News

Indonesian Lending FinTech JULO Closes $15M Series A

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. The Series A round was led by Quona Capital, and companies including East Ventures, Skystar, Convergence and Gobi Partners also participated. […]

News

Pre-Libra, Facebook Met With British Finance Officials

Before it publicly released its plans for Libra, Facebook met with the Finance Ministry, the central bank and regulators in the U.K. about the proposed cryptocurrency, according to Reuters. The meetings were meant to garner support for Libra before it was announced. However, despite the meetings, Libra has been met with skepticism from regulators around […]

News

German Finance Minister Speaks Out Against Stablecoins

The Finance Minister in Germany Olaf Scholz spoke out on Tuesday (Sept. 17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a […]

News

Peter Thiel-Backed Unicorn TransferWise Posts Record Profits

TransferWise, one of Europe’s top five FinTech startups, announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. 18). The London-based firm, backed by Peter Thiel’s Valar Ventures and Sir Richard Branson, said it recorded GBP179 million ($223 million) […]

News

UK Hospitals Sign Patient Data Deals With Google

Google has signed deals with five National Health Service (NHS) trusts in the U.K. to process patient data, according to a report by the Financial Times. The deals are reportedly the first of their kind, and come after London-based artificial intelligence (AI) company DeepMind reverted control back to parent company Google. DeepMind had deals with […]

News

AB5 Is Now The Law Of The Gig Land In California

In a decision that is reportedly not likely to calm an increasing debate when it comes to the nature of work or rules in the gig economy of the 21st century, Gov. Gavin Newsom signed into law a proposal that would have California companies limited with respect to their use of independent contractors. The governor […]

News

Alexa Users Can Donate To 2020 Election Using Amazon Pay

Amazon has revealed that Alexa will now provide users with information on the 2020 U.S. presidential election. The company noted that during the midterm elections last fall, customers turned to Alexa for answers to a variety of questions, such as: “Alexa, when are the polls open?” “Alexa, who is winning in New York?” “Alexa, what […]