Tech Meme

Jeff John Roberts / Fortune: Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation  —  The biggest crypto wallet you’ve never heard of is flourishing.  San Francisco-based Magic announced on Wednesday that it’s raised $52 million … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015  —  Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that’s building technology … Lees verder op Tech Meme

Jenny Surane / Bloomberg: A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit  —  Zap $50 to a friend via Venmo.  Trade Bitcoin on Robinhood.  Get a student loan with SoFi. Lees verder op Tech Meme

Iain Withers / Reuters: Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Dublin-based payments startup NomuPay, formed from Wirecard and other assets, discloses raising $53.6M to date, ~$15M recently, and plans a “proper raise” soon  —  We still see regular updates on the calamitous fallout of the 2020 collapse of Wirecard, the now-insolvent fintech … Lees verder op Tech Meme

Forbes: A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company prepares to battle Nvidia over AI chips  —  AMD’s CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker’s stock price up nearly 30-fold in less than a decade. Lees verder op Tech Meme

Emily Nicolle / Bloomberg: Filing: Ontario Securities Commission opened an investigation on May 10 into Binance over trying to skirt regulations; Binance withdrew from Canada on May 12  —  Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada’s securities regulators to investigate whether … Lees verder op Tech Meme

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Jennifer Pattison Tuohy / The Verge: Amazon Echo Pop review: a $40 bargain, nice design, good sound, and speedy responses, but fewer hardware features and less voice sensitive than the Dot  —  As the latest entry-level Alexa smart speaker, the $40 Echo Pop packs a lot of value into a small package.  It’s not as good as the Echo Dot, but it’s got looks on its side. Lees verder op Tech Meme

Mark Bergen / Bloomberg: After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips  —  Nvidia is riding the AI wave to absurd heights.  Its UK rival: not so much.  But first…  If your company sells components designed … Lees verder op Tech Meme