Why Affirm’s stock is getting hit, and what the selloff means for the BNPL startup market

The number of startups building buy now, pay later (BNPL) services is long. Just this year we’ve seen French BNPL startup Alma raise a $130 million equity round, BillEase raise $11 million for BNPL in the Philippines, Lipa Later raise

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3D content collaboration startup Taichi Graphics closes $50M Series A

It operates Taitopia, a cloud-based platform for 3D graphics creation, sharing and remote collaboration, sort of like “Figma for 3D content” in its own words. Undergirding the platform is its open-source programming language Taichi, which offers a high-performance computation on

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Nigerian healthtech startup Reliance Health raises $40M led by General Atlantic

There’s no denying the growth of healthtech globally over the past three years thanks to the pandemic. The event has accelerated the use of telemedicine, virtual care, and drug delivery, thus fuelling investor interest in the sector. Investment has also

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Korean micromobility startup Swing grabs $24M for growth, expands to Japan 

Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan.  The funding was led by White Star Capital, which also invested

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How to recruit when your software startup is in stealth mode

Michael Fey leads Island as co-founder and CEO, relying on his extensive experience in cyber security, enterprise software and cloud technology. A company’s most valuable asset is its people, especially for organizations still in their infancy. A startup’s founding team

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After the acquisition: 3 startup founders share their exit experiences

In an interview at TechCrunch Disrupt in 2014, then-CEO of Pure Storage, Scott Dietzen, was asked about the possibility of exiting via acquisition. He didn’t pull any punches: “Acquisitions always suck, and suck worse than you think that they are

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Shares of EV start-up Lucid surge as much as 47% after confirming deliveries of its first car

People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Shares of electric vehicle start-up Lucid Group surged by as much as

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Fusion startup builds 10-foot-high, 20-tesla superconducting magnet

Enlarge / The assembled magnet gets lowered into its testing apparatus. Commonwealth Fusion Systems In 2015, a group of physicists at MIT did some calculations to rethink how we’re approaching the problem of fusion power. High-temperature, nonmetallic superconductors were finally

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