Finance

  • VCs say Silicon Valley isn’t the gold mine it used to be In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising ...
  • Eventbrite goes public, and everyone else is raising hella money Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we worked with an (excellent) skeleton crew. Our own Connie Loizos held down the fort with a guest that knew quite a lot: March Capital’s Jamie Montgomery. There was a healthy blizzard of news to get through, ...
  • Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant ...
  • Base10’s debut fund is the largest-ever for a Black-led VC firm Adeyemi Ajao, the co-founder and managing director of Base10 Partners, was surprised to hear his firm’s $137 million fund was the largest debut to date for a black-led venture capital firm. He and his co-founder — managing director TJ Nahigian — found out from none other than their fund’s own limited partners, who told them they should ...
  • This is how much VCs are paid Venture capital is known for being an opaque industry, so it’s no surprise most of us have no idea what the average VC earns in a year. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition. The deal is for Pinch, a startup that was focused on helping millennials and other young adults build better credit. It was best known for a service called PinchRent, ...
  • Golden Gate Ventures closes new $100M fund for Southeast Asia Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore ...
  • Alibaba’s Ant Financial denies stealing from Equifax Ant Financial has denied claims that it covertly raided Equifax — the U.S. credit firm that was hit by a hack last year — to grab information, including code, confidential data and documents to help recruit staff for its own credit scoring service. The Alibaba affiliate, which is valued at over $100 billion, launched Sesame ...
  • ICOs are increasingly just for venture capitalists The rollercoaster-get-rich ICOs of 2017 are over — crypto companies are waking up to the idea that VC investors aren’t so bad after all. Companies used initial coin offerings (ICOs) to raise some $5.5 billion in cryptocurrency-based funding last year. As an emerging investment system with no regulation, nearly anyone was allowed in. The knock-on effect ...
  • LendingTree is the secret success story of fintech For all of the excitement centered around fintech over the past half-decade, most venture-backed fintech companies struggle to acclimate to public markets. LendingClub and OnDeck have plummeted since their late 2014 IPOs after several years of darling status in the private markets. GreenSky, which went public in May of this year, has been unable to ...
  • Eventbrite sets IPO range of $19 to $21, valuing it at $1.8B Eventbrite has taken its final step toward becoming a publicly traded company. In an updated S-1 filing this morning, the ticketing and events company announced plans to sell 10 million Class A shares on the New York Stock Exchange at a price range of $19 to $21 under the ticker symbol EB. At a midpoint ...
  • Crypto market crashes after Goldman reportedly scraps trading plans The crypto market is down significantly today, practically across the board of all coins, following a report that claims Goldman Sachs has backed down on plans to start a dedicated cryptocurrency trading desk. Bitcoin is down over five percent in the last 24 hours, but ‘altcoins’ have been hit harder. Ethereum (down 14 percent), XRP ...
  • SynapseFi raises $17M to develop its fintech and banking platform SynapseFi, a startup that helps banks and fintech companies work together to develop technology, has announced that it raised a $17 million Series A funding round. The funding actually closed at the back end of last year, but CEO Sankaet Pathak said the company has been so busy developing new products, hiring and more than that ...
  • Chat app Line to raise $1.33BN via convertible bonds to double down on financial services Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the financial services business, Reuters reports.  Line said it plans to spend most of the money on promoting its Line Pay service and for other new financial services by the ...
  • Lending startup Portal Finance nabs $200 million for small business loans in Latin America Latin American small businesses just got a big boost with a new commitment for a $200 million lending joint venture between the Bogota-based startup Portal Finance and Latin America’s largest financial services institution, BTG Pactual. For Portal Finance, the deal with BTG caps a meteoric rise, which has seen the company raise $1.5 million at ...
  • Fall 2018 tech IPOs face myriad of headwinds 2018 has been an incredibly strong year for IPOs, particularly in the technology sector. Among the brand names this year that have made their public debuts are Dropbox, Xiaomi, Spotify (through a direct listing), DocuSign, Carbon Black, Zuora, among many, many others. Given the strength of these numbers through the first eight months of this ...
  • Funding Circle, a P2P SME lending platform, steps towards an IPO UK founded startup Funding Circle, a p2p lending platform which focuses on the underserved small business market, has announced a “potential intention” to float on the London Stock Exchange. In a press release today, announcing the publication of a Registration Document for a possible future IPO, Funding Circle says that should it proceed with floating on ...
  • Payday startups are increasing access to wages, but is “make any day payday” the right choice? Kristen Berman Contributor Kristen Berman is a co-founder of Duke’s Common Cents Lab with Professor Dan Ariely. Common Cents is generously supported by MetLife Foundation. Kristen was on the founding team of Google’s behavioral economics team, and was previously the founder of Irrational Labs, a behavioral economics nonprofit focused on health and happiness. More posts ...
  • Thailand is becoming a critical country for blockchain While United States regulators are still trying to figure out how to think about cryptocurrencies, Thailand’s government is already mapping out its own central bank digital currency. This is just one of numerous examples how Thailand has emerged as one the most interesting cryptocurrency and blockchain countries in Southeast Asia in 2018. Since the start of ...
  • Rappi raises $200M as Latin American tech investment reaches new highs Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by a source close to the company. DST Global has led the more than $200 million financing, with participation from Andreessen Horowitz and Sequoia—all of which ...
  • Security tokens will be coming soon to an exchange near you While cryptocurrencies have generated the lion’s share of investment and attention to date, I’m more excited about the potential for another blockchain-based digital asset: security tokens. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • Cryptocurrency and blockchain bring Asia funds to the forefront of U.S. tech Since early 2017, there’s been a new trend in the U.S. where a number of Asian funds have been actively involved in early-stage crypto investing. Many folks in traditional tech have not heard of them before, but these funds will only be growing more important as cryptocurrency and blockchain solidify their position in the American ...
  • World Bank launches first bond instrument built on a blockchain with the Australian Bank The World Bank has launched the first bond on a blockchain with the Commonwealth Bank of Australia. The A$110 million ($87 million) bond-i (blockchain operated new debt instrument) — so named, I’m assuming, because of Australia’s famed Bondi Beach (bankers have the funnies!) — is the first bond to be created, allocated, transferred and managed ...
  • Venezuela ties its currency to a state-run cryptocoin Venezuela has just taken drastic and unprecedented steps to stabilize its currency as it grapples with hyperinflation and other economic issues. The country’s currency has not only been massively devalued and renamed, but is now tied to a state-issued cryptocurrency called the Petro, which itself fluctuates based on oil prices. Hardly anyone knows what to ...
  • Taking Tesla private, WeWork and Uber earnings, and what happened to crypto Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a corker. We had Alex Wilhelm in-studio with our guest Minal Hasan, founder of K2 Global, and TechCrunch’s Danny Chriton jumped in from New York to help the crew dig through the biggest and best stuff ...
  • Messaging firm Line launches a dedicated crypto fund Messaging company Line is continuing to burrow deep into the crypto space after it announced the launch of a $10 million investment fund. The fund will be operated by Line’s Korea-based blockchain subsidiary Unblock Corporation, which is tasked with research, education and other blockchain-related services. The fund will be called Unblock Ventures and it’ll initially have ...
  • Ethereum’s falling price splits the crypto community Hello And Welcome Back To The Latest Edition Of All The Cryptos Are Getting Rekt Right Now. Crypto bloodbaths have become fairly common in 2018 — mainly because of the insane growth in 2017 — but we’ve not covered them all because they are so numerous and often include so-called ‘flash crashes’ or small drops, but ...
  • California may mandate a woman in the boardroom, but businesses are fighting it Antoinette Siu Contributor Share on Twitter Antoinette Siu is a reporter for CALmatters. California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge. Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are ...
  • Offering a white-labeled lending service in emerging markets, Mines raises $13 million Emerging markets credit startup Mines.io has closed a $13 million Series A round led by The Rise Fund, the global impact fund formed by private equity giant TPG, and 10 others, including Velocity Capital. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Slack raises, Dropbox and Snap report earnings, and Magic Leap is real Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Matthew Lynley and Alex Wilhelm were joined by 500 Startups CEO Christine Tsai for what turned out to be a super packed episode. We kicked off with the latest from Slack: $400 million new dollars at a shiny, ...
