During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US – Red Herring

During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US  Red Herring
“startups when:1d” – Google News

German challenger bank N26 launches new subscription plan for €4.90 per month; product offerings to evolve in coming months

Berlin-based challenger bank N26 has launched a premium subscription service called N26 Smart. The new monthly subscription combines a slew of premium features of the service and other benefits, including new functionalities that will help users organise their finances.

N26 Smart features detailed

N26 Smart, the new monthly premium subscription service, will be bundled on top of N26’s digital current account. It will include the following features at the cost of €4.90 per month. Firstly, there will be dedicated phone support along with in-app chat support, up to 5 free ATM withdrawals per month and global payments in any currently sans any fee, and curated benefits and offers from partners.

Users can access to up to 10 ‘Spaces’ – N26’s sub-accounts along with Shared Spaces – that will let users save, spend and manage money with a maximum of 10 people. There will be access to the new Round-Ups feature, which will round each purchase to the nearest Euro automatically and set the spare change to help users increase their savings with minimal effort. Finally, users can choose from five different colours for the N26 Smart Mastercard – Sand, Slate, Ocean, Aqua, and Rhubarb, to make a statement.

The subscribers of N26 Smart can access all intuitive features of the paperless and branchless banking experience offered by N26. These include 100% digital account opening, automatic categorisation of spending via the statistics feature, instant notifications, free global payments with Google Pay and Apple Pay, in-app access to N26 Mastercard’s digital version, and fund protection of up to €1M under the German Deposit Protection Scheme.

Notably, the benefits of N26 Smart premium monthly subscription will be available to both self-employed individuals and freelancers in the N26 Business Smart subscription. It will add 0.1% cashback on all card spends as well.

“Everybody should be empowered to manage their money in a way that makes sense for their priorities and way of life. With more and more customers turning to digital banking in these uncertain times, N26 Smart will put our most popular tools at our customers’ fingertips at a budget-conscious price point, helping anyone effortlessly manage their money digitally with confidence and ease,” says Valentin Stalf, co-founder and CEO of N26.

Other N26 updates coming soon

Notably, it is claimed that the launch of N26 Smart is one of the planned updates that will soon be brought to the company’s product portfolio. All the new updates are likely to be rolled out to the digital bank’s free and premium products over the coming months. There will be changes to N26 Standard, which will provide a 100% virtual payment experience to N26 digital card users, N26 You will become N26 International with borderless banking features, and N26 Metal will become N26 Unlimited offering the best digital banking experience, claims the company.

The startup announced securing over €92.29M in Series D funding extension, earlier in May this year. Series D round of funding for N26 commenced back in January 2019. The startup has now announced an extension of it to an overall value of €526M, while maintaining its valuation at €3.23B.

Main image picture credits: N26

Startups – Silicon Canals

N26 launches mid-tier subscription plan for €4.90 per month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package.

In Europe, in addition to the free plan, N26 already provides two subscription tiers called N26 You and N26 Metal. N26 You costs €9.90 per month and comes with higher limits, such as five free ATM withdrawals instead of three and free withdrawals in foreign currencies.

With an N26 You account, you can create sub-accounts (N26 Spaces), share them with other N26 users or use them to save money. As an N26 You subscriber, you also get a travel insurance package with medical travel insurance, trip and flight insurance and more. You can also access some partner offers.

N26 Metal is the most expensive plan and costs €16.90 per month. In addition to everything in N26 You, you get car rental insurance when you’re abroad and phone insurance. As the name suggests, you also get a metal card.

The new N26 Smart subscription costs €4.90 and works well for people who don’t need travel insurance. With an N26 Smart subscription, you can create up to ten sub-accounts. You get five free ATM withdrawals per month. You can also call N26 support directly in addition to in-app support chat.

N26 is launching a new round-up feature for N26 Smart users. It lets you round each purchase up to the nearest Europe and save it in a separate sub-account. N26 Smart account also access colorful debit cards — the same colors as N26 You.

This is just a first step as N26 plans to revamp its subscription products altogether. In the near future, N26 You will become N26 International. There will be more features focused on borderless banking. N26 Metal will become N26 Unlimited.

As for the free N26 Standard account, the company wants to focus on digital cards. Some users are going to switch to the N26 Smart plan to keep some of the features that they’ve been using with a free account. That move should help the company’s bottom line.

Image Credits: N26

Startups – TechCrunch

A solar-powered appliance startup built a $69500 tiny home that can stay off grid for a month in a pivot to the tiny living trend — see inside ‘Dream’ – msnNOW

A solar-powered appliance startup built a $ 69500 tiny home that can stay off grid for a month in a pivot to the tiny living trend — see inside ‘Dream’  msnNOW
“startups when:1d” – Google News

Strava raises $110 million, touts growth rate of 2 million new users per month in 2020

Activity and fitness tracking platform Strava has raised $ 110 million in new funding, in a Series F round led by TCV and Sequoia, and including participation by Dragoneer group, Madrone Capital Partners, Jackson Square Ventures and Go4it Capital. The funding will be used to propel the development of new features, and expand the company’s reach to cover even more users.

Already in 2020, Strava has seen significant growth. The company claims that it has added more than 2 million new “athletes” (how Strava refers to its users) per month in 2020. The company positions its activity tracking as focused on the community and networking aspects of the app and service, with features like virtual competitions and community goal-setting as representative of that approach.

Strava has 70 million members, according to the company, with presence in 195 countries globally. The company debuted a new Strava Metro service earlier this year, leveraging the data it collects from its users in an aggregated and anonymized way to provide city planners and transportation managers with valuable data about how people get around their cities and communities — all free for these governments and public agencies to use, once they’re approved for access by Strava.

The company’s uptick in new user adds in 2020 is likely due at least in part to COVID-19, which saw a general increase in the number of people pursuing outdoor activities, including cycling and running, particularly at the beginning of the pandemic when more aggressive lockdown measures were being put in place. As we see a likely return of many of those more aggressive measures due to surges in positive cases globally, gym closures could provoke even more interest in outdoor activity — though winter’s effect on that appetite among users in colder climates will be interesting to watch.

Strava’s app is available free on iOS and Android, with in-app purchases available for premium subscription features.

Startups – TechCrunch

During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US – Red Herring

During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US  Red Herring
“startups when:1d” – Google News

NC headliners: Previewing 43 events & webinars happening statewide this month – WRAL Tech Wire

NC headliners: Previewing 43 events & webinars happening statewide this month  WRAL Tech Wire
“startups when:1d” – Google News