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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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Nigeria’s Decagon raises millions to finance and...

August 6, 2021

This past decade, Nigeria has seen several companies cater to the development and growth of software engineers and tech talent in general. It’s a space many in the Nigerian ecosystem like to think is budding yet overcrowded. So when Chika Nwobi started Decagon in 2018, the perception was generally “here comes another tech talent accelerator.” Two years on, the entrepreneur who is a household name has significantly scaled the company to new heights. Today, Decagon is announcing its $1.5...

The first Zambian startup to get into...

August 6, 2021

More than 40 African startups from a handful of countries have gone through YC over the past decade. Zambia joins that list today, and its entrant, Union54, is a worthy first entry. Union54 (54 is a nod to the number of African countries) is a fintech company founded by Perseus Mlambo and Alessandra Martini. The startup claims to be Africa’s first card-issuing API and only just launched this year. But to paint the picture, Union54 didn’t come out of...

Dutch startup hub Utrecht emerges from Amsterdam’s...

August 6, 2021

While Amsterdam garners the lion’s share of attention in the Netherlands tech ecosystem, the not-so-far-away region around Utrecht has its fair share of tech startups and investors, as is evidenced by our latest survey of locals, below. Area ecosystem wranglers such as StartupUtrecht, UtrechtInc, Holland Startup, Utrecht Community and others bring startups, scaleups, corporates, angels, VCs, local government, banks and universities together to build the local startup ecosystem. They also benefit from the formidable Netherlands tech advocate initiative StartupDelta...

Daily Crunch: Google reveals new designs and...

August 5, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Extra Crunch for August 5, 2021. What goes up must come down. Mostly. That’s the lesson from Robinhood’s stock this week. It shot higher yesterday. And today it fell sharply. Something something stonks. Regardless, we have big news from Apple, Facebook, a host of startups and even some drones for you today....

Allocations sees a world where myriad, smaller...

August 5, 2021

This morning Allocations, a fintech startup building software to help smaller private equity funds form and operate, announced that it has raised a $4 million round at a $100 million valuation. The startup also shared a host of performance metrics, including that it reached a $4.6 million revenue run rate in June, and a $6 million bookings run rate in the same month. Allocations also told TechCrunch that it has posted 28% monthly revenue growth over the last 12...

As edtech evolves, LatAm reskilling platforms raise...

August 5, 2021

As Latin America attracts record-breaking venture capital totals, education technology startups in the region are given new opportunities to grow. In the past week, Coderhouse, a live cohort-based learning platform, and Crehana, an on-demand skills development service for the enterprise, both announced financing rounds. The back-to-back raises are a reminder that edtech’s relevance in LatAm isn’t just growing in classrooms, but also within organizations across LatAm. It’s a sign that both consumers and employers believe in the importance of reskilling...

Daily Crunch: Second-day trading surge launches Robinhood...

August 4, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for August 4, 2021. It’s been hectic: Robinhood’s stock lost its mind. Facebook made another chunk of the internet mad. And a new unicorn wants to go public? It’s been a great day for tech news. But before we get on with it, we’re excited to announce that TechCrunch is...

Next up on Synapse’s fintech services platform:...

August 4, 2021

When Sankaet Pathak co-founded Synapse in 2014, he had a vision of doing more than just building a platform that enables banks and fintech companies to easily develop financial services. He wanted to build a company that helped provide greater access to financial services to a larger pool of people — regardless of their net worth or their country of origin. Over the years, San Francisco-based Synapse has steadily grown its Deposit Hub, its product that is aimed at...

Neobanks’ moves toward profitability could be the...

August 4, 2021

The global venture capital bet on neobanks is massive. London-based Starling Bank has raised more than $900 million, per Crunchbase. The same data source indicates that Chime has raised $1.5 billion. Monzo has raised nearly $650 million. And the list goes on: E-commerce-focused neobank Juni raised $21.5 million last month. Novo, an SMB-focused neobank, raised $41 million in June. Nubank has raised $2.3 billion. And FairMoney has locked down more than $50 million. On and on and on. The...

Reserve Trust raises $30.5M to become the...

August 4, 2021

Reserve Trust, a Denver-based financial services provider, has raised $30.5 million in a Series A round led by QED Investors. FinTech Collective, Ardent Venture Partners, Flywire CEO Mike Massaro and Quovo founder and CEO Lowell Putnam also participated in the financing, which included $17.9 million in secondary shares. It brings the startup’s total raised since its 2016 inception to $35.5 million. Reserve Trust describes itself as “the first fintech trust company with a Federal Reserve master account.” What does...

Robinhood is now a stonk

August 4, 2021

Update: Trading of Robinhood shares has been halted due to volatility. The company’s stock paused at $65.60 on Robinhood itself. Yahoo Finance has a higher $77.03 price on the company’s equity, up a stunning 64.59% today. Things are fluid, but Robinhood may have been halted and then rose again when it resumed trading. Stonks indeed. Shares of Robinhood, an investing-focused consumer fintech company, soared this morning in pre-market trading. The stonk phenomenon, which helped propel minor companies like GameStop...

Financial concierge startup Zeni banks $34M to...

August 4, 2021

Zeni, a Palo Alto fintech company providing real-time financial services data to venture-backed startups, raised $34 million in Series B funding led by Elevation Capital. The new investment comes just five months after Zeni announced $13.5 million in a combined seed and Series A round. The company has now raised $47.5 million in total since it was co-founded in 2019 by twin brothers Swapnil Shinde and Snehal Shinde. Elevation was joined in the new round by new investors Think...

What Square’s acquisition of Afterpay means for...

August 3, 2021

On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means for the startup market. For context, the Square deal follows a ton of money and interest flowing into the BNPL market. Just this year, VCs have invested in companies...

Why Draper Esprit doubled down on its...

August 3, 2021

We cover a lot of venture capital news here at TechCrunch. New funds, partner changes, the funding rounds themselves — the list is long. Lately, we’ve had to touch on rolling funds, solo GPs and a faster-than-ever investing cadence that has rewritten the rules of venture investing. Gone are the days when investors can take weeks, let alone months, to get into a hot deal in today’s turbocharged private markets. But there’s another venture capital trend worth discussing: venture...

Kenya’s Wapi Pay raises $2.2M pre-seed for...

August 3, 2021

According to the World Bank, it is more expensive to send money to sub-Saharan Africa than to any region in the world. It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher than the global average of 6.8%. There’s much talk around sending money from Africa to the West, which has led to many startups using traditional (fiat) and nontraditional (crypto)...

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