  • Neat is a challenger bank for early-stage startups and SMEs With the growth in cross-border payment services and ‘challenger’ bank cards for consumers, you’d be forgiven for wondering where the options are for small business — where cash is particularly precious. They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide. The startup started off ...
  • With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private. Tesla’s shares have tumbled from their post-tweet highs as investors are now left with the embers ...
  • Twilio came ahead of expectations and the stock is going nuts Twilio today reported a positive quarter that brought it to profitability — on an adjusted basis — ahead of schedule for Wall Street, sending the stock soaring 16% in extended hours after the release came out. While according to traditional accounting principles Twilio still lost money (this usually includes stock-based compensation, a key component of ...
  • Wells Fargo says hundreds lost homes to computing ‘error’ Software mistakes are normally little more than inconveniences, but they had particularly serious consequences for some Wells Fargo customers. An SEC filing from the bank has revealed that a "calculation error" in its mortgage loan … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • July sets a record for number of $100M+ venture capital rounds In July 2018, the tech sector’s leisure class — venture capitalists — kicked investments into overdrive, at least when it comes to financing supergiant venture rounds of $100 million or more. With 55 deals accounting for just over $15 billion, July likely set an all-time record for the number of huge venture deals struck in a single ...
  • The dramatic rise and fall of online P2P lending in China Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task was to carry out research on other P2P lending firms. She found the rates of return tempting and some underlying ...
  • Golden Gate Ventures hits first close on new $100M fund for Southeast Asia One of the fascinating things about watching an emerging startup ecosystem is that it isn’t just companies that are scaling, the very VC firms that feed them are growing themselves, too. That’s perhaps best embodied by Golden Gate Ventures, a Singapore-based firm founded by three Silicon Valley entrepreneurs in 2011 which is about to close a ...
  • Apple Pay is finally coming to CVS and 7-Eleven, and will soon expand to Germany Longtime Apple Pay holdout CVS will finally be adding support for Apple’s mobile payments platform this fall, along with 7-Eleven, Apple CEO Tim Cook said this afternoon on the company’s earnings call. The news is particularly notable because CVS was one of the first major retailers to snub Apple Pay, choosing instead to launch its ...
  • Experian leads $28M investment in Southeast Asia fintech startup C88 Experian is making its first major bet on Southeast Asia and its population of over 650 million consumers after the financial credit giant backed Singapore-based C88 Financial Technologies, which operates financial marketplaces that help lenders reach new audiences. C88 today announced a $28 million Series C investment round that’s led by Experian with participation from a host ...
  • Kredivo raises $30M to build a digital credit card for Southeast Asia FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia, has closed a $30 million Series B round as it begins to consider overseas expansion. The company launched its ‘Kredivo’ service two years ago to help consumers pay online in Southeast Asia, where credit card penetration is typically low, and it is essentially ...
  • Ebay to add support for Apple Pay, partners with Square Capital on seller financing Ebay announced this morning it will begin accepting Apple Pay on its marketplace starting this fall, and has also teamed up with Square Capital on seller financing. The changes come following eBay’s further distancing from longtime partner PayPal, which included the company’s switch to Adyen as its primary payments processing partner, announced earlier this year. At ...
  • CowryWise micro-savings service opens high yield government bonds to everyday Nigerians In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instance, countries like Nigeria have experienced a tremendous growth in the number of citizens entering the middle class, which now accounts for about ...
  • Redefining dilution Eric Paley Contributor Eric Paley is a managing partner at Founder Collective. More posts by this contributor The plague of rationalization Learning to embrace conflict as a part of startup culture Everyone generally agrees that dilution should be avoided. VCs insist on pro-rata rights to avoid the dreaded “D” word. Executives often complain, after a ...
  • Zoox’s fresh $500M, how to spend $6.3B and Microsoft’s fine fiscal year Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we had another full house which made for a good time. Our own Connie Loizos, Matthew Lynley and I were joined by Renata Quintini, a partner at Lux Capital. Today’s episode is a grab bag of topics, including ...
  • Chase Mobile® – JPMorgan Chase & Co. Chase Mobile®JPMorgan Chase & Co. Genre: FinanceProductivity Release Date: 2008-12-15 © © 2018 JPMorgan Chase & Co. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Major League Baseball is going crypto By Daniel Roberts Later this summer, Major League Baseball digital collectibles are coming to the Ethereum blockchain. Lucid Sight, a blockchain gaming company, is launching MLB Crypto Baseball, through a licensing deal with MLB. Baseball fa… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Aspire Capital offers fast finance for SMEs in Southeast Asia Southeast Asia’s digital economy is tipped to grow more than six-fold to reach more than $200 billion per year, according to a report co-authored by Google, with e-commerce accounting for the dominant share. The emergence of e-commerce platforms like Alibaba’s Lazada and U.S.-listed Shopee have enabled online entrepreneurship across the region, but still financial support for ...
  • Jina Choi, SF Regional Director of the SEC, is coming to Disrupt to talk ICOs and more The Securities and Exchange Commission, the federal agency responsible for protecting investors and maintaining fair and orderly functioning of our securities markets, has 11 regional offices, including in Miami, New York, Boston and Chicago. None has quite the workload as the SEC’s San Francisco regional office, where a major area of focus in recent years ...
  • Joseph Lubin, Amanda Gutterman and Sam Cassatt from Consensys to speak at Disrupt SF There is perhaps no firm that has done as much to promote the adoption of Ethereum as the dominant cryptocurrency platform for actual product development as Consensys. Founded by Ethereum Foundation co-founder Joe Lubin, Consensys has emerged as an investor, accelerator, educator and product developer in its own right in little more than three years ...
  • PayPal sells its consumer credit portfolio to Synchrony for $7 billion In November 2017, PayPal announced it had agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, as a part of an expanded relationship between the two companies. That deal has now closed, with Synchrony actually acquiring $7.6 billion in receivables, including PayPal’s U.S. consumer credit portfolio, totaling $6.8 billion at the close, as ...
  • Thousands of cryptocurrency projects are already dead Two sites that are actively cataloging failed crypto projects, Coinopsy and DeadCoins, have found that over a 1,000 projects have failed so far in 2018. The projects range from true abandonware to outright scams, and include BRIG, a scam by two “brothers,” Jack and Jay Brig, and Titanium, a project that ended in an SEC ...
  • Your old video games could be worth serious cash By Daniel Howley E3 2018 is in the rearview mirror. And while the biggest game show of the year brought us plenty of new games to look forward to, they’re still months from hitting the market. For some gamers, though, the latest and greatest tit… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Drip Capital helps exporters access working capital Drip Capital is raising a $20 million funding round from Accel, Wing VC and Sequoia India. The company is helping small exporters in emerging markets access working capital in order to finance big orders. The startup also participated in Y Combinator back in 2015. Many small companies in emerging markets have to turn down orders ...
  • Personal finance startup SmartAsset raises $28M I first wrote about SmartAsset nearly six years ago, when it launched its first product, a tool allowing prospective homebuyers to analyze the rent vs. buy decision and to see what kind of home they could actually afford. According to co-founder and CEO Michael Carvin, “On the consumer side, our strategy has never really changed. ...
  • Venmo is discontinuing web support for payments and more PayPal-owned, peer-to-peer payments app Venmo is ending web support for its service, the company announced in an email to users. The changes, which are beginning to roll out now, will see the Venmo .com website phasing out support for making payments and charging users. In time, users will see even less functionality on the website, ...
  • Scooters go mad, Opendoor wants to buy your house, and Meituan’s IPO Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was something of a first for the crew, twice. First, we had two guests on the show, and, also, we only made it through two and a half topics. The former is good, the latter is, ...
  • Celebrity funds from Jay Z, Will Smith and Robert Downey Jr. are backing a life insurance startup Ethos, the company that bills itself as making life insurance accessible, affordable and simple, has officially come out of stealth with an $11.5 million investment led by on of the world’s top venture firms, Sequoia Capital, and additional participation from the family offices of Hollywood’s biggest stars and an NBA all-star. Jay Z’s Roc Nation, ...
