Tonik raises $21 million to launch digital bank in the Philippines – TechCrunch

[ad_1] A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t have accounts with traditional…

Automattic pumps $4.6M into New Vector to help grow Matrix, an open, decentralized comms ecosystem – TechCrunch

[ad_1] Automattic, the open source force behind WordPress .com, WooCommerce, Longreads, Simplenote and Tumblr, has made a $4.6M strategic investment into New Vector — the creators of an open, decentralized communications standard called Matrix. They also develop a Slack rival (Riot) which runs on Matrix. The investment by Automattic, which is at a higher valuation than…