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Hong Kong’s Neat raises $3M to offer easy banking for startups and SMEs
Neat, a Hong Kong-based startup that gives startups and SMEs access to credit cards and banking services has pulled in $3 million in fresh funding.The new round is led by China-based VC Linear Capital with participation from Hong Kong’s Sagamore investments and existing backers Dymon Asia Ventures and Portag3 Ventures. Neat previously landed a $2 million seed round earlier this year. In a nutshell, the company offers quick access to prepaid Mastercard-based cards and basic banking services. (Fonte: TechCrunch)
Yahoo agrees $50M settlement package for users hit by massive security breach
One of the largest consumer internet hacks has bred one of the largest class action settlements after Yahoo agreed to pay $50 million to victims of a security breach that’s said to have affected up to 200 million U.S. consumers and some three billion email accounts worldwide. In what appears to be the closing move to the two-year-old lawsuit, Yahoo — which is now part of Verizon’s Oath business— has proposed to pay $50 million in compensation to an estimated 200 million users in the U.S. and Israel, according to a court filing. (Fonte: TechCrunch)
Web performance software company Cloudflare readies IPO -sources
Cloudflare Inc, a U.S. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion, people familiar with the matter said. The San Francisco, California-based company is looking to go public in the first half of next year, the sources said this week, joining a string of software and internet firms seeking to tap the stock market and capitalize on strong investor appetite and rich valuations. (Fonte: Reuters)
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