U.K. Chancellor of the Exchequer Rishi Sunak is planning a summit for entrepreneurs in the technology sector next week and will introduce a 375 million pound fund for startups that are focused on research and development (R&D), the Financial Times reported on Friday (July 16). The Future Fund...
Large marketplaces like Amazon create an amazing first step opportunity for entrepreneurs looking to test out if their business idea works — if they can create any consumer demand for their widget. And many brands do: there are over 15,000 thousand marketplace sellers on Amazon...
Payment technology company Transcard has rolled out its AccelUp initiative for Chattanooga, Tennessee’s minority-owned startups. The accelerator program will start taking member applications in early July, according to an announcement emailed to PYMNTS. “We are crazy about entrepreneurship,” Transcard President Chris Fuller said in the...
Startups, which are raising an abundance of cash, are moving to hire more chief financial officers (CFOs), The Wall Street Journal (WSJ) reported. Usually, startups would have just a few dozen employees and would be looking to stay light-footed, keeping their payrolls less burdened in...
Silicon Valley FinTech startup Tribal Credit closed a $34.3 million Series A funding round led by QED Investors and Partners for Growth (PFG), with participation by existing investors BECO Capital, Global Ventures, OTG Ventures and Endure Capital and new investor Endeavor Catalyst. “This round allows...
Early-stage venture capital (VC) fund Accelerating Asia has announced the 11 members of its fourth 100-day, pre-Series A startup program, featuring companies based across Southeast Asia — from Indonesia and Singapore to Bangladesh and Pakistan, according to a Tuesday (April 13) press release emailed to...
Business card and expense management upstart Ramp announced on Thursday (April 8) that it has raised $115 million in new funding and attained a valuation of $1.6 billion. According to a company news release, this makes Ramp the fastest-growing New York startup and the first...
Germany’s flying taxi startup Volocopter is looking to raise new capital as it ponders the possibility of going public via a special purpose acquisition company (SPAC), Reuters reported on Thursday (March 18). Florian Reuter, the chief executive officer of Volocopter, told Reuters that the company...
In the first round of lockdowns in March 2020, the food service industry experienced a massive shakeup. As consumers stayed indoors, establishments closed up shop temporarily or permanently, and furloughs and layoffs became the norm. Meanwhile, amid the anxiety and grief, many consumers were looking...