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Union Square Ventures backs Indian EV infra startup Bolt.Earth in $20M funding

Union Square Ventures backs Indian EV infra startup Bolt.Earth in $20M funding

Bolt.Earth, an Indian startup that offers charging infrastructure and software solutions for electric vehicles, has raised $20 million in a funding round to expand its presence within the South Asian nation and enter into new markets. The Bengaluru-based startup has raised fresh capital from its existing and new investors, including Union Square Ventures, Prime Venture…

Florida sues White House over funding tied to new state labor law

Florida sues White House over funding tied to new state labor law

© Reuters. A person walks by the Department of Labor headquarters in Washington, D.C., U.S., May 13, 2021. REUTERS/Andrew Kelly/File Photo By Jonathan Stempel (Reuters) – Florida sued the Biden administration on Wednesday, accusing it of threatening to withhold more than $800 million of funding for transportation infrastructure because of a new state law that…

Open Banking led to a FinTech boom — As Brite raises $60M, account-to-account payment grows

Open Banking led to a FinTech boom — As Brite raises $60M, account-to-account payment grows

The move towards Open Banking payments, especially in the EU, effectively kicked-off the FinTech boom. Open Baking standards meant that FinTech startups could create Wallets and effectively become Banks, or at least “Neo Banks,” in practical day-today-terms. Today, digital wallets are now the leading payment method globally in e-commerce, with a 49% share, according to…