  • Korean crypto exchange Coinrail loses over $40M in tokens following a hack Another day, another crypto hack. This time it’s Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren’t bitcoin or Ethereum, after it was hit by an apparent attack over the weekend. Korea may be a hot spot for crypto investment, but Coinrail is ...
  • Accenture wants to beat unfair AI with a professional toolkit Next week professional services firm Accenture will be launching a new tool to help its customers identify and fix unfair bias in AI algorithms. The idea is to catch discrimination before it gets baked into models and can cause human damage at scale. The “AI fairness tool”, as it’s being described, is one piece of ...
  • US startups off to a strong M&A run in 2018 With Microsoft’s $7.5 billion acquisition of GitHub this week, we can now decisively declare a trend: 2018 is shaping up as a darn good year for U.S. venture-backed M&A. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • GitHub’s epic exit, Domo’s dicey math, and Dataminr’s big raise Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This time ’round we had Connie and Alex on hand with Brian Ascher, a longtime partner with Venrock down in Palo Alto, Ca. It was a surprisingly busy week, so we had our work cut out us. Without ...
  • Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant ...
  • With index changes, Americans are sending billions to China (whether they know it or not) There have been two major developments in Chinese equities this month that have the potential to rewire the world financial system. The first, which I have covered extensively on TechCrunch, is the launch of Chinese Depository Receipts, which will provide domestic Chinese investors access to foreign stocks for the first time. Major Chinese tech companies ...
  • Revolut announces a Robinhood-like trading product Fintech startup Revolut likes to announce new things all the time. Even though nothing is going live today, it’s interesting to see where the startup is heading. The company is working on a trading platform for traditional shares without any commission. You’ll find stock from public companies from the U.K. and the U.S., as well ...
  • N26 now has 1 million customers You don’t sign up to a bank account every day. And yet, German startup N26 has managed to attract 1 million clients across Europe. They generate €1 billion in transaction volume every month ($1.17 billion). It took N26 only nine months to grow from 500,000 to 1 million. And the company now plans to have ...
  • Equity podcast: More funding for scooters, Cruise gets a boost, and Chinese IPOs  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was fun. Back in the studio, Connie Loizos, Matthew Lynley, your humble servant, and Ramneek Gupta, managing director of Citi Ventures was with us to provide the venture perspective. As you can probably guess, we got ...
  • Nigeria’s Piggybank.ng raises $1.1M, announces group investment product Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Safaricom unveils Bonga, Africa’s Talking gets $8.6M, TechCrunch visits Nigeria, Ghana Safaricom rolls out Bonga social networking platform to augment M-Pesa Seeking to tap into Africa’s informal ...
  • GIF lord Imgur caves to video to hasten profitability Imgur is the internet’s best time sink, where 250 million monthly users silently consume an endless community-curated collection of absurd GIFs, inspiring tales, pop science explainers, and giant meme dumps. But what it’s never had is video. That was a differentiator that made it ideal for quiet browsing in class, on public transit, or in bed. ...
  • Yahoo shuts down social savings app Tanda only months after launch Well, that didn’t take long. Yahoo Finance’s new social savings app Tanda, which launched just this January, is already shutting down. The company announced the news of the app’s closure via a blog post, which vaguely hinted at a lack of traction. That appears to be true – the app isn’t even in the top ...
  • Netflix magic market number larger than big cable company’s magic market number Netflix’s market cap is now larger than Comcast, which is pretty much just a symbolic thing given that the companies are valued very differently but is like one of those moments where Apple was larger than Exxon and may be some kind of watershed moment for technology. Or not. A couple notes on this largely ...
  • Adyen confirms it will IPO and list in Amsterdam, valuing the payments giant at $7B-$11B The floodgates are definitely open for IPOs in the tech world right now, and the latest is coming out of Europe. Adyen, a company that powers payments for large and smaller e-commerce merchants and others, has said that it plans to publicly list on the Euronext Amsterdam exchange, keeping the company’s financial future close to where ...
  • Revolut adds Ripple and Bitcoin Cash support Fintech startup Revolut is adding Bitcoin Cash and Ripple to its cryptocurrency feature. While cryptocurrency isn’t really Revolut’s focus point, it’s a good way to get started with cryptocurrencies. If you have a Revolut account, you can now buy and hold Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Behind the scene, the startup has partnered ...
  • Vota turns your credit card transactions into recommendations, helps you spot fraud Oh my god, someone’s doing Blippy again. If you’ve been around the internet as long as I have (too long), you’ll probably remember the meteoric rise of the social network for sharing your purchases, Blippy, which was hyped up to a $46.2 million valuation back in 2010 before the world realized that almost nobody wanted ...
  • Equity podcast: Circle raises $110, VCs hunt liquidity, and the Vision Fund’s possible twin Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. Today Matthew Lynley, Connie Loizos and I were joined by Semil Shah, the founder of seed-stage fund Haystack and venture partner at Lightspeed. This week, we stuck to our roots: big rounds, venture capital liquidity thirst, one IPO, two ...
  • Pluralsight prices its IPO at $15 per share, raising over $300M Pluralsight priced the shares in its IPO at $15 this afternoon, above its previously set target range of between $12 and $14, and will raise as much as $357 million ahead of its public debut tomorrow morning. Pluralsight offers software development courses, specifically ones targeting employees that are looking to advance in their careers by ...
  • Coinbase’s first investment, Compound, earns you interest on crypto Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate. Most cryptocurrency is shoved in a wallet or metaphorically hidden under a mattress, failing to generate interest the way traditionally banked assets do. But Compound wants to create liquid money markets for cryptocurrency by algorithmically setting interest rates, and letting you ...
  • Looking for a better exit? Get out of the game early Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor In Canada’s cloud services market, venture investment opportunities abound What did VCs study in college? VC investing is a game of putting money into a company and hopefully getting more out. In an ideal world, the ...
  • Cleveland offered $120 million in freebies lure Amazon to the city A Cleveland.com article detailed the lengths the small midwestern city would go to lure Amazon’s in 50,000-person HQ2. In a document obtained by reporter Mark Naymik, we learn that Cleveland was ready to give over $120 million in free services to Amazon including considerably reduced fares on Cleveland-area trains and buses. The document, available here, ...
  • Capital One acquires digital identity and fraud alert startup Confyrm Capital One has acquired the San Francisco-based digital identity and fraud alert startup Confyrm, the company announced through a blog post on Thursday. The deal will bring Confyrm’s technology to the bank in order to help speed its development and implementation of consumer identity services at scale. CEO Andrew Nash founded Confyrm in 2013, along ...
  • Google Pay’s app adds boarding passes, tickets, p2p payments and more Google Pay got a big upgrade at Google I/O this week. At a breakout session, Google announced a series of changes to its payments platform, recently rebranded from Android Pay, including support for peer-to-peer payments in the main Google Pay app; online payments support in all browsers; the ability to see all payments in a ...
  • Dropbox reports $316M in revenue and beats expectations for its first quarterly check-in with Wall Street Dropbox made its debut as a public company earlier this year and today passed through its first milestone of reporting its results to public investors, and it more or less beat expectations set for Wall Street on the top and bottom line. The company reported more revenue and beat expectations for earnings that Wall Street ...
  • iZettle, the ‘Square of Europe’, plans IPO to raise around $227M, valuing it at $1.1B The strong climate for tech IPOs at the moment is leading yet more mature startups to set up their own plans to list, and the latest development on that front is coming out Sweden. iZettle, the payments and small business financial services startup that is often referred to as the “Square of Europe,” with some ...
  • Snap’s CFO is out and a veteran Amazon exec is taking his place Snap Chief Financial Officer Drew Vollero is going to be leaving his post at the Snapchat parent company next week and will be replaced by Amazon VP of finance Tim Stone, according to financial documents filed with the SEC today. Vollero was the company’s first CFO and has presided over Snap finances since joining less ...
  • The formula behind San Francisco’s startup success Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade? Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Equity podcast: Stocks swing after earnings for Tesla, Apple, Spotify, Snap It was another big week for earnings on “Equity,” TechCrunch’s podcast about venture capital and the tech business. But this week, it wasn’t all good news. Spotify stumbled after its first quarterly report since joining the stock market. Tesla shares were down after Elon Musk’s unusual earnings call. Snap hit a record low after failing to gain traction with ...
