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CommerceDNA wins the TechCrunch Hackathon at VivaTech – TechCrunch

It’s been a long night at VivaTech. The building hosted a very special competition — the very first TechCrunch Hackathon in Paris.

Hundreds of engineers and designers got together to come up with something cool, something neat, something awesome. The only condition was that they only had 24 hours to work on their projects. Some of them were participating in our event for the first time, while others were regulars. Some of them slept on the floor in a corner, while others drank too much Red Bull.

We could all feel the excitement in the air when the 64 teams took the stage to present a one-minute demo to impress fellow coders and our judges. But only one team could take home the grand prize and €5,000. So, without further ado, meet the TechCrunch Hackathon winner.

Winner: CommerceDNA

Runner-Up #1: AID

Runner-Up #2: EV Range Meter


Judges

Nicolas Bacca, CTO, Ledger
Nicolas worked on card systems for 5 years at Oberthur, a leader in embedded digital security, ultimately as R&D Solution Architect. He left Oberthur to launch his company, Ubinity, which was developing smartcard operating systems.

He finally co-founded BT Chip to develop an open standard, secure element based hardware wallet which eventually became the first version of the Ledger wallet.

Charles Gorintin, co-founder & CTO, Alan
Charles Gorintin is a French data science and engineering leader. He is a cofounder and CTO of Alan. Alan’s mission is to make it easy for people to be in great health.

Prior to co-founding Alan, Charles Gorintin was a data science leader at fast-growing social networks, Facebook, Instagram, and Twitter, where he worked on anti-fraud, growth, and social psychology.

Gorintin holds a Master’s degree in Mathematics and Computer Science from Ecole des Ponts ParisTech, a Master’s degree in Machine Learning from ENS Paris-Saclay, and a Masters of Financial Engineering from UC Berkeley – Haas School of Business.

Samantha Jérusalmy, Partner, Elaia Partners
Samantha joined Elaia Partners in 2008. She began her career as a consultant at Eurogroup, a consulting firm specialized in organisation and strategy, within the Bank and Finance division. She then joined Clipperton Finance, a corporate finance firm dedicated to high-tech growth companies, before moving to Elaia Partners in 2008. She became an Investment Manager in 2011 then a Partner in 2014.

Laure Némée, CTO, Leetchi
Laure has spent her career in software development in various startups since 2000 after an engineer’s degree in computer science. She joined Leetchi at the very beginning in 2010 and has been Leetchi Group CTO since. She now works mainly on MANGOPAY, the payment service for sharing economy sites that was created by Leetchi.

Benjamin Netter, CTO, Lendix
Benjamin is the CTO of Lendix, the leading SME lending platform in continental Europe. Learning to code at 8, he has been since then experimenting ways to rethink fashion, travel or finance using technology. In 2009, in parallel with his studies at EPITECH, he created one of the first French applications on Facebook (Questions entre amis), which was used by more than half a million users. In 2011, he won the Foursquare Global Hackathon by reinventing the travel guide with Tripovore. In 2014, he launched Somewhere, an Instagram travel experiment acclaimed by the press. He is today reinventing with Lendix the way European companies get faster and simpler financing.


And finally here were our hackmasters that guided our hackers to success:

Emily Atkinson, Software Engineer / MD, DevelopHer UK
Emily is a Software Engineer at Condé Nast Britain, and co-founder & Managing Director of women in tech network DevelopHer UK. Her technical role involves back-end services, infrastructure ops and tooling, site reliability and back-end product. Entering tech as an MSc Computer Science grad, she spent six years at online print startup MOO – working across the platform, including mobile web and product. As an advocate for diversity and inclusion in STEM & digital in 2016 Atkinson launched DevelopHer, a volunteer-run non-profit community aimed at increasing diversity in tech by empowering members to develop their career and skills through events, workshops, networking and mentoring.

Romain Dillet, Senior Writer, TechCrunch
Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.

