Fintech / Startup News for March 24 – 2020

This week, the trend has continued and it is still a rough week for the Market, for Fintechs and Startups. I hope that you guys are still keeping safe and healthy. Thanks for reading and hang in there.

• Hashicorp soars above 5B valuation in new 175M Venture Round
  • The SF-based startup announced today that it has raised $175 million in Series E financing from Franklin Templeton Investments  at a scorching $5.1 billion valuation. - Techcrunch
• Equinix Closes $335M Deal For New York’s Packet
  • Datacenter giant Equinix has bought New York-based startup Packet for $335 million, the companies announced Monday. Packet provides an automated bare metal infrastructure for edge computing. - Crunchbase
• Cornershop’s struggle with Uber acquisition: What’s actually happening - Contxto
• One, A New Digital Bank Aimed At The Middle Class, Raises $17M Series A
  • One, a new neobank targeting the middle class, announced this morning it has raised $17 million in a Series A financing from Foundation Capital, Core Innovation Capital  and Obvious Ventures. - Crunchbase
• Life after Y Combinator, software startup Belvo tells all - Contxto
• Indonesia’s Gojek Reportedly Lands $1.2B For Expansion - Crunchbase
• Latin American show-stealing startups in Y Combinator’s Winter Batch 2020 - Contxto
• Amazon is hiring 100,000 new workers in the US to deal with the coronavirus boom - Technology Review
• Uber CFO says its ridership has plumetted as much as 50%
• Mercado Libre to disperse US$420 million in Mexico, targets rival Amazon and fintechs - Contxto
• 10 ways to be a Wartime CEO according to Ben Horowitz (Must read) - Business Insider
• Fox To Buy Streaming Service Tubi For $440M
  • Tubi, which is based in San Francisco, is an ad-supported streaming service with more than 20,000 titles from over 250 content partners, including major studios like Paramount and Lionsgate. - Crunchbase
• Mexico’s challenger and neo-banks. Do you know the difference? - Contxto
• E25Bio Raises $2M From Khosla Ventures To Create Rapid COVID-19 Diagnostic Test - Crunchbase
• Mexican proptech, Multiburó, raises US$700,000 - Contxto
• Massive Slowdown In 2020 VC Funding Hasn’t Happened … Yet - Crunchbase
• Former Uber self-driving head Levandowski agrees to plea deal over Google secrets
• Close your office. Now. How operate your startup under lock-down.
• Scopely adds $200M to Series D as mobile gaming surges in popularity
• Startup Founders are building companies on Whatsapp
• How Visa became the top dog in global finance
• SoftBank may back out of part of WeWork rescue
• Airbnb is listening to investment pitches
• Yelp commits $25M in waived fees.
• YouTube, Amazon Prime forgo streaming quality to relieve European networks

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