Mary Ann Azevedo
Menlo Ventures has raised $1.35 billion in new capital that it plans to use in part “to support the forthcoming generation of AI startups,” the venture firm announced today.
With the new funds, the firm says it has raised more than $3.8 billion across eight fund groups and distributed $5.2...
AI can help customers, but can it help the bottom line?
An increasing number of fintechs claim to be using artificial intelligence to get ahead. Just how many of them are truly using the technology to improve the experience for their customers, however, is less clear.
In the spend management space...
Fintech giant Klarna has reached an agreement with workers that were set to strike next week, the company told TechCrunch today.
Klarna employees were planning to strike next week in the fintech’s home country of Sweden, as reported by tech.eu.
The dispute was reportedly over the lack of a Collective...
WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal.
If WeWork does indeed file, it shouldn’t come as a shock to close followers of the flexible workspace provider. WeWork warned in August in its second-quarter...
Fintech startup Plaid has hired former Expedia CFO Eric Hart to serve as its first chief financial officer.
When asked if the move meant that the company was planning to go public, a spokesperson told TechCrunch: “We do not have any plans to IPO at this time…It will be...
WeWork has sent a cease and desist letter to rival Codi in response to the startup’s recent marketing campaign it dubs “WeWont,” TechCrunch has exclusively learned.
In the letter, viewed by TechCrunch, WeWork’s Chief Legal Officer Pam Swidler cited “unauthorized use and misappropriation of WeWork’s intellectual property, false advertising...
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company.
The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote in...
PayPal has been hit with a class-action lawsuit by consumers represented by law firm Hagens Berman alleging that the fintech giant’s anti-steering rules stifle competition against lower-cost payment platforms such as Stripe and Shopify.
Specifically, according to an investigation conducted by the firm’s consumer rights attorneys, PayPal has subjected...
Microsoft alum Panos Panay has been tapped to lead Amazon’s Devices & Services (D&S) business, the e-commerce giant confirmed today.
Panay was previously with Microsoft for over 19 years, most recently serving as its EVP and Chief Product Officer, leading the Windows + Devices division. Panay began his tenure...
Facebook will now allow users to create multiple personal profiles in an effort to help users feel “freer” to engage on the platform, the company announced today.
The move makes sense, so much so that one wonders what took the company so long to roll it out. Some Facebook...
