[TL;DR] Tech news that you shouldn’t miss this 22/10
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
JPMorgan will open a campus in Silicon Valley to follow in the footsteps of FinTech. The banking group’s campus will be erected in Palo Alto, with work scheduled for early 2019 and inauguration in 2020.
Why this is important: At a time of increasing computer attacks and sophisticated banking fraud, JPMorgan wants to use this new campus to create financial services and products that meet the new needs of consumers. Jamie Dimon’s establishment invests a lot in artificial intelligence as well as in FinTech, start-ups specializing in finance, considered to be more suited to the needs of Millennials (17-35 years old), whose mistrust vis-à-vis conventional banks is important.
1 million euros for the Parisian start-up Braineet, specializing in collaborative innovation. This is the second round for the company supported by business angels like Xavier Niel or Marc Simoncini.
Why this is important: Braineet continues to diversify and announces the launch of a new solution called Brainsto. This platform aims to promote teamwork and collective intelligence in companies. “Brainsto makes it possible to think of several people in an extremely fast, simple and effective way, on all the subjects, like a Doodle for the poll», Explains the company. Currently in free beta, it will be offered in the coming weeks as a freemium version. With this round table, the start-up wishes to accelerate its development in France as well as internationally.
SoftBank invests $ 100 million in Brazilian delivery app Loggi. Co-founded by French entrepreneur Fabien Mendez, Loggi raised a total of $ 111 million during this funding round.
Why this is important: This is not the first round for the São Paulo-based company. Also supported by Dragoneer Investment Group or Qualcomm Ventures, it has raised $ 145 million since its creation according to data from Crunchbase. Based in São Paulo, Loggi tries to reinvent the logistics sector in a country where the transport of goods is traditionally long and difficult. The application developed by the startup allows “motoboys” to deliver dishes or all other kinds of goods. The app, which calculates fees and the best route, also delivers products from e-commerce platforms via vans. In an interview with Bloomberg, Fabien Mendez says it currently records 3 million deliveries with a growth of 25% per month and reached profitability at the end of 2017. Last year, it had 300 employees.
Scaled Risk raises 3 million euros to help financial institutions cope with regulatory requirements. Banks have been fined more than $ 120 billion since the 2008 financial crisis.
Why this is important: The Parisian start-up Scaled Risk, which is developing a reporting and data analysis solution for finance players, has completed a round of funding of 3 million euros. As part of this transaction, the company was supported by Odyssée Venture. Scaled Risk has designed a reporting and data analysis platform hosted on the Microsoft Azure cloud. It aims not only to optimize regulatory risk management and reporting to the regulator, but also to turn regulatory constraints into an opportunity. This funding round should allow Scaled Risk to accelerate its development. “After four years of R&D and the signing of major reference groups (banks, management companies, regulatory authorities), this fundraising allows Scaled Risk to enrich its offer and industrialize its model to meet exponential demand. of smaller players», Indicates Thierry Duchamp, founder and CEO.