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Riminder raises $2.3 million for its AI recruitment service – TechCrunch

French startup Riminder recently raised a $2.3 million funding round from various business angels, such as Xavier Niel, Jean-Baptiste Rudelle, Romain Niccoli, Franck Le Ouay, Dominique Vidal, Thibaud Elzière and Fred Potter. The company has been building a deep learning-powered tool to sort applications and resumes so you don’t have to. Riminder participated in TechCrunch’s Startup Battlefield.

Riminder won’t replace your HR department altogether, but it can help you save a ton of time when you’re a popular company. Let’s say you are looking for a mobile designer and you usually get hundreds or thousands of applications.

You can then integrate Riminder with your various channels to collect resumes from various sources. The startup then uses optical character recognition to turn PDFs, images, Word documents and more into text. Riminder then tries to understand all your job positions and turn raw text into useful data.

Finally, the service will rank the applications based on public data and internal data. The company has scraped the web and LinkedIn to understand usual career paths.

Existing HR solutions can integrate with Riminder using an API. This way, you could potentially use the same HR platform, but with Riminder’s smart filtering features.

With this initial sorting, your HR team can more easily get straight to the point and interview the top candidates on the list.

While it’s hard to evaluate algorithm bias, Riminder thinks that leveraging artificial intelligence for recruitment can help surface unusual candidates. You could come from a different country and have a different profile, but maybe you have the perfect past experience for a particular job. Riminder isn’t going to overlook those applications.

With today’s funding round, the company is opening an office in San Francisco to get some clients in the U.S.

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Dot lets you invest in property without the hassle of a traditional mortgage – TechCrunch

Dot, a new U.K. startup de-cloaking today, aims to make it easy to invest in property without the hassle of taking out a traditional ‘buy to let’ mortgage. The company is founded by Gray Stern, who previously co-founded London-based Buy to Let mortgage lender Landbay, and so knows at least a thing or two about investing in property. Namely, that it doesn’t need to be as arduous as it currently is.

In fact, Dot’s headline draw is that it makes property ownership a one-click affair via the “Dot Button” it wants to embed on property listings sites, including estate agents and property developers. Under the hood of the offering is what the startup describes as a “point-of-sale finance and management solution” that can be wrapped around any property that meets Dot’s lending criteria.

If you want to purchase the property as an investment, you simply click the button, pay the required deposit, and Dot will acquire and manage the property on your behalf, advancing 70 percent of the purchase price in the form of its pre-approved or “instant mortgage”. In addition, the property is furnished and Dot takes out buildings, contents and rent guarantee insurance. After those expenses, you receive monthly rent from the property, minus management fees and interest paid on your Dot mortgage.

Technically, once the property is purchased it is moved into a passive investment structure: an SPV known as a “Dot Container”. This structure holds the asset on your behalf (you effectively become the SPV’s beneficial owner/shareholder).

When you’re ready to sell, in theory a Dot Container can move from owner to owner without conveyancing, and can be refinanced without requiring new mortgage documents (via Dot Platform, Dot’s mortgage marketplace). Alternatively, the property can be put on the open market. Either way, as the SPV’s sole shareholder, you benefit from any increase in the valuation of the property, less the remaining balance of the mortgage.

“Dot enables anyone with a 30 percent deposit to become a professional property investor instantly, with none of the hassle of being a landlord,” explains Stern. “We do this by providing U.K. and U.S. estate agents and property developers with a pre-approved finance and management solution — a Dot Container — that can hold any suitable property. The agent can then offer Dot as a payment option (via the embedded Dot Button), turning their previously static listings into turnkey investments that anyone, anywhere can buy online on a fully financed and managed basis.

“Every Dot Container comes complete with a pre-approved mortgage, insurance, legal/conveyancing, tax compliance and reporting, lettings and management, furnishings and everything else required to turn that property into a compliant, well-managed and good-looking rental home. Dot takes care of the entire end-to-end process… and because we are lending a large portion of the total cost we have a vested interest in managing your property well”.

