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Opinion: Why ‘My Way’ won’t go away
  + stars: | 2024-03-03 | by ( Richard Galant | ) edition.cnn.com   time to read: +17 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “That is the way he spoke,” Anka told Ed Masley of the Arizona Republic. It may not go his way, but the failure of Congress to approve more aid to Ukraine likely is giving Putin hope. Whether Congress chooses to provide the continued financial support Ukraine, Israel and Taiwan desperately need will go a long way toward answering this question. “If Biden wants to improve his standing with voters,” wrote Jon Gabriel, “a Brownsville photo won’t cut it.
Persons: CNN — “, , Frank Sinatra, , Alexey Navalny, Paul Anka, Sinatra, , Anka, ” Anka, Ed Masley, Vladimir Putin, Donald Trump, Melania Trump, Odessa Rae, Trump, Joe Biden, Jack Smith, Mitch McConnell, McConnell, Julian Zelizer, Putin, Emmanuel Macron, Mark T, Esper, Russia resurges, ” Esper, Nick Anderson, Dahlia Lithwick, Steve Vladeck, Walt Handlesman, Biden, Nikki Haley, “ Biden, specter, ” David Axelrod, Haley, ” Dana Summers, Joe Biden John Halpin, Sophia Nelson, Catherine Russell, Russell, Ofri Bibas Levy, Yarden, Kibbutz Nir, Shiri Bibas, Ariel, ” Levy, Shiri, Kfir, Frida Ghitis, Drew Sheneman, Roe, ” Cupp, Katie Britt, Elena Sheppard, I’d, Betsy Ross, ” Sheppard, Dorothea Dix, Lucy Delaney, Elizabeth Cady Stanton, Sheppard, Kristen Kelly, Serene Williams, Clay Jones, Jon Gabriel, Gabriel, Eric Adams, Laken Riley, Raul A, Reyes, ” Don’t, David Horsey, Agency Van Jones, Ariel Dorfman, Dean Obeidallah, Shane Gillis, Noah Berlatsky, , Kellie Carter Jackson, Lev Golinkin, Josephine Apraku, Germany Jill Filipovic, Jodie Turner, Smith, Michael Bociurkiw, Anna Arutunyan, Kirk Tanner, Jeff Yang, ” Wendy’s, ” Yang Organizations: CNN, FBI, Liberty Ball, Russia ”, Twitter, Capitol, Republicans, Senate, GOP, Trump, Republican Party, West, Tribune Content Agency Trump, Michigan Trump, Democratic, Agency, Tribune Content Agency, UNICEF, Hamas, CNN Republicans, Union, Biden, New York City, Immigration, Customs Enforcement, University of Georgia, Congressional, Stanford Locations: Moscow, Miami, Arizona Republic, Russian, Russia, Odessa, Ukraine, Michigan, , United States, Israel, Taiwan, Washington ,, Gaza, Tribune Content Agency Gaza, Rafah, , Alabama, Biden’s State, Brownsville, New York, Venezuela, Germany
The "Mean Girls" remake has been re-edited to remove a joke about Lindsay Lohan from some digital versions. AdvertisementA line from the "Mean Girls" 2024 remake has been removed from new digital streaming versions of the movie after Lindsay Lohan took offense to it. AdvertisementAs Business Insider previously reported, in the theatrical version "Mean Girls," Megan Thee Stallion — playing herself — appears in a social media montage. Lindsay Lohan. Lindsay Lohan in "Mean Girls."
Persons: Lindsay Lohan, Lohan, , Tina Fey's, Brandon Davis, Megan, Davis, John Nacion, Getty Davis, Lindsay, Fey Organizations: Service, Paris Hilton, The Hollywood, Paramount Pictures, Paramount, Variety Locations: USA
For a second year, CNBC and independent research firm Statista are working together to identify the world's top fintech companies, to be named in a published CNBC report this July. Nominations are now open for the top global fintech companies list. You can check out last year's list of the top 200 fintech companies, which includes the likes of Chinese tech giants Ant Group and Tencent, U.S. fintech firms PayPal and Stripe, and European companies like Klarna and Revolut. In addition to the fintech list, CNBC is also launching a separate list showing the top insurance technology (insurtech) companies globally, planned to be published in August. Insurance has proven a market ripe for digital disruption, as a wave of new digital-native companies have done away with the paper-based processes that previously dominated the industry.
