Banking startup N26 raises another $170 million at $3.5 billion valuation


This post is by Romain Dillet from TechCrunch


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Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round.

N26 has only reached out to existing investors. All the investors in the Series D round are investing again, as well as a few investors that have been around for a while. So that’s Insight Venture Partners, GIC (Singapore’s sovereign wealth fund), Tencent, Allianz X, Peter Thiel’s Valar Ventures, Earlybird Venture Capital and Greyhound Capital.

“It’s a raise in valuation of about 30%. It’s only existing investors that participated. We didn’t go external as it is also quite quickly after the round that we did earlier this year,” co-founder and CEO Valentin Stalf told me. “But I think it’s a good testament of the development of the company over the last couple of months.

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Coinbase tells you if top holders are buying or selling a crypto asset


This post is by Romain Dillet from TechCrunch


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Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation. Given that there are now 15 cryptocurrencies on Coinbase that you can trade, the new features should provide some signals.

In addition to price and variation information, you can see what Coinbase customers with large balances are currently doing. You get a buy/sell percentage for each asset.

Behind the scene, Coinbase looks at users with a Coinbase balance in the top 10%. The exchange then counts how many users in that pool have increased or decreased their positions over the last 24 hours. The signal is updated every two hours.

Coinbase is also calculating two other data points — the average hold time and the popularity of each asset. This time, the company relies on the entire Coinbase user base to tell you how long people keep a specific asset

hero signals

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Stonly lets you create interactive step-by-step guides to improve support


This post is by Romain Dillet from TechCrunch


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French startup Stonly wants to empower users so that they can solve their issues by themselves. Instead of relying on customer support agents, Stonly wants to surface relevant content so that you can understand and solve issues.

“I’m trying to take the opposite stance of chatbots," founder and CEO Alexis Fogel told me. “The issue [with chatbots] is that technology is not good enough and you often end up searching through the help center.”

If you’re in charge of support for a big enough service, chances are your customers often face the same issues. Many companies have built help centers with lengthy articles. But most customers won’t scroll through those pages when they face an issue.

That’s why Stonly thinks you need to make this experience more interactive. The service lets you create scripted guides with multiple questions to make this process less intimidating. Some big companies have built

Editor 01

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Learn how to change banking one dollar at a time at Disrupt SF


This post is by Romain Dillet from TechCrunch


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Fintech startups are the hot new thing. Everybody wants to reinvent the way you manage money, invest and pay for things. That’s why we’re inviting three fintech experts to TechCrunch Disrupt SF to help you learn everything about the space.

They know that the bank of the future is not necessarily a bank and that the payment method of the future is not necessarily a card. And they’re going to tell you all about it.

First up is Chris Britt, the founder and CEO of Chime. While there are plenty of challenger banks in Europe, Chime is a rare success in the U.S. market.

The company has managed to attract over 3 million customers and $300 million in funding with a simple value proposition — a better user experience, an automatic way to save money and no fees for basic features. But Chime isn’t an overnight success. Britt has

Continue reading “Learn how to change banking one dollar at a time at Disrupt SF”

Learn how to change banking one dollar at a time at Disrupt SF


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Fintech startups are the hot new thing. Everybody wants to reinvent the way you manage money, invest and pay for things. That’s why we’re inviting three fintech experts to TechCrunch Disrupt SF to help you learn everything about the space.

They know that the bank of the future is not necessarily a bank and that the payment method of the future is not necessarily a card. And they’re going to tell you all about it.

First up is Chris Britt, the founder and CEO of Chime. While there are plenty of challenger banks in Europe, Chime is a rare success in the U.S. market.

The company has managed to attract over 3 million customers and $300 million in funding with a simple value proposition — a better user experience, an automatic way to save money and no fees for basic features. But Chime isn’t an overnight success. Britt has

Continue reading “Learn how to change banking one dollar at a time at Disrupt SF”

N26 announces N26 You, a revamped premium account


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Challenger bank N26 has unveiled a new premium plan called N26 You. This plan replaces N26 Black with the same benefits and a few tweaks.

