Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More
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Microsoft has picked up another productivity app — announcing the acquisition of AI-powered scheduling tool Genee. In a blog post today the software giant said it will be plugging Genee into its cloud productivity suite, Office 365. Read More
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Microsoft announced today that it acquired Genee, an AI-powered scheduling assistant bot that specializes in planning meetings for large groups or when organizers don’t have direct access to the calendars of everyone involved. Genee’s app is a chatbot accessible via an iPhone app, email, SMS, FB, Twitter or Skype, and it understands natural language input, so you can just text it… Read More
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Talk about being at the right place and at the right time. Following revelations of government spying, data breaches, malicious hacking, identity theft and other online threats, the email and file encryption application Virtru has now grown to over 4,000 customers and has closed on $29 million in Series A funding, the company announced this morning.
The round was led by Bessemer Venture… Read More
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Apple has reportedly acquired health data startup Gliimpse, a company that collects and combines disparate threads of personal health info. Fast Company reports that the acquisition went down earlier this year, but there has yet to be any confirmation on the part of Gliimpse. However, FC says that Apple confirmed the acquisition, saying: “Apple buys smaller technology companies from time… Read More
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The flow of Chinese capital into foreign ad-tech companies increased this morning with the acquisition of Media.net for $900 million USD. A consortium will be paying cash for the startup with key operation centers in New York City and Dubai. Eventually the company is set to be acquired from the consortium by Miteno Communication Technology, a Chinese tech conglomerate. The transaction is… Read More
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Shooting hoops and writing checks might not seem to have too much in common, but this is the road that Bryant is taking following his retirement from basketball. Read More
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Most of the companies raising funding in the VR space right now are focused on entertaining potential consumers. Perhaps getting less attention are the companies jockeying to provide cool solutions for the enterprise. InsiteVR just raised a $1.5 million seed round to tap into the architecture and construction markets and make early visions of projects more accessible to these… Read More
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MeQ Inc., the company behind Even earphones, the tunable earbuds that adjust to users’ unique hearing abilities, has raised $2 million as it looks to expand its business.
Financing came from individual investors like Ilan Shiloah, an Israeli businessman and former chief executive of the Israeli arm of the advertising firm McCann Erickson and the chairman of McCann Worldwide… Read More
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Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Read More
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