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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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Shopify allows merchants to sell NFTs directly...

July 27, 2021

Shopify has made it possible for eligible sellers to sell NFTs (non-fungible tokens) via its platform, which opens up a whole new world for e-commerce merchants. On Monday, the NBA’s Chicago Bulls launched its first-ever NFTs –– including digital artwork of NBA championship rings –– by launching an online store on Shopify. Instead of having to go to an NFT marketplace, Bulls fans can now purchase the digital art directly with the team’s online store using a credit or...

Crypto infra startup Fireblocks raises $310M, triples...

July 27, 2021

Fireblocks, an infrastructure provider for digital assets, has raised $310 million in a Series D round of funding that tripled the company’s valuation to $2.2 billion in just over five months. Sequoia Capital, Stripes and Spark Capital co-led Fireblocks’ latest round, which also included participation from Coatue, DRW VC and SCB 10X – the venture arm of Thailand’s oldest bank – and Siam Commercial Bank. The latter is the third global bank to invest in Fireblocks in addition to...

Nium crosses $1B valuation with $200M Riverwood...

July 27, 2021

Business-to-business payments platform Nium announced Monday that it raised more than $200 million in Series D funding and saw its valuation rise above $1 billion. The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.” Riverwood Capital led the round, in which Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital and Rocket Capital Investment participated, along with a group of angel investors like DoorDash’s...

Daily Crunch: Accused January 6 insurrectionist must...

July 26, 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 July 26, 2021. Tech news got off to a cracking start this week after the Chinese government spent the weekend rolling out a new regulatory framework for the myriad edtech startups in the country. The Ant IPO was really just the start of the recent blizzard of changes concerning...

Solarisbank raises $224M at a $1.65B valuation...

July 26, 2021

Embedded finance — the process by which some of the more complicated, but also commoditized, aspects of financial services are built and wrapped in an API for anyone else to implement in their own products for end users — has become a huge cornerstone of how fintech is built today. Now, one of the earlier and bigger movers in the space is announcing a major round of growth funding to build out its own. Solarisbank, a Berlin startup that...

The Station: Rivian adds to its EV...

July 26, 2021

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Sunday in your inbox. Hello frens and readers. Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Hey so maybe y’all missed it, but we shared some exciting news this week. Transportation Secretary Pete Buttigieg will join us for a...

How one founder aims to make money...

July 26, 2021

Aditi Shekar’s path to entrepreneurship was a very intentional one, and while it wasn’t quite a childhood dream, it was the real-world version of the goals she did have as a kid. Fast forward to today, and Aditi’s company Zeta is on a rocket ship ride in fintech, having recently jumped from being a money management and virtual advisor app for couples, to an actual financial solutions provider built from the ground up with shared financial management in mind....

Sila banks $13M to offer single API...

July 26, 2021

Sila announced Monday it raised $13 million in Series A funding for its banking and payment platform that gives software teams tools to build the next generation of financial products and services. Revolution Ventures led the round and was joined by existing investors Madrona Venture Group, Oregon Venture Fund and Mucker Capital, as well as Wise co-founder Taavet Hinrikus. The funding brings the total investment to date for Portland, Oregon-based Sila to $20 million. The company was founded in...

One of Nigeria’s high profile angel investors...

July 26, 2021

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital, a Pan-African venture capital firm he co-founded with Abe Choi, a U.S.-based entrepreneur and investor. Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in...

This Week in Apps: Clubhouse opens up,...

July 24, 2021

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...

Sequoia’s Mike Vernal outlines how to design...

July 23, 2021

Sequoia’s Mike Vernal has worn many hats. He was VP of product and engineering at Facebook for eight years before getting into investment. His portfolio includes Houseparty, Threads, Canvas, Citizen, PicsArt and more, and he continues to invest in companies across a broad spectrum of stages and verticals, including consumer, enterprise, marketplaces, fintech and more. Vernal joined us at TechCrunch Early Stage: Marketing and Fundraising earlier this month to discuss how founders should think about product-market fit, with a...

Checkout is the key to frictionless B2B...

July 23, 2021

Andrew Steele Contributor Andrew Steele is an investor at Activant Capital. He focuses on fintech and e-commerce infrastructure and is based in New York. COVID-19 cemented e-commerce into everyone’s daily habits in 2020, and as we look ahead, B2B e-commerce is quickly becoming the next frontier for founders and investors. The pandemic pushed businesses online, and the emergence of B2B marketplaces and e-commerce infrastructure is fueling a new wave of growth that’s estimated to reach $3.6 trillion in annual...

Paystand banks $50M to make B2B payments...

July 23, 2021

It’s pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that. The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. The company raised $50 million Series...

Jack Dorsey says bitcoin will be a...

July 23, 2021

Twitter CEO Jack Dorsey confirmed to investors that bitcoin will be a “big part” of the company’s future, as he sees opportunities to integrate the cryptocurrency into existing Twitter products and services, including commerce, subscriptions and other new additions like the Twitter Tip Jar and Super Follows. Dorsey has been a staunch bitcoin advocate for years, but how it would be put into action on Twitter’s platform had not yet been spelled out in detail. However, Dorsey has often...

Daily Crunch: Today’s widespread internet outage ‘not...

July 22, 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 July 22, 2021. Today we have a lot of news for you, but with a notable twist. Normally we have lots of startup news and a few notes from Big Tech companies. Today we have a lot from both, so strap in. Also, U.S. Secretary of Transportation Pete Buttigieg...

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