  • Pandora shares up 8% after surprise earnings beat Pandora’s quarterly earnings report was music to investor’s ears. The digital radio platform reported a better-than-expected first quarter report after the bell on Thursday, sending shares up 8% in after-hours trading. Wall Street liked that the company showed a sizable increase in subscriber revenue, posting $104.7 million, a 63% increase from last year. Pandora has ...
  • Birchbox ownership changes hands after beauty business does recap Beauty-in-a-box brand Birchbox has changed up its ownership structure. The New York-based startup, which has raised almost $90 million in funding from noted venture firms like Accel Partners and First Round Capital, has a new majority owner in hedge fund Viking Global, sources confirm to TechCrunch. First reported by Recode, Birchbox made some changes to its cap table ...
  • DNC launches tech marketplace for Democratic candidates The Democratic National Committee is trying to help Democrats regain the pole position as the tech-savviest political party in the U.S. After getting Trumped in the 2016 election (pwned on security, data analysis and at the polls), the DNC is launching I Will Run, a marketplace for software, services and training to upgrade the campaigns ...
  • SoFi founder Mike Cagney is back with a new startup and $50 million in funding Mike Cagney, who was ousted last summer from the lending company he founded, is back with a new startup and a whole lot of funding from at least one of his previous investors. According to a new report in Bloomberg, Cagney, who earlier this year formed a new lending startup called Figure, has raised $50 ...
  • Baidu brings group of PE firms into its financial services business via $1.9B investment Baidu has turned to the financial industry to bolster its consumer finance business. The Chinese search giant confirmed that it has sold a majority share in its Financial Services Group (FSG) business to a consortium of private equity firms in a deal worth $1.9 billion. The business is in the consumer finance space and its services include credit and wealth ...
  • DocuSign closes up 38% and Smartsheet 30% in their debuts on Nasdaq and NYSE It was a big day for enterprise tech IPOs, which have been on a roll in 2018. Today, not one but two enterprise tech companies, DocuSign and Smartsheet, saw their share prices pop as they made their debuts on to the public markets, trends that continued throughout the day. At the close of the markets ...
  • Qualcomm delivers a better-than-expected second quarter amid its chaotic year Fresh off a massive cascading series of fiascos that has thrown the future of Qualcomm into doubt, the company managed to report a mostly positive first quarter and keep the stock from going into a further tailspin. Qualcomm has been under considerable pressure for a wide variety of reasons, the most obvious one of which ...
  • SEC charges third ‘mastermind’ in ICO fraud case The SEC is clearly determined to crack down on everyone involved in Centra Tech’s allegedly fraudulent initial coin offering. Officials have filed fraud charges against a third “mastermind” in the case, Raymond Trapani, for reportedly helping to whi… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • YouTube TV brings two Cheddar digital-only shows to its lineup YouTube TV is making its way onto a more devices and bringing quite a few live TV channels along with it, including Turner Network channels. The Google-owned service is also in quite a few markets, making it easy to access from almost anywhere… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round included returning investors Sequoia India, which led the Singapore-based startup’s Series A two years ago, Golden Gate Ventures and Alpha ...
  • New York launches a fact-finding inquiry into Coinbase, Binance and other exchanges As cryptocurrencies continued shaking off their April hangover, the state of New York is trying to figure out what to do with this whole coin thing. On Tuesday, New York Attorney General Eric Schneiderman announced something called the Virtual Markets Integrity Initiative, a state-level effort to examine the policies and practices of the major cryptocurrency ...
  • Q1 2018 global diversity investment report: Investing trends in female founders In this report, we look at venture and seed investment trends in female-founded startups over the last five quarters. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Ripple’s Brad Garlinghouse and Michael Arrington to talk cryptocurrency at Disrupt SF Ripple CEO Brad Garlinghouse and Arrington XRP Capital founder (and TechCrunch founder) Michael Arrington will be joining us at TechCrunch Disrupt SF in September to talk money. Garlinghouse has had a long and storied career in the tech industry, serving as a Senior Vice President at Yahoo!, President of Consumer Applications at AOL, and CEO ...
  • Netflix nears a $150B market cap as its subscribers continue to balloon Just last quarter Netflix passed a $100 billion market cap — and we might already be talking about it as a $150 billion company before too long with yet another big financial quarter that sent its stock soaring. Netflix, again, beat out some expectations Wall Street held for the first quarter and provided a pretty ...
  • New York’s programming ed tech startup, General Assembly, sells to Adecco for $413 million The European human resources services company Adecco Group said that is acquiring the New York-based, programming, design, and management training startup General Assembly for $413 million. With the acquisition, Adecco adds to its ability to provide job training and re-skilling services for businesses. It’s proof that General Assembly’s own business has come a long way ...
  • What did VCs study in college? Although some colleges may offer a major program in business or entrepreneurship, there isn’t exactly a major in venture capital or angel investment. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens ...
  • Subscription biller Zuora soars 43% following IPO Subscription biller Zuora was well-received by stock market investors on Thursday, following its public debut. After pricing its IPO at $14, the company closed at $20, valuing the company around $2 billion. It was also much higher than expected. The company said in its filings that it planned to price its shares between $9 and $11, ...
  • Investing app Stash partners with Green Dot to expand into banking Stash, the finance app favored by first-time investors who are just learning the market, is getting into banking. The company announced this morning it will roll out a set of mobile-first banking services aimed at those left behind by traditional banks. The services include bank accounts with debit cards, no overdraft fees, access to a network of ...
  • Pandora’s CEO is doubling down on podcasts By JP Mangalindan Pandora CEO Roger Lynch wants to offer listeners an easier way to discover new podcasts as the company adds more podcasts to its service and beefs up advertising. Indeed, podcasts will become a more significant aspect in th… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead PayPal is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch ...
  • Redpoint Ventures hires Uber’s Annie Kadavy as general partner Redpoint Ventures has hired Annie Kadavy as its first female general partner. She’ll be on the early stage investment team. Kadavy has a background in venture capital, having spent several years at CRV. Most recently, she ran strategic operations at Uber’s freight division. She also has an M.B.A. from Stanford University Graduate School of Business. ...
  • Spotify’s missing money-maker is artist-to-fan messaging Streaming royalties are too expensive for Spotify to thrive as a public company just playing us songs. Spotify’s shares closed down 10 percent today during its NYSE trading debut. Luckily it controls much of the relationship between musicians and their fans on its app, poising it to build a powerful revenue and artist loyalty generator ...
  • ‘Far Cry 5’ review: Destruction and doomsday in America By Daniel Howley The Far Cry series is known for dropping players into huge, open-world settings and letting them sew chaos and destruction as they take on each title’s menacing villain. But those settings and enemies have always been based in large… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • CardUp raises $1.7M to help small businesses get more out of their credit cards CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led by Sequoia India and SeedPlus. This is CardUp’s first institutional investment round and will be used to expand its business serving small- to medium-sized ...
  • Massachusetts halts five ICOs for defying financial rules It’s not just the feds concerned about sketchy cryptocurrency fundraising. Massachusetts Secretary of the Commonwealth William Galvin has ordered a halt to the sale of five initial coin offerings (18 Moons, Across Platforms, Mattervest, Pink Ribbon… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Oscar Health raises $165 million at reported $3B valuation Oscar Health, the startup run by Josh Kushner (yes, brother of Jared), has raised $165 million at a reported valuation of $3.2 billion, CNBC’s Christina Farr reports. The funding comes from Alphabet’s Capital G investment company and Verily life sciences corporation, Founders Fund and others. Oscar’s goal is to outpace existing industry-leading insurers, including UnitedHealth ...
  • Ethereum falls after rumors of a powerful mining chip surface Rumors of a new ASIC mining rig from Bitmain have driven Ethereum prices well below their one-week high of $585. An ASIC – or Application-specific integrated circuit – in the cryptocurrency world is a chip that designers create for the specific purpose of mining a single currency. Early Bitcoin ASICs, for example, drove adoption up ...
