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Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today. While specific details around who exactly was affected remain unknown, sources in recent months had told TechCrunch that the San Francisco-based startup’s engineering team was likely to take a big hit. In March, Plaid CTO Jean-Denis Greze […]

Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’ by Mary Ann Azevedo originally published on TechCrunch

Auditing firm Mazars has released a report about Binance’s BTC reserves. The auditing firm has reached the same conclusion as Binance itself. As of November November 22 at 23:59 UTC, Binance held enough bitcoins and wrapped bitcoins to cover all users’s balance on the exchange. Binance had already launched a proof-of-reserves website nearly two weeks […]

Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars by Romain Dillet originally published on TechCrunch

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question, and unpack the rest. This week, Natasha chatted with Alex about ego, how recent news from […]

Ego-ish and how tech’s main characters are all a bit different by Natasha Mascarenhas originally published on TechCrunch

So they’ve looked at your pitch deck and you’ve got the intro. Now, you have 30 minutes to win over an investor. What do you tell them?

To win over investors, use growth as your differentiator by Ram Iyer originally published on TechCrunch

Several years ago, on a dairy farm in the small Irish village of Dundrum, four technologists — Maxim Dressler, Ryan Lasmaili, Shaun Mc Brearty and Tilo Weigandt — brainstormed solutions for what they saw as a fundamental problem in data security: unencrypted text files. According to a 2016 survey commissioned by CyberArk, 40% of organizations […]

Vaultree raises $12.8M to let companies more easily work with encrypted data by Kyle Wiggers originally published on TechCrunch

Proton, the Swiss company behind a range of privacy-focused online services, has officially brought its end-to-end encrypted (E2EE) cloud storage service to mobile. Founded in 2014, Proton was initially all about an encrypted Gmail alternative called Proton Mail, but in the intervening years the company has launched its own VPN and sought to replicate various […]

Proton Drive encrypted cloud storage service arrives on mobile by Paul Sawers originally published on TechCrunch