Stern says that Dot differs from property crowd-investing type platforms, such as Property Partner or Bricklane, which typically let you buy shares in a portion of a property or a property portfolio and aren’t coupled with a financing option.

“Dot’s solution is for sole investors or couples looking to build property portfolios that they control, we do not offer fractional ownership,” he adds. “Our clients own the asset and while they give Dot management rights, they can also remove Dot at any time, sell at any time, refinance their loans at any time. Dot’s challenge is to make our offer sufficiently compelling that they won’t want to”.

Meanwhile, Dot has raised $1.5 million in a pre-seed round from Stage Dot O, an L.A.-based venture-build firm run by Roofstock co-founder Devin Wade and ex hedge fund manager Mike Self.

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Watch every startup from Startup Battlefield Europe – TechCrunch

TechCrunch is hosting its first ever Startup Battlefield in Paris. This morning, 15 startups competed for the coveted Best of Show award.

They all pitched in front of three different panels of esteemed judges. Investors and tech leaders took some time to ask them some tough questions and understand what they’re doing. Later today, finalists will pitch on the big stage in front of a brand new batch of judges.

And now, meet the 15 startups who competed in the Startup Battlefield Europe.

Wisebatt

Wisebatt wants to lower the cost of R&D for hardware engineers by providing them with a patented simulation and collaboration platform.

Wingly

Wingly is a flight sharing platform connecting private pilots with passengers to share the cost of a flight.

Walk With Path’s wearables help Parkinson’s patients walk more confidently and avoid falls.

Wakeo is a SaaS platform that uses machine learning and satellite data to help industrial leaders optimize their supply chain.

Varanida is a web extension that allows users to choose when they want to see ads.

Tapoly offers on-demand insurance for freelancers contractors and SMEs.

StatusToday is an AI-powered employee insights platform that simplifies team management.

Statice’s software secures a company’s private data while providing an avenue for sharing of that data.

Solely Original is a womens footwear brand that enables customers to design their own shoes online.

Mapify is a social travel platform aimed at providing a single outlet for planning transportation, entertainment and housing.

IOV provides a universal protocol for blockchains and wallet users.

Glowee is a sustainable living light source powered by waste products and reusable biomass. Their mission is to disrupt the way we produce and consume light.

Drova is a decentralized gaming rental service that enables clients to rent games/apps around the world without having to buy a gaming console.

BIMlosophy is a platform aimed at providing construction managers with the software needed to pay workers without having to buy a license.

Anorak is a platform that uses machine learning to tailor advice to those seeking life insurance.

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ed | Blockchain and GDPR: Europe’s Moral Torc


Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month.

This op-ed on GDPR and blockchain was written by Robert Chu — CEO of Embleema, the patient-driven healthcare blockchain, and Former SVP at IMS Health (Now IQVIA) — and Alexis Normand, former Head of B2B of Nokia Digital Health

Internet privacy advocates are surely disappointed by Mark Zuckerberg’s mid-April performance in front of the US Senate. After Cambridge Analytica misused 87 Million Facebook users’ accounts for political purposes, the young billionaire demonstrated that Internet platforms do not know how to regulate themselves. Asked by a senator about the nature of his business, Zuckerberg responded simply, “We run ads”.

It seems of little concern to Facebook whether our data defines us as consumers, patients or citizens. Asked about which rules would seem more desirable, Zuck barely conceded that the General Regulation on Data Protection (GDPR) which comes into force in Europe at the end of May, offered “many good things”. However, It’s not clear what there is to “like” for Facebook.

2018, thus far, really has been the year where data privacy and how our data is being utilized by technology companies has come to the forefront of media and the public’s consciousness. As European companies ready themselves for GDPR May 25th kickoff, the world has been made well aware of the Cambridge Analytica/Facebook scandal and the Russian meddling in the US Presidential election, with data-driven advertising being their weapon of choice. But this is not just an issue for 2018 — 15.5 million Electronic Medical Records were breached in the US in 2016 according to the US Department of Health and Human Services.