  • Microsoft surges 8% after Morgan Stanley says it will reach $1 trillion market cap The Dow surged 669 points on Monday after trade tensions eased. Tech stocks like Amazon and Apple saw gains, but the biggest winner of all was Microsoft . The Seattle tech giant, which is a Dow 30 company, benefitted not only from the solid stock market day, but also because a Morgan Stanley analyst had ...
  • Hip hop finds its beat in the startup scene Hip hop stars are taking their reputations to Wall Street and Sand Hill road. Unlike their rock star brethren, who’ve historically been disinterested in dabbling with startups, quite a few hip hop artists have amassed good-sized portfolios. They’ve seen a few big hits too. Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Dropbox prices above its original range at $21 as it heads toward an IPO Dropbox today said it is pricing above the range it originally set ahead of its public listing tomorrow, handing the company a valuation inching ever-closer to its original $10 billion valuation. Dropbox earlier this week said it would price its initial public offering in a range between $18 and $20 per share, settling on a ...
  • Coinbase bug could have let anyone give themselves free ether Cryptocurrency exchanges have had a fair share of justified criticism. They can be high-value targets for criminals, easy to hide from the IRS and easily affected by tech issues. Luckily, thanks to a bug report by financial security outfit VI … Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Lydia launches Lydia Premium Lydia launches Lydia Premium French startup Lydia announces two new things today. First, the company is launching a financial hub with multiple new products. Second, Lydia is announcing a new premium subscription to access those new features. “Today, we’re lucky enough to have you here to announce you the biggest thing we’ve done since Lydia’s ...
  • DocuSign has filed confidentially for IPO DocuSign is gearing up to go public in the next six months, sources tell TechCrunch. The company, which pioneered the e-signature, has now filed confidentially, we are hearing. Like Dropbox, which is finally going public this week, San Francisco-based DocuSign has been an anticipated IPO for several years now. It’s raised over $500 million since it ...
  • SearchInk rebrands as omni:us, aims its hand-writing reading AI at insurance industry Back in 2016 a startup called SearchInk, launched out of Berlin with the aim of combining machine learning with handwriting recognition. The upshot would be the ability to semantically label handwritten documents. Pretty nifty. It went on to raise €4.2 million in seed funding, but after developing this AI to read hard-written documents, it went ...
  • Late-blooming startups can still thrive Joanna Glasner Contributor More posts by this contributor Corporate bio VCs are backing more rounds and making bigger bets Front-door tech is hot, and it’s not just Amazon who wants in It seems like startup news is full of overnight success stories and sudden failures, like the scooter rental company that went from zero to ...
  • Enterprise subscription services provider Zuora has filed for an IPO Zuora, which helps businesses handle subscription billing and forecasting, filed for an initial public offering this afternoon following on the heels of Dropbox’s filing earlier this month. Zuora’s IPO may signal that Dropbox going public, and seeing a price range that while under its previous valuation seems relatively reasonable, may open the door for coming ...
  • The Third Age of credit Society is beginning to wake up to a tremendous shift in one of the most fundamental underpinnings to how we live our lives: the credit system. Even though it’s not commonly known, credit infrastructure has existed about as long as civilization itself. In one way or another, credit systems have always formalized the one essential ...
  • Stock trade app Robinhood raising at $5B+, up 4X in a year By adding a cryptocurrency exchange, a web version and stock option trading, Robinhood has managed to quadruple its valuation in a year, according to a source familiar with a new round the startup is raising. Robinhood is closing in on around $350 million in Series D funding led by Russian firm DST Global, the source ...
  • Abra adds 20 cryptocurrencies to its wallet app Abra, a global currency wallet that was the belle of the early Bitcoin ball, has just added 20 cryptocurrencies and 50 fiat currencies, a feature that allows you to top up and send cash and cryptocurrencies from inside the wallet. “Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, Dash, Zcash, Bitcoin Gold, Stellar Lumens, DigiByte, ...
  • Experian acquires UK’s ClearScore and its financial product matching engine for $385M While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, ...
  • Revolut adds direct debits in Europe Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut ...
  • Winklevoss-led Gemini announces a self-regulatory group for crypto  Gemini, run by the Winklevoss twins, is one of the most Wall Street oriented exchanges on the crypto markets. Originally envisioned as “bitcoin in a suit,” it is now leading the way in self regulation with a new Virtual Commodity Asso… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services  Ride-hailing service Grab is being heavily linked with a deal to buy out Uber’s business in Southeast Asia, but those rumors aren’t stopping it from building its fintech platform after announced a financial services unit. The Singapor… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Stitch Fix falls 6% after earnings miss  Stitch Fix, the on-demand fashion styling business, saw its shares quickly fall 6% following the bell on Monday, after missing earnings projections for its second-quarter release.  The company posted an adjusted earnings per share of two cents, b… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Dropbox sets IPO range $16-18, valuing it below $10M, as Salesforce ponies up $100M  After announcing an IPO in February, today Dropbox updated its S-1 filing with pricing. The cloud services and storage company said that it expects to price its IPO at between $16 and $18 per share when it sells 36,000,000 shares to raise $648 mi… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Kickstarter Patrons shifts the focus to deep pocket funders  Kickstarter’s name has become synonymous with crowdfunding since the site launched back in 2009. As it happily notes, it’s helped 14 million backers pledge $3.1 billion in funding over the years. Of late, though, the service has been … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Blue Apron stock suffers as Weight Watchers gets into meal kits  Life has not been pretty for Blue Apron, the meal-kit company that went public last June. Today, Blue Apron’s shares dropped to a record low following Weight Watchers announcing it would launch its own meal kits to be sold in grocery stores… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Square Cash now supports direct deposits for your paycheck  It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct deposits, meaning users can now get their paycheck … Share this:Click to email this to a friend (Opens ...
  • Snap is reportedly laying off around 100 employees  Snap is laying off around 100 employees that are part of its engineering staff, according to multiple reports from CNBC and Cheddar. The company expects to lay off as much as 100 people in the engineering department, according to those reports. I… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • UK’s Atom Bank raises another $206M led by BBVA for millennial and SMB financial services  Atom Bank, the startup based out of Durham, England that operates a mobile-only bank targeting consumers between the ages of 18 and 34, has raised another big round of funding. The company today announced another £149 million ($206 million) in fu… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • A tale of two startups with ‘superstore’ ambitions: Robinhood and Cadre  “If you think about Amazon, they took the book model, built brand equity, trust, credibility, and now they are a superstore for any retail product,” Cadre’s cofounder and CEO Ryan Williams told attendees at an industry event in … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Citi wants fintech startups to disrupt institutional banking  Financial services giant Citi reckons fintech startups are missing out on a major opportunity to disrupt institutional banking. Indeed, it’s inviting entrepreneurs to do so.  Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • The dinner that destroyed Gawker  This is an excerpt from Ryan Holiday’s new book Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, available now. Peter Thiel’s vague idea to do something about Gawker, the site that had outed him as gay in 2007… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • The mystery of the public marketplace  The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment in similar business models over the past sever… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Teen debit card Current raises $5 million more from Fifth Third Capital  Current, the startup behind an app-controlled debit card aimed at tweens and teens, is adding new strategic investor Fifth Third Capital, a direct equity investment subsidiary of Fifth Third Bancorp, to its recent Series A round of funding. The i… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Here’s the latest update on the very spicy beef between two massive chipmakers  While the largest deal in the history of technology continues to hit a number of speed bumps, we’re now getting into the phase of very strongly-worded publicly-issued statements between the two companies as we get closer and closer to the a… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Fitbit posted a weaker-than-expected quarter and its shares are crashing  Fitbit, which has increasingly had to fend off competition from devices like the Apple Watch and is increasingly making moves in the healthcare space, still hasn’t seemed to nail things down quite yet as it posted weaker-than-expected finan… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Revolut broke even in December, now has 1.5 million customers  Fintech startup Revolut can’t stop and won’t stop growing. The company has had an amazing month of December with a huge increase in the total volume of transactions and signups. Because of that, Revolut broke even in December for the … Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • The Dropbox IPO filing is here  It’s official, the Dropbox IPO filing is here. Going public is a huge milestone for Dropbox and has been one of the most anticipated tech IPOs for several years now. The cloud storage company has been around since 2007 and has raised over $… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Roku’s reckoning, Snap’s huge CEO payout, Airbnb goes upscale and a big NYC acquisition  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week the full gang was in town, with Katie Roof, Matthew Lynley and Alex Wilhelm all back in the podcast s… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Robinhood rolls out zero-fee crypto trading as it hits 4M users  Coinbase has some serious competition. Today Robinhood starts rolling out its no-commission cryptocurrency trading feature in California, Massachusetts, Missouri, Montana and New Hampshire. Users can buy and sell Bitcoin and Ethereum with no extr… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • SEC guidelines push for clearer data breach disclosures American companies haven’t always been forthright about disclosing data breaches in a responsible way, and regulators want to encourage better behavior. The Securities and Exchange Commission has issued “interpretive guidance” that it hopes will bot… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Startup that sells your salary data to VCs gets bought by Solium  Investors don’t want their portfolio companies to pay you too much, or too little. So they pay Advanced-HR for its compensation data pulled from 2,500 startups. With a generic name, the service has flown somewhat under the radar since launc… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Roku stock tanks 18% after sharing financials, outlook  Despite surpassing analyst expectations for the quarter, Roku disappointed Wall Street when it shared its fourth-quarter earnings after the bell on Wednesday. The digital streaming business fell about 18% in after-hours trading, in the minutes fo… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Raise softly and deliver a big exit  In the world of venture capital, the prospect of a successful “exit” looms large in the minds of investors. A VC’s business model is less about the money that goes into a startup than it is about what comes out. It’s true … Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Cardlytics up 3% following IPO, raised $70 million  Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of Ame… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Grove raises $2.1M to find the sweet spot between old-school financial advisors and chatbots  Right now if you want financial guidance and planning help you basically have two options – shell out thousands (or more) a year for an old-school Wall Street-affiliated advisor, or test your luck with one of the free financial planning cha… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Equity Shot: Twitter and Snap’s surprising, synchronized social success  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. Today we’re doing another Equity Shot, a short topic-centered episode where we assemble the troops to div… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Facebook co-founder Eduardo Saverin’s B Capital Group closes first fund at $360M  B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, has closed out its first fund at $360 million. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens ...
