Tuesday, 29 Sep 2020
Category: Business

Finix raises $35M in Series B funding

Finix, a payments tech startup raised $35 million as part of their Series B round, participated by Activant Capital and Inspired Capital. Including $17.5 million raised in July 2019, Finix has raised $55 million till date. The startup will use the cash to scale up the organisation, doubling the existing staff count. Read more

Cowboy, the e-bike startup from Belgium, raises €10M

Cowboy is a Belgian startup that designs and sells smart electronic bicycles. It has raised €10M in Series A funding to expand outside Belgium. Tiger Global Management led the funding round with participation from  Index Ventures and Hardware Club. Cowboy’s bikes are lighter, stylish and has an automatic motor assistance that delivers power when necessary, […]

Embraer Launches Two Long Range Private Jets

The Brazilian Plane maker announced that Embraer is launching two longer- range business jets, highlighted with revamped cabins and technology that decreased turbulence to make flights much smoother. If Embraer deal to merge the business with Boeing Co. goes forward, it will no longer be able to count on its best- preforming commercial division which […]

Nasdaq

Markets across the world dropped following Wall Street

Thursday morning aroused investors in fear of the rising interest rates, as Asia’s stock markets dropped intensively. The fall of Dow Jones, brought investor’s concern that the Federal Reserve will continue to raise interest rates leading to a slow economic growth. Not only, but also making borrowing more expensive for the U.S. government.  Analysts said […]

SmileDirectClub is Valued at $3.2 Billion

Today SmartDirectClub has announced that it is one of the top at-home teeth-aligners among other startups. The company ships invisible aligners directly to customers making the cost not only 60% less than any other teeth-straightening treatments but also a long lasting treatment that can stay up to 14 months.  However, speculations have been raised by […]

SoftBank To Pick Up Majority Stake In WeWork Soon

SoftBank just announced it will own 50% of WeWork funds very soon. WeWork received a massive investment of $4.4 billion from SoftBank Group and SoftBank vision fund. It has raised 1$billion from Softbank as convertible debt, but sadly it has lost it in a blink of an eye during the first half of the year, […]

China’s Stock Market Stumbles

China’s stock market tumbled as investors were frightened by the cental bank’s decision to cut down the amount of cash that the country’s lenders must hold as reserves, for the sake of the economic growth. The central bank mentioned that the reserve requirement ratio currently stand at 15.5 % for large institutions and 13.5% for […]

Amazon Prime

Amazon acquires online Pharmacy PillPack

Amazon entered the pharmaceutical industry with the acquisition of tech-focused retailer PillPack, an online pharmacy which operates in all 50 US states and offers pre-sorted dose packaging and home delivery. This is a threat to the traditional players like Walgreens and CVS in acquiring market shares. According to PillPack CEO Parker, with Amazon they are […]

drug test

Aquinox Pharma shares plunge more than 80%

The company’s shares dropped 85% to $2.34, being the lowest since Aug. 7, 2015. Rosiptor drug failed in meeting its goal of average change in reducing bladder pain in female patients by week 12 of the trial. According to the recent earnings report the company has not generated product revenue or profitability since its inception […]

Waymo

Apple hires a senior Engineer from Waymo

Apple has hired Jaime Waydo who is a senior self-driving car engineer at Alphabet’s Waymo unit. According to her LinkedIn profile, Waydo worked as engineer at NASA’s Jet Propulsion laboratory and at Waymo, supervised systems engineering which is the process of making sure that hardware and software work well together. She also handled the task […]