Grammarly acquires Coda, a productivity startup, and appoints Coda's CEO as its new CEO. The acquisition aims to turn Grammarly's AI assistant into an 'AI productivity platform' with new features like generative AI chat and a productivity suite.

Source: https://techcrunch.com/category/fintech/

Databricks has secured a $10 billion funding round, valuing the company at $62 billion. The funds will be used for future acquisitions, employee payouts, and global expansion.

Source: https://techcrunch.com/category/fintech/

A San Francisco jury found Nima Momeni guilty of second-degree murder in the stabbing death of Cash App creator Bob Lee, but not of first-degree murder.

Source: https://techcrunch.com/category/fintech/

Chinese shopping app Temu reclaimed the title of most-downloaded free app in the U.S., surpassing TikTok which was banned in the country this year.

Source: https://techcrunch.com/category/fintech/

Source: https://techcrunch.com/category/fintech/

56 US startups have become unicorns in 2024, despite a tight venture capital market, with AI startups like xAI and Physical Intelligence leading the way, along with cybersecurity, health tech, and fintech companies.

Source: https://techcrunch.com/category/fintech/

Volume, an Italian startup, has raised $6 million to develop a seamless account-to-account (A2A) payment system that reduces transaction fees for merchants and consumers. The company aims to obtain UK regulation and expand internationally.

Source: https://techcrunch.com/category/fintech/

Remote is partnering with Stripe to allow US-based companies to pay contractors in USDC stablecoin in 69 countries. USDC maintains a 1:1 value with the US dollar, eliminating cryptocurrency volatility risks.

Source: https://techcrunch.com/category/fintech/

Agave Games, creator of the popular mobile game 'Find the Cat', has raised $18 million in Series A funding. The startup plans to expand its team and develop new titles, with at least two more expected in the next year. The success of 'Find the Cat', which has surpassed 10 million downloads since its release in August, highlights the ongoing popularity of casual mobile games.

Source: https://techcrunch.com/category/fintech/

BlackBerry has sold its Cylance cybersecurity business to Arctic Wolf for $160 million, a significant write-down from the $1.4 billion it paid in 2018.

Source: https://techcrunch.com/category/fintech/