Organizations: CNBC, Ant Group, PayPal, Insurance
Wendy’s will soon begin testing surge pricing
  + stars: | 2024-02-27 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —The price of a Wendy’s Frosty could soon fluctuate throughout the day as the chain looks to introduce Uber-like surge pricing on its menu. The practice, known as “dynamic pricing,” will begin testing in 2025, Wendy’s recently revealed in an earnings call. Surge pricing is common with sports and concert tickets and for ride-hailing apps, with services like Ticketmaster and Uber using sophisticated dynamic pricing algorithms that change minute by minute, based on demand. However, there hasn’t been widespread adoption from restaurants because of the labor it takes employees to change menus. McDonald’s has also dabbled with dynamic pricing and new order-suggestion capabilities at some of its upgraded drive-thrus and on its app.
Persons: Wendy’s, Kirk Tanner, ” Tanner, Jonathan Maze, , Organizations: New, New York CNN, Ticketmaster, Uber, CNN Locations: New York, upselling
CNN —President Joe Biden is embracing his bully pulpit as he calls out resistance from former President Donald Trump and Republicans on Ukraine and Russia. In repeatedly assailing Trump and his party from the White House, Biden also hopes to illustrate the stakes of the upcoming election and demonstrate his own efforts to unite the west against Russian aggression. House Republicans have scuttled efforts to pass a bipartisan border security bill and additional assistance for Ukraine – both at Trump’s urging. “Trump gave an invitation to Putin to invade some of our ally, NATO allies,” Biden said earlier this month. Why can’t Trump just say that?” Biden said in a White House video released Tuesday.
Persons: Joe Biden, Donald Trump, Donald Trump’s, Alexey Navalny, Vladimir Putin’s, Biden, Putin, Navalny, ” Biden, , ” Trump, assailing Trump, Strom Thurmond, “ I’ve, I’ve, Thurmond, segregationists, Strom, ” “ I’m, Mike Johnson, Trump, He’s, “ Trump, Abraham Lincoln, America, can’t Trump, he’s, they’re, Organizations: CNN, Republicans, House Republicans, Trump, San, Wednesday, White, Ukraine –, Democratic, United States Congress, , NATO, Super, Quinnipiac, Russia Locations: Ukraine, Russia, California, San Francisco, Israel, Palestinian, Los Angeles, Bay, White, Russian, United States, Avdiivka, Michigan , Wisconsin, Pennsylvania, Latvian, Lithuanian, Polish
Wingstop CEO Michael Skipworth: There's a ton of runway for us and our ad strategy is workingWingstop President and CEO Michael Skipworth 'Mad Money' host Jim Cramer to talk quarterly results, moving into a new digital platform, its marketing strategy and more.
Persons: Michael Skipworth, Jim Cramer
How flying taxis could go mainstream
  + stars: | 2024-02-20 | by ( Sarah Sloat | ) www.businessinsider.com   time to read: +7 min
But some experts say if air taxis are going to go mainstream, an overlooked element will need to be scaled up: software. One part is the physical infrastructure, such as a vertiport — where air taxis can take off, land, and recharge. Because it’s a self-flying aircraft, there are unique software needs, Becky Tanner, the chief marketing officer at Wisk, told BI. Courtesy of VolocopterVolocopter also sees a “stand-alone business case” for VoloIQ as a third-party software, Seywald said. Getting air taxis in the skies could hinge on the customersSoftware is an essential part of the success of a mobility provider, Seywald told BI.
