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August 2, 2021, 7:35 AM
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memeorandum
WeSmirchTop News
| Reuters: |
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing — U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …
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Wall Street Journal, TNW, The Verge, iTnews, TechCrunch, The Economic Times, Australian Financial Review, CNBC, PYMNTS.com, Gizmodo, Engadget, Cointelegraph, TechRadar, Fortune, Neowin, SiliconANGLE, Cryptonews, ABC, BBC, ZDNet, CNN, Insider, and Tech in Asia
Tweets: @jack, @square, @gokulr, @pitdesi, @magyer, @jonrussell, @magyer, @rstephens, @mengxilu, @fintechfrank, @jendudley, @valwagoner, @rrhoover, @packym, @bengrubb, @alexh_johnson, and @carnage4life
| Greg Ahlstrand / CoinDesk: |
Square reports Q2 revenue of $4.88B, up 143% YoY, while its Cash App service's bitcoin yearly revenue was $2.72B, up 200% — Cash App's bitcoin gross profit rose to $55 million, Square said in its Q2 letter to shareholders. — Jack Dorsey's Square said its Cash App service's bitcoin …
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Square, Decrypt, altfi.com, Finextra, Benzinga, The Block, Coinspeaker, Bitcoin Magazine, blockchain.news, Cointelegraph, NewsBTC, and Reuters
Tweets: @firstgenwealth and @arturo_p_a
| Jonathan Stempel / Reuters: |
Zoom agrees to pay $85M and bolster its security practices to settle a class action lawsuit over alleged user privacy violations and Zoombombing — Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming …
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Engadget, BBC, ZDNet, CNN, Bloomberg, The Register, SiliconANGLE, Digital Trends, New York Times, Agence France-Presse, iTnews, The Hill, Axios, NPR, TheStreet, Mercury News, AppleInsider, and Slashdot. Tweets: @pernillet
| Jon Porter / The Verge: |
YouTube trials Premium Lite subscription for €6.99/month, offering ad-free viewing across all major platforms, currently available in Europe — Currently being piloted in parts of Europe — Google is piloting a more affordable premium subscription tier for YouTube …
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ResetEra, Android Police, MacRumors, 9to5Google, and Cult of Mac
Tweets: @chunvn8888, @danishkh4n, @tomwarren, and @martinsfp
| Manish Singh / TechCrunch: |
Bangalore-based online learning startup Unacademy raises $440M round led by Temasek at a $3.44B valuation — Unacademy has raised $440 million in a new financing round as the Indian online learning startup looks to expand into multiple additional categories.
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The Economic Times, Moneycontrol, KrASIA, Tech in Asia, Entrackr, Bloomberg, Business Standard, and Keeping Up With India
Tweets: @samidhas, @prasannavishy, @gauravmunjal, and @gauravmunjal
| Emmanuel Akinwotu / The Guardian: |
Nigeria is now second only to the US in bitcoin trading volume, hitting $2.4B in May from $684M in Dec. 2020, as the government tries and fails to curb its use — As leaders around the world grapple with cryptocurrencies, what happened when the African country tried to ban them?| Zheping Huang / Bloomberg: |
Matrixport, led by Bitmain founder Wu Jihan, which offers crypto financial services, raises $100M+ Series C, and says a second tranche is to come — - DST, Tiger are among the latest backers of Wu Jihan's firm — Matrixport has raised $129 million since its 2019 founding
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Decrypt, Forkast, The Block, PR Newswire, Cointelegraph, blockchain.news, Coinspeaker, CoinDesk, and Tech in Asia. Tweets: @pingroma
| Francis Agustin / Insider: |
Filings: Starlink has secured a license to build a satellite ground station on the Isle of Man, aiming to provide “blanket coverage” across Great Britain — - Elon Musk's Starlink will seek to provide high-speed internet across Great Britain, the Telegraph first reported.| Ingrid Lunden / TechCrunch: |
London-based Kuda, which offers mobile-first banking services in Nigeria, raises $55M Series B at a $500M valuation co-led by Valar Ventures and Target Global — Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first …
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TechCabal, Techpoint Africa, and WeeTracker
Tweets: @babsogundeyi, @oba_kinbo, @pkisadha, @iatalkspace, and @oluwatosinraji_
| Dan Taylor / Tech.eu: |
Snoop, which uses open banking and analytics to help customers manage their money, raises £15M Series A at a post-money valuation of £47M — Money management app Snoop has raised £15 million in a few funding round, giving the business a post-money valuation of £47 million.
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Finextra
| Carly Page / TechCrunch: |
Nozomi Networks, which aims to shield critical infrastructure from cyberattacks, raises $100M Series D led by Triangle Peak Partners as it prepares for an IPO — Nozomi Networks, an industry cybersecurity startup that aims to shield critical infrastructure from cyberattacks, has raised $100 million in pre-IPO funding.
More:
VentureBeat, Reuters, and Nozomi Networks
| Heather Somerville / Wall Street Journal: |
Non-VC funds invested in a record 42% of tech startup funding deals in Q2 2021; H1 '21 US startup funding was $150B, with FY 2021 on pace to double 2020's total — Hedge, mutual and pension funds are investing heavily, leading to higher valuations and more leverage for company founders
Tweets: @notamitalegend, @jontreble, @amyssorrells, @dngusev, @mv11151, @heathersomervil, @timcohn, and @mdudas
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