Teen banking app Step reaches for the stars to raise $50 million

LONDON (Reuters) – Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D’Amelio and former quarterback Eli Manning.

Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith’s Dreamers VC, CrossLink Capital and Collaborative Fund.

San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens’ accounts and manage and freeze cards. It does not charge fees but makes money from card interchange.

Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday.

The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow the team and

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Tiger Global-Backed Hospital Software Maker Olive AI Reaches $1.5 Billion Value

(Bloomberg) — An Ohio startup that helps hospitals automate routine tasks is now valued at $1.5 billion after a funding round led by Tiger Global Management.



a man standing in front of a computer: A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France's coronavirus lockdown, Le Figaro reported, citing sources it didn't identify.


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A healthcare worker uses a desktop computer in the resuscitation department of the intensive care unit (ICU) at the Saint Joseph hospital in Marseille, France, on Friday, Nov. 20, 2020. President Emmanuel Macron will present a strategy next week for the gradual ending of France’s coronavirus lockdown, Le Figaro reported, citing sources it didn’t identify.

Olive AI Inc. received an investment of $228.5 million in the round, which included new investors Alphabet Inc.’s GV, Sequoia Capital, Dragoneer Investment Group and Transformation Partners. Existing investors General Catalyst and Drive Capital also joined the round.

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Columbus-based Olive has now raised $385 million in financing in the past nine months and $448 million since its inception in 2012.

The company’s software is used

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Enlightened Reaches Registered Consulting Partner Status in the Amazon Web Services (AWS) Partner Network (APN)

WASHINGTON, DC., Nov. 19, 2020 /PRNewswire/ — Enlightened, Inc. is excited to announce it has reached Registered Consulting Partner status in the Amazon Web Services (AWS) Partner Network (APN).  

As an APN Registered Consulting Partner who specializes in public and private sector programs, Enlightened is strategically positioned to deliver mission critical AWS solutions to government, education and commercial customers around the world. 

“Amazon Web Services (AWS) is significant in support of Enlightened’s mission to deliver scalable solutions to the federal, state and local governments, as well as the commercial sector, in both healthcare and life sciences projects.” said Antwanye Ford, CEO of Enlightened.

Enlightened is an award-winning company that provides Cyber Security, IT and management solutions to resolve complex business problems for federal, state, and local government agencies. Enlightened holds GSA IT-70 and MOBIS schedule contracts and is certified as a HUBZone and Small Business by the U.S. Small

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