GDPR imposes costly and significant obligations on platforms to avoid abusive data harvesting: there is “clear and explicit” consent to Terms & Conditions. These will limit the collection of information to only that which is necessary for the service to run. This feels like the sword of Damocles is hanging over the heads of Facebook and Google because nobody uses their services to be profiled, but the old adage “you are not the customer, you are the product” has never rang truer.

facebook
“We run ads”: Facebook CEO Mark Zuckerberg

GDPR also establishes a “right to be forgotten”, to have embarrassing or damaging material taken down and erased from the public domain. Companies will need to provide a record of data processing, which generates significant overhead. The ability to hold on to one’s data history will become a right in Europe, the same way one can keep hold of the same mobile phone number when changing service providers. In health, the portability of patient records will facilitate the coordination of care, including treatment for complex diseases.  

Facebook has since admitted that it would not implement these rules for its US users and has gone to great lengths to reduce its exposure to GDPR. It is also possible regulators are increasingly reluctant to weaken US tech giants as the pressure from China increases. The Red State is now on par with the United States in terms of number of patents in artificial intelligence (AI). Its president Xi Jingping made AI a centerpiece of his Made in China Plan for 2025, aiming to take world leadership. AI has become a security issue whose importance goes beyond our private lives.

Europe has lost the AI battle, but is serious about Blockchain & Privacy.

Like Don Quixote, Europe wants to be the moral flag bearer for consumer rights, holding firm the belief that the GDPR and defense of privacy will in time garner a competitive edge. If the argument was only audible in Mountain View or Shenzen, perhaps the Masters of AI & the Universe would shine a smile. But for how long?

What if Europe, like the “knight with the sad face”, was actually visionary? Blockchain, as a breakthrough technology is already reshuffling cards. “History has more imagination than men”, said Lenin who knew a thing or two about revolutions. The hype should not make us blind to the profound transformation operated by Blockchain, the technology behind Bitcoin.

The First Age of the Internet was that of information. The constitution of databases, search engines, and the combined knowledge of users, together brought down transaction costs and freed many segments of the economy from imperfect information and geographic distance. By monopolizing these technologies, US tech giants captured the benefits of all these efficiency gains.

We are entering a Second Age, that of the “Internet of Currency” or its equivalent, the exchange of certified information.  Blockchain is a peer-to-peer IT infrastructure that records a transaction between two parties in real time for all participants in a network so that it becomes tamper-proof and immutable. It offers the means to certify, without any third party, an exchange of information, which can also be an economic transaction. Vitalik Buterin, the founder of Ethereum, a development  platform for Blockchain apps summarizes: “While most technologies aim to automate workers on the periphery performing repetitive tasks, Blockchain automates the center. Instead of putting the taxi driver out of work, it puts Uber out of work and lets the driver work directly for the client. “

server farm
Europe is far more serious about data privacy than the US, the authors argue.

The disruption goes further, because the very business model of the company which operates the network switches from maximizing profit to maximizing exchanges between nodes in the network. Indeed, blockchain companies act like Central Banks within the economy they generate, paying themselves by issuing tokens, like Disneyland gives you vouchers to use on different rides.

Taking a familiar example in healthcare, Blockchain offers the patient a rare opportunity to share their data seamlessly with a doctor or laboratory, being compensated automatically for each exchange. This is a paradigm change for the data exchange industry, which currently lets large data brokers take the bigger slice of a $15billion cake, leaving the patient with zero compensation. In short, Blockchain would give patients back ownership over their health data.

In all sectors where traceability is critical, blockchain essentially removes the need for a trusted or not so trusted third party, and any “rent” that he might perceive from his privileged position as owner of the marketplace. Blockchain reduces the cost of coordination between stakeholders of a network. This could be the demise of Silicon Valley’s centralization of data and power, and perhaps even of modern capitalism as we know it. Had Karl Marx lived in the time of blockchain, he would finally have found a way to free workers from companies becoming monopolies and capturing all the “added-value”.