Persons: you’re, it’s, , Yu Yu Zhang, ” Zhang, Zhang, There’s, Susan Shaheen, ” Shaheen, Becky Tanner, ” Tanner, VoloIQ, Klaus Seywald, Seywald, Volocopter, ” Seywald, Shaheen Organizations: Newark Liberty International Airport, Infrastructure, US, AAM, Federal Aviation Administration, Center for Urban Transportation Research, University of California, Sustainability Research Center, Purdue University, Aerovy Mobility, Boeing, Wisk, Microsoft, Software, Locations: Manhattan, Berkeley, Wisk, German, Paris, Rome
LONDON (AP) — The European Union said Monday it is investigating whether TikTok has broken the bloc's strict new digital rules for cleaning up social media and keeping internet users safe. The European Commission, the EU's executive branch, said it has “opened formal proceedings to assess" whether TikTok has breached the Digital Services Act, which took effect last year. The commission is focusing on whether TikTok is doing enough to curb “systemic risks” stemming from its design, including "algorithmic systems" that might stimulate “behavioral addictions." The EU has deemed nearly two dozen of the biggest online and social media platforms including TikTok, as ones that deserve the highest level of scrutiny under the DSA and hefty fines if they fail to comply. The bloc is already investigating Elon Musk’s X, previously known as Twitter, for breaches including failure to curb the spread of illegal content.
Persons: TikTok, ” Thierry Breton, We’ll, Elon Musk’s Organizations: Union, European Commission, Digital Services, DSA, EU
“Make no mistake: Putin is responsible for Navalny’s death. A few moments earlier, Secretary of State Antony Blinken linked Navalny’s death directly to Russia’s president. Asked whether Navalny’s death might spur Congress to act in providing more Ukraine aid, Biden was hopeful. Even so, Johnson said in a statement Friday that Putin “is likely directly responsible” for Navalny’s death. “I made it clear to him that I believe the consequences of that would be devastating for Russia,” Biden said in Geneva, where the summit was held.
Persons: Alexey Navalny’s, Vladimir Putin, Joe Biden, Donald Trump, Putin, ” Biden, Roosevelt, “ Putin, ” Trump, Nikki Haley, Fani Willis ’, Trump, Putin’s, Biden, “ It’s, Kamala Harris, Antony Blinken, , , Mike Johnson, Johnson, Putin “, Tucker Carlson, Carlson, Trump’s, ” Haley, Truman, “ Trump, he’d, Navalny, we’re, ” Harris, Harris, Navalny’s, CNN’s Haley Britzky, Lauren Fox, Kate Sullivan Organizations: CNN, White, GOP, Fulton, NATO, Biden, Munich Security Conference, Republican, Republicans, Ukraine, Fox News, South Carolina Gov, South, Putin, Super, Ukraine wavers, , Trump Locations: Washington, Russia, Fulton County, Georgia, Europe, Moscow, Ukraine, Munich, United States, South Carolina, Michigan , Wisconsin, Pennsylvania, Latvian, Lithuanian, Polish, Geneva, Asia, transatlanticism
OpenAI says it's adding new digital watermarks to DALL-E 3 images. AdvertisementOpenAI says it's adding new digital watermarks to DALL-E 3 images. In a blog post published Tuesday, the company said watermarks from the Coalition for Content Provenance and Authenticity, or C2PA, would be added to AI-generated images. Fellow tech company Meta has also signaled its preparing to crack down on the spread of AI-generated content. The company said on Tuesday it planned to attach labels to AI-generated images on Facebook, Instagram, and Threads.
Persons: OpenAI, , Joe Biden, Rishi Sunak, Taylor Swift, C2PA Organizations: Service, Coalition, Meta, Facebook, Business
Since Apple introduced the App Store in 2008, it has tightly controlled the apps and services allowed on iPhones and iPads, giving the company an iron grip on one of the digital economy’s most valuable storefronts. Now Apple is weakening its hold on the store, in one of the most consequential signs to date of how new European regulations are changing consumer technology. To comply with a European Union competition law taking effect on March 7, Apple on Thursday announced major changes to the App Store and other services for consumers in Europe. In Europe, customers will now have access to competing app stores and other services. In the United States, where there are fewer laws and regulations, Apple and other tech giants have more flexibility to operate as they please.