  • Qualcomm rejects Broadcom’s $121 billion bid  The largest tech acquisition offer in history wasn’t enough. Qualcomm’s board of directors issued a statement on Thursday saying that they are turning down Broadcom’s $121 billion bid to buy the competing chipmaker. According to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Twitter is now worth more than Snap  Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning. Shares of Twitter rocketed more than 25% this… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Twitter is suddenly making money and Wall Street likes it a whole lot  Despite flat user numbers and a nominal beat in revenue, Twitter’s fortune-reversal over the past several months is still going as the company said it actually posted a GAAP net income — sending the stock jumping more than 15%. Twitte… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Yelp is not having a good day  Yelp saw its stock take a steep dive this afternoon after it reported its fourth-quarter earnings, which on an adjusted basis fell below Wall Street’s expectations on the bottom line. Yelp has had a very up-and-down year, all while still co… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Elon Musk’s pretty good week keeps rolling as Tesla slides through Q4 with same production targets  Tesla CEO Elon Musk managed to send his Tesla Roadster into space — because why not? — earlier this week, and it looks like his week (and Tesla’s) is still looking up for now following the company’s fourth-quarter results…. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Watch Yahoo Finance’s crypto summit live The Yahoo Finance All Markets Summit: Crypto will examine the growing market and investor interest in crypto and the technology behind it. Specifically, where are these digital assets heading, and how can everyday investors buy in safely? From bitcoin … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Backing Robinhood, JAY-Z’s Roc Nation invests in would-be Rockefellers  Roc Nation, the full-service entertainment management company created by the music impresario Shawn Carter (better known as JAY-Z), is making an investment in financial trading platform Robinhood. The investment, through Roc Nation’s Arrive… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Stripe will establish an engineering hub in Dublin  Stripe will open its first engineering center outside the United States in Dublin, the company told Reuters today. Dublin isn’t a surprising choice. Though the online payment processing provider is based in San Francisco, its founders are I… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Tesla uses auto leases to raise $546 million in asset backed securities  Tesla is using its car leases as collateral for a big $546 million loan as it turns to debt markets to raise additional cash to combat the blistering burn rate of its auto and energy business, according to multiple reports. The bonds are pegged t… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Apple’s $1T dreams are on hold as it misses on iPhone sales in the holiday quarter  Apple’s dream of becoming a $1 trillion company will have to wait — at least for a little while. But while iPhone sales this year were about flat (down about 1% to be exact), revenue from the iPhone rose 13% year-over-year. That means… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Alphabet is tumbling after a fourth quarter whiff and names John Hennessy as new board chair  Google parent company Alphabet’s big run over the past few months came to a screeching halt today after it came out with its fourth-quarter results, which fell beneath expectations set by Wall Street for the advertising giant — sendin… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter  Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double take, after earnings per share came in at $3.75, more t… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • The only thing Equifax’s new credit app locks is itself Equifax still appears to have trouble wrapping its head around the concept of trustworthy software following its massive security breach. The company has launched its promised free credit report locking service, Lock & Alert, but there’s one over… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Mobile delivers high exit multiples despite broader market slowdown  In the world of mobile apps, numbers come in two sizes: big and bigger. More than one billion people use Facebook’s mobile app every day. But what about the financial side of the mobile business; specifically, venture investment and returns… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Equifax launches its credit locking app and extends free credit freezes through June  Today was supposed to be the deadline for Equifax’s free credit freeze offering, but the company has decided to extend the service to consumers for another five months. Now, Equifax customers can request a credit freeze through June 30. Sti… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • PayPal sees 24% revenue growth in its latest quarter  PayPal impressed Wall Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant beat analyst expectations for both sales and profit. PayPal reported $3.71 billion in revenue on a foreign-exchange neutr… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter  Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of changes to U.S. tax law. Read More Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Can Amazon Go help the unbanked go digital? If Amazon’s newly opened Go supermarket is any indicator, shopping with physical currency won’t be an option for much longer. Instead of human cashiers (or even self-checkout stands), the store relies on a range of technology to know who’s shopping a… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Bench bookkeeping service raises $18 million in funding  Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Getting to the root of the revenue multiple  Valuation concerns are top of mind for many investors. For those in tech investing, this concern is perhaps most acute, given the generally high multiples assigned to the sector. There are good articles addressing how revenue multiples have moved… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • CVS, other health stocks down upon Amazon, JPMorgan, Berkshire healthcare co news  Investors panicked this morning upon the news Amazon, JPMorgan Chase and Berkshire Hathaway were teaming up to launch a health insurance company for their U.S. employees. Healthcare is one of the biggest operating costs for Fortune 500 companies,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Amazon, JPMorgan and Berkshire Hathaway to build their own healthcare company  When you’re big enough and powerful enough, you don’t need to rely on the existing private healthcare providers out there to handle your employee medical needs. That’s what Amazon, Berkshire Hathaway and JPMorgan Chase have dete… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • U.S. banks’ Venmo alternative, Zelle, moved $75B last year, says 100,000 people enroll daily  Zelle, U.S. banks’ answer to mobile payment services like PayPal and Venmo, claims that nearly 100,000 consumers, on average, are signing up for its service per day. The company also painted a picture of growing traction, noting it processe… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Robinhood – Investing, No Fees – Robinhood Markets, Inc. Invest in cryptocurrencies, stocks, ETFs and options commission-free on Robinhood Invest for Free – Invest in cryptocurrencies, stocks, ETFs and options side by side, all commission-free and easily accessible in one app. – No account minimum needed to get started. (Please see Robinhood’s Fee Schedule to learn more) Instant Access -Use funds immediately for stocks and crypto with Robinhood Instant Deposits, ...
