Sources: J.P. Morgan working on a secretive digital banking project based out of London

A number of incumbent backs are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay and now it appears that the latest to make that move is J.P. Morgan. According to sources, the investment bank has begun recruiting for …

October lets 11 public companies borrow money on its platform

French crowd-lending platform October (formerly known as Lendix), wants to educate more people about new ways to borrow money. That’s why the company is launching a project called Grandir Ensemble (grow together). 11 big companies are borrowing €100,000 each on October at a 2.5 percent interest rate. October users will …

Automattic acquires subscription payment company Prospress

Automattic, the company behind WordPress.com, WooCommerce, Longreads, Simplenote and a bunch of other cool things, is acquiring a small startup called Prospress. Among other things, Prospress has developed WooCommerce Subscriptions, a recurring payment solution specifically designed for WooCommerce. Given that physical and digital subscriptions are taking over the e-commerce world, …

Twitter Q4 beats on sales of $909M and EPS of $0.33, but MAUs slump to just 321M

After strong results from Facebook and Snap this quarter, all eyes were on Twitter to see if the other big, publicly listed social network could deliver a hat trick of growth. If we judged the company on financials alone, the company did not disappoint. The company reported Q4 revenues of …

RapidAPI nabs $25M led by Microsoft as its API marketplace cracks 10K APIs and 1M users

APIs — the lightweight programming interfaces used by developers to integrate other applications with theirs, or to help their apps integrate with others — have become an essential building block of our software-powered world, with a majority of organizations building and working with them and, by some estimates, upwards of …

Microsoft’s first data center regions in the Middle East are now generally available

Microsoft today announced that is first data center regions in the Middle East are now online. The data centers are located in Abu Dhabi and Dubai and will offer local access to the usual suite of services, including Azure’s cloud computing services and Office 365. Support for Dynamics 365 and …

Where are all the biotech startups raising?

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Ride-hailing, bike and scooter companies probably raised less money than you thought To get big faster, younger unicorns start buying startups sooner Where are all the biotechnology companies raising these …

These are the top Y Combinator companies of all time, based on valuation

  In October of 2018, Y Combinator published a mega list of the top 101 companies to have gone through the accelerator, as sorted by each company’s valuation. This morning they updated the list. Valuation as a ranking metric has its faults, of course. It’s a measurement largely of perception; …

HTC stopped innovating on smartphones, new CEO admits

Several months back, we invited HTC cofounder and CEO Cher Wang to appear on stage at TechCrunch Disrupt. Sometimes, however, life happens. Two weeks ago, the company announced that Wang would be stepping down from the role, which would immediately be filled by longtime telecom vet, Yves Maitres. Thankfully, the …

Europe’s top court says active consent is needed for tracking cookies

Europe’s top court has ruled that pre-checked consent boxes for dropping cookies are not legally valid. Consent must be obtained prior to storing or accessing non-essential cookies, such as tracking cookies for targeted advertising. Consent cannot be implied or assumed. It’s a decision that — at stroke — plunges websites …

Instagram is killing its creepy stalking feature, the Following tab

Instagram is removing its Following tab, a feature that became better known as a stalking tool than one to aid with new account discovery, as the company had intended. Today, Instagram says that its Explore tab is the go-to place to find new people, places and hashtags to follow. Meanwhile, …

Emerging Markets Are Down Big in 2018. Here’s Why — And What You Should Do About It

Despite all the recent cheering about the U.S. bull market, for many investors 2018 has been a decidedly mixed bag. The U.S. economy keeps humming, with the S&P 500 up over 9% for the year. But far from a strong U.S. economy providing a tailwind for the rest of the …

Week in Review: Equifax, Capital One and your stupid desire for justice

Hello, weekenders. This is Week-in-Review, where I give a heavy amount of analysis and/or rambling thoughts on one story while scouring the rest of the hundreds of stories that emerged on TechCrunch this week to surface my favorites for your reading pleasure. Last week, I talked about the Facebook FTC …

Roku to launch low-cost versions of its soundbar and subwoofer under Walmart’s onn brand

Roku will produce lower-cost versions of its new Smart Soundbar and Wireless Subwoofer for Walmart under the retailer’s own onn brand, the company announced this morning. While already Roku offers distinct versions of some of its streaming media players exclusively for retailers like Walmart and Best Buy, the company had …

Pre- and Post-Money SAFEs: Choosing the right one for your startup

Jared Verzello Contributor Jared Verzello is a startup and venture capital lawyer and GM of Atrium Seed where he guides companies through formation, fundraising, hiring, and managing board meetings. With Y Combinator’s Demo Day taking place at Pier 48 in San Francisco next week, its largest batch of companies ever …

Jewish dating app JCrush exposed user data and private messages

A security lapse at JCrush, a dating app designed for the Jewish community, left a databases open without a password, exposing sensitive user records and private messages to anyone who knew where to look. The site’s backend database had around around 200,000 user records, according to security researchers Noam Rotem …

Life at the coalface: How the agile workplace first appeared in the mid 20th Century

The idea of diffusion of innovation has become so embedded in our culture, and most recently so associated with the adoption of new technology, that we might assume it happens in predictable ways. The steps between innovators, early adopters, early majority, late majority, and laggards seem intuitive and certain even …

Infosys opens new digital innovation centre in Duesseldorf

Infosys has announced the opening of its new Digital Innovation Centre in D?sseldorf, Germany.The Centre has been created to help Infosys work more closely with its clients in the region in supporting their digital transformation journey, while focusing on next-generation business suites such as SAP HANA, as well as cloud …