N26 is keeping its three-tier system with a free basic bank account, a premium account (N26 You) and a super premium account (N26 Metal). With N26’s free plan, you can pay anywhere in the world without any foreign transaction fee, but there’s a 1.7% markup on ATM withdrawals in a foreign currency.

N26 You costs the same price as the previous premium plan N26 Black, €9.90 in the Eurozone and £4.90 in the U.K. In addition to a travel and purchase insurance package, you can withdraw money without any foreign transaction fee. €9.90 is roughly what you’d pay in fees if you withdraw the equivalent of €580 with a free N26 account.

You can also create up to 10 Spaces to

ocean

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Dejbox wants to deliver food to offices in business districts at scale


This post is by Romain Dillet from TechCrunch


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Meet Dejbox, a French food delivery startup that tries to avoid busy cities in order to accommodate people who really need a new lunch option. The company is a full-stack food delivery startup that designs its own meals, cook them, sell them and deliver them.

“Corporate headquarters are more and more often far from city centers. But what about lunch options for those areas?” co-founder and co-CEO Vincent Dupied told me.

Answering this question creates logistical challenges more than anything else. It’s hard to cover wide areas that are spread out all around busy cities, such as Paris, Lille and Lyon. And Dejbox has made some radical decisions that set them apart from well-known companies, such as Deliveroo, Uber Eats or even Frichti.

Each delivery person drives a truck with 100 to 150 meals. This way, they can deliver multiple offices during one run. It means that customers

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vinc adri
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N26 launches its challenger bank in the U.S.


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




European fintech startup N26 is now accepting customers in the U.S. The company is launching a bank account with a debit card that should provide a better experience compared to traditional retail banks.

If you’re familiar with N26, the product that is going live today won’t surprise you much. Customers in the U.S. can download a mobile app and create a bank account from their phone in just a few minutes. It’s a true bank account with ACH payments, routing and account numbers.

A few days later, you receive a debit card that you can control from the mobile app. Every time you make a transaction, you instantly receive a push notification telling you how much money you just paid. You can set up your PIN code, customize limits, turn on and off online payments, ATM withdrawals or payments abroad.

And that’s about all there’s to know. But

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N26 Spaces ENUS

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VC firm Otium Venture becomes Frst and raises new fund


This post is by Romain Dillet from TechCrunch


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It’s a breakup of some sort, but with no hard feelings. The team behind Paris-based VC firm Otium Venture is creating a new management company called Frst and raising a new fund.

But first, let’s talk about Otium Venture. Smartbox founder Pierre-Edouard Stérin’s family office created Otium Venture and Otium Brands to manage his startup investments. Over the past four years, the Otium Venture team participated in a dozen seed rounds, such as Payfit, Doctrine and Owkin. It represented around $45 million in total (€40 million).

With Frst, the Otium Venture team is essentially creating a spinoff company with no connection to Pierre-Edouard Stérin’s family office. The team is still led by Pierre Entremont and Bruno Raillard, with Judith Tripard and Gabriel de Vinzelles also following them.

Frst is a more traditional VC firm with multiple limited partners investing in the first Frst fund (yep, first Frst fund). The firm

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Bird plans to hire 1,000 people in Paris


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Scooter startup Bird is betting on the French market in a significant way. The company plans to open up its biggest European office in Paris. Eventually, Bird wants to hire 1,000 people by mid-2021, which is a meaningful number for a company that has been around for a couple of years.

Paris is an important market for Bird and all scooter startups in general. It’s a relatively small city — when it comes to footprint, Paris is smaller than San Francisco. But it’s also a dense city. And of course, there are a ton of tourists who come to Paris just for a few days.

That’s why 12 different companies launched a scooter-sharing service in Paris (yes, twelve). But Les Échos recently reported that many of them have already left the city. Lime, Bird, Circ, Dott, Jump and B-Mobility are still around.

It’s a capital intensive industry, and Bird

Continue reading “Bird plans to hire 1,000 people in Paris”

Bird plans to hire 1,000 people in Paris


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Scooter startup Bird is betting on the French market in a significant way. The company plans to open up its biggest European office in Paris. Eventually, Bird wants to hire 1,000 people by mid-2021, which is a meaningful number for a company that has been around for a couple of years.

