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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.

 
Rapyd raises $300M on $8.75B valuation as...
Neobanks, other financial startups and the basic concept of “finance anywhere” are seeing huge gains at the moment, and today one of the key companies building the infrastructure that powers services like these is announcing a major growth round of funding to double down on the opportunity. Rapyd — which provides a range of financial services like payments, mobile wallets, money transfers, card issuing, fraud protection and more, all by way of an API for third parties to integrate...

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Daily Crunch: Zoom will pay $85M to...
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 Monday, August 2, 2021. What a day. Square kicked off this week’s news cycle with a megadeal, Google popped up with new hardware, and there are new VC funds aplenty. It’s busy, but before we get started, there’s a special summer edition of Extra Crunch Live this week that’s...

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The next generation of global payments: Afterpay...
Dana Stalder Contributor Dana Stalder is a partner at Matrix Partners. The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. More posts by this contributor Fintechs could see $100 billion of liquidity in 2021 2019 saw a stampede of fintech unicorns Sunday was a big day in fintech: Afterpay has agreed to merge with Square. This agreement sets two of...

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Tech leaders can be the secret weapon...
Jeff Sternberg Contributor Jeff Sternberg is a technical director in the Office of the CTO (OCTO) at Google Cloud, a team of technologists and industry experts that help Google Cloud’s customers solve challenging problems and disrupt their industries. Environmental, social and governance (ESG) factors should be key considerations for CTOs and technology leaders scaling next generation companies from day one. Investors are increasingly prioritizing startups that focus on ESG, with the growth of sustainable investing skyrocketing. What’s driving this...

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Why Square is shelling out $29B to...
Shares of Square are up this morning after the company announced its second-quarter earnings and that it will buy Afterpay, an Australian buy now, pay later (BNPL) player in a $29 billion deal. As TechCrunch reported this morning, Afterpay shareholders will receive 0.375 shares of Square in exchange for their existing equity. Shares of Afterpay are sharply higher after the deal was announced thanks to its implied premium, while shares of Square are up 7% in early-morning trading. The...

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Square to buy ‘buy now, pay later’...
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in the first quarter of 2022, contingent upon certain closing conditions. It values Afterpay at more than 30% premium to its latest closing price of...

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The pandemic effect is slowing
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here.  Our work this week kicked off in China, dug into African startup activity, dealt with China once again, took a very deep dive into the Latin American startup ecosystem and wrapped with a second look at the Robinhood IPO. In other...

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This Week in Apps: Instagram restricts teens’...
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per...

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Daily Crunch: European privacy regulators fine Amazon...
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 July 30, 2021. What a week, my friends. It was packed full of IPOs and earnings and startup news and new venture funds. And today was no exception. Before we get into it, however, I am happy to report that Calendly CEO Tope Awotona is coming to Disrupt. It’s...

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Chilean fintech Xepelin secures $230M in debt...
Chilean startup Xepelin, which has created a financial services platform for SMEs in Latin America, has secured $30 million in equity and $200 million in credit facilities. LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors. LatAm- and U.S.-based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. In total over its...

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Why Latin American venture capital is breaking...
Today we’re wrapping our multi-week exploration of the global venture capital market’s second-quarter performance. We’ve gone around the world, working to better understand the geyser of cash flowing into today’s startups. But we’ve saved the best for last: Latin America. At a glance, the Latin American venture capital and startup market appears similar to what we’ve seen from other growing ecosystems. Like the U.S., Canadian, European, Indian and African startup hubs, Latin America is seeing venture capital activity set records. The Exchange...

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Tenderly raises $15.3M to help Ethereum developers...
Blockchain infrastructure startups are heating up as industry fervor brings more developers and users to a space that still feels extremely young despite a heavy institutional embrace of the crypto space in 2021. The latest crypto startup to court the attention of venture capitalists is Tenderly, which builds a developer platform for Ethereum devs to monitor and test the smart contracts that power their decentralized apps. Tenderly CEO Andrej Bencic tells TechCrunch his startup has closed a $15.3 million...

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PayPal’s new ‘super app’ is ready to...
PayPal’s plan to morph itself into a “super app” have been given a go for launch. According to PayPal CEO Dan Schulman, speaking to investors during this week’s second-quarter earnings, the initial version of PayPal’s new consumer digital wallet app is now “code complete” and the company is preparing to slowly ramp up. Over the next several months, PayPal expects to be fully ramped in the U.S., with new payment services, financial services, commerce and shopping tools arriving every...

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Daily Crunch: No-code startup Bubble pops with...
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 July 27, 2021. Today is a good day not only because the U.S. women’s national soccer team is heading to the Olympics quarter finals (shoutout Gotham’s Carli Lloyd!), but also because Danny Crichton just published an incredibly interesting EC-1 digging into RapidSOS. Danny has previously written extensively about disaster...

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African startups join global funding boom as...
The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. Globally, the venture capital world is afire, pushing record sums into upstart technology companies. But the capital is not flowing evenly. For example, the explosion in capital raised by U.S. startups this year is contrasted by a modestly cooling Chinese venture capital scene. But apart from China,...

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