In an effort to iron out the differences they have with the crowdfunding community, payments platform PayPal has implemented changes on their crowdfunding policies, VentureBeat reported.

Santa Monica, US-based events planning mobile app Klutch scored $1.5 million in a funding round led by LaunchpadLA to help people plan get-togethers and socialize offline.

Venture capital investors are competing with each other to support promising startups, particularly those outside the US, as young companies now have more access to capital, VentureBeat reported.

Chennai, India-based local language speech-based software solutions provider Uniphore Software Systems grabbed an undisclosed amount of funding from angel investors Indian Angel Network, Ray Stata, and YourNest Angel Fund for its international expansion.

San Francisco, US-based digital music service Rdio picked up troubled Chennai, India-based music streaming startup Dhingana for an undisclosed sum as part of its strategy for international expansion.

San Francisco, US-based educational analytics startup BrightBytes pocketed $15 million in a Series B funding round led by Bessemer Venture Partners to help schools identify learning gaps in their systems.

Jonathan Teo and Justin Caldbeck will be forming Binary, a new fund that seeks to support startups in the consumer technology space so that they can concentrate on their products, TechCrunch reported.

Barry McCarthy will be stepping down from mobile payments startup Clinkle, known for raising the biggest seed round ever, as its Chief Operating Officer, VentureBeat reported.

Beijing, China-based outbound visa service ByeCity received $20 million in its Series B funding from Alibaba Group Holding Ltd and Chinese private equity firm CBC Capital.

Dundee, UK-based software startup Allthings landed £400,000 in funding from the Scottish Investment Bank and other local investors to support its growth strategy and the improvement of its task-listing and collaboration tool.