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CBRE buys remainder of co-working company Industrious at an $800M valuation

Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable investment, at a valuation of over $800 million. Founded in 2013, New York-based Industrious raised a total of $522 million in funding from investors, including Riverwood Capital and Fifth Wall Ventures. Its last […]

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Why some former Bench customers are not happy

Welcome to TechCrunch Fintech!  This week, we’re looking at the latest with embattled fintech Bench, Robinhood’s $45 million settlement, a couple of M&A deals, some cool fundraises, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big […]

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Robinhood agrees to pay $45M in SEC settlement

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with […]

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Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B

Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob […]

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Bench customers are now being forced to hand over their data or risk losing it, they say

After accounting startup Bench abruptly shut down on December 27 and was bought in a fire-sale by Employer.com, Bench customers are now learning they can’t easily just take their financial data and leave.  And some are very unhappy about it, three customers told TechCrunch. To recap: When Bench, a startup based in Canada that raised […]

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ICON, a builder of 3D-printed homes last valued around $2 billion, cuts about 25% of staff

ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce Commission. A spokesperson for the company confirmed the news to TechCrunch, providing a statement that ICON had “recently made a difficult decision to re-align” its team and team size “to focus […]

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What the heck happened at fintech Bench?

Welcome to TechCrunch Fintech! It’s good to be back.  This week, we’re looking at the wild ride that was Bench’s shutdown and acquisition; dozens of companies that are hiring in the fintech space; lawsuits against PayPal; an IPO update; and more! This edition is a bit longer than normal since we were on a hiatus […]

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Employer.com offers to buy failed fintech Level, a week after it makes offer for Bench

Employer.com has offered to acquire Level, a fintech startup that just last week abruptly shut down after failing to find a buyer, according to The Information. But Level is still mulling over the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s with legal,” he said. Update: There are other details, beyond legal, that are […]

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Microsoft to spend $80 billion in FY’25 on data centers for AI

Microsoft has earmarked $80 billion in fiscal 2025 to build data centers designed to handle artificial intelligence workloads, according to a company blog post. Specifically, the tech giant plans to build out AI-enabled data centers “to train AI models and deploy AI and cloud-based applications around the world.” Of that $80 billion allocation, more than […]

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