SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia

The District of Columbia Attorney General today announced an agreement with SoLo Funds, a fintech company that enables peer-to-peer lending, to settle a lawsuit that alleged SoLo Funds engaged in predatory lending practices. The practices alleged include Los Angeles-based SoLo Funds not telling customers “the true cost of the loans on its platform” and that […]

Yeah, tech growth is slowing down

Shares of Amplitude, Airbnb and Twilio are down sharply this morning following their earnings results yesterday. It might seem odd to group these companies together given the different sectors they operate in: Amplitude does digital product analytics, Airbnb provides a marketplace for consumer lodging rentals, and Twilio sells communications services for software products via APIs. […]

Triumph raises $14M for an SDK to add real-money tournaments into games

The surge of interest in e-sports, online fantasy leagues and more extensive online financial infrastructure have made the concept of real-money gaming more popular among consumers and games developers. Today a startup called Triumph — which has built an engine, and accompanying SDK, to power real-money tournaments — is announcing $14.1 million funding to continue […]

3 days left until Disrupt prices increase

Three days, 72 hours or 4,320 minutes. No matter how you calculate it, time is running out for you to score an early-bird pass to TechCrunch Disrupt and save up to $800. Go to TechCrunch Disrupt 2023 for a lot less Early-bird pricing disappears this Friday, May 12 at 11:59 p.m. PDT. Buy your pass […]

Vanguard trims Indian ride-hailing giant Ola’s valuation by 35%

Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public companies. Vanguard cut the valuation of Ani Technologies, Ola’s holding firm, by 35% as of the end of the February, it disclosed in its semi-annual report to […]

AI2 Incubator’s new $30M fund triples down on early stage AI startups

The AI startup world may be getting hotter by the day, but there’s a difference between a startup that uses AI and an AI-first startup — and the Allen Institute for AI prides itself on fostering the latter in its AI2 Incubator. Their previous $10 million fund did so well that the backers have returned […]

How do you know when it’s time to shut down?

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha spoke to Kristen Anderson, the co-founder and CEO […]