Uber accused of espionage, bribery and hacking by former worker

 The $1.86 billion legal battle between ride-hailing giant Uber and Alphabet’s self-driving unit Waymo reached a pivotal moment today as the judge in the case released a damning letter based on the account of a former Uber employee. The letter alleges that a special division within Uber was responsible for acts of corporate espionage, the theft of trade secrets, the bribery of foreign… Read More

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Australia’s Airwallex raises $6M to develop its cross-border fee enterprise

 Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year.
The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia China as backers of… Read More

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Finiata, the finance platform for SMEs, freelancers and the self-employed, luggage €18M funding

 Finiata, the finance platform targeting SMEs, freelancers, and the self-employed that was founded by Sebastian Diemer, who previously co-founded credit scoring and loans company Kreditech, appears to be on somewhat of a roll. The company, formerly known as Bezahlt, has picked up €18 million of financing of its own, and already claims 5,000 customers. Read More

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FreightHub, a European ‘digital freight forwarder’, scores $20M Collection A

 FreightHub, a Berlin and Hamburg-based startup that claims to be Europe’s first fully digital freight forwarder, has raised a $20 million Series A round, just 1.5 years since launch. The round is led by VC firm Northzone, with participation from existing investors. The latter includes Rocket Internet’s Global Founders Capital (GFC), Cherry Ventures, Cavalry Ventures, and La Famiglia. Read More

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