Fintech / Startup News May 31 – 2020

Fintech / Startup News for May 31, 2020

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

The News:

A few weeks ago I started this newsletter/blog to include some of the most pressing and important news going around in the startup fintech world. However, when COVID hit, it was quite depressing to read about layoffs all the time. So instead of posting every week, I decided to post an article once a month. So here are the most important and pressing news for the month ending on May, 31 st, 2020

• The Status of Open Banking in Mexico
• Zubale raises US$4.4 million to expand collaborative marketing platform
• Atix Labs, OS City, and Prescrypto are UNICEF Innovation Fund’s first blockchain cohort—here are their plans
• 500 Startups LatAm talks challenges and opportunities in Covid-19 era
• Trust busted! Mexico’s anti-monopoly body fines WeWork and SoftBank US$138,000
• Didi Food is hungry for more of the Mexican market
• Business owners inherit disaster, Kichink owes them over US$16,000, they claim
• Duolingo is growing like crazy, is it preparing to take IPO flight?
• Cor·ner·shopped: the curse of not being able to exit
• Julian Coulter becomes Google Mexico’s Managing Director
• Vocational skills platform raises funding to teach you what other edtechs don’t
• Google nombra a Julian Coulter como nuevo director para México
• Despite Current Environment, Fintech Startups Continue To Hire And Raise Funds
• Zoom releases 5.0 update with security and privacy improvements
• Facebook takes $5.7 billion stake in Indian internet giant Jio
• Y Combinator officially shifts its next accelerator class to fully remote format
• Apple and Google pledge to shut down coronavirus tracker when pandemic ends
• Bird Brained – Inside the electric scooter startup with big workplace problems
• Walmart’s streaming service to be bought by Comcast-owned Fandango
• 19 Business Moats That Helped Shape The World’s Most Massive Companies
• Pandemic Software: What Software Are People Buying During COVID-19?
• Free ‘Sonos Radio’ streaming music service arrives with 60,000 radio stations
• Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail
• US-Based Startup Unicorns See The Impact Of Covid-19
• What SMBs’ Cash-Flow Crisis Means For Fintech
• What Early-Stage Investors Really Care About
• Confluent Gets $250M In Series E Round To Reach $4.5B Valuation
• Guru Raises $30M From Accel, Slack & Others As Philly Startup Scene Heats Up
• Report: Number Of Startup Layoffs Surpasses 20K Amid COVID-19 Pandemic
• From B2B To D2C: Cheetah Raises $36M For Contactless Food Pickup & Delivery
• Despite Current Environment, Fintech Startups Continue To Hire And Raise Funds
• Tencent buys 5% stake in Australian buy-now-pay-later firm Afterpay
• Blogging platform Ghost hacked through Salt vulnerability
• Activist investor Elliott Management funds patent lawsuit against Quibi
• Intel in talks to buy Israel’s Moovit public transit app for $1 billion: media
• In the note, written by Airbnb  CEO and co-founder Brian Chesky, the company said that 1,900 employees will be laid off
• Canada’s Newest Unicorn: Edtech Startup ApplyBoard Raises $75M At $1.4B Valuation
• WeWork Lays Off Staff As Part of A ‘Realignment’
• Female founders face funding hurdles amid the pandemic
• Dropbox quarterly results beat estimates
• Google unifies consumer & enterprise messaging teams, now led by G Suite chief
• Deliv Shutting Down Operations; Target to Buy Its Tech
• Lyft to require passengers and drivers to wear masks
• Facebook, YouTube remove ‘Plandemic’ video with ‘unsubstantiated’ coronavirus claims
• Lower Costs, Laid-Back Lifestyle Continue To Draw Tech Companies To Austin, Texas
• Briq Aims To Bring Fintech To Construction Industry With $10M Series A
• You Got Rejected By A VC, Now What?
• Sports App Sleeper Nets $20M In a16z-Led Series B, Counts NBA Stars Kevin Durant & Baron Davis As Investors
• Getting The Job Done, DispatchTrack Scores $144M For At-Home Delivery Solutions
• Intel Capital-Backed Lilt Raises $25M Series B To Expand AI-Powered Translation Technology
• New York’s Newest Unicorn: DigitalOcean Raises $50M At $1.15B Valuation
• Facebook Buys Giphy For A Reported $400M
• Telemedicine Is Becoming More Popular. That’s Good for Prescription Delivery Startups
• Waymo Banks Another $750M .
• Babytech Boom: Millennials, Startups Pave Way For Growth
• Survival Of The Fittest: Impact Of COVID-19 On Venture Funding
• Why Startups Should Become ‘Camels’–Not Unicorns–During COVID-19
• Magic Leap has raised another 350 M
• New $250M Round Helps Apeel Sciences Make Saving Food More Appealing
• Founder Institute CEO: Now Is The Time For Startups To Step Up
• Canada’s Shopify CEO says era of ‘office centricity is over; most staff to permanently work from home
• Amazon in talks to buy driverless-technology startup Zoox

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