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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.

 
Singapore-based open finance startup Finantier gets backing...
Being “underbanked” doesn’t mean that someone lacks access to financial services. Instead, it often means they don’t have traditional bank accounts or credit cards. But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Finantier, a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their...

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Liberis, the embedded finance provider for SMEs,...
Liberis, the U.K.-based fintech that provides finance for small businesses as an alternative to a traditional bank loan or extended overdraft, has replenished its own coffers with £70 million in funding. The round is a mixture of debt and venture debt, although the company is declining to disclose the percentage split, so we can likely chalk this up as mostly debt to fund the loans Liberis issues. Providing the financing are previous backers British Business Investments, Paragon Bank and...

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Daily Crunch: Stimulus bill includes money for...
We look at the tech implications of the new stimulus bill, Lockheed Martin makes a big rocket engine acquisition and Google Cloud expands. This is your Daily Crunch for December 21, 2020. The big story: Stimulus bill includes money for broadband and energy The $900 billion pandemic relief bill that lawmakers agreed on over the weekend includes a number of provisions that could have a significant impact on the tech industry. For one thing, it commits $7 billion to...

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Fintech startups are increasingly focusing on profitability
Fintech startups have been massively successful over the past few years. The biggest consumer startups managed to attract millions — sometimes even tens of millions — of users and have raised some of the biggest funding rounds in late-stage venture capital. That’s why they’ve also reached incredible valuations. After a few wild years of growth, fintech startups are starting to act more like traditional finance companies. And yet, this year’s economic downturn has been a challenge for the current...

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Can you IPO sneakers? Also, this is...
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Subscribe here.  Ready? Let’s talk money, startups and spicy IPO rumors. Sweet dreams are made of IPOs, so merry f****** Christmas We’re all very tired but there’s still so much news to go over I am sorry Can you IPO sneakers? Also, this is the last...

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This Week in Apps: App Store privacy...
Welcome back to This Week in Apps,  href=”https://techcrunch.com/tag/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 is as hot as ever, with a record 204 billion downloads and $120 billion in global consumer spend in 2019. Not including third-party Chinese app stores, iOS and Android users downloaded 130 billion apps in 2020. Consumer spend also hit a record $112 billion across iOS and Android alone. In 2019, people...

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Brazilian lending company Creditas raises $255 million...
Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. The company’s credit portfolio has crossed 1 billion reals ($196.66 million) and the new round will value the company at $1.75 billion thanks to $570 million raised in outside financing over five rounds. Creditas is the latest company to benefit from a boom in financial services startup investing across the region. As the...

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Is rising usage driving crypto’s recent price...
Everything is dumb until it works. As 2020 comes to a close, the cryptocurrency world is experiencing another late-year surge of consumer interest as prices climb in value. Bitcoin is over $23,000 as I write to you, an all-time high. Ethereum’s cryptocurrency has recovered sharply as well, returning to mid-2018 prices. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. These gains have created a huge amount...

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2020’s top 10 enterprise M&A deals totaled...
While 2020 won’t be remembered fondly by many of us for much of anything, it was a blockbuster year for enterprise M&A with the top 10 deals totaling an astounding $165.2 billion. This is the third straight year I’ve done this compilation. Last year the number was $40 billion. The year prior it was $87 billion. Those numbers pale in comparison to 2020’s result. Last year’s biggest deal — Salesforce buying Tableau for $15.7 billion — would have only...

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Robinhood pays $65M to settle SEC charges...
Today, American securities watchdog the SEC announced that Robinhood, a free-to-trade broker that has grown rapidly in recent years, has paid a $65 million fine to settle charges relating to some of its historical business practices. The actions at issue occured between 2015 and 2018, with the SEC alleging that the company “made misleading statements and omissions in customer communications” about how it generated “its largest revenue source” – specifically, payment for order flow. The SEC also said that the...

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From startups to Starbucks: The embedded API...
Simon Wu Contributor Simon is an Investment Director with Cathay Innovation where he responsible for screening, evaluating and executing potential investments as well as post-investment monitoring. More posts by this contributor How retailers can survive the Amazon era Stripe recently made headlines with its entrance into the banking world with Stripe Treasury. The news follows Google’s banking and payments announcement along with IPO bound companies such as Airbnb, DoorDash and Affirm all mentioning “financial services” in S-1 filings —...

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Lydia raises another $86 million to build...
French fintech startup Lydia has extended its Series B round. Accel is leading the extension with all major existing shareholders also participating. Lydia first raised $45 million in January 2020 — Tencent led that investment. The startup is now raising another $86 million, which means that Lydia has raised $131 million in total as part of its Series B round. While Lydia wouldn’t discuss the valuation of the round, its co-founder and CEO gave me a hint. “The value...

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Upstart and Wish price their debuts as...
Today we’re digging into the IPO pricing of Upstart and Wish, perhaps the final fintech and e-commerce debuts of the year. Both unicorns priced last night and will begin trading this morning. But first, a programming note: The Exchange will publish through next Tuesday before taking a break until 2021; the last newsletter of the year will go out this weekend. And, just while we’re here, Equity will continue to drop, with some special episodes being compiled this week....

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This VC introduced Palantir’s first business hire...
You might not know yet of XYZ Venture Capital, a four-year-old, San Francisco-based seed-stage venture firm, but many veterans of Palantir are surely aware of it. XYZ says it has already backed 22 startups whose founders came out of the data analysis company, including most notably, Anduril, Lucky Palmer’s defense tech startup. In fact, the founder of XYZ, Ross Fubini, says his firm wrote Anduril its first check. It all dates back to a key introduction. Fubini is a...

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Revolut launches mid-tier subscription plan
Fintech startup Revolut is tweaking its subscription plans with a new mid-tier offering called Revolut Plus — it costs £2.99 per month. Like N26 Smart and Monzo Plus, the new plan is a pandemic-proof package that doesn’t focus as much on travel. For the past couple of years, challenger banks and alternatives to traditional bank accounts have been packaging additional services into paid plans. Essentially, those fintech startups are slowly becoming freemium software-as-a-service companies. The majority of users don’t...

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