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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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Egypt’s Paymob closes $18.5M Series A to...

April 8, 2021

While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. Right now, Egypt is home to a burgeoning fintech startup ecosystem, and today, one of its biggest players, Paymob announced that it has completed an $18.5 million Series A round. In July 2020, Paymob raised $3.5 million as its first tranche of Series A investment. An additional $15 million was raised from the same investors led by...

YC-backed Abacum nets $7M to empower finance...

April 8, 2021

SaaS to support mid-sized companies’ financial planning with real-time data and native collaboration isn’t the sexiest startup pitch under the sun but it’s one that’s swiftly netted Abacum a bunch of notable backers — including Creandum, which is leading a $7M seed round that’s being announced today. The rosters of existing investors also participating in the round are Y Combinator (Abacum was part of its latest batch), PROFounders, and K-Fund, along with angel investors such as Justin Kan (Atrium...

Acorns’ new fintech target is debt management...

April 7, 2021

Popular saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021. New York-based Pillar helps consumers optimize their debt payments by focusing first on student loans. It launched in May 2019 with $5.5 million in seed funding led by Kleiner Perkins. The companies declined to reveal the financial terms of the deal, only noting that within six months of launching, Pillar managed over $500 million...

Avant doubles down on digital banking with...

April 7, 2021

Avant, an online lender that has raised over $600 million in equity, announced today that it has acquired Zero Financial and its neobank brand, Level, to further its mission of becoming a digital bank for the masses. Founded in 2012, Chicago-based Avant started out primarily as an online lender targeting “underserved consumers,” but is evolving into digital banking with this acquisition. The company notched gross revenue of $265 million in 2020 and has raised capital over the years from...

Investment app for millennials, Groww, raises $83...

April 7, 2021

More than 200 million people in India transact money digitally, but fewer than 30 million invest in mutual funds and stocks. An Indian startup that is attempting to change this figure by courting millennials announced a new financing round on Wednesday and turned into the newest unicorn in the world’s second largest internet market. Bangalore-based Groww has raised $83 million in its Series D financing round, which valued the Indian startup at more than $1 billion, up from $250...

Plaid raises $425M Series D from Altimeter...

April 7, 2021

Plaid, a unicorn that helps connect consumers’ bank accounts to financial applications, has raised a $425 million Series D, it announced this morning. TechCrunch understands that the new capital infusion, led by Altimeter Capital, values the company at around $13.4 billion. It is not surprising that Plaid, a former takeover target for consumer credit giant Visa, is raising more capital. After its $5.3 billion sale to the larger company fell through this January, it became clear that Plaid would...

Berlin’s Bryter raises $66M to take its...

April 7, 2021

No-code startups continue to see a lot of traction among enterprises, where employees — strictly speaking, non-technical, but still using software every day — are getting hands-on and building apps to take on some of the more repetitive aspects of their jobs, the so-called “citizen coders” of the working world. And in one of the latest developments, a Bryter — an AI-based no-code startup that has built a platforms used by some 100 global enterprises to date across some...

Signal tests payments in the UK using...

April 6, 2021

Encrypted chat app Signal is adding payments to the services it provides, a long-expected move and one the company is taking its time on. A U.K.-only beta program will allow users to trade the cryptocurrency MobileCoin quickly, easily, and most importantly, privately. If you’re in the U.K., or have some way to appear to be, you’ll notice a new Signal Payments feature in the app when you update. All you need to do to use it is link a...

Coinbase’s monster Q1 in context

April 6, 2021

In the first quarter of 2021, American consumer cryptocurrency trading giant Coinbase grew sharply, generating strong profits at the same time. For Coinbase, the disclosure of its preliminary Q1 2021 results comes a week ahead of its direct listing, an event that will see the company begin to trade publicly. As it is both cash rich and well known, Coinbase is foregoing a traditional IPO in favor of the more exotic method of going public. In its release, Coinbase...

Facebook confirms ‘test’ of Venmo-like QR codes...

April 6, 2021

Facebook confirms it’s testing a new QR code feature and payment links for use with Facebook Pay to make it easier for people in the U.S. to send or request money from one another. The QR code feature, similar to Venmo’s QR codes and others, will allow a user to scan a friend’s code with their smartphone’s camera to send or request money, while the sharable payment links will let you publish your payment address outside of Facebook itself....

After its first $54M fund, Algebra Ventures...

April 6, 2021

The venture capital scene in the North African tech ecosystem will be absolutely buzzing right now with the announcement of two large VC funds in the space of two days. Today, Algebra Ventures, an Egyptian VC firm, announced that it has launched its $90 million second fund. Four years ago, Algebra Ventures closed its first fund of $54 million, and with this announcement, the firm hopes to have raised a total of $144 million when the second fund closes...

India’s CRED valued at $2.2 billion in...

April 6, 2021

Two-year-old CRED has become the youngest Indian startup to be valued at $2 billion or higher. Bangalore-based CRED said on Tuesday it has raised $215 million in a new funding round — a Series D — that valued the Indian startup at $2.2 billion (post-money), up from about $800 million valuation in the $81 million Series C round in January this year. New investor Falcon Edge Capital and existing investor Coatue Management led the new round. Insight Partners and...

US indicts California man accused of stealing...

April 5, 2021

A grand jury has indicted a California resident accused of stealing Shopify customer data on over a hundred merchants, TechCrunch has learned. The indictment charges Tassilo Heinrich with aggravated identity theft and conspiracy to commit wire fraud by allegedly working with two Shopify customer support agents to steal merchant and customer data from Shopify customers to gain a competitive edge and “take business away from those merchants,” the indictment reads. The indictment also accuses Heinrich, believed to be around...

What happens to your NFTs and crypto...

April 5, 2021

Erin Bury Contributor Erin Bury is CEO and co-founder of Willful, a comprehensive online estate planning service based in Toronto. As consumers build their wealth, assets are typically tangible: cash, investments, property, cars, jewelry, art. But increasingly we’re adding a new type of asset to the mix: digital assets, whether in the form of cryptocurrency or a new asset class, NFTs. We’re going through the biggest wealth transfer in history right now, with an estimated $16 trillion expected to...

Start your engines, TechCrunch is (virtually) headed...

April 5, 2021

Thanks to a warm welcome from Miami, our first City Spotlight was a big success. We met investors and entrepreneurs who are working on amazing things, and we were proud to share their personal stories on why Miami is the right city for them to live and do business. Join us on our next (virtual) field trip to Southeast Michigan. All lights will be shining on the Motor City. Why Detroit? This is where StockX and Rivian call home,...

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