloomberg Read, Bloomberg They, Apple Card, Kate Duffy, Bloomberg Insider


Fintech startups in Europe raised $17 billion in 2021. See 14 of the pitch decks they used to land millions from VCs.

Marshmallow founders Alexander and Oliver Kent Braham raised $30 million earlier this year. Marshmallow Fintech and insurance startups in Europe have raised $17 billion in a record year for investment. Insider has reported extensively on both sectors as investor appetite soared. These pitch decks reveal how 14 different startups pitched their visions and products to investors. See more stories on Insider's business page. Financial services and insurance startups are the crown jewels of...
Tags: Startups, Spotify, Europe, UK, Germany, Softbank, US, Trends, Insurance, Venture Capital, Tencent, Goldman Sachs, Alan, Fintech, DST Global, Klarna


Dovetail, the venture studio that has worked with startups like Afterpay, is raising a new fund

Dovetail co-founders Ash Fogelberg and Nick Frandsen Based in Sydney and Auckland, Dovetail is a full-service venture studio that works closely with founders who have a great idea, but may lack technical backgrounds. Dovetail helps them build companies from the ground up, preparing them for growth and more funding. Founded in 2014, Dovetail’s success stories include Afterpay, the Melbourne-headquartered unicorn that is one of the highest-profile players in the buy now, play later space, along...
Tags: Fundings & Exits, Startups, TC, Australia, Tech, Sydney, New Zealand, Venture Capital, Fund, Melbourne, North America, Auckland, Klarna, Frandsen, National disability insurance scheme, Nick Molnar


Europe's hottest fintech startups raised $17 billion in 2021. See 14 of the pitch decks they used to land millions from VCs

Marshmallow founders Alexander and Oliver Kent Braham raised $30 million earlier this year. Marshmallow Fintech and insurance startups in Europe have raised $17 billion in a record year for investment. Insider has reported extensively on both sectors as investor appetite soared. These pitch decks reveal how 14 different startups pitched their visions and products to investors. See more stories on Insider's business page. Financial services and insurance startups are the crown jewels of...
Tags: Startups, Spotify, Europe, UK, Germany, Softbank, US, Trends, Insurance, Venture Capital, Tencent, Goldman Sachs, Alan, Fintech, DST Global, Klarna


Swedish Watchdog to Investigate Klarna for Bank Secrecy Breach

STOCKHOLM (Reuters) - Sweden's financial watchdog said on Monday it was investigating payments firm Klarna over a potential breach of banking...
Tags: Stockholm, Klarna, Reuters Sweden


Extra Crunch roundup: influencer marketing 101, spotting future unicorns, Apple AirTags teardown

With the right message, even a small startup can connect with established and emerging stars on TikTok, Instagram and YouTube who will promote your products and services — as long as your marketing team understands the influencer marketplace. Creators have a wide variety of brands and revenue channels to choose from, but marketers who understand how to court these influencers can make inroads no matter the size of their budget. Although brand partnerships are still the top source of revenue for ...
Tags: Apple, Startups, TC, Transportation, Education, California, Entrepreneurship, US, Tech, Diversity, Joe Biden, Iran, Artificial Intelligence, Rebecca, United States, Venture Capital


Nylas, maker of APIs to integrate email and other productivity tools, raises $120M, passes 40k developers

Companies like Stripe and Twilio have put APIs front and center as an effective way to integrate complex functionality that may not be core to your own technology stack but a necessary part of your wider business. Today, a company that has taken that model to create an effective way to integrate email, calendars and other tools into other apps using APIs is announcing a big round of funding to expand its business. Nylas, which describes itself as a communications API platform — enabling more aut...
Tags: Google, TC, Tech, Tony Fadell, Twilio, Citi Ventures, Klarna, Sebastian Siemiatkowski, John Collison, Patrick Collison, Nylas, Gleb Polyakov, Curtius, John Curtius


Broke? Think long and hard before using buy-now-pay-later apps

Whether you use Klarna all the time or have barely heard of it, it’s time to start paying attention: the buy-now-pay-later app has just become the biggest private fintech company in Europe. Klarna has completed a new round of fundraising, valuing it at US$46 billion (£33 billion). That’s four times what it was worth last September, and on a par with fellow Swedish tech giant Spotify. Klarna offers interest-free credit on purchases with participating retailers, including Decathlon, Desigual, JD S...
Tags: Startups, US, Klarna, Hard Fork, Spotify Klarna, Europe Klarna, Next Featured


Extra Crunch roundup: TC Mobility recaps, Nubank EC-1, farewell to browser cookies

What, exactly, are investors looking for? Early-stage founders, usually first-timers, often tie themselves in knots as they try to project the qualities they hope investors are seeking. In reality, few entrepreneurs have the acting skills required to convince someone that they’re patient, dedicated or hard-working. Johan Brenner, general partner at Creandum, was an early backer of Klarna, Spotify and several other European startups. Over the last two decades, he’s identified five key traits shar...
Tags: Apple, Google, Spotify, China, US, Toronto, Tech, Walmart, SEC, EC, Latin America, Nubank, David Velez, Creandum, Cto, Sequoia


Mapping out all the recent key Credit Suisse departures

"Bitcoin Bull" by Trevor Jones. Trevor Jones Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:We've got a running list of all the recent departures at Credit Suisse, from executives to top traders.Maplelane, one the hedge funds impacted by the GameStop trading frenzy, took a dip in May. Buy now, pay later is one of the hottest trends in payments, but banks are looking to compete with the fintechs by offering merchants an...
Tags: US, Trends, Credit Suisse, Reddit, Ubs, Miami, Accenture, Morgan Stanley, Latin America, SoFi, Gamestop, Blackrock, Citi Ventures, Klarna, Reuters, Credit Suisse JP Morgan


How many opinions does it take to hit the $100M ARR Club?

In a world of talking points and corporate jargon, opinions are refreshing — and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an entrepreneur, I don’t know what does. Barrett’s ethos has, as reporter Anna Heim puts, led to Expensify having “its own take on almost everything” from hiring without job titles and ...
Tags: Apple, TC, Utah, Mexico, Tech, Colombia, United States, Brazil, Silicon Valley, Alexis Ohanian, EC, Fintech, Nubank, Expensify, Pittsburgh, Klarna


Get to know 12 top fintech bankers

Hello readers,Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Get to know 12 top fintech bankersTiger Global's flagship fund is down for the yearMeet the women who helped build PayPalInside the rise of Raine Group's Jeff SineThe latest trader exits from Credit SuisseIf this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals.Join Insider on June 24 at 1 ...
Tags: Softbank, Americas, Trends, Paypal, Getty Images, Atlantic, Credit Suisse, Hsbc, Goldman Sachs, Accenture, Rupert Murdoch, Morgan Stanley, SoFi, Chamath Palihapitiya, Klarna, Jpmorgan