Avi Ben

Gen Digital, which provides security, storage, and systems management through brands such as LifeLock and Norton, has entered into a definitive agreement to acquire financial services marketplace MoneyLion.

Nationwide is expanding the program to members in 44 states.

After a $10 billion investment, GM has decided to abandon its Cruise robotaxi development service given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. Just over a year ago, GM said it will reduce spending at Cruise.

Hostaway, a provider of an all-in-one vacation rental software and management system, has secured a $365 million strategic growth investment led by General Atlantic, with participation from existing investor PSG Equity.

According to a report by Bloomberg, digital banking startup Chime has submitted a confidential filing for its initial public offering with the goal of going public in 2025.

The company generated £241 million in written premiums.

According to German media outlets, ELEMENT, the German insurance startup offering white-label insurance products, is insolvent following the actions of financial regulator BaFin, which has prohibited the startup from writing any new business.

eBay has signed a definitive agreement to acquire car checkout platform Caramel.

London-based insurance startup Urban Jungle is going beyond renters and homeowners insurance with the introduction of a new travel insurance coverage in partnership with P J Hayman & Company, a distributor of travel insurance products.

Rainbow initially focused on offering coverage for restaurants.