Here are some key takeaways from the article:
Fintech News
- Arc launched a new product called Runway, which uses machine learning to analyze net cash burn and provide flexible capital to founders.
- Deserve announced an offering that empowers banks and B2B companies to launch corporate credit and charge cards.
- Plaid hired Ripsy Bandourian as its head of Europe to lead the company’s expansion throughout the continent.
Buy Now, Pay Later
- Afterpay may have reason to doubt its decision to pay $29 billion for Square last year due to a surge in bad debts and operating costs.
- Affirm, a US-based provider of "Buy Now, Pay Later" financing, may be a takeover target.
Startups
- Ukrainian fintech startup Adapt is adapting to life during wartime by prioritizing customer needs and providing flexible payment options.
- Netradyne raised $90M at a $1.35B valuation to expand its smart dashcams for commercial fleets.
Other News
- Apple launched the Store app in India, allowing users to discover and purchase apps, music, and other digital content.
- SpaceX’s Starship booster was caught twice by a recovery ship, but the starship itself experienced an anomaly in space.
