Venmo Launches Its First Credit Card with Personalized Rewards
PayPal’s popular mobile payment platform Venmo has officially rolled out its first-ever Venmo Credit Card, delivering on its 2019 promise to expand beyond debit offerings. The new Visa card features:
- 3% cash back on eligible purchases
- Personalized rewards based on spending habits
- Five color options with user’s Venmo QR code displayed
- Seamless app integration for payment tracking and management
Currently available to select users, the card will expand nationwide in coming months. Read the full announcement here.
Major Tech Industry Updates
Amazon Fraud Case
- Former Amazon employee Vu Anh Nguyen arrested by FBI
- Allegedly issued fraudulent refunds for personal gain
- Company reported suspicious activity in July 2020
Product Review: Nest Audio
TechCrunch’s Brian Heater calls Google’s new smart speaker “a welcome update to the Google Home,” praising its improved sound quality and design.
Instagram Commerce Expansion
- Shopping features now available on IGTV
- Planned test of Reels shopping functionality
- Enables direct purchases from video content
Startup & Funding Roundup
Transportation
- Ola loses London ride-hailing license renewal
- Cites failure to meet safety requirements
- Indian startup plans appeal while continuing operations
Retail Tech
- Cooler Screens secures $80M Series C
- Develops interactive displays for retail cooler aisles
- Led by Argo Tea founder Arsen Avakian
Food Delivery
- GrubMarket raises \(60M at \)500M valuation
- Platform connects consumers with fresh produce
- Also supplies grocery stores and meal-kit companies
Venture Capital Insights
European Market Trends
- Accel VCs report “incredibly active” deal pace
- Sonali De Rycker predicts decentralized startup hubs
Kindred Capital’s Approach
- London firm closes £81M second seed fund
- Focuses on equitable venture model for early-stage startups
Beyond Tech: Space & Entertainment
Space Exploration Breakthrough
- Special VR camera arrives at International Space Station
- Will film first-ever immersive VR spacewalk
Streaming Spotlight
- Netflix’s “Away” balances space drama with human emotion
- Original Content podcast praises show’s execution
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