As the COVID-19 pandemic continues to put lives at risk around the world, consumers are becoming increasingly accustomed to technologies that offer COVID-safe alternatives for potentially dangerous activities — and demand is only growing for such solutions. In Europe, where the vaccine rollout is progressing...
Gambling software startup Simplebet has closed a $15 million funding deal to advance its sports betting platform, CNBC reported on Tuesday (March 2). Investors included Jim Murren, former CEO of MGM Resorts International, and Joe Banner, former NFL team executive. Revenue in U.S. sports betting...
Wall Street is predicting that as vaccines are more widely distributed, the need for remote business tools like Zoom will plummet. Zoom, however, begs to differ and is forecasting that demand will remain brisk post-pandemic, The Financial Times (FT) wrote on Tuesday (March 2). Zoom,...
Tailwind International, a U.S. special purpose acquisition company (SPAC), is on the hunt for European tech unicorns to take public, according to The Financial Times (FT) on Tuesday (March 2). Tommy Stadlen, chair of Tailwind and co-founder of venture capital fund Giant, told FT that...
Swedish buy, now pay later (BNPL) platform Klarna is now valued at $31 billion after raising $1 billion from new and existing investors. Klarna CEO Sebastian Siemiatkowski said in a Monday (March 1) press release that the company is looking to tackle bigger issues beyond...
U.K. FinTech Atom Bank is planning to raise 40 million pounds (about $56 million) from existing shareholders as it plans for an initial public offering (IPO), according to a Prolific North report on Thursday (Feb. 25). The startup has turned the corner of profitability from its...
Online car-buying startup Gettacar has announced $25 million in funding toward its goal of making the car buying and ownership process more streamlined, a press release says. The total raised by Gettacar is now $48 million. The backers of the round, according to the release,...
From all corners of finance and beyond, the critics are circling Robinhood — and is it possible that Robinhood’s (current) business model is circling the drain? Part of the platform’s allure, of course, is tied to commission-free trading. But in the swirl of controversy and...
The Depository Trust and Clearing Corporation (DTCC) is calling for stepping up the time it takes for security settlements to clear, the DTCC said in a press release on Wednesday (Feb. 24). DTCC — which provides clearing and settlement services for U.S. financial markets — was...
