Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine

May 29, 2024

After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be safe than sorry. In particular, N26, a Berlin-based banking startup that raised hundreds of millions of euros and quickly became a unicorn, has had a […]

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Kinnect’s new app aims to help families record and store generational memories

May 29, 2024

A new startup called Kinnect aims to help people privately save generational memories, traditions, recipes, and more. The company’s app, launched this month, lets people create invite-only spaces where they can share images, videos, audio, text, and more with their entire family. Kinnect was founded in May 2023 by Omar Alvarez, an entrepreneur who has […]

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The Download: the minerals powering our economy, and Chinese companies’ identity crisis

May 29, 2024
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Quartz, cobalt, and the waste we leave behind It is easy to convince ourselves that we now live in a dematerialized ethereal world, ruled by digital startups, artificial intelligence, and financial services. Yet…

With the EU AI Act incoming this summer, the bloc lays out its plan for AI governance

May 29, 2024

The European Union has taken the wraps off the structure of the new AI Office, the ecosystem-building and oversight body that’s being established under the bloc’s AI Act. The risk-based regulatory framework for artificial intelligence is expected to enter into force before the end of July — following the regulation’s final approval by EU lawmakers […]

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Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text

May 29, 2024

Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison Partners and StepStone Group co-led the equity portion of the raise while Stifel Venture Bank provided a lending facility, which made up less than 15% […]

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