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CrediFi, a venture-backed startup that jostled for supremacy in the commercial real estate data and analytics space, is shutting down, The Real Deal has learned. Employees at the startup, which has raised $29 million to date, were informed of the company’s decision to close on Tuesday, according to sources. A meeting was held at the company’s Tel Aviv headquarters, and employees in t...
The real estate industry — much like the rest of the world — is still trying to figure out exactly how its connection to cryptocurrency should work. Since virtual money first broke through a decade ago, with the launch of Bitcoin, buyers and sellers of property are increasingly using crypto as a form of payment. And the range of di...
Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services -- from Stripe Inc. to Chime Inc. to Plaid Inc. -- have garnered valuations of more than $1 billion in recent years, according to CB Insights. Pe...
Back in February, Verizon said its 2019 plan was to offer mobile 5G in over 30 cities — a non-trivial task for a carrier focused on the short-distance, millimeter wave flavor of 5G service. Today, the carrier announced it has met its goal with a week to spare, though the accomplishment comes with the caveat that its 5G service is only available in small parts of each city.
As of today, Verizo...
After raising $34.25 million in Series B financing, Chase Garbarino, CEO of tenant experience platform HqO, is geared up for growth. HqO will use this capital to expand its technology, double its engineering team and grow sales and business operations to accelerate national and international expansion. In recent months, the company has opened offices in New York City, London and Paris to fuel its...
The Japanese technology conglomerate is now likely to enter the new year without the WeWork financing in place, the people said, adding the banks are also concerned about the risks involved in rescuing the U.S. office-sharing startup. Mizuho Financial Group Inc, Mitsubishi UFJ Financial Group Inc (MUFG) and Sumitomo Mitsui Financial Group Inc (SMFG) are seeking ways to provide the financing while...
The AI talent grab is real. This year alone, Pinterest CTO Vanja Josifovski jumped ship to Airbnb, while Pinterest hired Walmart CTO Jeremy King to head up its engineering team. Moreover, all the big tech companies, including Google and Apple, have for some time been vacuuming up AI talent through acquisitions — a recent CB Insights report noted 635 AI acquisitions since 2010, topped by Apple wi...
Technology in commercial real estate is finally exploding. Real estate tech investment had its best year in 2019, and 2020 is expected to be even better. Institutional investors are driving this change by piloting tech programs and software in select properties and markets to demonstrate the benefits.
Once the gatekeepers to sales listings, real estate agents are increasingly in front of another key aspect of the home-buying process: the financing. To help clients increase their purchasing power, a number of residential brokerages have launched bridge loan programs that let clients borrow money to pay for a new home before they sell their old one. In addition to boosting sales, the programs are...