Organizations: Apple, European Union Locations: Europe, China, United States
5 huge challenges facing Apple this year
  + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.
Persons: , David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, , Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP
LONDON (AP) — Apple has promised to open up its tap-and-go mobile payment system to rivals, the European Union said Friday, as the U.S. tech company seeks to resolve an antitrust case and avoid a fine that potentially could be worth billions. Apple proposed letting third-party mobile wallet and payment service providers access the contactless payment function on its iOS operating system, the EU said. The European Commission, the bloc's executive arm and top antitrust enforcer, accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology. Brussels has been using antitrust cases and new digital laws to rein in the power of Apple and other tech giants and protect consumers. The commission alleged that Apple was restricting competition by blocking developers of rival mobile wallet apps from accessing the near-field communication, or NFC, technology used by its Apple Pay system.
Persons: Apple Organizations: European Union, U.S ., Apple, European Commission Locations: U.S, EU, Brussels, Iceland, Norway, Liechtenstein
Read previewApple has promised to open up its tap-and-go mobile payment system to rivals, the European Union said Friday, as the US tech company seeks to resolve an antitrust case and avoid a fine that potentially could be worth billions. Apple proposed letting third-party mobile wallet and payment service providers access the contactless payment function on its iOS operating system, the EU said. The European Commission, the bloc's executive arm and top antitrust enforcer, accused Apple in 2022 of abusing its dominant position by limiting access to its mobile payment technology. Brussels has been using antitrust cases and new digital laws to rein in the power of Apple and other tech giants and protect consumers. AdvertisementThe commission alleged that Apple was restricting competition by blocking developers of rival mobile wallet apps from accessing the near-field communication, or NFC, technology used by its Apple Pay system.
Persons: , Apple Organizations: Service, European Union, Business, Apple, European Commission Locations: EU, Brussels, Iceland, Norway, Liechtenstein
The survey, which has been running for a decade, reflects input from nearly 12,000 expats representing 177 nationalities in 181 countries or territories. John Coletti/The Image Bank Unreleased/Getty ImagesA longtime retirement destination for Americans, Mexico also has attracted more families and the digital nomad set over the past few years. Pros: Mexico ranked first in InterNations’ 2023 Expat Insider survey and has ranked among the top five countries since 2014. Cons: As is the case in Mexico and other countries with large expat communities, there’s growing backlash against the influx of foreigners, especially Americans, and especially in Lisbon. That popularity among auslanders has contributed to a housing pinch in major cities, especially Berlin, where finding accommodation is one of the most stressful aspects of a move.
Persons: It’s, Megan Frye, Frye, , , We’ve, John Coletti, San Miguel de Allende, margarita, Sean Pavone, expats, Alex Ingrim, Chase, Ingrim, it’s, pollsters, they’re, it’s MVV, Arielle Tucker, that’s, auslanders, Andriy Kravchenko, “ Costa, ” David Lesperance, Costa Rica’s, “ Tico, Sebastien Lecocq, Lesperance, he’s, what’s, Emily, ” Tucker, Roth, Tucker, Carte Organizations: CNN, Invest Overseas, Braga, InterNations, Mexico, National Institute of Statistics, Human Rights Watch, Visa, USA, CNN Travel, , Spain, International, Travel Association, pollsters Gallup, Michelin, Changi, Cons, United, Costa Rica Costa, Central, Costa, Lesperance, Associates, Panama Panama, Miami of, Panama City, Panama Qualified Investment, Panama Golden Visa, France France Locations: Valencia, Spain, Portugal, Mazatlán, Mexico, United States, Mexico City, Michigan, Mexico Mexico, Plaza Carso, Polanco, North America, , Oaxaca, San Miguel, Playa, Carmen, InterNations, Portugal Portugal, Porto, Douro, Europe, Lisbon, Western Europe, Madrid, Barcelona, Seville, Bilbao, Catalonia, Catalan, Netherlands, Amsterdam, Statista, Haarlem, Delft, Leiden, Maastricht, Washington, Miami , New York, San Francisco, Germany Germany, Munich, Germany, Berlin, Frankfurt, Stuttgart, Switzerland, Singapore Singapore, Singapore, Asia, Entre, Costa Rica, , “ Costa Rica, Costa Rican, Panama City, Miami, Miami of Central America, Panama, North, South America, Italy, Venice, Italian, Paris, France, Lyon, Strasbourg
New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.
Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy
KISS ended the last live show of their 50-year career by revealing their digital avatars. The digital avatars drew a mixed reception from fans online. But it wasn't an official curtain call, as the band announced their act would live on through "forever young" digital avatars. "We can be forever young and forever iconic by taking us to places we've never dreamed of before," said KISS bassist Gene Simmons, 74, in a separate announcement video published Saturday. The two companies were also behind ABBA's virtual concert, which put digital avatars of the band onstage in May 2022.
Persons: Per, , we've, Gene Simmons, Paul, George Lucas, ABBA's Björn Ulvaeus, Khudwx7cud Organizations: KISS, Service, Madison, Industrial, Pophouse Entertainment, Associated Press, Twitter, Bloomberg Locations: New York
Both gold and bitcoin kicked off the week by hitting new milestones — spot gold hit a record high above $2,100 per ounce, and bitcoin topped $42,000 to hit its highest level since April 2022. The digital currency appears to have broken through key technical levels and could continue to rally through the end of the year, according to Joel Kruger, market strategist at LMAX Group. "A Bitcoin ETF allows easy access to Bitcoin via broker accounts, RIAs and wealth/private banking channels. Think of Bitcoin ETF as the largest pipe ever built between traditional financial markets and crypto financial markets," the note said. XAU= 5D mountain Gold retreated from the record high reached on Sunday evening in New York.
Persons: bitcoin, Joel Kruger, Kruger, Bernstein, Gautam Chhugani, Chhugani, Bitcoin, Maximilian Layton, Layton, Gold, Craig Erlam Organizations: LMAX, CNBC, Securities, Exchange Commission, SEC, BlackRock, ETF Locations: Bitcoin, U.S, New York
AdvertisementEarlier this week, Iman Jalali, a real estate investor in the greater Chicago area, had business in Bolingbrook, Illinois, and decided to take a detour to visit McDonald's new spinoff concept: CosMc's. AdvertisementA menu board in front of an CosMc's restaurant Iman Jalali"It's surprising. There's a spicy queso sandwich and classic McDonald's breakfast options like the Egg McMuffin and Sausage McMuffin with Egg. Joe CiolliA close-up shot of the drone Joe CiolliFrom his car, Jalali asked someone near the drive-through: "Hey, are you open?" The chain did not respond to Business Insider's request for comment on CosMc's menu.
Persons: McDonald's, , Iman Jalali, Jalali, Iman, Joe Ciolli, Ciolli Organizations: Service, Business Locations: Chicago, Bolingbrook , Illinois, Boston, Dutch, Oregon, CosMc's, Illinois
These Cyber Monday PS5 deals even include deals on the new PlayStation 5 Slim, which features more storage packed into a smaller size. The best Cyber Monday PS5 console deals todayThe best Cyber Monday PS5 accessory deals todayThe best Cyber Monday PS5 game deals todayPS5 Cyber Monday FAQsWhat's different between the PS5 Slim and the original PS5? The PS5 Slim with disc drive typically costs the same as the original PS5 with disc drive at $500; the digital-edition PS5 Slim will cost $450, which is $50 more than the original digital-edition PS5. The original digital-edition PS5 costs $400, so it's $100 cheaper than PS5 models that include a disc drive. At $450, this redesigned model will cost slightly more than the original digital-edition PS5.
