Finance

  • This Week On The TechCrunch Bitcoin Podcast: Do You Even Invest?

    This Week On The TechCrunch Bitcoin Podcast: Do You Even Invest?

    Hello and welcome back to another episode of TCBTC, TechCrunch’s bitcoin podcast. This time around, myself and John Biggs kick over the news that a new bitcoin-facing investment vehicle is getting itself put together and public. Can it help bitcoin achieve greater price stability over time? Also joining us is Jameson Lopp of BitGo, who broke down the finer technical points of paper… Read More

  • Analyzing Postmates’ Growth

    Analyzing Postmates’ Growth

    Postmates, a startup that allows users to order nearly anything in their city and have it delivered in an hour for a fee, is growing quickly. The company’s CEO, Bastian Lehmann, tweeted out a graph yesterday detailing how quickly the firm has scaled its delivery service. Read More

  • Apple Will Hire Its Contract Security Staff On A Full-Time Basis

    Apple Will Hire Its Contract Security Staff On A Full-Time Basis

    Apple will hire its contract security staff on a full-time basis, a decision that continues a nascent trend of technology giants reducing their use of external labor for non-technical roles. Google made a similar move with its security staff late last year. According to a media report, Apple will bring “the majority” of its contractual security staffers in-house. Read More

  • Wealthfront Now Manages More Than $2 Billion In Client Assets

    Wealthfront Now Manages More Than $2 Billion In Client Assets

    Wealthfront, the automated investment services company that competes with traditional financial advisory behemoths like Fidelity, has today crossed the $2 billion mark in terms of assets managed. The achievement for a company, which one year ago was managing approximately $500 million in client assets, is impressive, and it makes Wealthfront the first in its space to rake in that much… Read More

  • Hello Again, NASDAQ 5,000

    Hello Again, NASDAQ 5,000

    Update: The NASDAQ closed at 5,008.10, up 0.9 percent on the day. That the index closed over the 5,000 mark is even more interesting that it managed to break the level during intraday trading.  The NASDAQ Composite index, a barometer of sorts of the technology industry, traded north of the 5,000 mark today. It was the first time the Composite had traded at that level since the late 90s… Read More

  • Ingenico Has A Square-Style Dongle That Can Be Used For NFC Tech Like Apple Pay

    Ingenico Has A Square-Style Dongle That Can Be Used For NFC Tech Like Apple Pay

    Payments is one of those chicken and egg scenarios. Consumers want to see a use case (participating merchants) before they adopt, yet merchants want to know that customers are actually using this stuff before they invest. Apple Pay has, by all accounts, significantly broadened adoption of NFC payments, and now a solution opening it up to large numbers of merchants could be on the horizon. Read More

  • Two Semiconductor Companies You Haven’t Heard Of Are Merging In A $40B Deal

    Two Semiconductor Companies You Haven’t Heard Of Are Merging In A $40B Deal

    What is worth $40 billion, and isn’t Uber? The union of NXP Semiconductors, and Freescale Semiconductor. The two companies announced a “definitive agreement” today that will see Freescale shareholders pick up 0.3521 NXP shares and $6.26 in cash for each of their current shares. Freescale is known for its work in embedded chips, its website noting a focus on the Internet… Read More

  • This Week On The TechCrunch Bitcoin Podcast: Blockchain Or Bitcoin?

    This Week On The TechCrunch Bitcoin Podcast: Blockchain Or Bitcoin?

    Hello and welcome back to another edition of TCBTC, TechCrunch’s very own bitcoin podcast hosted by your humble servant and John Biggs. This week week we chewed over the importance of both bitcoin and the blockchain, and how they are more linked than some people seem to wish. You can’t mine for free after all. Read More

  • Apple Took 89% Of Q4 Smartphone Profits With Android OEMs In A Race To The Bottom

    Apple Took 89% Of Q4 Smartphone Profits With Android OEMs In A Race To The Bottom

    Google’s Android has gobbled up market share world wide, now accounting for over 80% of all smartphone shipped globally. But when it comes to actually making money, Apple is eating all the profits as it continues its focus on premium devices. Today Strategy Analytics said that Apple in Q4 last year accounted for 89% of all smartphone profits, equating to $18.8 billion, with… Read More

  • Disgraced Payday Lender Wonga Sells SMB Business To Orange Money, Cuts 325 Jobs

    Disgraced Payday Lender Wonga Sells SMB Business To Orange Money, Cuts 325 Jobs

    More unravelling for Wonga, the UK-based online lender that last year had to write down £220 million ($340 million) in unpaid loans. The company announced today that it would lay off 325 staff, and it has also sold Everline, its small-business lending arm, to Orange Money (trading as Ezbob). On top of that, former Wonga chairman Robin Klein of Index Ventures has stepped down from the board… Read More

  • Egnyte CEO Vineet Jain Talks IPO

    Egnyte’s CEO Vineet Jain Talks Storage Wars And The IPO Market

    The IPO window is open, which means that companies of all sorts are hitting go and launching their firms into the arms of the public. Among the most interesting companies likely to go public inside the next two years is Egnyte, which I have been covering for a few years now. Egnyte has been willing to share more of its plans and financial performance than most companies, making it something… Read More

  • Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication

    Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication

    The company’s backers include a who’s who of Wall Street financial companies: Bank of America Merrill Lynch, BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo. Last fall, these companies contributed $66M to finance Symphony, and using that money, purchased Perzo, a… Read More

  • The New Rules Of Going Public

    The New Rules Of Going Public

    According to a recent report, Twilio wants to go public. Twilio, a company that provides software-based communications tools for developers, closed out 2014 on a $100 million annual run rate. Or, put another way, Twilio brought in just over $8 million in top line last December. Box, New Relic and Hortonworks each recently proved that the IPO window is open and that investors have an appetite… Read More

  • RapidMiner Picks Up $15M More To Scale Its ‘Business Source’ Data Analytics Service

    RapidMiner Picks Up $15M More To Scale Its ‘Business Source’ Data Analytics Service

    This week, RapidMiner announced that it has raised a $15 million Series B round of capital. The company had previously raised a total of $5 million, bringing its total capital tally to $20 million. The round was co-led by Ascent Venture Partners and Longworth Venture Partners. RapidMiner, headquartered in Cambridge, Mass., provides what it describes as “code-free” analytics tools. Read More

  • SkyGiraffe Raises $3M More To Help Companies Build Mobile Apps

    SkyGiraffe Raises $3M More To Help Companies Build Mobile Apps

    SkyGiraffe, a startup that helps companies quickly build and deploy apps, has raised a $3 million Series A round of capital, led by Trilogy Equity Partners. Prior investor 500 Startups participated in the capital event. Trilogy, unsurprisingly, picked a board seat as part of the round. The market that SkyGiraffe focused on, custom apps for businesses, is a hot space at the moment. Earlier… Read More

  • Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor

    Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor

    Samsung has acquired LoopPay, the companies announced today. The acquisition confirms earlier rumors that suggested the two were working closely together on an upcoming project, and suggests Samsung could make use of LoopPay’s technology to offer is own Apple Pay competitor on future devices. LoopPay even advertises its solution as an alternative to Apple Pay for non-Apple device makers… Read More

  • K2 Picks Up More Than $100M To Fuel Its Growth

    K2 Picks Up More Than $100M To Fuel Its Growth

    K2, a company that helps companies build business apps, has raised more than $100 million from Francisco Partners in a Series C round of capital. The Bellevue-based firm previously raised $16 million in 2006. Francisco will pick up two board seats as part of the deal. As a firm, K2 has seen quick growth in recent years. The company told TechCrunch that its subscription revenue has grown… Read More

  • WorldRemit Raises $100M To Take On Western Union In Money Transfers

    WorldRemit Raises $100M To Take On Western Union In Money Transfers

    WorldRemit, a UK-based startup that is going after the Western Unions and MoneyGrams of the world with a commission-beating online and mobile remittance service, has raised another $100 million — funding that it will use to continue building out its service globally, and specifically in the U.S., where it has laid down roots in Denver. The funding comes from new investor Technology… Read More

  • YC-Backed Seed Wants To Reinvent Business Banking

    YC-Backed Seed Wants To Reinvent Business Banking

    Seed thinks that business banking is opaque, expensive, and behind the times. The company, which is part of the Winter 2015 Y Combinator class, wants to shake up banking, bring it into the API era, and rip out unnecessary fees to make it, according to its CEO Brian Merritt, as “easy as possible to start and manage a business.” Read More

  • Startups, Late-Stage Valuations, And Bull

    Startups, Late-Stage Valuations, And Bull

    Bill Gurley, a general partner at Benchmark, makes news mostly because he says what other venture capitalists will tell you while drunk, but does so while on the record. It’s refreshing in a way. Most recently, Gurley made the point that the tech and investment industries are shoving nine and ten-figure sums of cash into startups while not enjoying a full dig into their financials. In… Read More

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