India’s Paytm wins approval to resume payments growth
Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process about 87% of UPI transactions,
Read moreRo CEO Zachariah Reitano says the benefits of being a private company are growing
Ro co-founder and CEO Zachariah Reitano said while he’d “never say never” about potentially taking the seven-year-old telehealth company public, he thinks the benefits of being a private company are growing. Reitano dodged multiple questions from Axios reporter Dan Primack about whether or not the company has plans to IPO
Read moreLending fintech SoLo Funds faces class action lawsuit
Fintech lending startup SoLo Funds is facing a new class action lawsuit according to a copy seen by TechCrunch. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreEVTOL startups just got a big lift from the US government
Federal regulators have cleared the path for electric vertical takeoff and landing aircraft to share U.S. airspace with planes and helicopters — a win for the burgeoning industry and a timely decision for startups like Joby Aviation and Archer Aviation that are expected to launch air taxi networks commercially in
Read moreCement startup Furno lands $20M grant to build low-carbon micro-kilns in Chicago
Furno’s micro-kilns promise to reduce pollution and eliminate transportation costs. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreLinkedIn confirms the ‘follower purge’ was just a bug that’s now resolved
LinkedIn users on Tuesday began noticing a problem with their follower counts on the platform: They were dropping rapidly, and sometimes by many hundreds of users at once. With no official word at the time from LinkedIn, many began speculating that the situation was the result of LinkedIn purging fake
Read moreOne Zero could be raising $100M
Welcome to TechCrunch Fintech! This week we’re looking at One Zero potentially raising $100 million, Apple Pay expanding support for loan options, and another way Stripe is making crypto a big priority for its business. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up
Read moreOpenAI hires its first chief economist
OpenAI has hired its first chief economist: Aaron Chatterji, formerly the chief economist at the Commerce Department under President Joe Biden and a senior economist in President Barack Obama’s Council of Economic Advisers. Chatterji, who’s also a professor of business and public policy at Duke, will study AI’s economic impacts at
Read moreFarewell to Foursquare’s app
“I would be lying if I didn’t admit that I have been in a real funk these last few days over this news,” writes Foursquare founder Dennis Crowley, speaking about the company’s plan to sunset the Foursquare City Guides app later this year in favor of focusing on its check-in
Read moreSEC fines four companies $7 million for ‘misleading cyber disclosures’ regarding SolarWinds hack
The SEC concluded that four tech companies misled investors and minimized the damage they suffered from the SolarWinds supply chain hack. © 2024 TechCrunch. All rights reserved. For personal use only.
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