A new divide is emerging between AI-powered platforms, which are hostile by design to privacy protection, and blockchain-powered decentralized network: a conflict between monopolies and libertarians, Big Brother and Crypto, the United States and Europe. This is good news for individuals and end users who can no longer simply trust institutions to protect property over data. This is good news for Europe, which can reset the meter by combining GDPR and Blockchain. This is very bad news for Silicon Valley. It invented the sharing economy of your physical assets that AirBnB and Amazon have captured the better share of. Now, old Europa is writing the rules for the sharing economy of your digital assets. Tomorrow, we will all be the CEOs of our data.

Disclaimer: The views expressed in the article are solely that of the author and do not represent those of, nor should they be attributed to CCN.

Images from Shutterstock

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And the winner of Startup Battlefield Europe at VivaTech is… Wingly – TechCrunch

At the very beginning, there were 15 startups. After a morning of incredibly fierce competition, we now have a winner.

Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for a chance to win €25,000 and an all-expense paid trip for two to San Francisco to participate in the Startup Battlefield at TechCrunch’s flagship event, Disrupt SF 2018.

After many deliberations, TechCrunch editors pored over the judges’ notes and narrowed the list down to five finalists: Glowee, IOV, Mapify, Wakeo and Wingly.

These startups made their way to the finale to demo in front of our final panel of judges, which included: Brent Hoberman (Founders Factory), Liron Azrielant (Meron Capital), Keld van Schreven (KR1), Roxanne Varza (Station F), Yann de Vries (Atomico) and Matthew Panzarino (TechCrunch).

And now, meet the Startup Battlefield Europe at VivaTech winner.

Winner: Wingly

Wingly is a flight-sharing platform that connects pilots and passengers. Private pilots can add flights they have planned, then potential passengers can book them.

Runner-Up: IOV

IOV is building a decentralized DNS for blockchains. By implementing the Blockchain Communication Protocol, the IOV Wallet will be the first wallet that can receive and exchange any kind of cryptocurrency from a single address of value.

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Macron defends the European way of tech regulation – TechCrunch

French President Emmanuel Macron gave a speech at VivaTech in Paris, alternating between French and English. He defended a third way to regulate tech companies, which is different from the U.S. and from China.

Macron thinks Europe should have a say when it comes to regulation — and it shouldn’t be just about privacy. Of course, he defended GDPR and online privacy, but he also talked about taxes, cyberbullying, the protection of independent workers and more.

What is at stake is how we build a European model reconciling innovation and common good Emmanuel Macron

Yesterday, Macron hosted 50 tech CEOs to talk about leveraging tech for the common good, especially when it comes to education, labor and diversity. Microsoft CEO Satya Nadella talked about the event before Macron took the stage.

Macron first started with a few numbers on the French tech ecosystem. “I want to talk to the entire French ecosystem here today. What we’re all doing is essential for our country and the world,” he said.

Based on his numbers, startups raised $2.9 billion in France last year (€2.5 billion). That’s three times as much as in 2015. He then listed some of the recent changes, from corporate taxes to France’s open data policy and the French Tech Visa.

He didn’t have much to say about the tech industry in particular. You could feel that he has a lot on his plate right now and that tech is more or less an afterthought.

“France is changing like crazy. And that’s why we can say that France is back,” he said in English to conclude the first part of his speech.

“My second message is for Africa because you decided to invite Africa to VivaTech this year,” he said.

Macron then announced that France is going to invest some public money in the most promising African startups. “For the past six months, the French Development Agency has worked hard on this,” he said. “And the French Development Agency is going to announce in the coming weeks a new specific program of €65 million [$76 million] in order to invest small amounts, €30,000 to €50,000 per startup.”

