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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.

 
Revolut’s 2020 financial performance explains its big...
News broke this morning that Revolut, a U.K.-based consumer fintech player, raised a Series E round of funding worth $800 million at a valuation of $33 billion. Those figures are breathtaking not only due to their sheer scale, but also thanks to their radical divergence from Revolut’s preceding funding event. At times, The Exchange, TechCrunch’s markets-and-startups column, runs into two topics worth exploring in a single day. Today is such a day. You can check out our earlier notes...

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What impact will Apple’s buy now, pay...
Bloomberg broke news earlier this week that Apple, the consumer hardware giant with a rising services focus, is building a buy now, pay later (BNPL) service that will integrate with its Apple Pay system. The news sent shares of Affirm down just over 10% by the end of the day, and it shed 2.5% of its value yesterday. It’s off a little more than 61% from the highs it set after debuting earlier this year. In light of information...

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M1 Finance raises $150M in SoftBank-led Series...
Just over four months after announcing a $75 million Series D, M1 Finance today is announcing a new $150 million Series E round of funding led by SoftBank’s Vision Fund 2. The financing, which also included participation from existing backers, propels the Chicago-based fintech to unicorn status with a valuation of $1.45 billion. It also marks M1’s fourth funding round in just over a 13-month time frame, and brings its total raised since its mid-2015 inception to over $300...

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Accounting firm Proper banks $9M Series A...
Proper, an automated accounting and bookkeeping service for property managers, announced Wednesday it raised $9 million in Series A funding in a round led by QED. Existing investors MetaProp, Expa and Bling Capital also participated in the round, which gives the San Francisco-based proptech company a total amount raised of $13.8 million. The company brought in $4.8 million of seed funding last August. CEO Mark Rojas, whose background is in product development, founded Proper in 2017 after spending a...

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Railsbank raises $70M to build out its...
Financial services-as-a-service — where entities like neobanks, retailers and others can create and sell their own financial products by way of a few lines of code and APIs — has been one of the bigger trends in the world of fintech in recent years, with embedded finance on its way to being a $7.2 trillion market by 2030, according to forecast from Bain Capital. Now, one of the companies building and providing those APIs is announcing some growth funding...

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Investment app Syfe raises $30M Series B...
Syfe founder Dhruv Arora Investment apps in Southeast Asia are attracting a lot of funding, and now some are raising fast follow-on rounds, too. For example, Indonesian robo-advisor app Bibit raised $65 million in May just four months after a $30 million growth round. Now Singapore-based Syfe is announcing that it has closed a $30 million Series B, only nine months after its Series A. It also said all of Syfe’s full-time employees will receive equity in the company....

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Where is suptech heading?
Marc Gilman Contributor Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by this contributor AI as a blueprint for fintech startups Recommendations for fintech startups navigating the procurement process Technology plays a huge role in nearly every aspect of financial services today. As the world moved online, tools and infrastructure to help people manage their money and make payments have burgeoned...

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Ramp adds merchant ‘blocking’ to corporate credit...
Ask any employee and they’ll tell you one of their least favorite things to do is file expenses. And for companies, the process of managing corporate spend is one of their biggest challenges. Corporate credit cards help ease that pain, so it’s no surprise that the competition between startups in the space is heating up by the day.  One of the fastest growing players in the space is Ramp, a fintech company that earlier this year secured a $150...

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Remote raises $150M on a $1B+ valuation...
For many of us, going to work these days no longer means going into a specific office like it used to; and today one of the startups that’s built a platform to help cater for that new, bigger world of employment — wherever talent might be — is announcing a major round of funding on the back of strong demand for its tools. Remote, which provides tools to manage onboarding, payroll, benefits and other services for tech and other...

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Vara raises $4.8M from investors like Go...
Staff management platform Vara’s team If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. BukuKas and BukuWarung, for example, both recently raised large rounds to fuel their race to digitize SMEs’ operations. Founded in November 2020, Vara is focused specifically on making staff management easier for small businesses and their workers, replacing the notebooks or spreadsheets many relied on to keep track of payroll...

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Nasir Qadree grew up in the projects;...
Nasir Qadree had been working in the world of venture capital for the last six years, starting with a role at Village Capital in Washington, then as an associate director of social investments at AT&T, and as a venture partner with Pier 70 Ventures in Seattle. Qadree encountered even more opportunities to join established venture firms recently. In fact, he says that after deciding early last year to embark on launching his own firm — and garnering capital commitments...

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Elevate Brands banks $250M to roll up...
The Amazon roll-up play — where one company creates economies of scale by buying up and consolidating multiple smaller third-party merchants that sell their goods via Amazon’s marketplace — continues to be a strong e-commerce trend, and in the latest development, one of the hopefuls in this space is announcing a major injection of capital to fuel its own place in the field. Elevate Brands, a New York- and Austin-based startup that acquires and runs third-party Amazon merchants, has...

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This Week in Apps: Android ad prices...
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...

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Europe’s DN Capital launches its new $350M...
DN Capital, one of Europe’s most active VCs has launched its latest $350 million (£220m, €300m) fund off the back of a pretty stand-out year when the firm saw four of its portfolio companies hit billion-dollar-plus valuations. DN’s ‘Fund V’ will invest across Europe, the UK and the US, but with strongly European LPs, DN has garnered a reputation for digging up some of continental Europe’s hottest startups from, North, Western, Central, and Eastern Europe. Led by industry veterans...

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Daily Crunch: Indian food delivery startup Zomato...
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 8, 2021. Forget about Hot ___ Summer. It’s Hot IPO Summer in technology land, and today’s news underscores just how inviting the global exit market is proving to be. But before we get into the TechCrunch Top 3, the good news from the site is that our latest...

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