Finance

  • Experimenting With Virtual Reality, Financial Services Enter The Matrix Crunch Network

    Experimenting With Virtual Reality, Financial Services Enter The Matrix

    “You take the blue pill –- the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill -– you stay in Wonderland and I show you how deep the rabbit hole goes.” Morpheus and The Matrix introduced virtual reality (VR) to a mass audience, and the technology — once largely the domain of the entertainment industry — is… Read More

  • Your Bank Should Be More Like Your Waiter And Less Like Your Landlord Crunch Network

    Your Bank Should Be More Like Your Waiter And Less Like Your Landlord

    The financial services industry in America is locked into a business model of exploitation. For far too long, this has gone largely unchecked and unquestioned, even when advances in technology mean it doesn’t have to be so. Read More

  • So You Want To Build A Full Stack Startup In Fintech? Crunch Network

    So You Want To Build A Full Stack Startup In Fintech?

    A recent article in The Economist noted that fintech is “arguably the hottest spot in a bubbly funding environment for startups.” For the last few years, investors have dumped remarkable amounts of money into fintech startups. From payments to lending and investing, these smaller companies have caught the attention of industry incumbents, who have also been pouring money into these… Read More

  • Let’s Impair That Goodwill, Part 2

    Let’s Impair That Goodwill, Part 2

    Microsoft fired a number of executives today, including Stephen Elop, an executive that returned to the company following a tenure as Nokia’s CEO. Elop made his way back to Redmond after Microsoft bought the majority of Nokia’s hardware assets. And thus did Microsoft’s phone chickens come home to roost, and temporarily impair the company’s earnings per share. Read More

  • Doctor On Demand Pulls In $50 Million To Continue Expansion Of Its Virtual Doctor Visit Platform

    Doctor On Demand Pulls In $50 Million To Continue Expansion Of Its Virtual Doctor Visit Platform

    Telemedicine startup Doctor on Demand announced that it has raised $50 million in Series B funding and signed its 200th employer customer today. The funding will be used to continue to grow the service as well as sign up new partnerships. Doctor on Demand provides customers one-on-one sessions with physicians either through and individual account or through employer partnerships such as… Read More

  • The Next Fintech Sandbox Crunch Network

    The Next Fintech Sandbox

    It’s a new day for how we interact with money. You can pay for your morning latte without reaching for a credit card, let alone cash. Most of the recent buzz around financial technology focuses on power players such as Square and Venmo — fintech products that allow users to accept payments or exchange money easily, smoothing the pain points of everyday commerce. Read More

  • Money Transfer Startup Azimo Raises $20M At A $100M Valuation

    Money Transfer Startup Azimo Raises $20M At A $100M Valuation

    Azimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. While Azimo — which was… Read More

  • Will Bitcoin Finally Bring Down The House Of Medici? Crunch Network

    Will Bitcoin Finally Bring Down The House Of Medici?

    In the 14th century, the Medici Family used the power of their newly-invented double-entry accounting system to build a cross-border banking empire that banks still use today. Now more than six hundred years later, cross-border payments total more than $22 trillion. These transactions are essential to conducting international business, and increasingly important as global commerce continues… Read More

  • Former Kleiner Kid Matt Murphy Heads To Menlo Ventures

    Former Kleiner Kid Matt Murphy Heads To Menlo Ventures

    Matt Murphy, formerly of Kleiner Perkins, is joining Menlo Ventures. The latter firm is currently investing a new $400 million fund. Murphy led Kleiner’s investment into Aerohive Networks, which is currently public, and has been involved with Egnyte, a firm that is looking to go public next year. Kleiner has become best known recently for gender bias suit filed by former denizen… Read More

  • Why Has “Social” Failed In Fintech? Crunch Network

    Why Has “Social” Failed In Fintech?

    Finance is littered with the graves of startups that have tried to do social. Remember, Kaching, Cake Financial, Robinhood.io? Everyone has failed. But this has not deterred a new crop of fintech entrepreneurs from throwing their hats into the ring. Venture capitalists again are pouring money into these startups. And it is likely to end in tears. Read More

  • Apple Pay Is Coming To The U.K. Next Month

    Apple Pay Is Coming To The U.K. Next Month

    Apple announced at WWDC that Apple Pay is coming to the U.K. as soon as next month. “We will launch with eight of the most popular banks, more coming this fall,” Jennifer Bailey said. As expected, the feature should work in a lot of stores as soon as it’s available. For instance, you’ll be able to use Apple Pay in London’s subway system. There are a few new… Read More

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