Paris is an important market for Bird and all scooter startups in general. It’s a relatively small city — when it comes to footprint, Paris is smaller than San Francisco. But it’s also a dense city. And of course, there are a ton of tourists who come to Paris just for a few days.

That’s why 12 different companies launched a scooter-sharing service in Paris (yes, twelve). But Les Échos recently reported that many of them have already left the city. Lime, Bird, Circ, Dott, Jump and B-Mobility are still around.

It’s a capital intensive industry, and Bird

Continue reading “Bird plans to hire 1,000 people in Paris”

Revolut opens tech hub in Berlin


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Fintech startup Revolut is opening a small tech hub in Berlin. There’s already a ton of fintech talent in the city as it’s the hometown of N26. The company plans to hire 80 people at first for many different tech jobs, from software engineering to data science, product and growth.

And this isn’t just about hiring talent in other cities. Revolut plans to customize its product a bit more for the German market, and more generally Europe.

In many ways, Revolut still feels like a British app. For instance, if you want to change your card PIN code, the company tells you to use an ATM to change it. This is simply not possible in Germany, France and many European markets.

And the team in Berlin will also work on Revolut’s commission-free stock trading feature, a sort of Robinhood competitor for Europe. The company is also working on an app

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Nintendo announces a handheld Nintendo Switch Lite for $199


This post is by Romain Dillet from TechCrunch


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Nintendo has unveiled a new Nintendo Switch called the Nintendo Switch Lite. As the name suggests, this console is a bit cheaper than the original Nintendo Switch, but it comes with a few drawbacks.

The biggest difference between the Nintendo Switch and the Nintendo Switch Light is that you can’t connect the Switch Light to a TV. There’s no dock or port designed for TV connection.

That’s not the only compromise you’ll have to make as the Joy-Con controllers aren’t detachable. You can’t put your Switch on a table and keep the controllers in your hand for instance.

Of course, you can buy Joy-Con controllers or the more traditional Nintendo Switch Pro controller separately. You’ll have to find a way to charge your Joy-Con controllers without the Switch — the Charging Grip could do the job for instance.

lite photo 02

But other than that, you’ll be able to play the exact same

lite photo 01

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Bunq lets you track and settle up group expenses


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




Fintech startup Bunq is announcing a handful of new features today, such as a way to track group expenses without creating a joint account, a web app and better Siri integration.

If you usually track vacation expenses and group expenses from your phone, chances are you’ve been using two different products — a mobile app like Splitwise to track group expenses with your friends, and a peer-to-peer payment app to settle up balances.

Bunq is essentially bundling together these two features with Slice Groups for owners of the Bunq Travel Card. Given that the Bunq app already lists all your transactions, adding transactions to a group is easier than with your average group payment tracking app.

After adding other people to your Slice Group, each person can add expenses to the group. You get a list of your most recent Bunq transactions and you can add them to a group.

bunq update 11

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The Raspberry Pi 4 doesn’t work with all USB-C cables


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




The Raspberry Pi 4 is a great little beast, but Tyler Ward identified a flaw in the USB Type-C connector. The Raspberry Pi Foundation confirmed to TechRepublic that the design flaw is real, and that your Raspberry Pi 4 might not work with all USB-C cables.

It’s not really a dealbreaker, but you can expect a future board revision with a proper implementation of the USB-C protocol. But if you find yourself scratching your head and you don’t understand why your Raspberry Pi is not powering up, now you know why.

The Raspberry Pi Foundation has released the schematics of the board. And there’s a missing CC resistor that let sophisticated chargers negotiate current with the device.

Given that USB-C is a complicated connector, some cables are electronically marked, which means that they have an integrated chip to support a wide range of devices.

For instance, you can use

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Karamel is an app to find activities for your kids


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




French startup Karamel wants to help you find things to do for your kids. The company is launching a mobile app that lets you find and book kid-friendly activities around you.

