Fintech / Startup News April 28 – 2020

Fintech / Startup News for April 28, 2020

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

The News:

Two weeks have passed since I last updated the news. And it was not by lack of them. Basically all news was very pessimistic. I wanted to see if the news changed a bit this week. And now the conversation is shifting to the reopening. I’m still not confident. But let’s see. Anyway here is the news for April 28, 200.

• Lawsuit Accuses Grubhub, Postmates, DoorDash, and Uber of Unlawfully Driving Up Restaurant Prices
• Mega-funds thrive despite hard times for small and first-time VCs
• Scoop: Stripe raises $600 million at nearly $36 billion valuation
• Verizon To Buy BlueJeans To Compete In Video Conferencing Space
• Lever cuts 40% of their workforce
• Carta, VSCO, Opendoor Lay Off Employees
• 23 Lessons From Jeff Bezos’ Annual Letters To Shareholders
• Report: Adam Neumann, Benchmark Unloaded $676.5M In WeWork Shares Before Failed IPO
• Buzzy recruiting-software startup Greenhouse just cut close to 30% of its workforce, making it the latest in the industry to suffer as hiring across the country comes to an abrupt halt
• Tech Heavyweights Launch Beyond Identity To Deliver ‘The End Of Passwords,’ Raise $30M Series A
• The Q1 2020 Global VC Report: Funding Slowly Impacted By Coronavirus
• Only 3% of Business Investment Goes to Women
• French Company Alan Secures $54M Series C To Expand Digital Health Insurance Across Europe
• Pay cuts getting worse for lower-level roles at VC-backed companies
• Unicorn Companies Account For High Number Of Layoffs
• Magic Leap lays off half of staff, seeks funding amid economic decline
• ForgeRock Raises $93.5M For AI-Powered Digital Identity Management, Eyes IPO
• Feeling The Burn: Fitness Studios Rent Out Pricey Equipment For Revenue Amid Shutdowns 
• Casper Lays Off Staff, Announces CFO Departure
• Confluent Gets $250M In Series E Round To Reach $4.5B Valuation
• Startup cooks up software for vegan food, makes it into European incubator
• AlphaCredit’s latest SoftBank-led equity round worth over US$100 million is a done deal
• The status of open banking in Mexico

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