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We hope you’re meeting the week with open arms, crunchers, and that the week loves you right back. Unrequited love from abstract conceptual measurements of time are so heartbreaking.
The TechCrunch Top 3
You get a loan and you get a loan!: Ingrid writes that U.K.-based open banking loans platform Abound secured $601 million in new funding to “supercharge” its consumer lending business that makes loans between £1,000 and £10,000 with some generous repayment options of up to five years.
Startups and VC
Also today, we are releasing the final episode of our Inside Startup Battlefield podcast miniseries, which is all about TechCrunch’s pitch competition. It’s the moment we’ve all been waiting for — the winner is announced!
And we have five more for you:
Moar layoffs: Tage reports that Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs.
A summary of automotive: Kirsten’s newsletter is always worth reading, but this week was particularly jam-packed with juicy info. “Another AV company hits the skids, Scout Motors picks a home and Tesla’s tepid investor day” gives you a taster — go read the full thing.
Ruh-roh: Tage reports that alleged security breach leaves millions of dollars missing from Flutterwave accounts.
Gotta stay focused: At TC+, Haje is eager to remind you that if you have more than one business model, you don’t really have a business model.
Creating remote work rituals that stick
Image Credits: peepo (opens in a new window) / Getty Images (Image has been modified)
Remote teams have a lot of flexibility when it comes to when and how they work, but adding some structure can enhance productivity and transparency without sacrificing freedom.
"Ultimately, asynchronous work only serves you when you compartmentalize phases of work with your team," says Stefanie Palomino, chief product officer and general manager at ROOM 3D.
This post offers several tips that can help managers deploy active listening techniques that foster engagement, improve communication, and ideally, reduce the number of meetings that take place.
Says Palomino: "The routines people create are negotiated over time, but it’s something we’ve come to take for granted."
Three more from the TC+ team:
The highs and the lows: Enterprise SaaS companies continue to navigate a complex economic environment, report Ron and Alex.
Big Tech Inc.
Natasha L has the latest on what’s up with WhatsApp. The Meta-owned messaging platform agrees to clean up its user messaging in the European Union so that its terms of service on users is more transparent.
European and U.S. police organizations arrest suspected members of the DoppelPaymer ransomware gang. Carly writes that this particular gang targeted at least 601 companies worldwide, with one of its most serious attacks targeting the University Hospital in Düsseldorf that resulted in the death of a patient.
More for your Monday:
Slashing prices again: If you have your eye on a Tesla, do we have a deal for you — Tesla lowered prices for Model S and Model X in the U.S., Rebecca writes.