Brazilian startup Creditas is revolutionizing credit in the world’s third largest lending market

 After twelve years working for banks and consulting firms on the digital transformation of financial services, Creditas founder Sergio Furio finally found a problem he felt he could build a business around while at dinner with his Brazilian wife. Over dinner in their New York apartment one night in 2011 she casually mentioned that consumers in her country were paying over 200% interest rates… Read More

Read more

China’s JD partners with accelerator program Plug and Play to reach US startups

 E-commerce giant JD.com, the closest rival to Alibaba in China, is broadening its presence in Silicon Valley after it announced a collaboration with accelerator firm Plug and Play to seek out and work with promising U.S. startups. The e-commerce giant said it will share technologies, including AI, cloud and smart supply chain tech, with the program generally and work together to launch a… Read More

Read more

The company behind Dots is changing CEOs

dotsandco Playdots, the company that lets gamers play with Dots, will soon have a new CEO as co-founder and current COO Patrick Moberg takes over for co-founder Paul Murphy. Murphy lead the company as CEO since the founding in 2013 and will stay with Playdots as a board member. Murphy and Moberg co-founded Playdots in 2013 and in 2015 led the company to spin out of betaworks on the back of $10 million… Read More

Read more

Carmaker venture for EV fast-charging teams with gas stations in Europe

 Automakers are laying the groundwork for a a future in which electric cars are omnipresent – and at least as common a sight on roadways as traditional gas-powered vehicles. Last month, a group of car OEMs including Ford, BMW, Daimler, and Volkswagen Group created a new joint-venture called ‘Ionity’ to build out a charing network, starting with a series of fast-charging… Read More

Read more

Enjoius raises $1.4 million to bring its party planning services to you

 Just in time for the holiday season, a group of prominent Los Angeles entertainment and technology executives have come together to back the new startup, Enjoius, which aims to make it easier for hosts to plan their perfect party. Read More

Read more

Baidu and Xiaomi are working together on internet of things and artificial intelligence

 Baidu, China’s answer to Google, and Xiaomi, which has modeled itself on the success of the America’s most successful technology manufacturer in Apple, have announced a strategic partnership to tackle two emerging technologies, internet of things and artificial intelligence. Announced today at Xiaomi’s first developer conference in Beijing, the alliance is a marriage between… Read More

Read more

Do VC woes extend to portfolio companies? For Rothenberg, probably not

 As VC brands go, Rothenberg Ventures has seen better days. The firm built up a reputation as an up-and-coming early-stage investor. But Silicon Valley soured on Rothenberg Ventures last year; lawsuits ensued. So it hasn’t been a good year for Mike Rothenberg. But what about the Rothenberg Ventures portfolio? Read More

Read more

Lyft raising additional $500 million on top of recent $1 billion round

 Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised in a round led by Alphabet venture arm CaptialG last month. The $500 million is an extension of that round, the company told Axios, and is not yet closed. But it should add to Lyft’s overall valuation once closed, bringing its post-many total to $11.5 billion. The round extension would allow Lyft… Read More

Read more

The Boring Co.’s ‘Initial Hat Offering’ raises $300K for digging in hat sales

 Do you like hats? If you do, maybe you already contributed to The Boring Company’s ability to dig a network of underground tunnels. Since Elon Musk started selling The Boring Co. hats, featuring the logo on the front (which he once claimed was designed by director J.J. Abrams), the company has apparently sold $300,000 worth of the march. That’s a lot of hats: At $20 per,… Read More

Read more