Fresh round of $355M lifts online checkout company Bolt into decacorn territory

Checkout technology company Bolt continues to make quick work of attracting new capital. The company announced Friday $355 million in Series E financing to give Bolt an $11 billion valuation, according to sources close to the company. Bolt’s one-click checkout product aims to give businesses the same technology Amazon has been known for since 1997, […]

Arc wants to build the de facto finance solution for SaaS startups

There’s financial technology (fintech) companies out there targeting all sorts of different segments of the population, as well as companies at various stages of growth. A new company recently emerged that is targeting a popular startup niche, wanting to exclusively help early-stage SaaS (software-as-a-service) companies with their financial needs. Coming out of stealth today with […]

Seel secures $17M round to infuse AI in customer product returns

Product returns remain a headache for many e-commerce companies. Some have gotten creative in how they approach it — for example, Amazon formed relationships with Kohl’s and Stein Mart for in-person returns, while PayPal acquired returns provider Happy Returns. Seel’s return option example. Image Credits: Seel Aiming to give merchants more control over this, Seel, […]

Checkout.com raises $1B round at $40B valuation

Payments company Checkout.com isn’t just a unicorn — it has closed a $1 billion Series D founding round. Following today’s round, the company is now valued at $40 billion. That’s a stark increase compared to last year’s valuation. With its Series C round, the company raised $450 million at a $15 billion valuation — it represents […]

Novo, the SMB neobank, nabs $90M at a $700M valuation

Novo, the startup building a new kind of banking service from the ground up for small and medium businesses, has closed a significant round of funding to take the next step in growing its platform. It has raised $90 million, a Series B round that values the Miami-based startup at $700 million, funding that it […]

European parliament found to have broken EU rules on data transfers and cookie consents

The European Union’s chief data protection supervisor has sanctioned the European Parliament for a series of breaches of the bloc’s data protection rules. The decision sounds a loud warning to sites and services in the region about the need for due diligence of personal data flows and transfers — including proper scrutiny of any third […]

African tech took center stage in 2021

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first […]

TechCrunch+ roundup: Less VC for SV, 2022 marketing predictions, GTM research strategies

Detroit became the center of America’s automobile industry largely for logistical reasons: its midwestern location, high population density and proximity to raw materials were just a few factors that assured investors it was an optimal spot for building an industrial hub. Silicon Valley’s tech ecosystem, on the other hand, was initially seeded by military research […]

India’s Razorpay launches faster checkout feature, tops $60 billion TPV

Razorpay is making it more convenient for users to pay businesses with a faster checkout option as the leading Indian payments infrastructure giant pushes to win a bigger slice of the world’s second largest internet market. The new feature, called Magic Checkout, saves shopper’s information — password, card details, addresses — during their first purchase […]