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Freelancer Banking App Lili Raises $10M In Seed Funding Round
Lili, which works to provide online banking services for freelancers, notched $10 million in a seed funding round led by Group 11, according to a press release. Foundation Capital, AltaIR Capital, Pri...

Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch
In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pa...

RiskIQ adds National Grid Partners as securing data becomes a strategic priority for utilities
RiskIQ, a startup providing application security, risk assessment and vulnerability management services, has added National Grid Partners as a strategic investor. The funding from the investment arm...

LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase
LVMH is considering walking back its deal to purchase Tiffany & Co. for $16.2 billion due to the effects the pandemic and recent U.S. social unrest have had on the retail vertical, Reuters reported. T...

Decentralized identity management platform Magic launches from stealth with $4M
For developers looking to quickly build identity management into their platforms, the most readily available options don’t stray far from the internet’s biggest, most data-hungry platforms. Magic,...

Andreessen Horowitz launches $2.2M fund to invest in underserved founders
Andreessen Horowitz announced today in a blog post that it is launching a fund designed to invest in underrepresented and underserved founders. The Talent x Opportunity (TxO) fund, which a16z says wa...

NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools
When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its or...

Five Firms Reinstated To Britain’s Prompt Payment Code
After bolstering their supply chain payment practices, five companies that were suspended from the Prompt Payment Code (PPC) in the past have been reinstated. Screwfix, IBM, Seddon Construction, Kier ...

'Words by themselves are empty': Andreessen Horowitz is launching a new nonprofit fund to invest in founders that 'lack the typical background and resources' to get on Silicon Valley's fast track to success.
Andreessen Horowitz is launching a new nonprofit fund to fund founders from underserved backgrounds without the network and the know-how to be scouted by Silicon Valley's blue-chip VC firms. The T...

Cloud Computing Takes On The Legacy Issue
Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still us...

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Tag: management

June