Startups Weekly: Enjoying the reprieve

Startups Weekly: Enjoying the reprieve

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Startups aren’t isolated from the world. But this week, funding news felt positively uncorrelated from the overall news cycle, offering somewhat of a reprieve — or perhaps…

Read More
Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice. Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising…

Read More