Daily Crunch: After raising $3M seed, global fintech platform Payday plans to secure licensing in Canada, UK
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Daily Crunch: After raising $3M seed, global fintech platform Payday plans to secure licensing in Canada, UK by Christine Hall originally published on TechCrunch …
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Hello, and welcome to Wednesday Crunch!
On everyone’s mind today is the power of AI and whether we’re all doomed. Connie reports that 1,100+ notable signatories just signed an open letter asking “all AI labs to immediately pause for at least 6 months.” Meanwhile, Amanda explores how everything is “Goncharov” as the meme-makers are going mainstream with a huge assist from AI tech.
The TechCrunch Top 3
- Future of work is borderless: Payday, now flush with $3 million in new capital, plans to expand its Africa-based operations to Canada and the United Kingdom, Tage writes. The company provides a way for those working remotely to receive payments in their currency of choice.
- “Alexa, call Grandma”: A new Amazon capability brings T-Mobile customers into the fold for making and receiving calls via an Alexa-enabled device, Ivan reports.
- In-suring new funds: India-based insurtech company Acko, which is already backed by Amazon, is in talks for $120 million in new funding. Manish has more.
Startups and VC
With a drier than normal investment scene, founders are looking for more effective ways to reach the right VCs. Thousands of founders have applied to land capital through a common app, Natasha M reports. The platform they’ve been using is Seed Checks. Founders are invited to apply using a one-minute form that asks for a deck, memo and region. The app is then blasted to 16 investors.
Autio, a location-based audio entertainment app co-founded by actor Kevin Costner and formerly known as HearHere, has raised $5.9 million. The funding round was led by iHeartMedia, Aisha reports. Autio uses GPS to narrate stories of landmarks, cities and towns nearby with the aim of fostering deep connections and understandings of the places users are traveling through.
And we have five more for you:
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Three more from the TC+ team:
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Big Tech Inc.
Lots of Google-related news today, so let’s summarize, shall we? The TechCrunch audience was particularly enamored with Aisha’s story about a new feature on extreme heat alerts. Why? Perhaps it’s because our weather is not cooperating with the current month. Meanwhile, Frederic reports on Google Cloud launching AlloyDB Omni; Ivan has your look at Google’s new ad transparency center; Manish reports on an Android antitrust case in India; Aisha writes about new Google Search features; and Lorenzo and Carly round it out with a story on hackers using spyware to target users in the UAE.
And with that, we hope you have a Google day!
Now here’s five more for you: