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Posts filtered by tags: Finance[x]


 

Luge Capital raises $85M to invest in Canadian fintech startups

There are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector. Luge Capital, a fintech and AI-focused venture capital fund headquartered in Montreal and Toronto, is looking to close that gap. The firm has raised $85 million for its debut fund and plans to make seed investments as small as $150,000 and as large as $2 million. The relativ...
Tags: Finance, Startups, TC, Venture Capital, Caisse de Depot et Placement du Quebec, Canada, Financial Technology, iNovia Capital, Luge Capital, PayPal, Toronto


Google affiliate begins drone deliveries in Virginia town

Wing, which is owned by Google parent Alphabet, received federal approval earlier this year to make commercial deliveries by drone.
Tags: 0ea8a05e-35da-5c68-b35c-03244605c086, Fox-business/tech, Fox-business/industries, Fbn, Fbn/markets, Article, Associated Press


Where are US fintech’s next billion-dollar startups?

As fintech investments soar to new heights, investors are looking at the bottom and top levels of the services stack to find the next billion-dollar startups. That’s the word from seasoned investors like Andreessen Horowitz’s managing director, Angela Strange, who has invested in a number of successful financial services technology companies. For Strange and Chris Britt, co-founder and chief executive of financial services startup Chime Bank, the best opportunities are in customer-fa...
Tags: TC, Europe, Finance, US, Tech, United Kingdom, Bank, Payments, Andreessen Horowitz, Affirm, CommonBond, Wealthfront, SoFi, Revolut, Kabbage, Transferwise


The great hack: A famous fraudster explains the Equifax data breach

Legendary con-man-turned-FBI-consultant Frank W. Abagnale breaks down the 2017 Equifax data breach.Hackers were able to access the personal data of millions of Americans through faulty software — and they might wait years before using the stolen social security numbers and dates of birth.Abagnale blames Equifax for this oversight. If a company is entrusted with an individual's personal data they need to do a better job of protecting it. "Hackers don't cause breaches, people do," he says. ...
Tags: Security, Programming, Technology, Microsoft, Identity, Finance, Data, Fbi, Software, Innovation, Equifax, Abagnale, Frank W Abagnale


The battle to become the Mexican Nubank just started

Thiago Paiva Contributor Share on Twitter Thiago Paiva is a fintech entrepreneur, writer and investor. He is the co-founder of Liquia Digital Assets, an investment platform for international investments using blockchain technology. More posts by this contributor The emergence of super apps in Latin America Banks in Latin America have long dominated the market as oligopolies, becoming highly profitab...
Tags: Column, Mexico, Finance, US, Tech, Banking, Brazil, Andreessen Horowitz, Latin America, Kaszek Ventures, Nubank, Challenger Banks, Banco Sabadell, Banco, Matin, Klar


Venmo to launch its first credit card in 2020

Venmo announced today its plans to launch its first-ever credit card. The card is being issued partnership with Synchrony, already the issuer behind Venmo parent company PayPal’s Extras Mastercard and Cashback Mastercard, in an expanded relationship. The move is meant to help Venmo, a still unprofitable arm of PayPal’s larger business, generate more revenue. PayPal’s plans in this space were reported in April of this year by The WSJ, which said the company had been taking meetings with variou...
Tags: Finance, Tech, Paypal, Credit, Payments, Credit Card, WSJ, Venmo, Mastercard, Lowe, Dan Schulman, Synchrony, Varo, PayPal s Extras Mastercard, Cashback Mastercard


How to radically change finance through startups at TechCrunch Disrupt Berlin

Fintech has been a very popular area for venture investment, and this is particularly true in Europe. Dozens of high-growth fintech startups have launched over the past decade, from challenger banks and neobanks to new payment services and better ways to save and invest wealth. Embedded finance, or why fintech mega VC rounds have become so common On the Extra Crunch stage at TechCrunch Disrupt Berlin, we wanted to dive deeper into what it takes to build a great fintech startup, and also ra...
Tags: Startups, TC, Europe, Balderton Capital, Finance, Berlin, US, Tech, Fintech, Disrupt, Index Ventures, Delingpole, ASSIA, KYC AML, Disrupt Berlin, Yoni Assia


Netflix's earnings prep for upcoming 'streaming wars' as Disney and Apple plot November launches

The California-based company’s leading position among streaming platforms faces an unprecedented challenge in the coming weeks, with Disney+, Apple+, WarnerMedia’s revamped HBO Max and NBCUniversal’s Peacock all set to launch by the end of 2019.
Tags: Apple, California, Finance, Disney, Article, Netflix, Nbcuniversal, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/industries/media-and-advertising, Thomas Barrabi, Fox-business/organization/netflix, Disney Apple WarnerMedia, Fox-business/tech/digital


This brilliant app waits on hold for you

DoNotPay helps you get out of parking tickets, cancel forgotten subscriptions, and now it can call you when it’s your turn in a customer service phone queue. The app today is launching “Skip Waiting On Hold”. Just type in the company you need to talk to, and DoNotPay calls for you using tricks to get a human on the line quick. Then it calls you back and connects you to the agent so you never have to listen to that annoying hold music. And in case the company tries to jerk you around or screw ...
Tags: Social, Startups, TC, Mobile, Ecommerce, Apps, Putin, Finance, Government, US, Tech, Customer Service, Comcast, DMV, Moscow, Andreessen Horowitz


This app waits on hold for you

DoNotPay helps you get out of parking tickets, cancel forgotten subscriptions, and now it can call you when it’s your turn in a customer service phone queue. The app today is launching “Skip Waiting On Hold”. Just type in the company you need to talk to, and DoNotPay calls for you using tricks to get a human on the line quick. Then it calls you back and connects you to the agent so you never have to listen to that annoying hold music. And in case the company tries to jerk you around or screw ...
Tags: Social, Startups, TC, Mobile, Ecommerce, Apps, Putin, Finance, Government, US, Tech, Customer Service, Comcast, DMV, Moscow, Andreessen Horowitz


Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

When Arianna Huffington stepped down from her role at the Huffington Post to start Thrive Global, she said the goal of her new business was to help a generation “avoid the burnout that all too often comes with success today.” In practice, that has meant creating a business that sells mindfulness and general health and wellness tips and tricks to a cohort of corporations that believe increased mental and physical health can lead to greater on-the-job productivity. Now, Thrive Global is adding ...
Tags: Apple, Startups, TC, Facebook, Video Games, Arianna Huffington, Finance, Los Angeles, Social Media, Neuroscience, Bank Of America, E-commerce, Artificial Intelligence, United States, Digital Media, Machine Learning


Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Brazil. The Brazilian business accounts for nearly 90% of the company’s revenue, but as it expands into other markets the company is also broadening its suite of services. The company moved in...
Tags: Startups, TC, Uber, Finance, Tech, Economy, Colombia, Brazil, Latin America, Shopify, Coursera, New Years Day, Payment, ParanA, Voigt, FTV


Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Brazil. The Brazilian business accounts for nearly 90% of the company’s revenue, but as it expands into other markets the company is also broadening its suite of services. The company moved in...
Tags: Startups, TC, Uber, Finance, Tech, Economy, Colombia, Brazil, Latin America, Shopify, Coursera, Mastercard, New Years Day, Payment, Voigt, FTV


Outer space capitalism: The legal and technical challenges facing the private space industry

The Outer Space Treaty, which was signed in 1967, is the basis of international space law. Its regulations set out what nations can and cannot do, in terms of colonization and enterprise in space. One major stipulation of the treaty is that no nation can individually claim or colonize any part of the universe—when the US planted a flag on the Moon in 1969, it took great pains to ensure the world it was symbolic, not an act of claiming territory.Essentially to do anything in space, as a private e...
Tags: Space, Science, Money, Law, Finance, Future, US, Economics, Mining, United States, Ethics, Capitalism, Moon, Innovation, Planets, Asteroid


Founder’s guide to the pre-IPO secondary market

Ryan Conner Contributor Share on Twitter Ryan Conner is a corporate attorney at Atrium part of the General Counsel Group representing early-stage startups. The increase in activity in the pre-IPO secondary market means that founders, early employees, and investors are receiving liquidity much sooner in a company’s lifecycle than ever before. For most startups and privately held companies, liquidity is often an issue for stockh...
Tags: Startups, TC, Column, Finance, Liquidity, Tech, Venture Capital, Stock, Series A, Atrium, Ryan Conner, Term Sheet, Secondary Market, Secondary Shares, General Counsel Group


Opendoor appoints CFO, CPO

Opendoor has named Gautam Gupta its chief financial officer and chief business offer, critical roles as the business continues to alter the way in which homes are bought and sold. Uber’s former head of finance, Gupta joined the $3.8 billion home-selling platform as its chief operating officer in 2017. The company, which has raised more than $4 billion in debt and equity funding to date, is announcing several new hires this morning. Venrock’s Tom Willerer has joined as the company’s first-ever...
Tags: Amazon, Startups, TC, Uber, Real Estate, Finance, Softbank, San Francisco, Tech, Companies, Netflix, President, Silicon Valley, Hulu, General Atlantic, Jason Kilar


Pegging Libra to just the $ could soothe regulators, a16z says

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one of the remaining members has floated a major change to the stablecoin that could calm concerns that Libra could hurt the world economy by challenging national currencies for supremacy. Last week, venture partner Chris Dixon of Andre...
Tags: TC, Facebook, Ecommerce, Ebay, Finance, Government, US, Tech, Venture Capital, Crypto, Payments, Andreessen Horowitz, Talent, Libra, Cryptocurrency, Blockchain


Brad Feld: what founders need to know about recent changes in VC deal terms

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Connie Loizos hopped on the line with prominent investor, entrepreneur, thought leader, and Techstars co-founder Brad Feld to discuss the latest edition of his book “Venture Deals”, his advice to founders and investors, and his take on hot button issues of the day (including dual-class shares, direct listings, and what happened at...
Tags: Fundings & Exits, Startups, Uber, Finance, Softbank, Funding, San Francisco, Tech, Venture Capital, Brad Feld, Private Equity, Travis Kalanick, Transcript, WeWork, Ben Horowitz, Wiley




Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration

Shares of Africa focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its . The lockup provision prevents major shareholders — namely those who purchased equity pre-public listing — from selling their shares for a specified number of days following the IPO. Jumia’s stock price began Thursday at $7.54, fell to an all-time low of $6.98 by 2pm, and then closed 35 cents down from opening, at $7.19. Jumia’s trading volume on Thursday moved up 19 percent over the da...
Tags: TC, Ecommerce, Money, Finance, Ipo, Africa, Tech, E-commerce, Economy, SEC, Rocket Internet, New York Stock Exchange, Stock, Stock Exchange, Lagos, Nyse


Upgrade, the newest company by Renaud Laplanche, has a new credit card that it swears is good for you

Three years ago, the founder of LendingClub, Renaud Laplanche, took the wraps off his second act, a consumer lending venture called Upgrade that now employs 350 people, has lent roughly $2 billion to 200,000 people, and has raised $142 million from outside investors. At the time, it was jumping into a crowded market that has only become more frenzied, with a growing number of fintech startups that market themselves as more thoughtful alternatives to established banks and traditional credit card ...
Tags: TC, Finance, China, Tech, SEC, Andreessen Horowitz, Max Levchin, KKR, Robinhood, Mastercard, Visa, Klarna, Stockholm Sweden, Fort Lee N J, LendingClub, Renaud Laplanche


Clari snags $60M Series D on valuation of around $500M

Clari uses AI to help companies find key information like the customers most likely to convert, the state of orders in the sales process or the next big sources of revenue. As its revenue management system continues to flourish, the company announced a $60 million Series D investment today. Sapphire Ventures led the round with help from new-comer Madrona Venture Group and existing investors Sequoia Capital, Bain Capital Ventures and Tenaya Capital. Today’s investment brings the total raised t...
Tags: Startups, TC, Cloud, Enterprise, Finance, Funding, Tech, Artificial Intelligence, Madrona Venture Group, Qualtrics, Sapphire Ventures, Byrne, PitchBook, Ingrid Lunden, Sunnyvale CA, Clari


10 Key Issues for Fintech Startup Companies

By Richard D. Harroch and Melissa Guzy Investment in financial technology (“Fintech”) companies is growing dramatically. Global Fintech funding has risen to over $100 billion, fueled by large M&A deals and large rounds of financing. Investment in Fintech companies is expected to continue to grow significantly in the next few years, as such companies offer outsized growth opportunities. Fintech companies encompass a broad landscape of businesses, generally around financial-oriented services and p...
Tags: Google, Amazon, Asia, Hong Kong, Europe, UK, California, Finance, Sales, San Francisco, Eu, European Union, Paypal, United States, Social Security, Venture Capital


Ally Bank Touts High Ratings with Funny Phony Products on Social Media

While consumers will Google for reviews of everyday purchases, they don't check out financial institutions. Online bank tries to change that. The post Ally Bank Touts High Ratings with Funny Phony Products on Social Media appeared first on The Financial Brand.
Tags: Google, Finance, Social Media


Ally Bank Promotes Ratings with Funny Phony Products on Social Media

While consumers will Google for reviews of everyday purchases, they don't check out financial institutions. Online bank tries to change that. The post Ally Bank Promotes Ratings with Funny Phony Products on Social Media appeared first on The Financial Brand.
Tags: Google, Finance, Social Media


10 Key Issues for Fintech Startup Companies

By Richard D. Harroch and Melissa Guzy Investment in financial technology (“Fintech”) companies is growing dramatically. Global Fintech funding has risen to over $100 billion, fueled by large M&A deals and large rounds of financing. Investment in Fintech companies is expected to continue to grow significantly in the next few years, as such companies offer outsized growth opportunities. Fintech companies encompass a broad landscape of businesses, generally around financial-oriented services and p...
Tags: Google, Amazon, Asia, Hong Kong, Europe, UK, California, Finance, Sales, San Francisco, Eu, European Union, Paypal, United States, Social Security, Venture Capital


Report: WeWork expected to cut 500 tech roles

The WeWork saga continues this week with new reports the company may slash as many as 500 tech roles. The co-working business, who’s eccentric co-founder and chief executive officer Adam Neumann stepped down two weeks ago, is expected to let go of 350 employees within its corporate division, The Information reports. Initial cuts will be within the software engineering, product management and data science teams. Another 150 roles may be dissolved as the company looks to sell several assets, in...
Tags: Startups, New York, Workplace, Finance, Ipo, Tech, Venture Capital, The Wall Street Journal, WeWork, Financial Services, Meetup, Software Engineering, Product Management, Conductor, Jpmorgan, Neumann


Dig into the key issues in venture today with investor and Techstars co-founder Brad Feld

Few can hold a candle to Brad Feld’s list of accolades in the startup, tech and venture world. As a multi-time founder of both startups and venture firms alike, Feld is widely known for having co-founded the Techstars accelerator — now a Silicon Valley and startup institution — as well as Foundry Group, the early and growth stage venture fund that has raised nearly $2.5 billion over seven funds, in just over a decade. Feld is equally, if not more, recognized outside of the investing world...
Tags: Startups, TC, Finance, Tech, Venture Capital, Brad Feld, Private Equity, Silicon Valley, WeWork, TechStars, Foundry Group, Brad, Connie, Feld, Connie Loizos, Jason Mendelson


Robinhood revives checking with new debit card & 2% interest

This time it actually has insurance. Zero-fee stock trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the US with the first users to be admitted soon. “If you have $5000 in your account while you’re thinking about what to invest in, you’d have an extra $105 at the end of the year” thanks to Robinhood Cash Man...
Tags: Startups, TC, Mobile, Ecommerce, Apps, Finance, US, Samsung, Tech, ATM, SEC, Payments, Talent, Robinhood, DST Global, Cryptocurrency


Next Insurance raises $250M from Munich Re, becomes a unicorn

Next Insurance, a three-year-old U.S.-based firm that sells insurance products to small businesses, has become the latest unicorn in the nation after bagging $250 million in a new financing round, the startup said today. Germany-based Munich Re, one of the world’s largest reinsurers, alone funded Next Insurance’s Series C round, the two said in a statement. The new financing round valued the three year-year-old startup, which has raised $381 million to date, at over $1 billion, the startup sa...
Tags: Apps, Finance, Germany, Funding, Tech, Munich, Munich Re, Next Insurance, Guy Goldstein, Steve O Hear, Joachim Wenning, Board of Management at Munich Re



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