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August 2, 2021, 6:45 AM
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memeorandum
WeSmirchTop News
| Reuters: |
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing — U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …
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TNW, Wall Street Journal, The Verge, iTnews, TechCrunch, Australian Financial Review, The Economic Times, Engadget, CNBC, PYMNTS.com, Gizmodo, Cointelegraph, Cryptonews, TechRadar, Neowin, Fortune, ABC, SiliconANGLE, BBC, ZDNet, CNN, Insider, and Tech in Asia
Tweets: @jack, @square, @valwagoner, @gokulr, @rrhoover, @pitdesi, @magyer, @jonrussell, @magyer, @packym, @rstephens, @bengrubb, @mengxilu, @fintechfrank, @jendudley, @alexh_johnson, and @carnage4life
| Greg Ahlstrand / CoinDesk: |
Square reports Q2 revenue of $4.88B, up 143% YoY, while its Cash App service's bitcoin yearly revenue was $2.72B, up 200% — Cash App's bitcoin gross profit rose to $55 million, Square said in its Q2 letter to shareholders. — Jack Dorsey's Square said its Cash App service's bitcoin …
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Square, Decrypt, Finextra, Benzinga, The Block, blockchain.news, Cointelegraph, NewsBTC, and Reuters
Tweets: @arturo_p_a and @firstgenwealth
| Jonathan Stempel / Reuters: |
Zoom agrees to pay $85M and bolster its security practices to settle a class action lawsuit over alleged user privacy violations and Zoombombing — Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming …
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Engadget, BBC, ZDNet, CNN, Bloomberg, The Register, SiliconANGLE, New York Times, Digital Trends, iTnews, The Hill, Agence France-Presse, Axios, NPR, TheStreet, Mercury News, AppleInsider, and Slashdot. Tweets: @pernillet
| Manish Singh / TechCrunch: |
Bangalore-based online learning startup Unacademy raises $440M round led by Temasek at a $3.44B valuation — Unacademy has raised $440 million in a new financing round as the Indian online learning startup looks to expand into multiple additional categories.
More:
The Economic Times, Moneycontrol, KrASIA, Entrackr, Tech in Asia, Bloomberg, Business Standard, and Keeping Up With India
Tweets: @samidhas, @gauravmunjal, @prasannavishy, and @gauravmunjal
| Ingrid Lunden / TechCrunch: |
London-based Kuda, which offers mobile-first banking services in Nigeria, raises $55M Series B at a $500M valuation co-led by Valar Ventures and Target Global — Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first …
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TechCabal, Techpoint Africa, and WeeTracker
Tweets: @oba_kinbo, @pkisadha, @iatalkspace, and @oluwatosinraji_
| Emmanuel Akinwotu / The Guardian: |
Nigeria is now second only to the US in bitcoin trading volume, hitting $2.4B in May from $684M in Dec. 2020, as the government tries and fails to curb its use — As leaders around the world grapple with cryptocurrencies, what happened when the African country tried to ban them?| Francis Agustin / Insider: |
Filings: Starlink has secured a license to build a satellite ground station on the Isle of Man, aiming to provide “blanket coverage” across Great Britain — - Elon Musk's Starlink will seek to provide high-speed internet across Great Britain, the Telegraph first reported.| Zheping Huang / Bloomberg: |
Matrixport, led by Bitmain founder Wu Jihan, which offers crypto financial services, raises $100M+ Series C, and says a second tranche is to come — - DST, Tiger are among the latest backers of Wu Jihan's firm — Matrixport has raised $129 million since its 2019 founding
More:
Decrypt, Forkast, The Block, PR Newswire, Cointelegraph, blockchain.news, Coinspeaker, CoinDesk, and Tech in Asia. Tweets: @pingroma
| Stitch / The Verge: |
Some K-pop stars are bypassing Twitter and Facebook to create platforms for fans, like Universe, which features AI-generated voice calls with the idols — Fandom has changed a lot since I was a kid. As a tween, I had no hope of getting in touch with celebrities I adored like Britney Spears and Whitney Houston.
Tweets: @roburaibu, @stitchmediamix, @researchbts, @fansumption, @marshawright, @pauljholden, and @verge
| Ryan Browne / CNBC: |
Estonian ride hailing startup Bolt, formerly known as Taxify, raises $713M at a ~$4.75B valuation, led by Sequoia, Tekne, and Ghisallo — - Estonian ride-hailing start-up Bolt has raised $713 million in fresh funding to push into the rapidly-growing online grocery delivery industry.| Heather Somerville / Wall Street Journal: |
Non-VC funds invested in a record 42% of tech startup funding deals in Q2 2021; H1 '21 US startup funding was $150B, with FY 2021 on pace to double 2020's total — Hedge, mutual and pension funds are investing heavily, leading to higher valuations and more leverage for company founders
Tweets: @notamitalegend, @jontreble, @amyssorrells, @dngusev, @mv11151, @heathersomervil, @timcohn, and @mdudas
| Manish Singh / TechCrunch: |
Indian online insurance aggregator Policybazaar files for IPO, seeks to raise $809M and says it may raise about $100M in a pre-IPO round — Indian online insurance aggregator PolicyBazaar has filed for an initial public offering in which it is seeking to raise $809 million … Sponsor Posts
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