Harness Lab isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $ 3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised $ 425 million, per Crunchbase. On Tuesday, Harness announced $ 150 million in debt financing, essentially a line of credit that the company […]
RBI bars Kotak Bank from digital onboarding of customers, fresh credit cards
India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels, and to stop issuing fresh credit cards, citing serious deficiencies in the bank’s IT systems and risk management practices. Kotak Mahindra Bank is one of the largest private banks in India. It’s also […]
Klarna credit card launches in the US as Swedish fintech grows its market presence
Klarna is launching its credit card in the United States, the Swedish fintech giant told TechCrunch in an exclusive interview. “It was one of our most asked for products,” said David Fock, Klarna’s chief product officer, “and will allow people to pay in the Klarna way but with a card.” By “Klarna way,” Fock means […]
Fisker loses customers’ money, Robinhood launches a credit card, and Google generates travel itineraries
Hey, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the notable happenings in tech over the past few days. This week, TC’s auto reporter Sean O’Kane revealed how EV startup Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started […]
TechCrunch Minute: Robinhood’s credit card has arrived to take on Apple and any upcoming challengers
Robinhood’s new credit card was revealed Tuesday, and though it’s only available for Robinhood Gold members, the Gold Card does have a feature that’s spurring headlines: the ability to invest cash-back bonuses into investments. The announcement comes eight months after the acquisition of the startup X1 for $ 95 million, and it just so happens […]