Finance

 

  • Winter Is (Probably) Coming (Soon)

    Winter Is (Probably) Coming (Soon)

    That’s the gist of a recent interview that venture capitalist Bill Gurley gave. His words matter because they cut to the simple fact that too many companies are burning too much money. Making money is better than losing money, but losing money — burn — can be the prudent and responsible thing to do. Under certain circumstances, it’s great to burn: If you are quickly… Read More

  • Before $100 Million Raise, Square Was In Talks With Apple

    Before $100 Million Raise, Square Was In Talks With Apple

    According to a filing obtained by VCExperts, Square has raised another $100 million in capital. The company authorized 6.4 million Series E shares, according to the document, at a per-share price of $15.46. Square has raised incredible amounts of money. The company has raised hundreds of millions of dollars, has a nine-figure credit line and, now, a fresh $100 million traunch to use. The… Read More

  • Bitcoin Wallet And Platform Coinbase Opens To Europe

    Bitcoin Wallet And Platform Coinbase Opens To Europe

    In a really big deal for San Francisco-based Coinbase, one of the world’s leading Bitcoin wallets and merchant processing platforms, the startup is opening its doors to European customers in 13 countries. This will be its long-awaited first foray outside of the U.S. The company is one of the biggest Bitcoin wallets in the world with 1.6 million customers, 36,000 merchants including… Read More

  • Twitter To Raise Up To $1.5B In Debt Offering

    Twitter To Raise Up To $1.5B In Debt Offering

    Twitter wants more cash. The company announced two $650 million debt offerings in a filing today, each with a potential $100 increase provided that the sales are oversubscribed. Assuming full tip, including the $100 million boosters, Twitter will raise up to $1.5 billion with the two offerings. Half the debt will be due in 2019, and the other half in 2021. The company famously raised… Read More

  • Self Lender Wants To Help People Build And Repair Their Credit

    Self Lender Wants To Help People Build And Repair Their Credit

    The credit system in America isn’t great. It’s hard for people to establish and rehabilitate their standing inside of it. Today at the Disrupt Startup Battlefield, Self Lender launched its consumer finance service to help people with limited credit history build credit, as well as assist people with weaker credit profiles boost their scores. Read More

  • Gem Is A Bitcoin API To Seamlessly Build Bitcoin Services With Bank-Grade Security

    Gem Is A Bitcoin API To Seamlessly Build Bitcoin Services With Bank-Grade Security

    Meet Gem, a new bitcoin startup with a different take and a focus on developer tools. Gem provides a highly available, scalable API for bitcoin developers to abstract the bitcoin storing layer. In other words, Gem will store, encrypt and backup your users’ bitcoins so you don’t have to take care of this cumbersome aspect. The startup is launching today in private beta at… Read More

  • PayPal’s Braintree Embraces Bitcoin, One-Touch Payments

    PayPal’s Braintree Embraces Bitcoin, One-Touch Payments

    Nearly a year after PayPal acquired it in an all-cash $800 million deal, online and mobile payments platform Braintree is unveiling one-touch payments and is integrating Bitcoin. Bill Ready, who led the company through its sale, says that mobile conversion rates are still far off from where they are on the desktop web. That’s partially because it’s a lot more tedious to enter… Read More

  • Fantasy Bit League Presents | Disrupt SF 2014 Hackathon

    Fantasy Bit League Wants You To Bet Bitcoin On Football

    On stage this morning at the Disrupt SF 2014 hackathon, Fantasy Bit League pitched its creation: A way to wager bitcoin in your fantasy football league. As it turns out, betting on fantasy football is legal in every state in the U.S. Apparently it’s considered a game of skill, and not chance. Think of it as more like poker than blackjack, if you will. Read More

  • Alibaba Proposes To Go Public For As Much as $66 Per Share, Valuing The Firm At More Than $160B

    Alibaba Proposes To Go Public For As Much as $66 Per Share, Valuing The Firm At More Than $160B

    Alibaba, the Chinese e-commerce giant run by Jack Ma, has submitted F-1 paperwork to the SEC with the expectation that it will go public on September 8 under the NYSE symbol BABA. The filing appeared on SEC.gov today. 20.1 million shares will be on offer. Japanese investor Softbank currently owns 34 percent of the company while Yahoo owns 22 percent. The initial price is expected to hit at… Read More