Michel Euler / AFP / Getty Images

A message to big tech companies

Finally, Macron talked about the Tech for Good Summit and tech regulation in general. “We’re currently experiencing a revolution. I truly believe in that revolution and our country believes in it too,” he said. “But you can’t deny that some people in our country and in the world fear change.”

“Tech companies haven’t always been exemplary. Some haven’t complied with taxation laws and it has fostered mistrust — even from French entrepreneurs.”

Macron then defended France’s project to create a European tax on big tech companies. If the French Government can convince other European Governments, big tech companies would be taxed on local revenue in each European country. It could be a way to avoid tax optimization schemes. Smaller European countries with a lower corporate tax rate don’t seem convinced yet.

“I’m a big tech optimist and this country does believe in innovation,” he said. “But it’s not enough — making money, creating jobs and making shareholders happy is great. Especially creating jobs as far as I’m concerned.”

Macron also criticized U.S. regulation on tech companies, saying that the U.S. Government is not doing enough when it comes to online harassment, taxes, labor and more.

He then criticized the Chinese model, saying that the Chinese Government is not doing enough when it comes to privacy, human rights and gender equality.

“What is at stake is how we build a European model reconciling innovation and common good,” he said. “We have to work together to build this common framework.”

After yesterday’s commitments, the French Government is going to track tech companies every six months to see if they actually implement what they promised when it comes to tech for good.

He also finished by saying that the Tech for Good Summit should become an annual initiative. Tech CEOs will be invited once again to the Élysée next year ahead of VivaTech.

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Announcing the 15 companies competing in Startup Battlefield Europe – TechCrunch

TechCrunch scoured all of Europe to find the most innovative and disruptive early-stage startups to launch at TechCrunch Startup Battlefield Europe 2018 at VivaTech. And today starting at 9:05 am CET on the TechCrunch homepage you can watch the pitches from the latest 15 Startup Battlefield companies

Each company will pitch for six minutes on the Pitch B stage at VivaTech, followed by a rigorous six-minute Q&A with esteemed judges from all over Europe. Five companies will be selected to pitch in the finals this evening at 6:15 pm on the VivaTech Main Stage in front of a fresh crop of judges.

Our teams come from a diverse set of industries and are using a range of technologies, from insurance tech to biotech, and from blockchain technology to the latest in bioluminescent capture. Some are first-time founders and others have already negotiated $60 million financing rounds and developed tokens with over a billion-dollar market cap. These founders are challenging industry norms, and replacing the status quo of today’s businesses with technologies that support circular economy, optimized IoT design, GDPR-compliant data innovation and so much more.

Many of the problems these startups attempt to solve are rooted in personal experiences: One entrepreneur is building an insole to help Parkinson’s patients, like her father, regain their ability to sense the ground beneath them. Another entrepreneur grew up in a port city watching the dysfunction of shipments and became fixated on making them more seamless. And there’s an entrepreneur participating who built a flight marketplace, realizing first-hand that hobby pilots’ empty seats were a market opportunity waiting to be unlocked.

Here are the 15 Startup Battlefield Europe companies and the order in which they will pitch:

Session 1 at 9:05 am CET: Statice, Anorak, Tapoly, Wakeo, BIMlosophy

Session 2 at 10:30 am CET: Glowee, Mapify, DROVA, Walk With Path, StatusToday

Session 3 at 12:00 pm CET: Wingly, Varanida, Solely Original Shoes, Wisebatt, IOV

Over the last two months, these 15 startups refined their business models, demos and messaging with TechCrunch’s Startup Battlefield team and editors. Today, it will culminate onstage as they share their business with the world and answer the judges’ questions about the viability of their businesses.

Battlefield alumni have raised more than $8.2 million with over 105 successful exits, so investors, get your checkbooks ready. One of these 15 startups will receive the TechCrunch Startup Battlefield Top European startup award along with €25,000 in equity-free money.

TechCrunch Editor-in-Chief Matthew Panzarino and I will kick off Startup Battlefield Europe at 9:05 am CET. You can find more information about Startup Battlefield Europe here.

