April 7, 2021 By Liza Monroy
TALK TO THE HAND: The Clubhouse app s waving-hand logo seems apt the social media newcomer has already drawn the attention of 10 million users.
To understand the unexpected social media phenomenon that the drop-in, audio-only app Clubhouse has become, all you have to do is look at its growth up from 10,000 users to 10 million in five months time. This despite the fact that it s still in beta, and can only be joined by invitation, on iPhone.
Recalling the early-aughts days of Gmail, at least some of Clubhouse s allure stems from this perceived exclusivity. No invitation? Join a waitlist, just like at an exclusive restaurant or nightclub. The purpose is to allow smaller groups of users to test it out and iron out kinks, sure, but it s also a classic psychological paradigm: If not everyone can have it, more will desire it.
Phemex Launches OTC Trading, Enables Crypto Purchase with Bank Transfers
Reading Time: 2min read
Phemex, the fastest crypto exchange and futures trading platform has introduced OTC Trading service in partnership with Legend Trading a Silicon Valley-based, regulatory-compliant OTC trading service. With this new addition, users on Phemex can now safely buy and sell cryptocurrencies through USD wire transfer as well as other options, including credit cards and supported payment gateways.
Listening to the Crypto Community’s Needs
As a user-friendly crypto trading platform, Phemex is always receptive to the crypto community’s needs and demands. The latest exercise to expand its offering to include OTC Trading is a result of such commitment. The platform received multiple requests from the community to include OTC Trading, which encouraged Phemex to forge a partnership with a licensed Money Services Business (MSB) to provide a safe and convenient solution.
Apr 8, 2021
Another tech company is moving from California to San Antonio. Silicon Valley-based i2c is a payment processing and banking solutions company that announced on Tuesday it plans to open a new client contract center in the Alamo City. The company says it will hire between 300 and 400 employees for the local operation, and is already accepting online applications.
Photo: Getty Images
Online used car retailing platform Spinny raises $65 million in funding round
PTI
Mumbai |
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The Series C funding round saw participation from new investors including Feroz Dewan’s Arena Holdings, and Think Investments. Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst.
The Series C funding round saw participation from new investors including Feroz Dewan’s Arena Holdings, and Think Investments.
In addition, existing investors Elevation Partners (previously SAIF Partners) and the Fundamentum Partnership, among others, also participated in the funding round, Spinny said in a release.
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So far, the startup has raised more than $120 million, including the latest round.
Founded in 2015, Spinny pivoted from its customer-to-customer model to its current full-stack model, where it buys, refurbishes and sells used cars. The platform sells close to 1,500 cars every month and is growing at a steady rate of 15-16% month-on-month, founder and chief executive officer Niraj Singh told ET. By the end of the year, Singh said, Spinny wants to nearly treble its current volume.
Spinny will deploy the fresh funding for improving customer experience, expanding into new markets, strengthening technology and product capabilities, launching new business categories, and building teams across functions.