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Varo Money raises $45 million for mobile banking without fees

 There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity ...

Tile lays off dozens after a disappointing holiday

 Tile, one of the best known item-tracking gadgets out there, has laid off some 30 people and reportedly froze the potential hires of another 10, TechCrunch has learned. This comes less than a year after the company raised a $25 million B round last May. The layoffs are reportedly due to disappointing sales over the ...

AI voice assistant developer Rokid raises $100M Series B extension to build its US presence

 Rokid, a Chinese startup that makes an AI voice assistant and smart devices, just raised a Series B extension round led by Temasek Holdings, with participation from Credit Suisse, IDG Capital and CDIB Capital. The size of the round was not released, but a source familiar with the deal told TechCrunch that it is $100 ...

Apple revamps web design for App Store

 Apple has updated the look of its web-based App Store, 9to5Mac first reported. It definitely has the feel of the iOS 11 App Store, which Apple completely redesigned and launched last September. But, unlike iOS 11, there’s no focus on app discovery. The functionality is about the same as before, but what it comes down ...

Mercedes and Ferrari are “100% aligned” on F1 future – Zetsche | F1 Fanatic Round-up

In the round-up: Mercedes and Ferrari are “100% aligned” on F1 future – Zetsche • Cosworth interested in Aston Martin tie-up • Italy to lose free-to-air F1 coverage Source: F1 Fanatic

Diverse teams are still *really* good for business, McKinsey says

 Diversity is good for business — not just from the ethical standpoint, but from the perspective of a company’s bottom line, according to McKinsey & Company. As a follow-up to its “Why Diversity Matters” study in 2015, McKinsey analyzed more than 1,000 companies across 12 countries, looking at their respective profits and value creation. Read ...

CES sucked this year

 I’ve heard tell of people predicting the weather through achy joints. CES isn’t all that different. You get a sixth sense about the show once you’ve been to a few. A few weeks before the show starts you get a slight throb in your bones, telling you whether this CES will be a memorable one. ...

Snap Inc. lays off at least two dozen amid slowed user growth and engagement

 Snap Inc. has laid off at least two dozen people across several divisions within the company, according to The Information, which first reported the news. Snap has since confirmed these layoffs, which largely affect those on the content teams in the New York and London offices. Read More Source: TechCrunch

Turo car-sharing marketplace launches in Germany

 Peer-to-peer car-sharing platform Turo is expanding to Germany officially, starting today, after acquiring Daimler’s Croove in-house product for providing essentially the same service. Turo also received a significant strategic investment from Daimler at the same time, as it acquired the automaker’s car-sharing experiment, and it now operates peer-to-peer rental services in the U.S. Read More ...