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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.

 
Circle is a good example of why...
In the wake of Coinbase’s direct listing earlier this year, other crypto companies may be looking to go public sooner than later. That appears to be the case with Circle, a Boston-based technology company that provides API-delivered financial services and a stablecoin. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Circle will not direct list or pursue a traditional IPO. Instead, the company is combining with...

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Homebrew leads Z1’s effort to bring digital...
Z1, a Sao Paulo-based digital bank aimed at Latin American GenZers, has raised $2.5 million in a round led by U.S.-based Homebrew. A number of other investors also participated in the financing including Clocktower Ventures, Mantis – the VC firm owned by The Chainsmokers, Goodwater, Gaingels, Soma Capital and Rebel Fund. Notably, Mantis has also backed Step, a teen-focused fintech based in the U.S., and Goodwater has also invested in Greenlight, which too has a similar offering as Z1....

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Cryptocurrency company Circle to go public in...
Circle has announced that it plans to become a public company. The cryptocurrency company will merge with Concord Acquisition Corp, a SPAC. Circle is better known as one of the founding members of the Centre consortium with Coinbase. Along with other crypto partners, they have issued USD Coin (USDC), a popular stablecoin. A SPAC is a publicly traded blank-check company. Merging with a SPAC has become a popular way to become a publicly listed company for tech companies. According...

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Kenya’s MarketForce raises $2M, plans to focus...
A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried out via a network of about 100 million MSMEs.  Africa’s retail payments, mostly cash-based, is expected to reach $2.1 trillion by 2025. Kenya’s MarketForce wants to digitize a large portion of them. Today, the B2B retail end-to-end distribution platform is announcing the...

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Daily Crunch: Indian startups raised a record...
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 7, 2021! Today was a doozy, with everything from global startup fundraising news to frivolous lawsuits attacking tech companies all the way back to European unicorn liquidity. Hope you’re ready! Also, Early Stage is tomorrow. See you there! — Alex The TechCrunch Top 3 5 Former U.S. president...

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European challenger bank Bunq raises $228 million...
Amsterdam-based challenger bank Bunq has been self-funded by its founder and CEO Ali Niknam for several years. But the company has decided to raise some external capital, leading to the largest Series A round for a European fintech company. The startup is raising $228 million (€193 million) in a round led by Pollen Street Capital. Bunq founder Ali Niknam is also participating in the round — he’s investing $29.5 million (€25 million) while Pollen Street Capital is financing the...

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Investors find European unicorns reluctant to join...
The U.S. SPAC market kept rolling along this week with news that Satellogic will go public on the Nasdaq stock exchange thanks to a merger with a blank check company. The Earth-imagery-focused company is standard SPAC fare, with strong capital needs and distant revenues. It was not alone in pursuing the transaction type Tuesday, with news breaking that Nextdoor will also go public on the Nasdaq via a SPAC. Nextdoor’s projections, as TechCrunch noted, were more modest and thus...

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Tiger Global leads $34M investment into Unit21,...
Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger Global Management. The round values San Francisco-based Unit21 at $300 million and comes nine months after the startup raised a $13 million Series A that included investments from the founders of Plaid, Chime and Shape Security as well as former Venmo COO Michael Vaughan. ICONIQ Capital and existing backers...

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We want your city in TechCrunch’s European...
Do you want your city to get its own TechCrunch Survey? They join in!  So if you are a tech startup founder or investor in one of these cities please fill out our survey form here  Check the list of European cities we’ve surveyed so far in our regular <a href=”https://forms.gle/jCcVCV9TgRjqJcRZ7“>survey</a> of European founders and investors in cities <em>outside</em> the larger European capitals, and see below.  We want entrepreneurs and investors to talk about their ecosystems, in their own...

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After selling Bread last year for over...
When Daniel Simon sold Bread, a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. During the pandemic, Simon says he observed how much strain was placed on what he described as ‘real-world’ businesses and their employees — such as truck drivers, plumbers, HVAC installers and last-mile delivery people — “and how little the last decade of innovation in fintech...

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Raylo nabs $11.5M to get more mobile...
UK-based smartphone subscription startup Raylo has tucked $11.5 million in Series A funding into its top pocket, led by Octopus Ventures. The equity round follows a debt raise last year — and brings Raylo’s total raised since being founded back in 2019 to $40M (in equity and debt). Its roster of investors to date also includes the Macquarie Group, Guy Johnson of Carphone Warehouse and the co-founders of Funding Circle. The new funding will be used to charge up...

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Meet Super.mx, the Mexico City-based insurtech that...
Super.mx, an insurtech startup based in Mexico City, has raised $7.2 million in a Series A round led by ALLVP. Co-founded in 2019 by a trio of former insurance industry executives, Super.mx’s self-proclaimed mission is to design insurance for “the emerging Latin American middle class,” according to CEO Sebastian Villarreal. “That means insurance that is easy to buy – it can be bought on a cell phone in minutes – and that pays quickly with no adjusters,” he said....

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MAGIC Fund raises $30M to scale its...
Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.”  His platform AngelList has helped individual founders-cum-investors source and participate in deals via collectives. However, some venture firms have taken this up a notch by bringing founders to create a fund and invest together. Today, one of such, MAGIC...

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White label fintech platform Toqio secures $9.4M...
The upside of the Open Banking regulations which have swept jurisdictions like the UK and the EU is that many more challenger banks have appeared. The headache for either incumbent banks or for upstart startups is the very proliferation of these new banks and financial tech products. But as we know, in gold rushes, the people selling the picks and shovels usually win. Thus, startups have turned their attention, not to launching full-stack banks, but to full-stack platforms that...

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Byrd raises $19M to expand Amazon-style fulfillment...
E-commerce in Europe is set to grow 30% percent this year, with the online shopping surge that started at the rise of Covid-19 showing little sign of abating. Today, a startup that’s building infrastructure in the region to help merchants fill and deliver those orders — and present an alternative to using Amazon for fulfillment — is announcing funding to expand its footprint to meet that demand. Byrd, which builds software to manage warehouses and logistics operations, and also...

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