Carspring, the London and Berlin used car buying platform founded by Rocket Internet, has picked up £5 million in Series B funding. Backing the round are Rocket Internet itself, along with Channel 4’s Commercial Growth Fund, which offers media in the form of TV advertising in return for equity. Read More
Source: TechCrunch
Fintech startup Klarna grew thanks to its e-commerce payment service, but now the startup is diversifying a bit. The Swedish company is launching Wavy, a free peer-to-peer payment app and service.
After Cookies imploded, Klarna approached the team behind the German app so that they could join another fintech company. It turns out that this team has been working on another peer-to-peer payment app. Read More
Source: TechCrunch
Less than a week after the SEC said that it may regulate certain crypto token sales, better known as ICOs, Singapore has followed suit to say it too will regulate offerings that are deemed to be securities. Already a global financial hub, Singapore has developed into a destination of sorts for ICOs, with the likes of TenX ($80 million), Golem ($8.6 million) and Qtum ($15.6 million) among those… Read More
Source: TechCrunch
Following sexual harassment allegations that led to the resignation of 500 Startups co-founder Dave McClure, it’s now emerged that the troubled VC firm has abandoned its Canada fund. According to reports in The Globe and Mail and BetaKit, the saga made it difficult to move forward with the next phase of 500 Canada, where it had a profit-sharing relationship. The firm was in the process… Read More
Source: TechCrunch
Funimation Productions has distributed popular anime shows like “Dragon Ball Z” and “One Piece” to the US for years. Soon, it’ll be 95 percent owned by Sony.
Source: CNET
Snap, the Snapchat parent, closed the day down just 1% Monday after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was already built into the stock price to withstand day one. But while… Read More
Source: TechCrunch
Noted leaker Evan Blass tweeted a picture of the phone weeks ahead of its official reveal.
Source: CNET
The average Singaporean gets about half of the mobile data they say they need, according to a study done by one of the country’s carriers.
Source: CNET
For those rare times that demand a silent start.
Source: Wired
Google’s system has the potential to last longer than lithium-ion batteries, Bloomberg reports.
Source: CNET