For the past decade, Brian Faux has been fighting on the front lines of housing finance. In between pursuing a career in mortgage lending and holding stints at Freddie Mac and Wells Fargo, Faux spent more than two years in the detritus of the 2008 financial crisis advising the Department of Housing and Urban Development…
For nearly fifteen years LanzaTech has been developing a carbon capture technology that can turn waste streams into ethanol that can be used for chemicals and fuel. Now, with $72 million in fresh funding at a nearly $1 billion valuation and a newly inked partnership with biotechnology giant, Novo Holdings, the company is looking to…
Private rocket launch startup and SpaceX competitor Rocket Lab made a big announcement today: It’ll be looking to re-use the first stage of its Electron rockets, returning them to Earth with a controlled landing after they make their initial trip to orbit with the payload on board. The landing sequence will be different from SpaceX’s…
We often hear how tech just doesn’t get the healthcare industry but how is it helping where government and big pharma can’t? Sarah Buhr @sarahbuhr / 8 hours Why is tech still aiming for the healthcare industry? It seems full of endless regulatory hurdles or stories of misguided founders with no knowledge of the space,…
The President of the United States of America kicked off the morning with a series of tweets criticizing one of the country’s largest corporations for alleged ties to election tampering and China’s military. In a thread that would have been regarded as a remarkable occurrence under any other administration, Donald J. Trump called out Google…
Penta, the business banking provider for small and medium sized enterprises (SMEs) that was recently acquired by fintech company builder Finleap, has raised “over” €8 million in new funding. The round is led by HV Holtzbrinck Ventures. Also participating is Finleap, alongside Fabrick, the Italian platform for open banking and fintech services, which is another…
The U.S. Treasury has just taken the extraordinary step of designating China as a currency manipulator, something no administration has done since the days of Bill Clinton. With the action, the trade war between the U.S. and China has entered a new phase that will likely see both countries stepping up both their rhetoric and…
Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 1,450 million Indian rupees ($20.4 million) in a new financing round to expand its business in the country. The Series C round for the four-year-old startup was led by CDC Group, a U.K.-government-owned VC…
Monzo, the fast-growing challenger U.K. challenger bank that recently soft-launched in the U.S., is disclosing a potential, albeit relatively limited, security oversight that saw customer PINs stored incorrectly within the company’s internal systems. Discovered on Friday, the “bug” has now been squashed after being spotted by one of Monzo’s security engineers, co-founder and CEO Tom…
Didi Chuxing’s autonomous driving unit is now an independent company, the Chinese ride-sharing and transportation giant said today. Didi’s autonomous driving team was created in 2016 and now has more than 200 employees in China and the United States. Didi’s announcement comes about a month after The Information reported that Didi was in talks with…