  • Equity podcast: Netflix soars, Twitter loses a big bird, Lyft isn’t woke and more ICOs  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we once again had the full crew on set: Matthew Lynley, Katie Roof, and myself. And even better, we w… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Tryb Group raises $30M to develop fintech platforms for Southeast Asia  Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. The invest comes from Makara’s $770 million joint fund with the Intellectual Property Office … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • 50 Cent realizes he’s a Bitcoin millionaire thanks to sales of a 2014 album  Call him the ultimate hodler. After being one of the first musicians to accept Bitcoin all the way back in 2014, Rapper 50 Cent (a.k.a. Curtis Jackson) appears to have accumulated a small fortune in the volatile digital currency. As TMZ first rep… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • U.S. government files charges in $6 million My Big Coin cryptocurrency Ponzi scheme  On Wednesday, the U.S. Commodity Futures Trading Commission (CFTC) revealed that it has filed a lawsuit against the creators of My Big Coin, an alleged cryptocurrency scam that took naive investors for $6 million. The case, filed on January 16 an… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Stripe is ending support for bitcoin payments on April 23  Payments platform Stripe will stop supporting bitcoin in April, citing the cryptocurrency’s volatility and long transaction times, among other things. It’s a logical decision, but one likely to anger the easily provoked crypto-crowd. … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Study: 6 in 10 Americans have heard about Bitcoin  While crypto may be obvious to us overlords of digital media, awareness of all facets of cryptocurrency still belongs to a small – but growing – minority. In a large scale survey by SurveyMonkey and the Global Blockchain Business Coun… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Aspect Ventures raises $181 million fund  Aspect Ventures has finalized its second fund. The team led by Jennifer Fonstad and Theresia Gouw has closed $181 million, up from $150 million it raised at its inception three years ago.  An SEC filing last year alerted us that the team was fund… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Netflix is now worth more than $100B  Netflix crossed a fun milestone today, crossing the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers. We’ll get to the financial numbers in a minute but, … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Diversifying the blockchain  “The consensus is that because blockchain is so niche and it’s mostly early adopters who come from tech and finance, that it’s actually less diverse than those industries that are already struggling to be representative of the p… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • TurboTax Tax Return App – Intuit Inc. How it works: Snap a photo of your W-2, answer simple questions about your life, and e-file securely from your mobile device or computer.  The most convenient way to get your taxes done right. Seamlessly and securely switch between your iPhone, iPad and computer. You don’t need any tax knowledge. TurboTax asks you simple questions and coaches ...
  • Yahoo Finance launches social savings app Tanda, an alternative to credit cards  Yahoo Finance today launched a new app called Tanda that allows small groups of either five or nine people to save money together for short-term goals. The app uses the concept of a “money pool” – that is, everyone participating… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • SEC cools traders’ hot plans for cryptocurrency-based exchange traded funds  The U.S. Securities and Exchange Commission has serious concerns about the securities industry’s plans to create exchange traded funds around cryptocurrency. In a strongly worded letter to the heads of the Securities Industry and Financial … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Varo Money raises $45 million for mobile banking without fees  There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pinc… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Uber’s big SoftBank deal has officially closed  SoftBank’s $1.2 billion primary direct investment deal has officially closed, according to Uber itself, which confirmed the deal closure and provided the following statement to TechCrunch via a spokesperson: We’re proud to have SoftBa… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle  Ford’s Chariot shared commuter shuttle service is expanding to its latest new market: Columbus, Ohio. The Columbus launch is in partnership with JPMorgan Chase, and initial service in the area will be specifically a shuttle for the company&… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Researchers find that one person likely drove Bitcoin from $150 to $1,000  Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • The state of Israel’s cybersecurity market  The Equifax breach, WannaCry, NotPetya, the NSA leak, and many more cyber incidents – 2017 was certainly a busy year for hackers, illustrating yet again just how vital innovative cybersecurity solutions are in the fight against cyber threat… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • US & Canada VCs favor late-stage giants over upstarts in Q4  Startup investors in the U.S. and Canada have been putting a little less money to work across a lot fewer deals in recent months. After three quarters of rising investment at early through growth stage, VCs have cut back in the fourth quarter of … Share this:Click to email this to a friend (Opens in new ...
  • Ripple announces XRP trial with cross-border remittance firm MoneyGram  Well, well, well. Ripple, the company behind the controversial XRP cryptocurrency which has been criticized for obfuscating the nature of its partnerships with financial organizations, has announced a tie-up with global payment network MoneyGram…. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Alkami raises $70 million for mobile banking software  There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. Plano-based Alkami has developed a white label service that credit unions and banks use across digital platforms. And Alkami&#8217… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Menlo, Benchmark, First Round sold Uber stakes worth hundreds of millions  Uber finally got its secondary transaction done with SoftBank buying billions of shares last month. Now we’re learning more about who sold what. It was already known that major shareholder Menlo Ventures was looking to sell shares, but we&#… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • MoneyLion raises $42M to grow its personal finance platform for the middle class  MoneyLion, the part lending, part savings and part wealth management app targeted at the financial middle class has raised $42M in Series B funding.This brings total equity funding to $67M since being founded in 2013. The startup provides an all-… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • How a simple tech upgrade at the IRS could transform the economy  When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders use primarily comes from two sources: you and private credit… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Financial technology startups emerged as serious challengers to financial services in 2017 While cryptocurrencies stole the spotlight in 2017, a clutch of companies were quietly working behind the scenes to slowly bring the financial services establishment to its knees. It may turn out that these startup entrants of the last several years wi… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Israel may issue cryptocurrency to speed up payments Some countries are treating cryptocurrencies as the bane of their existence, but that might not be true of Israel — it might see the technology as a cure. Reuters sources have claimed that the Bank of Israel is considering issuing virtual cu… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Quiet  he trip began just before the end of school. From the wood-shaving smell of third grade out into the clean fall air, sprung free by my mother who appeared at the little window in the classroom door like a treat. You were the one who got out early… Share this:Click to email this to a friend ...
  • Equity podcast: Stitch Fix tumbles, stocks go crypto and VCs still love unicorns  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week the crew — Katie Roof, Matthew Lynley, Alex Wilhelm — were joined Jeff Richards, a managi… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Sequoia is looking to raise a $5 billion investment fund  Sequoia Capital is looking to raise a $5 billion investment fund. The legendary Silicon Valley venture firm, known for its stellar investment returns, is in the early stages of raising its next global growth fund. Recode’s Kara Swisher firs… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Snap and Twitter now have roughly the same market cap  While we won’t call this a huge watershed moment per se, something nominally interesting in the world of Weird Social Media Things happened this morning: Snap and Twitter are now worth the same based on their market caps. With some small mo… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Stitch Fix is crashing after its first-ever earnings report  Stitch Fix’s first earnings report is not going well for the company, as its shares went into a tailspin after a significant run up over the past month following its IPO when it delivered its results its most recent fiscal quarter. Stitch F… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • dYdX is a decentralized protocol for cryptocurrency derivatives  While some financial derivatives like futures trading are slowly coming to Bitcoin, we’re still a long time away from these financial products being widely available for the entire cryptocurrency asset class. So dydX is building a decentral… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Twitter is soaring today as its stock hits a high for the year  Twitter is finally having a good day on Wall Street as it heads into the final weeks of the year, and this time around it may be a result of a little bit of optimism from investors. There were two big moves for the company today: first, Twitter s… Share this:Click to email this to a ...
  • Yahoo Finance – Yahoo Your #1 finance destination to track the markets and the economy. Follow the stocks you care about most and get personalized news and alerts. Access real-time stock information and investment updates to stay on top of the market. Favorite features: • Track the performance of your personal portfolio. • Add stocks to watchlists to get real-time stock quotes and ...
  • Netflix will look for a repeat play in 2018 after a strong year  Netflix had a pretty good year by very Netflix-y standards: it added a ton of subscribers; its international growth plans seem to be playing out as hoped; it cleaned up in the Golden Globe nominations, and users are watching a ton of Netflix. Whi… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Broadband business Casa Systems up 11%, following downsized IPO  Andover, Massachusetts-based Casa Systems had a tough time pulling off its IPO this week. The broadband solutions company initially wanted to debut Thursday, but pushed its launch back to Friday, likely due to weak initial demand. Casa had planne… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Fitbit is having a bad day  Fitbit is, once again, not having a good day after spending the year in mostly middling status as it looks to prove there’s a market for fitness trackers as well as its own smartwatch. The culprit today is a Wall Street firm slapping a &#82… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Shervin Pishevar resigns from Sherpa Capital  Hyperloop One co-founder and early Uber investor Shervin Pishevar has announced his resignation from Sherpa Capital, the venture capital firm he co-founded, following sexual misconduct allegations. “I have decided on my own accord to end my… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Venmo: Send & Receive Money – Venmo Venmo is the simple, fun money app for sending cash quickly between friends and shopping at your favorite online stores. Split purchases to avoid awkward IOUs, share your new buys, and catch up on what your friends are doing on the feed. “Just Venmo me” has become synonymous with “pay me back” or “I got it.” ...
