HV Capital closes €710M fund amidst the wider European and global funding downturn

May 4, 2023

If you’ve heard of Flixbus, SumUp, StudiVZ, Seatwave, Cafe Press, Zalando, Wooga, HelloFresh, Depop, Delivery Hero, and Agreena, then you’ve heard of companies invested in by HV Capital. The German early and growth stage VC has been a stalwart of the European tech startup ecosystem since at least the early 2000s, funding largely German-born companies […]

HV Capital closes €710M fund amidst the wider European and global funding downturn by Mike Butcher originally published on TechCrunch

Paramount+ grows to 60M subs as it prepares to integrate with Showtime

May 4, 2023

The previously announced integration of Showtime into Paramount+ draws closer as the company reports its first-quarter fiscal earnings. Paramount+ with Showtime is set to launch in the third quarter. While the integration is anticipated to generate around $700 million in future annual expense savings, which Paramount announced last quarter, it also resulted in a programming […]

Paramount+ grows to 60M subs as it prepares to integrate with Showtime by Lauren Forristal originally published on TechCrunch

Bytedance is making its music streaming service Resso premium-only

May 4, 2023

Three years after first launching the music streaming app Resso in India, Bytedance is making it a paid-only service. The company notified users on the app and website saying that “Resso will upgrade to a Premium-only service from May 11, 2023, to elevate your social music streaming experience.” The service currently operates in India, Brazil, […]

Bytedance is making its music streaming service Resso premium-only by Ivan Mehta originally published on TechCrunch

Meet Liquido, which aims to be the ‘Stripe of LatAm’ — but with even bigger ambitions

May 4, 2023

The ability to offer businesses more ways to accept digital payments is crucial globally, but merchants’ specific needs typically differ based on geography. In recognition of those nuances, Liquido has for two years been working on building payments infrastructure aimed at modernizing payments access for businesses in Latin America. And today, the company is emerging […]

Meet Liquido, which aims to be the ‘Stripe of LatAm’ — but with even bigger ambitions by Mary Ann Azevedo originally published on TechCrunch

How the feds caught a notorious credit card fraudster

May 4, 2023

The U.S. government announced on Wednesday that it had dismantled “Try2Check”, a credit card checking operation that allowed cybercriminals involved with the bulk purchase and sale of stolen credit card numbers to see which cards were valid and active. Department of Justice prosecutors confirmed the indictment of Russian citizen Denis Gennadievich Kulkov, who is suspected […]

How the feds caught a notorious credit card fraudster by Carly Page originally published on TechCrunch

Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity

May 4, 2023

Shopify revealed today that it’s laying off 20% of its workforce, impacting more than 2,000 people, and is selling its logistics business to Flexport for roughly 13% in stock. The news comes some 10 months after Shopify announced that it was reducing 10% of its workforce — roughly 1,000 people — and follows a trend that […]

Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity by Paul Sawers originally published on TechCrunch

Millions of patients’ data confirmed stolen after Fortra mass-hack

May 4, 2023

Millions of people across the U.S. had reams of personal and health information stolen in a mass-hack targeting dozens of companies, including healthcare providers, according to new filings with the federal government. NationBenefits, a Florida-based technology company that offers supplementary benefits to its 20 million-plus members across the U.S., confirmed in April that hackers had […]

Millions of patients’ data confirmed stolen after Fortra mass-hack by Carly Page originally published on TechCrunch