Los Angeles accused rental startup Blueground of price gouging following the city’s wildfires. City Attorney Hydee Feldstein Soto’s office filed a civil action against the company, alleging it drove up the prices of its rentals by more than 10% and up to more than 50%...
The largest startups in the United States are reportedly raising so much capital in private markets that they can delay launching initial public offerings (IPOs). These startups have raised the billions of dollars they need to continue growing and to enable employees to cash out...
Starting a new business is an exercise in optimism. Entrepreneurs see an opportunity, often a local one — a vacuum where demand is there to be met, and money is to be made. In the latest data from the U.S. Census on business formation, November...
The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets and provide more support to startups. In discussions at the Eurogroup in Luxembourg, finance ministers supported proposals to finance the scale-up...
Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider economy. Data from Carta, a provider of services to private companies, reveals that 254 venture-backed clients went bankrupt in the...
Visa and innovation platform Plug and Play are accepting applications for the second cohort of the Visa Inclusive Fintech Accelerator, which aims to accelerate the growth of FinTech startups led by diverse founders. The companies are seeking applications from FinTech startups that meet one or...
Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has received this year, Bloomberg reported Monday (June 24). It comes from HSBC’s $3 billion “new economy” facility, which is focused...
Capchase received a 105-million-euro (about $114 million) credit facility warehouse led by Deutsche Bank to support flexible financing for software-as-a-service (SaaS) businesses in the United Kingdom and Europe. The company will do so through Capchase Grow, its solution that offers eligible companies access to non-dilutive financing, Capchase said in...
Mastercard has selected five startups from around the world to participate in its Start Path Blockchain and Digital Assets program. This program is designed to connect Mastercard with industry experts and FinTechs so that they can work together to explore differentiated use cases in which...