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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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Rho, a startup bank aimed at high-growth...

January 13, 2021

Rho Technologies, the NYC-based fintech behind Rho Business Banking, has raised a $15 million Series A round led by M13 Ventures with participation from Torch Capital, and Inspired Capital. The company will use the proceeds to further expand their commercial banking platform aimed at high-growth businesses, starting with today’s launch of Rho AP. The platform is oriented towards companies that need more autonomy in business banking and will map quite well to the current distributed nature of work, post-pandemic....

Apple announces new projects related to its...

January 13, 2021

Last June, Apple committed $100 million to a Racial Equity and Justice Initiative (REJI). Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, is leading the initiative. Today, Apple is sharing some of its work as part of the initiative. “We’re launching REJI’s latest initiatives with partners across a broad range of industries and backgrounds — from students to teachers, developers to entrepreneurs, and community organizers to justice advocates — working together to empower communities that have...

Rapyd raises $300M on a $2.5B valuation...

January 13, 2021

A wave of organizations — propelled by global Covid-19 pandemic circumstances — are moving their commercial and financial interactions online, and today one of the big players helping to enable that shift is announcing a significant round of growth funding to expand the tools and services that it provides to them. Rapyd, which provides an API-based “fintech-as-a-service” platform covering payments, banking services, fraud protection and more, has raised $300 million, funding that CEO and co-founder Arik Shtilman said in...

Daily Crunch: Visa calls off Plaid acquisition

January 12, 2021

Regulatory action prompts Visa to back off a fintech acquisition, Uber and Moderna partner and Checkout.com is valued at $15 billion. This is your Daily Crunch for January 12, 2021. The big story: Visa calls off Plaid acquisition The deal, valued at $5.3 billion, was first announced just over a year ago. However, the Department of Justice filed suit to block the acquisition in November, arguing that it would “eliminate a nascent competitive threat.” In today’s announcement, Visa said...

Visa will not acquire Plaid after running...

January 12, 2021

Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13, 2020, or nearly one year ago to the day. However, the Department of Justice filed suit to block the deal in November of 2020, arguing that the combination would “eliminate a nascent competitive threat that would likely result in substantial...

2021: A SPAC odyssey

January 12, 2021

There are a number of ways to take a private company public: You can pursue a traditional IPO, sell a chunk of shares at a set price and start trading. You can direct list, and merely start to trade. You can host a hybrid auction-offering, like what Unity did. Hell, Google showed us back in the day that a reverse-Dutch auction is possible, after which no one else deigned to try it. And then there’s the blank-check method: Instead...

LAUNCHub Ventures heading towards a $85M fund...

January 12, 2021

LAUNCHub Ventures, an early-stage European VC which concentrates mainly on Central Eastern (CEE) and South-Eastern Europe (SEE), has completed the first closing of its new fund at €44 million ($53.5M), with an aspiration to reach a target size of €70 million. A final close is expected by Q2 2021. Its principal backer is the European Investment Fund, corporates and a number of Bulgarian tech founders and investors. With this new fund, LAUNCHub aims to invest in 25 startups in...

Checkout.com raises $450 million and reaches $15...

January 12, 2021

Payments company Checkout.com is raising once again. The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. If you’re not familiar with the company, Checkout.com wants to build a one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud. It focuses on large merchants and tries to make its product as customizable as possible so...

Curve says closing its new $95M Series...

January 12, 2021

Curve, the London-based fintech that combines multiple cards and accounts into one smart card and an app, has secured a Series C finding round of $95 million. The financing was led by IDC Ventures, Fuel Venture Capital and Vulcan Capital (the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen), with participation from OneMain Financial, the US personal finance company, and Novum Capital. Several previous investors also participated. The fundraise brings the total investment in Curve to...

Zipmex, which aspires to build the Asia...

January 12, 2021

Zipmex, a digital assets exchange headquartered in Singapore, announced today it has raised $6 million in funding led by Jump Capital. The startup, which plans to become a digital assets bank, says the round exceeded its initial target of $4 million. Along with earlier funding, it brings the total Zipmex has raised so far to $10.9 million. The exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. It focuses on investors new to cryptocurrency with educational...

Daily Crunch: Parler sues Amazon after going...

January 11, 2021

Platforms and infrastructure providers dump Parler, Microsoft unveils a new Surface and a Chinese fitness app raises $360 million. This is your Daily Crunch for January 11, 2021. The big story: Parler sues Amazon after going offline President Donald Trump has found himself banned from most of the major social media and internet platforms, with companies pointing to his role in inciting the violent takeover of the U.S. Capitol last week, as well as his continuing statements expressing support...

Revolut applies for UK banking license

January 11, 2021

It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Up next, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are going to look at the application. Revolut already has a banking license in the European Union. The Bank of Lithuania has granted a license and the company is taking...

Orange spins out Orange Ventures with $430...

January 11, 2021

Telecom company Orange is making some changes to its venture capital arm. Orange Ventures is becoming a separate legal entity and Orange itself is allocating $430 million (€350 million). With this new corporate structure, Orange could attract third-party investors in its fund. Other telecom companies have made some headlines with their venture funds in the past, such as SoftBank’s Vision Fund and Reliance Jio. Separating Orange Ventures from Orange is also going to boost confidence when it comes to...

Stripe reportedly joins the tech platforms booting...

January 10, 2021

It might be easier at this point to ask which tech platforms President Donald Trump can still use. Payment-processing company Stripe is the latest tech company to kick Donald Trump off of its platform, according to a report in The Wall Street Journal. That means the president’s campaign website and online fundraising arms will no longer have access to the payment processor’s services, cutting off the Trump campaign from receiving donations. Sources told the Journal that the reason for...

Bootstrapping to $80M ARR

January 9, 2021

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Click here if you want it in your inbox every Saturday morning. Ready? Let’s talk money, startups and spicy IPO rumors. So much for a quiet start to the year. Any hopes of 2021 giving us respite from the turbulent waters of 2020 went splat, as the first week...

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