Unit and Loop lay off staff and Brex ditches co-CEO model

Quick Summary:

This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple killing its Pay Later feature, and more!

Apple announced at last week’s WWDC 2024 that users would be able to access loans through third-party app Affirm through Apple Pay.

Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesFranceIndia

Topics: Layoffs Fintech TechCrunch Fintech Apple Brex

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-18 @ 17:05:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1194 words

Reading Time: 7 minutes read

Sentences: 58 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21305494

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