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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.

 
Stackin’ raises $12.6M Series B to help...
Fintech’s funding boom for the past decade has led to a flurry of new consumer startups tackling a wide range of money-related issues, from saving apps to investing platforms. Should you download Robinhood, Stash, Public, Acorns, or Truebill? The fintech craze creates confusion for consumers when it comes to figuring out which startup is the best to handle your money. That clutter has created room for Venice-based Stackin’, a curated marketplace for fintech apps that today raised $12.6 million...

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Providing card services to fintech companies around...
This could have been Marqeta’s year to list as a public company on a major American stock exchange. The company, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing. In the previously torrid public market environment that was supposed to see public listings from Airbnb and other unicorn companies, Marqeta could have been a contender. Now, in the...

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Fintech regulations in Latin America could fuel...
Ximena Aleman Contributor Ximena Aleman is co-founder and chief business development officer at Prometeo, an open banking platform that serves Latin America. It may have entered the game later than other leading regions such as Europe and North America, but Latin America’s fintech industry is dynamic and growing fast. The sector was recently given a valuation of more than $150 billion and continues to expand year-on-year. And while the longer-term impact of COVID-19 on the sector is yet to be...

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LeverEdge wants to get you and your...
Student loans are both a trillion-dollar debt category and also one of the most popular mini-verticals out there in fintech startup investing right now. There are dozens if not hundreds of companies in the space, and they all mostly do one of two things: either they help students think through their student loan options before choosing one (acting as a financial advisor to avoid mistakes) or they help students after they finish school figure out how to optimize their...

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Coinbase to acquire Tagomi to improve institutional...
Cryptocurrency exchange company Coinbase has announced plans to acquire Tagomi, an advanced cryptocurrency brokerage platform specifically targeted at professionals and institutional investors. Terms of the deal are undisclosed and the acquisition is still pending regulatory approval. While Coinbase is a well-known name for retail investors who are just getting started in the cryptocurrency space and want to buy some bitcoins, the company has been ramping up its offering for professional investors. The main Coinbase.com interface remains relatively simple to...

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GoBear raises $17 million to expand its...
Singapore-based fintech startup GoBear has raised $17 million from returning investors Walvis Participaties, a Dutch venture capital firm, and Aegon N.V., a life insurance and asset management provider. The funding brings GoBear’s total funding so far to $97 million, and will be used to expand its consumer financial services platform, which is available in seven Asian markets: Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Founder and CEO Adrian Chng told TechCrunch that GoBear will focus on...

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Lightweight ‘banking via messaging’ services are getting...
More evidence that Gen Z is switching to chat platforms for just about everything, including banking, emerges today in the news that Zelf, a fintech startup offering neobank-style services, is generating buzz amongst Gen-Zers in Spain and France. Its ability for users to interact solely via messaging has seen the startup hit over 260,000 card pre-orders since its launch in early April, according to the company, which is specifically targeting Gen Z. They are not alone. Other players in...

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Facebook rebrands Libra wallet Calibra to Novi
When Facebook unveiled Libra, its cryptocurrency project, there were two distinct entities — the Libra Association, a not-for-profit that oversees all things Libra, and Calibra, a Facebook subsidiary that is building a Libra-based wallet with integrations in WhatsApp and Messenger. Today, Facebook announced that Calibra has a new name, Novi. By rebranding Calibra to Novi, Facebook is trying to make it super clear that the Libra project isn’t a Facebook project per se. Facebook is just a member of the...

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Omidyar-backed Spero Ventures invests in Mexico City’s...
Spero Ventures, the venture capital firm backed by eBay founder Pierre Omidyar, has gone to Mexico City for its latest investment, backing the identity verification technology developer Mati. Launched in San Francisco, the two co-founders Filip Victor and Amaury Soviche, decided to relocate to Mexico because of its proximity to big, untapped markets in Mexico, Brazil, and Colombia. “After developing the technology in San Francisco, we chose to start commercially in Latin America. It has been the perfect petri dish...

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Benepass raises $2.4 million to help employees...
Tax-advantaged benefits, like flexible spending accounts, can save employees in the United States thousands of dollars annually, and reduce the amount of payroll taxes companies pay. But those benefits are often underutilized, simply because they can be confusing to navigate. Benepass wants to make the process easier with a mobile app that centralizes all of an employee’s tax-advantaged accounts, and is linked to physical and virtual payment cards. The startup announced today that it has raised a $2.4 million...

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Cloud canteen startup Feedr has been acquired...
Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. The price is described as “in the region” of $24 million, while I understand the the deal between the two companies was completed in early March 2020. Compass Group says the purchase of Feedr will help accelerate its digital transformation, and — amidst the coronavirus crisis —...

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China Roundup: A blow to US-listed Chinese...
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and TikTok’s high-profile new boss. China tech abroad Further decoupling Over the years, American investors have been pumping billions of dollars into Chinese firms listed in...

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The Station: Hertz files for bankruptcy, hailing...
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. Memorial Day is this coming Monday, a holiday meant to honor military personnel who died while serving in the U.S. Armed Forces. Over the years, it has evolved for many Americans who use the three-day weekend to fire up the grill, go camping, head to the...

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Xiaomi’s investment house of IoT surpasses 300...
Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3 billion yuan ($4.54 billion) in book value and 225.9 million yuan ($32 million) in net gains on disposal of investments in just the first quarter. The electronics giant has surely lived up to its ambition to construct an ecosystem of the internet of things, or...

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Create a 90-day timeline after fundraising to...
Medha Agarwal Contributor Medha Agarwal is a former founder and an early-stage investor at Redpoint Ventures, working with entrepreneurs focused on fintech, marketplaces and the future of work. As the coronavirus pandemic has disrupted the nature of businesses and the way we work, it’s making even more clear how important communication is when it comes to effective collaboration. I’ve been reflecting on this a lot, particularly with regard to building great relationships between founders and investors, because we’ve recently...

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