Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. Read more
California-based PayPal allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies. Customers will be able to buy bitcoin, ether, litecoin and bitcoin cash through their PayPal wallets online or on the mobile app.
IPO-bound Paytm, the country’s extensive payments platform, and HDFC Bank, the largest private sector bank, have entered into a strategic partnership. Read more
Israel-based Upstream announced a Series C funding raise of $62 million that it will use to bolster its automotive cloud-based security to ensure remote hacks like this don’t happen. Read more
Greenfly will continue to build a workflow around events that provides sourcing, creation and automated distribution of photos and short-form videos created for social media.
Linktree, the popular ‘link in bio’ service, is partnering with PayPal to expand ‘Commerce Links,’ a direct payment tool on Linktree that was recently introduced worldwide. Read more
The company plans to use the fresh funding to acquire high-quality tutors, hire an engineering team and build infrastructure. Marathon seeks to connect tutors with K-12 students on its platform. Read more
OPay has gone from a curious startup known for its motorcycles in Lagos, Nigeria, to a financial services company worth $2 billion. OPay provides individuals with a point-of-sale machine and underlying software, read more.
Food-tech startup called SquarEat, customers will be eating regular amounts of food, regularly, but in cube form.Read more
Zendesk says it will integrate Cleverly’s technology across its existing products, enabling teams to automate more processes while keeping up with customer demand.
Gap Inc. (GPS -4.6%) acquires Drapr, an online application startup that lets customers design 3D avatars and virtually try on clothing. Read more
Edtech startup Camp K12 has raised $12 million in a Series A. The company said it has seen explosive growth in two new geographies, one new subject category, and a new group-class format launched over the past 6 months. Read more
Popcorn, on the other hand, lets you create the short video and then send a URL to that video anywhere you would want to add a personal touch to your message. Read more
As part of Apple’s recently launched Racial Equity and Justice Initiative (REJI), the company has invested a collective $50 million into a number of firms that focus on Black- and Latinx-owned businesses, including VamosVentures. Read more
The IPO will almost surely come after Rivian’s first deliveries of its R1T electric pickup and R1S electric SUV to individual customers, expected in September. Rivian also builds an electric van for Amazon. Read more
Morgan Stanley launched the MCIL in 2017 in order to address inequities in funding of multicultural and women-led startups. The Multicultural Innovation Lab (MCIL) is an intensive five-month accelerator designed to help further develop and scale startups, read more.
Digital mapping company MapmyIndia, whose data powers Apple Inc.’s Maps and Amazon.com Inc.’s Alexa in India, will file initial public offering shortly. Read more
The electric vehicle startup Alpha Motor Corporation posted a video this week that showed the “launch” of its Alpha Wolf electric pickup concept. Read more
If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.
We, at OpenGrowth, are constantly looking for latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.
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Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.