Ramp adds merchant ‘blocking’ to corporate credit card

Ramp adds merchant ‘blocking’ to corporate credit card

Ask any employee and they’ll tell you one of their least favorite things to do is file expenses. And for companies, the process of managing corporate spend is one of their biggest challenges. Corporate credit cards help ease that pain, so it’s no surprise that the competition between startups in the space is heating up by the day.  One of the fastest growing players in the space is Ramp, a fintech company that earlier this year secured a $150 million debt facility with Goldman Sachs after having raised a $30 million Series B in late December 2020. Today, the New…
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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters – TechCrunch

Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters – TechCrunch

Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. It’s a gap Marco Financial is looking to bridge through its tech-enabled risk assessment platform that can provide better insight on who should receive loans. To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. Marco was backed last September by a small seed round from Struck…
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Cadoo gets $1.5M to gamify fitness with betting challenges – TechCrunch

Cadoo gets $1.5M to gamify fitness with betting challenges – TechCrunch

Cadoo, a US-startup that’s gamifying fitness by turning it into a betting opportunity, using the prospect of winning (or losing) cold hard cash to motivate people to get off the couch, has collected $1.5 million in seed funds from Sam & Max Altman’s Apollo VC and the student-focused Dorm Room Fund. The app itself has been around since 2018 but in March 2020 it launched a “challenge model” that lets users stake money to join a challenge related to a specific fitness goal — be it running 10 miles in 10 days, or walking three miles in three days. Participants…
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NYC Public Attorney Jumanne Williams married India Sneed – Honduras News

NYC Public Attorney Jumanne Williams married India Sneed – Honduras News

“Corporate banks have been allowed to deprive us of the opportunity to protect our communities and families,” Williams said at the time. “The banks on this list have chosen to make profits over the people.” Financing our climate crisis, engaging in violations of working conditions, reusing and financing slumlords should not be standard operating practice – especially when billions of dollars of public money are at stake. They think they can escape it and that people fail – as a watchdog for the public, as the first elected official to support and join Occupy Wall Street, I want…
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Investors don’t expect the US startup funding market to slow down – TechCrunch

Investors don’t expect the US startup funding market to slow down – TechCrunch

Now in the opening weeks of the third quarter, The Exchange is taking a look back at the Q2 2021 venture capital market. Data indicate that it was incredibly active, with global and regional records shattered during the three-month period. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Per data from CB Insights, for example, The Exchange reported that global venture capital activity shot to $156 billion in the second quarter, up 157% from the year-ago Q2 result of just under $61 billion. More unicorns were born…
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The TechCrunch List is dead. Long live commodity capital – TechCrunch

The TechCrunch List is dead. Long live commodity capital – TechCrunch

It’s been almost exactly a year since we launched The TechCrunch List, a curated directory of venture capitalists designed to guide founders to the VCs most relevant to their startups. We had nearly 4,000 recommendations from founders — often with extensive documentation that in some cases exceeded 1000 words. From our initial edition to several extensive updates, we ultimately selected 531 investors. It was a great experiment used by hundreds of thousands of people with surprisingly deep engagement (people really love reading lists, apparently). Nonetheless, we are officially retiring the product today. The reason is simple: the venture capital industry…
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Electrify America to double number of EV chargers as wave of electric vehicles come to market – TechCrunch

Electrify America to double number of EV chargers as wave of electric vehicles come to market – TechCrunch

Electrify America, the entity set up by Volkswagen as part of its settlement with U.S. regulators over its diesel emissions cheating scandal, said it will double the number of its electric vehicle fast charging stations in the United States and Canada by the end of 2025. The commitment, if successful, means 1,800 fast charging stations — or 10,000 individual chargers — will be installed and operational by that time. The vast majority (some 1,700 stations) will be installed in the United States with the remainder in Canada. This will build off of EA’s plans to have about 800 charging stations…
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Looking Glass launches second-gen holographic displays – TechCrunch

Looking Glass launches second-gen holographic displays – TechCrunch

Brooklyn-based Looking glass today announced the release of a pair of second-gen holographic displays. Following up on late-last year’s release of the entry-level Portrait, the startup is offering new versions of the Looking Glass 4K and 8K systems, which sport 15.6- and 32-inch displays, respectively. In addition to sizes, there’s a pretty massive gulf in pricing here. Joining the $299 Portrait is the $3,000 4K and $17,500 8K. The pricing difference is all the more pronounced given that the tech essentially offers the same underlying technologies for producing and consuming 3D content. Image Credits: Looking Glass “Volume is a part…
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Facebook adds a ‘Payout Time Bonus’ to help retain bug bounty hunters – TechCrunch

Facebook adds a ‘Payout Time Bonus’ to help retain bug bounty hunters – TechCrunch

When it comes to bug bounties, Facebook lags behind the likes of Microsoft and Google in terms of overall payouts and volume of tips received: last year, Microsoft and Google respectively paid out $13.6 million and $6.7 million; Facebook meanwhile paid out just $1.98 million as of November. But on the other hand, Facebook’s a younger company and is working on improving its system to keep it on bounty hunters’ radar. In the latest development, Facebook today said that it would be adding a new set of bonus rewards when it pays out on a report if more than 30…
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