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Reddit at $5B seems eminently reasonable
Reddit’s feeling out its own IPO valuation is crucial, especially given that hightened regulatory scrutiny is restricting M&A as an exit avenue for unicorns.
Streaming media company Plex raises $40M as it nears profitability
Media streamer Plex has raised new capital.
Fintech Ramp acquires another AI-powered startup
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering.
Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown
Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank…
India weighs additional penalties on Paytm, including revoking payments bank license
The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told…
Indian central bank’s clampdown wipes $2.1 billion off Paytm
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central bank.
India’s Paytm is in flux
Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.
Jio Financial says not in talks to acquire Paytm’s wallet business
Reliance Industries spinoff Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire its wallet business, quashing…
Indian central bank defends ‘proportionate’ action on Paytm
India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first…
Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed…
Macquarie cuts Paytm target on ‘serious risk of exodus of customers’
Macquarie dramatically cut its 12-month price target on One97 Communications, the parent company of digital payments firm Paytm, citing risks of customers leaving the platform in the wake of heightened regulatory scrutiny.
Diablo IV Will Be The First Activision Blizzard Title On Game Pass
After weeks of rumors and leaks about what the future holds for Xbox, the company finally shared some official news via a special episode of the Official Xbox Podcast.
PayPal Ventures’ first AI investment, a credit-based dating app and Robinhood’s good week
Welcome to TechCrunch Fintech (formerly The Interchange)!
Singapore-based fintech Xalts acquires digital trade platform Contour Network
In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP.
Reddit files to go public — at last
Social media giant Reddit filed to go public today.
Last call — Disrupt 2-for-1 sale ends today
Act quickly, entrepreneurs!
As Techstars retools, some former staffers say it lost focus on what made it successful
Well-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs.
With liquidity rare, VCs may get creative to return investor cash
Welcome to the very last issue of The Exchange!
Leaked documents show Techstars lost $7 million in 2023 but still had plenty of cash
Cuts to Techstars’ staff and its decision to shutter certain accelerators came after it missed its 2023 revenue goals, according to documents outlining its preliminary 2023 results viewed by TechCrunch.
Snowflake CEO Frank Slootman stepping down — and Wall St hates it
Apparently Frank Slootman, the veteran tech executive, was popular with investors, at least judging from their reaction that he will be stepping down as CEO of Snowflake.
Connect with HomeHQ.ai, SOSV, Prepare 4 VC, Latham & Watkins and more at TC Early Stage 2024
We are thrilled to collaborate with some of the most influential players in the startup ecosystem to craft an exceptional experience at TC Early Stage 2024.
When startups fail, these startups clean up
Welcome to TechCrunch Fintech (formerly The Interchange)!
Harness Wealth wants to bring sophisticated tax planning to the masses
Harness Wealth, which started in 2018 primarily offering financial advice to startup founders and employees, has expanded into the tax advisory space and…
Only 7 days left to save $1,000 on Disrupt passes
TechCrunch Disrupt, the ultimate gathering for early-stage startups, is gearing up for its next edition on October 28–30 in San Francisco.