Railsr, the UK embedded fintech once valued at nearly $1B, goes into bankruptcy protection under new consortium owner

March 9, 2023

Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure. Railsr, the London, UK embedded finance startup formerly known as Railsbank and once worth nearly $1 billion, announced today that it has been acquired by a […]

Railsr, the UK embedded fintech once valued at nearly $1B, goes into bankruptcy protection under new consortium owner by Ingrid Lunden originally published on TechCrunch

Arrival is running out of cash — and fast

March 9, 2023

The high-cost of trying to develop and produce vehicles, a business pivot and three restructurings has taken a toll on commercial EV maker Arrival. And it doesn’t look like it’s going to get any easier for the company. Arrival, which went public in 2021 via a merger with a special purpose acquisition company, posted preliminary fourth-quarter and […]

Arrival is running out of cash — and fast by Kirsten Korosec originally published on TechCrunch