For nearly all fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend.
The Reserve Bank of India has informed dozens of fintech startups that it is barring the practice of loading non-bank prepaid payment instruments (PPIs) – prepaid cards, for instance – using credit lines, in a move that has prompted panic among – and existential threat to – many fintech startups and caused some to compare the decision to China’s crackdown on financial services firm last year.
Several startups including [...]
For those of us who’ve been a little bit wobbly on the mental health front over the past couple of years, there are a bunch of options starting to crop up. The on-demand chat-based therapy options are one, and at-home ketamine-assisted treatments are another. We’ve seen Mindbloom and Fieldtrip Health taking pole position, and recently, Wondermed announced it raised $4.6 million to join the ketamine-powered bandwagon.
The services are all minor variations on a very similar theme. You sign up and give them some money, and are taken through a telemedicine protocol to figure out whether ketamine is [...]
Any given year, the real unsung highlight of re:Mars are the dozen or so startups and researchers who show off their wares on the show floor. There are always a couple of cool projects that have somehow managed to escape our radar, thus far. Los Angeles-based Airrow jumped out with a clever product offering.
The startup makes a device designed to automatically remove and replace batteries and payloads for drones. It operates similarly to a CNC machine or 3D printer, with a gantry that moves along X- and Y-axes to get the battery from the charger to the drone and [...]
Ro, a healthcare unicorn that last raised $150 million just months ago at a $7 billion valuation, has cut 18% of its staff to “manage expenses, increase the efficiency of our organization and better map our resources to our current strategy,” leadership wrote in an e-mail obtained by TechCrunch and confirmed by multiple sources.
“Due to our obligation to protect patient healthcare information, there will not be a transition period for those departing the company,” the e-mail continues. “We know that this will feel abrupt and hope you can find alternative ways to connect to say goodbye to your [...]
from Kyle Wiggers
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Hey, folks! Me again. As I’m sure it had you on the edge of your seat, I’m pleased to report that the team wasn’t completely dissatisfied with my inaugural work (it’s here in case you missed it), and so they’ve agreed to let me have another go. In other uplifting news, it’s nearly the end of the week. And if you’re staring outside at the same New York City skyline I am, the weather’s [...]
This is what might be on Mars.[...]
from David Nield
It's not as woo-woo as it sounds.[...]
from David Nield
The most comprehensive study of longevity ever published.[...]
from EVAN GOUGH, Universe Today
What a beast.[...]
from Felicity Nelson
I, for one, welcome our new bacteria overlords.[...]