Fintech / Startup News April 14 – 2020

Fintech / Startup News for April 14, 2020

A weekly update of some of the news that I found to be relevant to the Fintech and Startup world.

The News:

This week we learn that we officially have a name for the Pandemic and the crisis: Welcome to the “Big Confinement”. Some analysts predict this will be a much bigger depression than the one in 1928. With no end in sight, these are definitely troubling times especially for some of the fintech and startups. Here’s a recap of some of the most important fintech startup news for April 14, 2020.

• Have you seen not only your job vanished but the promise of a big payout when the IPO happened? Here’s What You Need To Know About Equity If You’ve Been Laid Off
• I think WeWork is done. WeWork sues SoftBank for bailing on $3 billion share buyout agreed to in October
• Glassbox Raises $40M For Online Customer Experience Tools
• Away furloughs more than half of its staff, as the travel industry is basically getting crushed
• Some lose, some win: SoFi snaps up Galileo in $1.2B deal
• Foursquare merges with Factual – (Is Foursquare even relevant?)
• Disney+ Tops 50 Million Paid Subscribers Globally
• Google Makes Stadia Gaming Service Free
• Dow Jones CEO William Lewis to Leave Company
• Utah’s Podium Raises $125M Series C, Rolls Out Free Version Of Its Product
• Which Fintechs will soar and which ones will flop?
• IFM Restoration Lands $10M Series A To Facilitate Still ‘Essential’ Home Repairs
• The Coronavirus crunch will speed up the inevitable fintech market shakeout
• How Covid-19 Is Impacting Fintech Financing
• CEO Aaron Levie on the coronavirus changing how BOX employees work
• Layoff Data Report: Startups Under Fire Amid COVID-19 Pandemic
• 26 VC Firms Portfolio Companies are the hardest hit by layoffs
• Meet Thrasio, A Profitable Startup That Just Raised $110M At A $780M Valuation
• Rappi to close the year with 300 Dark Kitchens
• Airbnb Mexico limits its platform, only healthcare pros can book stays now
• Social distancing tech from El Salvador’s Spot.io that you didn’t know you needed
• 2 platforms for SMEs in Mexico to face economic slowdown (for free)
• Fairplay thinks it can give an edge to e-commerce startups—it sure has the money, offers over US$3 million
• Mexico pauses government approval of fintechs due to Covid-19
• Fitness startup BoxMagic pumps up investors, raises US$225,000
• A Brazilian unicorn just got sent to the Stone Age, thanks a lot Covid-19

I Wrote the following Article to help you manage remote teams. Please feel free to share it

Need more Information on our Recruiting Services for Fintechs / Startups?

Join My Fintech Newsletter

Every Week I send out a summary of the latest news on the Fintech Market in USA, Mexico, and LATAM