Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years
In fintech, most companies burn cash chasing growth at any cost, but for us? … Carly Lippman : Almost four years in at Mercury and I'm still so proud of what we're building. Loved...
An overview of macro tech trends for 2025, focusing on generative AI, LLMs, scaling challenges with training ever bigger AI models, the capex surge, and more
Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry. For 2025, ‘AI eats the world’.
Mesh, which helps its customers transfer and manage digital assets like crypto, raised a $22M Series A led by Money Forward, bringing its total funding to $32M
Kyle Wiggers / TechCrunch :
A study describes how a patient who was paralyzed from waist down was able to walk naturally again with brain and spine implants using an AI thought decoder
In a new study, researchers describe a device that connects the intentions of a paralyzed patient to his physical movements.
[Thread] A tech startup founder describes how he made ~$200K in 2021 by ghostwriting tweets for venture capitalists, as a side hustle for five hours per week
👻 Ghostwriting tweets for venture capitalists is the side hustle of the founder of a tech startup (who asked to remain anonymous). Last year he made about $200,000. Here's how he d...
How Apple's Cooperative R&D Agreement on digital IDs with the TSA in March 2019 could disadvantage its rivals in developing mobile identity credentials
Jason Mikula / Fintech Business Weekly :
A look at concerns for women at Launch House, an a16z-backed startup promising “community” to young tech founders, such as sexual assault and a lack of security
Rebecca Jennings / Vox : Tweets: @nikmilanovic , @taylorlorenz , @juliarubin , and @taylorlorenz Tweets: Nik / @nikmilanovic : honestly the least surprising story of the year http...
How homegrown courier services in French Polynesia are building their own online shopping service to fill the gaps left by e-commerce giants in remote islands
an area five times as large as the French mainland. Now it's getting online shopping https://restofworld.org/... Vicki Turk / @vickiturk : How do you do online shopping when you li...
Sources: Stripe-backed one-click checkout service Fast generated just ~$600K in 2021 revenue; source says Fast tried raising a $100M Series C in late 2021
Several startups have been racing to sell software known as one-click checkout to retailers such as The Honest Company and Forever 21 …
A deep dive into the rise of “solo capitalists”, who are increasingly competing to lead seed, Series A, and later stage rounds against traditional VC firms
Mario Gabriele / The Generalist : Tweets: @mariogabriele , @andreasklinger , @melt_dem , @nikmilanovic , and @moniquewoodard Tweets: Mario Gabriele / @mariogabriele : Ever since @...
The US CFPB orders online payday lender LendUp to shutter lending operations after finding it repeatedly lied to and illegally cheated its customers
it has been a long time coming. In other news, anyone looking to buy my shares of LendUp? Rohit Chopra / @chopracfpb : We will be working to provide redress to borrowers cheated by...
Jumo, a fintech helping entrepreneurs of SMBs in emerging markets gain access to loans, raises $120M led by Fidelity, report says at a $400M valuation
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets …
Orum, which provides an API to help financial institutions move money in real time, raises $56M Series B, bringing its total raised to $82M+
Unit, which helps companies build financial and banking products, raises $51M Series B led by Accel, bringing its total raises to ~$70M
Mary Ann Azevedo / TechCrunch :
Stripe launches Treasury to let its customers offer checking accounts and other business-banking services; Shopify will offer the services from early next year
Hello! Today: A new breed of startups is trying to help other startups manage their finances better. Stripe : Stripe launches Stripe Treasury in major expansion of financial servi...
Apple acquires Mobeewave, whose app lets shoppers tap their credit card or phone on a smartphone to make a payment; one source says the deal is worth ~$100M
- Apple acquires Canada's Mobeewave for about $100 million — Apple Inc. has acquired Mobeewave Inc., a startup with technology …
Equity management platform Carta is planning to launch CartaX, a private share trading platform to rival Nasdaq, this summer for companies worth $1B+
Silicon Valley start-up poised to launch exchange as tech companies delay IPOs — The Silicon Valley start-up Carta is planning to launch … Tweets: @sameer_singh17 , @mayazi , @th...
Varo Money says it has received FDIC approval for federal deposit insurance, bringing it closer to a national bank charter, a first for a fintech startup
Felix Salmon / Axios :