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Klevio launches its smart intercom and app that lets you open doors remotely – TechCrunch

Klevio, a smart home startup out of the U.K., is officially launching its first product: a smart intercom system that lets you control your front door lock via an iOS and Android app on your phone and remotely.

Dubbed “Klevio One,” the device is designed to be retrofitted to existing electric strike-enabled locks, and also interfaces with intercom systems found on the communal doors of apartment blocks. This, say its makers, means that it is better suited to flats than smart locks already on the market.

In a call with Klevio co-founder and CEO Aleš Špetič, he explained that the approach the London-based company has taken is different to smart locks that typically use a motor to turn the lock and require tearing out and replacing your existing lock. In contrast, if you already have an electric strike as part of your lock — which a lot of apartments do — the Klevio One can simply be wired to interface with it. If you don’t, a Klevio installer can fit one to your existing lock for you.

This major upside of this approach is that Klevio isn’t re-inventing the whole wheel, but taking years old, tried and tested electric strike technology, and simply adding smart connectivity to it.

It means the Klevio One works with multiple doors and there’s no need to modify the communal area of apartment buildings when installing it, since the device is located within an individual apartment. You can also still use your old physical keys as a backup, and the company says the use of Klevio won’t be obvious to anyone outside the building.

And as you’d expect, the Klevio system is cloud-connected so that you can control your lock remotely, and issue virtual and one-time use keys. It comes in a WiFi only version, and a subscription version with added 4G.

The startup’s back story is noteworthy, too. The Klevio’s original concept and eureka moment came at Onefinestay, the ‘upscale Airbnb’ acquired by Accor in 2016. After the exit, Onefinestay co-founder Demetrios Zoppos teamed up with CubeSensors’ Aleš Špetič and Marko Mrdjenovič to start the new company, including purchasing the needed patents from Onefinestay.

In addition, Onefinestay co-founder Greg Marsh is an investor in Klevio, alongside LocalGlobe’s partner Robin Klein (who I’m told has invested in a personal capacity). To date Klevio has raised £1.2 million in funding.

Meanwhile, Špetič tells me that prior to today’s wider launch — where it can be ordered via the Klevio website — the Klevio One has been piloted with 1,000 users across London.

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Revolut adds Ripple and Bitcoin Cash support – TechCrunch

Fintech startup Revolut is adding Bitcoin Cash and Ripple to its cryptocurrency feature. While cryptocurrency isn’t really Revolut’s focus point, it’s a good way to get started with cryptocurrencies.

If you have a Revolut account, you can now buy and hold Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Behind the scene, the startup has partnered with Bitstamp to process the transactions. Revolut currently charges a 1.5 percent fee for cryptocurrency transactions. There are currently 100,000 cryptocurrency transactions per day.

Compared to a traditional cryptocurrency exchange, you can’t send or receive cryptocurrencies from your Revolut account. You don’t get a bitcoin address for instance. All you can do is buy tokens in the app. If you want to transfer those tokens somewhere else, you’ll have to sell them for USD, GBP, etc. and then buy cryptocurrencies on a traditional exchange using your fiat money.

Recently, the startup also announced a new feature called Vaults. Revolut users can set up a vault to save money over time.

You can round up your spare change every time you make a transaction. For instance, if you pay $3.47 for that delicious ice cream, you’ll save 53 cents in your vault. You can also multiple that amount so that you save multiple times your spare change with each transaction. Many fintech startups also provide this feature.

You can also set up recurring payments to set aside a bit of money each day, each week or each month. Interestingly, you get to choose the currency of your vault. So it means that you can decide to buy ethers with spare change and weekly payments for instance. It’s a great way to hedge against the volatility of cryptocurrencies.

Users don’t earn interests on vaults. It’s just a way to set some money aside that doesn’t appear in your main Revolut account. You can decide to close your vault whenever you want.

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