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PayPal backs pan-European savings deposit marketplace Raisin

Raisin, the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal. Described as a “strategic investment,” the new funding round remains undisclosed. The Berlin-based company had previously raised a total of €60 million from various backers, including Thrive Capital, ...

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Go-Jek buys three startups to advance its mobile payment business

Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering ...

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Teabox raises $7M for its global tea-commerce business

Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business. This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head ...

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The Boring Co. tops 30,000 hats sold

That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced just three weeks ago. Production will be capped at 50,000 hats, so if the current momentum doesn’t fez out, trilby all ...

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Net Neutrality isn’t the only thing the current FCC is screwing up

Lost amid the furor over the Federal Communications Commission’s terrible, horrible, no good, very bad decision to reverse net neutrality requirements is another, equally awful decision that has slipped through the cracks. In mid-November, the Commission decided to “re-think” it’s Lifeline program, which provides subsidies for broadband internet subscriptions to low-income ...

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