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Klaxoon launches Board, an interactive meeting product for video calls - techcrunch

Klaxoon launches Board, an interactive meeting product for video calls

A few weeks after teasing its new product, French startup Klaxoon is launching Board, a visual interface that lets you work together during a video call. Instead of staring at other people’s faces, you get a shared canvas that you can use for presentations and to suggest ideas. Klaxoon is well aware that many companies […]
techcrunch - 1 hour ago
Amazon’s Prime Day mega sale event will take place October 13-14 - techcrunch

Amazon’s Prime Day mega sale event will take place October 13-14

Holiday shopping season is getting a big head start this year. Amazon today announced that it will hold Prime Day — its annual mega global sale event on a big range of items, including toys, TVs, electronics, fashion, beauty, kitchen, home, and Amazon Devices — on Tuesday, October 13 (midnight PT) and carrying on through […]
techcrunch - 2 hours ago
Uber wins latest London licence appeal - techcrunch

Uber wins latest London licence appeal

Uber has won its appeal against having its licence to operate withdrawn in London. In today’s judgement the court decided it was satisfied with process improvements made by the ride-hailing company, including around its communication with the city’s transport regulator. However it’s still not clear how long Uber will be granted a licence for — […]
techcrunch - 2 hours ago
Noyo raises $12.5M Series A to keep building its health insurance API business - techcrunch

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This morning, Noyo, a startup that provides APIs that link players in the health insurance space, announced that it has closed a $12.5 million Series A round of funding.  The new capital comes less than a year after the startup disclosed that it had raised around $4 million in pre-seed and seed capital, and that […]
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Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe - techcrunch

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techcrunch - 11 hours ago
Trump administration’s TikTok ban has been delayed, court rules - techcrunch

Trump administration’s TikTok ban has been delayed, court rules

A U.S. federal court has said a ban on TikTok will not go into effect on Monday as scheduled. The move to delay the anticipated ban will allow Americans to continue using the app while the court considers the ban’s legality and whether the app poses a risk to national security as the Trump administration claims. […]
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This is how police request customer data from Amazon - techcrunch

This is how police request customer data from Amazon

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techcrunch - 23 hours ago
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NASA commissions report to show its economic impact: $64B and 312K jobs - techcrunch

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Alexis Ohanian files for a new $150M fund, with a nod to his Olympian family - techcrunch

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BioBidet Prodigy Smart Toilet:  Adding Tech to the Bathroom - readwrite

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Thanks to Bio Bidet’s line of products, smart technology has arrived in the bathroom. This includes their latest offering, the Prodigy Smart Toilet. About BioBidet BioBidet is an industry leader in bathroom technology with a focus on sustainability through a reduction in water and paper use. The Prodigy 770 Smart Toilet The Prodigy 770 is […] The post BioBidet Prodigy Smart Toilet: Adding Tech to the Bathroom appeared first on ReadWrite.
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Last month, Facebook introduced support for paid online events — and since many of the businesses offering those events have struggled during the coronavirus pandemic, the company also said it would not collect fees for the next year. At the same time, it complained that Apple had “dismissed” its requests to waive the App Store’s […]
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Twitter warns developers that their private keys and account tokens may have been exposed - techcrunch

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techcrunch
Till raises $8 million to try to prevent evictions

Till raises $8 million to try to prevent evictions

techcrunch - 1 month ago

Till, a platform that serves as an intermediary between landlords and renters, has raised an $8 million seed round led by Route 66 Ventures with participation from MetaProp Ventures and NextGen Venture Partners.

Till was founded on the premise that people are not always able to pay their rent on the 1st of the month, but might be better suited to paying their rent in smaller payments throughout the month. Through its flexible rent platform, Till creates a customized payment schedule for renters that aligns with their monthly cash flow. Till estimates it can help cut evictions by as much as 50%.

“We work to understand that timing and we can look at their expense loads to help them balance if they should be paying more now or more later in the month,” Till CEO David Sullivan told TechCrunch.

With the funding, Till plans to work on getting more landlords on board across additional states and further develop the flexible rent product. In order for renters to use the platform, their landlords must already be working with Till. To date, Till is live at 170 properties that consist of 30,000 units in total across 14 states.

“Since we first learned about Till, we have been extremely impressed by its ability to bridge the gap between the increasingly volatile income and expense patterns of renters and the more rigid financial realities of landlords,” Metaprop General Partner Zak Shwarzman said in a statement. “As the uncertainty wrought by the COVID-19 pandemic and related economic fallout continues with no clear end in sight, its more important than ever that landlords find new, mutually beneficial, ways to work with renters to reduce late fees, minimize evictions and foster renters long-term financial health.”

Late fees vary by state and by landlord. Sometimes they come in the form of a flat fee or a percentage of your rent. Either way, they’re punitive.

“It’s a very punitive fee against a renter having a cash flow issue,” Sullivan said. “Even if a renter has the ability to stay in the unit, renters then get overburdened with fees, which makes their ability to pay even more challenging.”

While this product may have more relevance these days, during a time when people are facing severe economic insecurity as a result of COVID-19, Sullivan said this problem is not specific to the pandemic. Though, COVID-19 has exacerbated the issue.

“Pre-Covid, you have about $50 billion of delinquent rent a year and renters being charged about $5 billion in late fees,” Sullivan said. “That creates a burden on renters. It leads to three million families being evicted in normal year. And evictions disproportionately impact minority communities.”

The business model, however, relies on financial insecurity, as Till’s target customer is someone who already struggles to make their monthly rental payments. For its flexible rent product, Till charges renters $3 per month if they make all of their payments on time, and $9 per month if they don’t. Till also offers a rental loan product for renters with varying rates.

“We want to create win-win outcomes,” Sullivan said. “We fundamentally believe that when you get renters to succeed, landlords succeed to.”

sauce: techcrunch
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