  • INSIKT raises $50 million to lend to low-income communities  Loans can be the hardest to get for the people who need them the most. An estimated 45 million Americans don’t have a credit score and others have trouble bringing up their scores, even if they are in a better financial position than in yea… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Payments startup iZettle raises $47M, reportedly at a $950M valuation  iZettle — the payments startup based out of Stockholm that competes against companies like Square, Paypal and SumUp to provide card transactions using smartphones and tablets as well as related accounting services — has raised another… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • Betting consumers are tired of bad bank behavior, Aspiration raises $47 million for its alternative  A who’s-who of celebrities, investors and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to challenge the traditional banking industry. … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Review: Shinola Canfield headphones are an overpriced mess  The Shinola Canfield headphones cost $600 and does not ship with a 1/2-inch stereo adapter. That should tell you everything you need to know. But if not, keep reading and let me explain why these fashion headphones are not worth their price. Read… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • PayPal: Mobile Cash – PayPal, Inc. Description TAP INTO YOUR MONEY Send money or pay online to almost anywhere in the world in just seconds. Manage all the ways you send, receive, and spend money at a glance – download the PayPal payment app today. SEND MONEY IN SECONDS Transfer money to PayPal account holders in over 100 countries using just their email address or ...
  • Nextdoor raised about $75 million to connect neighbors  Nextdoor, the neighborhood social networking site raised about $75 million in a funding round, The Information reported, estimating that the valuation is $1.5 billion. The round was confirmed by TechCrunch. This adds to the over $200 million that… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • With markets going crypto-crazy, SEC chairman weighs in  Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Ch… Share this:Click to email this to a friend (Opens in ...
  • Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation  Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Kh… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click ...
  • N26 partners with Younited Credit to launch credit offering in France  German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is pa… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • First US bitcoin futures start trading at 6PM Eastern Bitcoin is one step closer to becoming a part of the mainstream financial world. Cboe is launching the first US bitcoin futures exchange at 6PM Eastern, giving speculators a chance to bet on the value of the cryptocurrency through a listed (X… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Why is bitcoin’s price so high?  Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Chri… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • 6 red flags of an ICO scam  With exponential growth in public interest, esoteric terminology and a lax regulatory framework, it is no surprise that some ICOs have been used to fund scams and cheat investors of their money. While nothing can compete with quality due diligenc… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • China’s JD partners with accelerator program Plug and Play to reach US startups  E-commerce giant JD.com, the closest rival to Alibaba in China, is broadening its presence in Silicon Valley after it announced a collaboration with accelerator firm Plug and Play to seek out and work with promising U.S. startups. The e-commerce … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe  B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Okta reports earnings, moves headquarters and launches free service for startups  It was a big day for online identity management provider, Okta.  After reporting better-than-expected third-quarter earnings, the company also made a slew of announcements. Okta, which counts corporate clients like Nordstrom and government client… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest  CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles si… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Why America could miss out big time on India’s fintech revolution  There’s an old trope in the West that India is like Indian trains — exotic, lurching and slow. But tropes can be bad as a business strategy — and this trope is causing American companies to miss out on Indian moonshots and trill… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley  This morning, Frederic reported that Intuit has acquired TSheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acq… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • French peer-to-peer payment app Lydia adds Apple Pay support  A peer-to-peer payment app that works similar to Venmo from startup Lydia in France now works with Apple Pay (a feature originally announced in July), making it possible to spend your balance from the app wherever MasterCard and Apple Pay are acc… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Revolut merges mobile banking with cryptocurrency trading  Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies. The $90 million-funded mobile banking startup is trying to erase the divide between o… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • SEC’s new cyber unit takes its first action to halt an initial coin offering ‘scam’  The Securities and Exchange Commission has charged Canadian crypto company PlexCorp with violating securities laws by selling up to $15 million in an initial coin offering (ICO). ICOs have seen explosive growth over the past year as fledgling com… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Target launches its own mobile payments system with debut of ‘Wallet’  As promised earlier, Target today launched its own mobile payments system with the introduction of “Wallet” in the Target app. Wallet, as the name implies, allows Target shoppers in-store to both check out using their smartphone as we… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • So what if bitcoin is another bubble? The dot-com bubble gave us the modern internet  “I get asked a lot… is this another dot-com bubble,” said Mona El Isa, the chief executive and co-founder of Melonport, onstage at TechCrunch Disrupt Berlin. “And, um… my response usually… goes something like&#… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Proof Work aims to decentralize medical data by using the blockchain  Tel Aviv-based Proof Work is envisioning a future where patients own and control their own medical data in a decentralized system, where data is secured by the blockchain. The system, if successful, would be a big disruption to how health care da… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Israeli serial startup stars of blockchain tech return with QEDit, a zero-knowledge proof diligence tool  Leveraging some “mind boggling math” introduced as an update onto the Ethereum blockchain only a few months ago, QEDit is launching its product on our Battlefield stage at TechCrunch Disrupt Berlin. The company, which takes its name f… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Apple’s hand is down and its $1 trillion dream now rests with consumers  As we head into the end of 2017, it’s pretty safe to say that Apple’s fate — barring any major issue with its phones — is now in the hands of its consumers. With the iPhone X now in stores (if you catch them at the right t… Share this:Click to email this to a friend ...
  • Equity podcast: Uber’s big discount, more money for Pokémon, and Jeff Bezos is worth how much?  Hello and welcome back to Equity, TechCrunch’s venture capital-themed podcast where we unpack the numbers behind the headlines. This week Katie Roof and Alex Wilhelm were joined by Heather Hartnett of Human Ventures. It has been a surprisin… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Spot.IM raises $25 million for a better comments section  Social media has become critical to the online publishers. It drives a lot of traffic and helps brands build a following. But it also means that a lot of the engagement happens on another platform, like Twitter or Facebook, instead of the actual … Share this:Click to email this to a friend (Opens in new window)Click ...
  • Yext sees 39% revenue growth in latest quarter  Yext, the company that powers search results for retail locations, reported third-quarter earnings after the bell on Thursday. The New York-based company said it brought in $44.3 million in revenue for the third quarter.This is 39% growth from th… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Lyft gained from Uber’s scandals, sees revenue triple  Lyft appears to have benefited from Uber’s tough year. The U.S. rival has seen its revenue growth more than triple, according to a report from The Information.  The media outlet viewed financial reports, which showed Lyft brought in $483 mi… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • PayPal Cash Wallet: Send Money – PayPal, Inc. Description TAP INTO YOUR MONEY Send money or pay online to almost anywhere in the world in just seconds. Manage all the ways you send, receive, and spend money at a glance – download the PayPal payment app today. SEND MONEY IN SECONDS Transfer money to PayPal account holders in over 100 countries using just their email address or ...
  • Coinbase – Buy Bitcoin & more – Coinbase, Inc. Coinbase is the world’s most popular bitcoin, ethereum, and litecoin wallet. We make it easy to securely buy, use, store, and accept bitcoin, ethereum, and litecoin. Coinbase for iOS has been designed from the ground up to to provide the best possible digital money experience on mobile. More than 10M customers trust Coinbase: – "Slick design and ...
  • Arianna Huffington’s Thrive Global raises $30M so you can work less and sleep more  Arianna Huffington wants you to work smarter, not harder. She believes a corporate mentality that rewards burning the midnight oil is actually reducing productivity, by causing burnout. Lack of sleep could be costing the U.S. economy $411 billion… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Coinbase ordered to turn over data on users trading more than $20,000 to the IRS  Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole Bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coin… Share this:Click to email this to a friend (Opens in new window)Click to share ...