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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.

 
European branded payments startup Recharge raises $11.8M...
Online branded payments now run the gamut of anything from Spotify vouchers, Netflix vouchers, Neosurf, PaySafe cards, and everything in between. Consumers use them to pay for a variety of things. In Europe, they are an increasingly big business. Now, European branded payments company Recharge.com has raised €10m ($11.8m) in a debt funding round led by London-based Kreos Capital, a growth debt provider for high-growth companies. In 2019 the Dutch fintech Creative Group, which owns the Recharge.com and Rapido.com...

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Will fading YOLO sentiment impact Robinhood, Coinbase...
What happens to hot fintech startups that have benefited from a rise in consumer trading activity if regular folks lose interest in financial wagers? That’s the question facing Robinhood, Coinbase and other trading platforms that have ridden an upward cycle. Each has performed well in recent quarters: Robinhood by securing huge payment-for-order-flow revenues, while Coinbase’s trading fees have proven incredibly lucrative, something we learned when it filed to go public. The Exchange explores startups, markets and money. Read it...

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Notarize raises $130M, tripling valuation on the...
When the world shifted toward virtual one year ago, one service in particular saw heated demand: remote online notarization. The ability to get a document notarized without leaving one’s home suddenly became more of a necessity than a luxury. Pat Kinsel, founder and CEO of Boston-based Notarize, worked to get appropriate legislation passed across the country to make it possible for more people in more states to get documents notarized digitally. That hard work has paid off. Today, Notarize...

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Spinning out from the cryptocurrency hardware developer...
Data centers and bitcoin mining operations are becoming huge energy hogs and the explosive growth of both risks undoing a lot of the progress that’s been made to reduce global greenhouse gas emissions. It’s one of the major criticisms of cryptocurrency operations and something that many in the industry are trying to address. Enter LiquidStack, a company that’s spinning out from the cryptocurrency hardware technology developer Bitfury Group with a $10 million investment. The company, which was formerly known...

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TechCrunch
TechCrunchTechCrunchRad Power Bikes raises $150 million as electric bike sales boomUpstart gaming studio Mountaintop starts its climb with $5.5M seed from friends and familyThe cloud infrastructure market hit $129B in 2020Iteratively raises $5.4M to help companies build data pipelines they can trustExtra Crunch is now hiring for reporter, editor and project manager positionsSpace Cargo Unlimited looks to space to make wine grape vines more resistant to climate changeLeafly and Jane partner to build a better online cannabis shopping experienceOkta...

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Fintech darling Nubank raises blockbuster $400M Series...
While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation (up from $10 billion in 2019), is their customer base of 34 million users, which they’ve built up since the fintech’s launch in 2013. “We’ve gone...

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Google updates Play Store policies on gamified...
Google has updated and broadened its Play Store policy on gaming loyalty programs to help developers better understand the practices that are permitted, months after confusion about the guidance prompted some backlash in India, the biggest Android market by users. The company said on Thursday that it now specifies guidance on gamified loyalty programs that are based on a qualified monetary transaction in an app and offer prizes of cash or other real-world cash equivalent perks. Scores of apps...

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Female-led startups dominate Catalyst Fund’s inclusive fintech...
Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today. The accelerator runs the flagship program annually and with a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors. In 2020, all five countries had representatives in the accelerator. However, the selected six startups this year are from Kenya, Nigeria, and South Africa....

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Ula raises $20 million to expand its...
Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as is true in other Asian markets, most small retailers and mom-and-pop stores in the Southeast Asian country still face a myriad of challenges in sourcing inventory and working capital, and continue to rely on an age-old supply chain network. Nipun Mehra (a former executive of Flipkart in India), Alan...

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Fast raises $102M as the online checkout...
This morning Fast, a startup that provides online checkout and identity products, announced that it has closed a $102 million Series B. The new funding event was led by Stripe, a previous investor in Fast. Stripe, an online payments giant, also led Fast’s Series A last year, a deal worth $20 million. Fast has raised $124 million to date, it said in a release. TechCrunch reached out to Fast for comment regarding its growth pace. The company shared that...

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CrediBook gets $1.5 million to help Indonesian...
CrediBook, a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 million in pre-Series A funding led by Wavemaker Partners, with participation from Alpha JWC Ventures and Insignia Ventures Partners. The capital will be used for product launches and expansion into more Indonesian cities. Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. SMEs contribute more than 60% of the...

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Daily Crunch: Twitter unveils Birdwatch
Twitter pilots a new tool to fight disinformation, Apple brings celebrity-guided walks to the Apple Watch and Clubhouses raises funding. This is your Daily Crunch for January 25, 2021. The big story: Twitter unveils Birdwatch Twitter launched a new product today that it says will offer “a community-based approach to misinformation.” With Birdwatch, users will be able to flag tweets that they find misleading, write notes to add context to those tweets and rate the notes written by others....

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Fintechs could see $100 billion of liquidity...
Jake Jolis Contributor Share on Twitter Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. More posts by this contributor 4-year founder vesting is dead 2019 saw a stampede of fintech unicorns Dana Stalder Contributor Share on Twitter Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. More posts by this contributor 2019 saw a stampede of...

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Is anything too big to be SPAC’d?
While many deemed 2020 the year of SPAC, short for special purpose acquisition company, 2021 may well make last year look quaint in comparison. It’s probably not premature to be asking: is anything too big to be SPAC’d? Just today, we saw the trading debut of the most valuable company to date go public through a merger with one of these SPACs: 35-five-year-old, Pontiac, Michigan-based United Wholesale Mortgage, which is among the biggest mortgage companies in the U.S. Its...

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Extra Crunch roundup: Digital health VC survey,...
I had my first telehealth consultation last year, and there’s a high probability that you did, too. Since the pandemic began, consumer adoption of remote healthcare has increased 300%. Speaking as an unvaccinated urban dweller: I’d rather speak to a nurse or doctor via my laptop than try to remain physically distanced on a bus or hailed ride traveling to/from their office. Even after things return to (rolls eyes) normal, if I thought there was a reliable way to...

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