Persons: We're, Slim, doesn't Organizations: PlayStation, PS5, Slim, Sony
These are the best Black Friday PS5 deals we've seen since the console launched in 2020, and the discounts even include the newly released slim PlayStation 5 model. We expect these Black Friday PS5 deals to last through today, November 24, and could extend to Cyber Monday on November 27. Best PS5 Black Friday deals todayPS5 Black Friday FAQsWhat's different between the PS5 Slim and the original PS5? The standard PS5 slim costs the same as the original PS5 at $500; the PS5 slim digital edition will cost $450, which is $50 more than the original digital-edition PS5. The original digital-edition PS5 costs $400, so it's $100 cheaper than the standard PS5.
Persons: we've, We're, they're Organizations: Warfare, PS5, Sony, PlayStation
“We have seen an alarming increase in disinformation and hate speech on several social media platforms in recent weeks,” Johannes Bahrke, a European Commission spokesperson, said Friday. That means, should the European Commission find that X has broken DSA rules, the company could be fined as much as $180 million. So far, only two states, Italy and Hungary, have done so, a commission spokesperson told CNN. The European Commission, which recently sounded the alarm on a sharp rise in antisemitism in Europe, has so far stopped short of criticizing Musk directly. A commission spokesperson declined to comment to CNN on Musk’s X post from last Wednesday.
Persons: ” Johannes Bahrke, Bahrke, X, TikTok, , Musk, hasn’t, Andrew Bates, , Ferda, Ataman, Musk ”, Sandra Wachter, ” Wachter Organizations: London CNN, Elon Musk’s, Twitter, European Commission, Commission, Hamas, Facebook, Social, Digital Services, DSA, CNN, Disney, Paramount, Musk’s, White, European, Discrimination Agency, , Oxford Internet Institute Locations: Israel, Italy, Hungary, Gaza, Pittsburgh, Europe, Germany, Spain, Austria, , Federal
Smugglers are using Telegram groups to sell their services to Ukrainian draft dodgers, per the BBC. AdvertisementSmugglers are using Telegram to sell their services to Ukrainian men trying to flee the army's compulsory military conscription, according to a BBC investigation . The reporter, named Andrey by the outlet, spent a month corresponding with smugglers as a prospective Ukrainian draft dodger. Services being offered included creating fake medical exemptions, adding pretend children to families, and organizing illegal border crossings, Andrey told the outlet. Smugglers told Andrey that the price included a bribe for the official making them, he said — a sign of the persisting corruption among Ukrainian officials.
Persons: , Andrey, Ukraine's Ministry of Defence didn't, Venislavskyi Organizations: dodgers, BBC . Services, Service, BBC, dodger, Services, Ukraine's Ministry of Defence, National Security Locations: Ukrainian, Ukraine, Romania, Moldova, Poland, Hungary, Slovakia
Mr. Rossman recalled encountering a tip screen this year at a self-checkout station at Newark Liberty International Airport. Replacing the old-fashioned tip jar, new digital payment systems have made it easy for businesses to ask customers for tips electronically. So for some, it can feel awkward to tap “other amount” or “no tip” on a payment screen if they feel that the employee or others in line are watching. More generous tipping practices took hold earlier in the coronavirus pandemic, with people inspired to help frontline workers. But as the pandemic eased, higher inflation took hold, and tipping as a percentage of a pricier meal tab became more noticeable.
Persons: Rossman, “ It’s, Michael Lynn Organizations: Newark Liberty International Airport, Cornell University
French fintech startup Defacto has raised a $10 million Series A extension from Citi Ventures. The Paris-based business, founded in 2021, provides short-term loans to small and medium-sized businesses. However, through integrations with businesses like fellow fintechs Pennylane and Qonto, Defacto wants to lower the cost and administration for smaller businesses. The new funding will go towards the continued growth of Defacto's platform as it pushes towards more personalized debt financing for small businesses. Check out Defacto's 20-slide Series A extension pitch deck below:
Persons: Pennylane, Morgan O'Hana, O'Hana, Northzone Organizations: Citi Ventures, Open Banking, Global Founders Capital Locations: Paris, integrations
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