The startup also just raised a $450,000 round (€400,000) from Kima Ventures, Roxanne Varza and Thibaud Elzière. Varza participates in the Atomico Angel Programme, which means that Atomico handed out $100,000 to invest in multiple early-stage companies. Atomico and Varza both see returns if the company eventually succeeds.

Karamel wants to become a one-stop shop for things your kids can do. When you open the app, you get a curated selection of activities around you so that you can find something to do this weekend for instance.

If you’re looking for something specific, you can search for activities based on multiple criteria, such as the age of your child, an activity category, price, distance and a day of

Karamel

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Clever Cloud launches GPU-based instances


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




French startup Clever Cloud is a cloud hosting company that operates a Platform as a Service (or PaaS). The company just launched GPU-based instances for machine learning purposes under a new brand, Clever Grid.

Behind the scene, the company uses Nvidia GeForce GTX 1070. You get billed by the minute and the most basic instance costs €0.42 per hour, or €10 per day, or €300 per month. For this price, you get 6GB of RAM, an 8-core CPU, a one GPU and 250GB of storage.

Of course, you can pay more to access beefier machines. If you max out your GPU instance, you get 60GB of RAM, 32 CPU cores and 4 GPUs on the same instance. It can cost as much as €1,200.

Screen Shot 2019 07 04 at 6.59.39 PM

If you’re a data scientist and don’t know much about cloud infrastructure, Clever Cloud tries to abstract infrastructure management as much as possible. You can

Clever Grid

Continue reading “Clever Cloud launches GPU-based instances”

Clever Cloud launches GPU-based instances


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




French startup Clever Cloud is a cloud hosting company that operates a Platform as a Service (or PaaS). The company just launched GPU-based instances for machine learning purposes under a new brand, Clever Grid.

Behind the scene, the company uses Nvidia GeForce GTX 1070. You get billed by the minute and the most basic instance costs €0.42 per hour, or €10 per day, or €300 per month. For this price, you get 6GB of RAM, an 8-core CPU, a one GPU and 250GB of storage.

Of course, you can pay more to access beefier machines. If you max out your GPU instance, you get 60GB of RAM, 32 CPU cores and 4 GPUs on the same instance. It can cost as much as €1,200.

Screen Shot 2019 07 04 at 6.59.39 PM

If you’re a data scientist and don’t know much about cloud infrastructure, Clever Cloud tries to abstract infrastructure management as much as possible. You can

Clever Grid

Continue reading “Clever Cloud launches GPU-based instances”

Dott raises $34 million to build a sustainable scooter startup


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




European micro-mobility startup Dott is about to raise a $34 million Series A round (€30 million). Compared to many scooter companies out there, the startup is taking a careful approach when it comes to growth in order to build a good reputation and a sustainable service.

EQT Ventures and Naspers are leading today’s found. Existing investors Axel Springer Digital Ventures, DN Capital, Felix Capital, FJ Labs and U-Start Club are also investing again.

Dott had previously raised a $23 million round (€20 million) from EQT Ventures, Naspers and others.

Some scooter startups are aggressively expanding in dozens of cities. They’re often buying a ton of scooters and putting them on the streets without thinking about a long term plan.

Dott has made many promises ticking all the right boxes to go against this “move fast, break things” motto. The company works with local governments to get approval.

It then rolls

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Dott 1

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Shine adds premium accounts to its bank for freelancers


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




French startup Shine is launching two new features today — Shine Premium, a premium account with basic insurance coverage for freelancers, and support for more types of companies using Shine Start.

Shine is building an alternative to traditional bank accounts for freelancers. In addition to bank information and a payment card, users can register a “micro-company” to start accepting freelancing jobs, create invoices, export transactions for taxes, etc.

The startup thinks that it is an underserved market even though it can get complicated really quickly when you start freelancing. The app tries to remind you when you’re supposed to pay taxes for instance.

Basic accounts currently cost €4.90 to €7.90 per month depending on your incorporation. But the company is adding a new premium tier called Shine Premium.

In addition to everything you get in the basic plan, Shine offers you insurance coverage in case you end up in

IMG 4366

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