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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.

 
Henry picks up cash to be a...
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Now that the spotlight has arrived, those same startups need more talent than ever before to meet demand. That’s where one seed-stage Buenos Aires startup wants to help. Henry has created an online computer science school that trains software developers from low-income backgrounds to understand technical skills and get employed. The company was founded by brother-sister duo Luz...

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This is a good time to start...
Colton Pace Contributor Colton Pace is an investor at Fika Ventures. He previously held roles investing at Vulcan Capital and Madrona Venture Labs. More posts by this contributor A COVID-19 resilience test for B2B companies Like many things in life, building great businesses is all about timing. We’ve seen multibillion dollar failures from the dot-com era such as Pets.com and Webvan be reincarnated a decade later as Chewy and Instacart — this time as runaway successes. The same could...

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Stripe announces embedded business banking service Stripe...
Fintech startup Stripe has announced an ambitious new product today called Stripe Treasury. The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. This is part of a bigger trend called embedded finance. Essentially, instead of separating banking services from other services that you use, embedded finance products provide financial services as close as possible to...

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As crypto comes back, Binance-backed Injective Protocol...
Decentralized exchange protocols that allow crypto traders and investors to trade across different blockсhains have been in development for a while. A significant new development now comes with the launch of the “Testnet” from Injective Protocol. Injective has been backed by Binance, one of the biggest centralized exchanges in the crypto world. Injective Protocol is one of the first universal “DeFi” (Decentralised Finance) protocols for cross-chain derivatives trading, so the launch of the Testnet is an important milestone. Injective’s...

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Twitter now supports hardware security keys for...
Twitter said Wednesday that accounts protected with a hardware security key can now log in from their iPhone or Android device. The social media giant rolled out support for hardware security keys in 2018, allowing users to add a physical security barrier to their accounts in place of other two-factor authentication options, like a text message or a code generated from an app. Security keys are small enough to fit on a keyring but make certain kinds of account...

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Helping big banks out-Affirm Affirm and out-Chime...
Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their more nimble digital counterparts. The company, which spun out from the startup lending company Avant in January of this year, has already inked deals with Banco Popular, HSBC, Regions Bank and TD Bank to power their digital banking services and offer products like point-of-sale lending...

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Teen banking service Step raises $50M, adds...
Step, a mobile banking service aimed at teens, announced this morning it has raised $50 million in Series B funding after growing to over 500,000 users only two months after its official launch. The round was led by Coatue, with returning investors from Stripe, Crosslink Capital, Collaborative Fund, and Will Smith’s Dreamers VC. The startup also added some celeb investors to this round, including Charli D’Amelio, Justin Timberlake, The Chainsmokers, as well as big names from the world of...

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Monzo, the U.K. challenger bank, picks up...
Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another £60 million in funding, priced the same as and effectively an extension of the its previous top-up round in June. This saw Monzo valued by private investors at around £1.2 billion, marked by industry observers as a down round. It was lower than the upstart bank’s previous — perhaps overheated — valuation, before the Coronavirus pandemic skewed leverage in favour of investors or forced...

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Revolut launches early salary feature in the...
Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with Revolut, you know that you can see your past transactions and access your account from a regular web...

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Fundr, launching its first portfolio, uses an...
For all the ways that the Silicon Valley scene excels, diversity and inclusion is not one of them. But a new startup called Fundr is looking to do the heavy lifting to help investors diversify their portfolio. Fundr is an investment marketplace founded by Lauren Washington, Boris Moyston, and Jean-Philippe Desmontils. The platform is aimed at angel investors, but available to institutional VCs as well, to do the vetting and due diligence across the startup ecosystem that angels don’t...

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Facebook-backed Libra Association rebrands as Diem
The Libra Association, a consortium created by Facebook to support its Libra cryptocurrency efforts, announced this morning that it has a new name — the Diem Association — and made some key hires ahead of its launch. This is just the latest course correction since the Libra project was announced last year. In an attempt to appease financial regulators around the world, the association shifted its strategy away from creating a global stablecoin and will instead launch multiple stablecoins,...

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SoftBank takes a $690M stake in cloud-based...
On the heels of Facebook taking a big step into customer service with the acquisition of Kustomer for $1 billion, another big move is afoot in the world of CRM. Sinch, a Swedish company that provides cloud-based “omnichannel” voice, video and messaging services to help enterprises communicate with customers, has announced that SoftBank is taking a $690 million stake in the company. Sinch said that it plans to use the proceeds of the share sale for M&A of its...

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Nordigen introduces free European open banking API
Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are too expensive. Instead, Nordigen thinks it can provide a free API to access account information and paid services for analytics and insights services. Open banking is a broad term and means different things, from account aggregation to verifying account ownership...

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With an eye for what’s next, longtime...
Josh Elman is moving over to Apple, he announced on Twitter today, saying he will be focused on the company’s App Store and helping “customers discover the best apps for them.” Asked for more details about his new role, Elman referred us to Apple, which confirmed his employment but declined to offer more, including about his new title. (This is typical operating procedure for the tech giant.) Certainly, Elman has plenty of experience with fast-growing technologies and popular apps...

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Strike first, strike hard, no mercy: How...
TX Zhuo Contributor TX Zhuo is the managing partner of Fika Ventures, focusing on fintech, enterprise software and marketplace opportunities. More posts by this contributor A COVID-19 resilience test for B2B companies Discovering that deckhands make great waiters — and why this matters Huston Collins Contributor Huston Collins is an investor at Fika Ventures. He was previously an associate at Greenspring Associates where he started the firm’s machine learning platform. Like many of us during COVID-19, I’ve found myself...

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