Fintech startup Glint de-cloaks to offer a multi-currency account and card that supports spending gold

London-based Glint has been pretty stealthy about what it planned to offer, despite several funding rounds and a vague description that it wanted to a create new “global currency” based on gold. Well, today the fintech startup is finally de-cloaking with a staggered launch of its multi-currency account, app and … More…

Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push

Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed … More…

Canadian grocery chain orders 25 Tesla electric Semi trucks

Tesla’s Semi is off to a promising start, despite there being no official pricing information available yet: In addition to a Walmart pilot, Canadian grocery giant Loblaw is purchasing 25 of the heavy duty all-electric transport trucks (via Canadian Press), with a $5,000 deposit for each upfront even though pricing … More…

NerdWallet lays off 11 percent of staff due to missing profitability goals

Personal finance startup NerdWallet seems to be on the struggle bus, having just laid off 53 people today (about 11 percent of its workforce) due to the fact that the company is not hitting its profitability goals, TechCrunch has learned. As part of the restructuring, NerdWallet’s sales and partnerships teams will … More…

Toyota Mobility Foundation launches $4M prize for mobility tech targeting lower-limb paralysis

Toyota​ ​Mobility​ ​Foundation,​ a charity set up by Toyota in 2014 to help bring about “a truly mobile society,” has launched a $4 million competition to encourage the development of new smart mobility technology to support the lives of people with lower-limb paralysis. Dubbed the ‘Mobility​ ​Unlimited​ ​Challenge​’, the competition … More…

With $70M from Alphabet, UnitedMasters replaces record labels

Record labels are obsolete. They haven’t kept up as music evolved from selling CDs to streaming songs to promoting concert tickets and merchandise. Labels were meant to help artists generate albums, fame, and money. But now anyone can record themselves and no one “buys” music. So today that requires being … More…

Email marketer SendGrid up 13% following IPO

Marketing email company SendGrid had a decent first day on the New York Stock Exchange on Wednesday. After pricing shares at $16, the company closed at $18.03, or up almost 13%. The Denver-based company had raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. SendGrid also upsized … More…

Marketing email company SendGrid raises $131 million after pricing its IPO at $16

SendGrid, the Denver-based marketing email company, raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. The company also upsized its IPO, selling 8.2 million shares, instead of 7.7 million. The company begins trading Friday on the New York Stock Exchange, under the … More…

Don Katz dishes on Audible.com storytelling with Invisible Man, Ralph Ellison

Jordan French Contributor In a world that’s primed so many for distracted multitasking, the constant stream of conversationally packaged information offered by audiobooks and podcasts may seem to offer a moment’s respite. “What I got to do with [Ellison] was be his tutee for a year, and take a course … More…

European financial watchdog latest to warn over ICOs

European Union financial regulator, the ESMA, has become the latest regulatory body to issue a warning about the risks of buying into — and running — ICOs, aka the crypto coin fundraising tool that has boomed in recent times to take advantage of an apparent legal grey area between issuing ‘software … More…

Spotify expands merch to beauty products, sells out tickets for Who We Be

Spotify, the $16 billion digital music “startup” that is hotly tipped for an IPO, continues to lay the groundwork to diversify its platform beyond basic streaming. In the latest development, the company is going to start selling beauty products. Yes, you read that right, you can now buy makeup on … More…