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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.

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Tuna raises $3M to address complexity of...

August 26, 2021

Tuna is on a mission to “fine tune” the payments space in Latin America and has raised two seed rounds totaling $3 million, led by Canary and by Atlantico. Alex Tabor, Paul Ascher and Juan Pascual met each other on the engineering team of Peixe Urbano, a company Tabor co-founded and he referred to as a “Groupon for Brazil.” While there, they came up with a way to use A/B testing to create a way of dealing with payments...

Daily Crunch: South Korea’s parliament delays final...

August 25, 2021

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 August 25, 2021. If you wanted to know just how fast the technology news cycle is running today, look no further than our lead story. You’ll note that it is a complete reversion of the week’s previously most important news item! What a world! — Alex The TechCrunch Top...

OnlyFans’ policy change is a tale as...

August 25, 2021

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. For our Wednesday show this week, Natasha and Alex and Danny had colleague Amanda Silberling on the show to help us parse through OnlyFans’ precedent-setting move to ban sexually-explicit content on its service. The decision was a bolt from the blue for many of its creators, a great portion of whom created and monetized adult videos and images through the subscription service. It also stirred up a ton...

Ramp and Brex draw diverging market plans...

August 24, 2021

Earlier today, spend management startup Ramp said it has raised a $300 million Series C that valued it at $3.9 billion. It also said it was acquiring Buyer, a “negotiation-as-a-service” platform that it believes will help customers save money on purchases and SaaS products. The round and deal were announced just a week after competitor Brex shared news of its own acquisition — the $50 million purchase of Israeli fintech startup Weav. That deal was made after Brex’s founders...

Fika Ventures nearly triples its assets under...

August 24, 2021

Fika Ventures is a five-year-old, LA-based seed-stage fund that has been funding mostly business-to-business startups, as well as fintech companies and a sprinkling of healthcare IT startups — as long as they don’t involve hardware or FDA approval. The firm’s investors apparently think it’s doing a decent job. After raising $41 million for its debut fund, followed by a $77 million fund that Fika closed in 2019, the outfit is today announcing a third flagship fund with $160 million...

Paxos renames its stablecoin from PAX to...

August 24, 2021

Paxos, the company behind the Paxos Standard stablecoin (PAX), has announced that it is changing the name of its crypto asset. Paxos Standard is now Pax Dollar, and you’ll soon be able to identify it on your favorite cryptocurrency exchange, wallet or explorer under the USDP ticker. Other than the name, USDP remains fundamentally identical to PAX. Like other stablecoins, USDP has been invented so that its value doesn’t fluctuate over time when you compare it to fiat currencies....

Why global investors are flocking to back...

August 24, 2021

The Latin America startup ecosystem is having a great year, with mega-rounds being announced at breakneck speed and new unicorns minted almost monthly. This is mostly due to the clearly maturing startup scene in the region, with proven successes such as Nubank, Cornershop, Gympass and Loggi helping to bolster LatAm’s credibility. Interestingly, many of the region’s rounds are led by or saw participation from investors based elsewhere. Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and...

Brazilian fintech Cora raises $116M Series B...

August 24, 2021

Cora, a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. This is a large Series B by any standards, but particularly so for a Latin American startup. It’s also notable that São Paulo-based Cora only raised its $26.7 million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The startup has now raised a total of $152.7 million since its 2019...

Back to the suture: The future of...

August 23, 2021

Sumi Das Contributor Sumi Das is a partner at CapitalG, Alphabet’s independent growth fund, where he leads healthcare tech and consumer fintech investments. Prior investments include Robinhood, Stripe, Convoy, Albert, Aye Finance, Next Insurance and Strive Health. Nina Gerson Contributor Nina Gerson is a vice president at CapitalG, Alphabet’s independent growth fund, where she co-leads healthcare tech investments. Prior investments include Strive Health and Next Insurance. The pandemic has highlighted some of the brightest spots — and greatest areas...

Daily Crunch: Virgin Orbit rockets to $3.2B...

August 23, 2021

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 August 23, 2021. We’ve got a simply lovely bunch of news items for you below, but before we get into the mix, do note that Pfizer’s vaccine has been fully approved. Which is great news! And in other great news, the agenda is out for our October SaaS event....

OnlyFans’ explicit content ban should spark a...

August 23, 2021

Bremner Morris Contributor Bremner Morris is CMO/CRO of Rally, a crypto platform that allows creators and artists to launch their own digital currency and build sustainable, independent economies with their fan communities. Previously, he was head of global go-to-market and revenue at Patreon. OnlyFans’ decision to ban sexually explicit content is reigniting an important and overlooked conversation around tech companies, content guidelines and sex work. However, the implications of this discussion go beyond just one platform and one marginalized...

Future tech exits have a lot to...

August 23, 2021

Inflation may or may not prove transitory when it comes to consumer prices, but startup valuations are definitely rising — and noticeably so — in recent quarters. That’s the obvious takeaway from a recent PitchBook report digging into valuation data from a host of startup funding events in the United States. While the data covers the U.S. startup market, the general trends included are likely global, given that the same venture rush that has pushed record capital into startups...

PayPal expands the ability to buy, hold...

August 23, 2021

PayPal will now allow users outside the U.S. to buy, hold and sell cryptocurrency for the first time. The company announced today the launch of a new service that will allow customers in the U.K. to select between four types of cryptocurrencies — including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash — which can be purchased using a connected bank account or debit card. The company first rolled out support for cryptocurrency in the U.S. last fall, in partnership with...

African fintech OPay valued at $2B in...

August 23, 2021

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The round, which marks the Fund’s first investment in an African startup, drew participation from existing investors like Sequoia Capital China, Redpoint China, Source Code Capital, and Softbank Ventures Asia. Other investors, including DragonBall Capital and 3W Capital, also took part in the new financing round. This news comes three months after...

This Week in Apps: OnlyFans bans sexual...

August 21, 2021

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 live TV...

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