Onfido raises $30M more for its AI-based identity verification technology

 Malicious hackers and security breaches that have exposed personal information of millions of people have pushed the issue of online security into the spotlight, not just for individuals but for organizations that do business with them. Now a company called Onfido, which has built a way to help websites verify people’s identities using a photo-based identity document, a selfie and… Read More

Chime raises $18 million for mobile banking without the fees

 It’s a bank account and debit card built for the digital age. Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others. Without monthly fees or overdraft charges, Chime tries to appeal to the… Read More

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

 Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s MyBank digital bank dominate in China, where they are used by over 450 million consumers, and this year Ant has broadened its presence with deals in Southeast Asia, Korea and India. The idea is… Read More

Waymo clarifies it actually wants $1.8 billion from Uber

 Last week, Uber’s legal team told Judge William Alsup that Waymo was seeking $2.6 billion for an allegedly stolen trade secret related to the company’s autonomous vehicle efforts. Over the weekend, Waymo filed a document with the court noting that the correct figure was actually  $1.859 billion. It’s not clear why this seemingly important detail was left uncorrected for… Read More

Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

 Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

Facebook drops no-vote stock plan, Zuck will sell shares to fund philanthropy

 Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block the corporate governance… Read More

How to run a token sale

 Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. So how do you raise money when your product needs more than some Django code and an AWS instance? You run an ICO, right? Read More

Database provider MongoDB has filed to go public

 MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. The company, which provides open-source database software that became very attractive among early-stage startups, is one of a myriad of companies that have sought to go public by… Read More