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Airbnb Challenger WhyHotel Scores $20M For Luxury Room Rentals

PYMNTS

The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.

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Apple Acquires Self-Driving Startup Drive.ai

PYMNTS

raised in venture capital. It had also teamed up with the city of Arlington in Texas for a self-driving shuttle service. The purchase price isn’t known, but Axios is reporting that Apple probably paid less than the $77 million Drive.ai The company recently had a $200 million valuation.

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FDIC and Duke University announce fintech research conference

CFPB Monitor

This Wednesday April 24th, the Federal Deposit Insurance Corporation and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host a conference titled “ Fintech and the Future of Banking ” in Arlington, Virginia.

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Payroll Faces Cyber Threats From All Sides

PYMNTS

In Arlington County, Virginia, government payroll systems were targeted in a phishing attack in July despite the county allocating $60,000 to educate government employees on how to spot and avoid a phishing scam email. That incident cut off Apex HCM customers’ ability to access and manage payroll for several days.

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Group looks to form bank to serve minority-owned businesses

American Banker

Ingenious Financial in Arlington, Va., is raising $200 million in hopes of buying an existing bank. Bank of Ingenious would focus on professionals such as doctors, dentists and veterinarians.

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Bringing In Future Residents With Pop-Up Hotels

PYMNTS

That was the case with WhyHotel’s building in the Pentagon City neighborhood of Arlington, VA, just outside of Washington, D.C. Smith (predecessor to JBG SMITH Properties), Working Lab Capital, Mitchell Schear and others. These tenants can use the onsite hotel for their guests at a discounted rate.

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why startups die

CB Insights

Meanwhile Beijing robotics company Horizon Robotics hit an eye-popping valuation of up to $4B, after raising a $100M tranche of Series A funding from investors including Hillhouse Capital Management, Intel Capital, and Morningside Group. 35.5%: This year, more than a third of Black Friday purchases happened through smartphones.