  • KnCMiner Raises $14 Million To Take Bitcoin Mining To The Moon

    KnCMiner Raises $14 Million To Take Bitcoin Mining To The Moon

    Swedish maker of bitcoin miners, KnCMiner, has announced a $14 million Series A to help build out new mining chips along with hosted mining services. Founded by Sam Cole and Andreas Kenner, the company raised with GP Bullhound advising. Creandum led the round. “The funding will enable KnCMiner to expand its mining operations and ability to offer services to consumers in relation to… Read More

  • Symphony Commerce Raises $21.5M To Build Out Its Commerce-As-A-Service Toolset

    Symphony Commerce Raises $21.5M To Build Out Its Commerce-As-A-Service Toolset

    Symphony Commerce has raised a $21.5 million Series B round of capital, led by CRV, and participated in by Bain Capital, and FirstMark Capital. Previously, Symphony raised a $12.2 million Series A round of funding. Both Bain and FirstMark took part in that prior funding event. Read More

  • Zappos-Style Fashion Portal Zalando To File For $657M IPO In Frankfurt In 2014

    Zappos-Style Fashion Portal Zalando To File For $657M IPO In Frankfurt In 2014

    Rocket Internet, the Berlin-based global e-commerce incubator, is widely believed to be preparing to go public, but in the meantime, Zalando, a Zappos-style European fashion portal with 13.5 million active customers that Rocket nudged out of the nest around a year ago, is now spelling out its own IPO intentions. The German company will list in Frankfurt sometime this year, and it will… Read More

  • GuiaBolso Brings Mint-style Financial Management To Brazil

    GuiaBolso Brings Mint-style Financial Management To Brazil

    In August a new, homegrown entry raced onto Brazil’s top 10 most downloaded apps. It’s a list usually cluttered by American-made social media, music and gaming apps; but GuiaBolso, a Mint-style personal finance app joined the App Store on July 2 when Brazil was mid-way through a month-long World Cup paralysis and passed Tinder, Facebook and even Whatsapp over the last month to… Read More

  • Broad Range Of Public Tech Firms Trade For Record Prices

    Broad Range Of Public Tech Firms Trade For Record Prices

    All the talk of a bubble isn’t slowing down public interest in technology shares. Today, Apple, TubeMogul and Arista Networks set new record highs. TubeMogul and Arista both recently went public. Other firms, like Microsoft are trading near local maximums. MobileIron set an all-time high yesterday, managed a new intra-day high today, and is up strongly in the past few trading sessions. Read More

  • LendingClub Files For $500M IPO

    LendingClub Files For $500M IPO

    LendingClub, a company that provides an online loan marketplace, filed today to go public. According to its S-1 document, the company intends to raise up to $500 million in its flotation. LendingClub, as with many technology companies currently seeking the public markets, has quickly growing revenues but isn’t profitable. Read More

  • Snapdeal Gets Backing From Tata Figurehead In India’s Hot E-Commerce Market

    Snapdeal Gets Backing From Tata Figurehead In India’s Hot E-Commerce Market

    On the heels of Flipkart raising an eye-popping $1 billion, here’s one more sign of the landgrab going on in the Indian e-commerce market today. Its rival Snapdeal has raised yet more outside investment, for the third time this year, this time from Ratan Tata, the chairman emeritus of Indian conglomerate Tata Group. The amount is undisclosed but we are trying to find out (and will… Read More

  • Acorns Is A Micro-Investment App That Does All The Thinking For You

    Acorns Is A Micro-Investment App That Does All The Thinking For You

    Investing for the future can be hard for a twenty-something. With restrictions like minimum account balances and commission fees that make it uneconomical to invest a few hundred bucks at a time, investing can almost feel impossible. Until today. Acorns is officially launching on the App Store to help anyone invest right from their smartphone. Read More

  • Funding Circle Buys LeapPay To Get A Jump On Loan Approval Times

    Funding Circle Buys LeapPay To Get A Jump On Loan Approval Times

    Funding Circle, UK-based the peer-to-peer loans platform that recently raised $65 million for a platform that bypasses banks and lets small businesses connect with individuals for funding, is putting some of that funding to use. It has acquired a semi-stealth startup called LeapPay to speed up the turnaround time it offers on loans, and also to keep expanding its business in the U.S. Read More

  • With Money Tight, HubSpot Looks To Tap Public Markets

    With Money Tight, HubSpot Looks To Tap Public Markets

    With $7.3 million in cash on hand, and losses of $17.77 million in the first half of 2014, HubSpot has filed to go public. HubSpot’s slim cash load and expanding losses — the firm had a deficit attributable to common shareholders of $16.37 million in the first six months of 2013 — are contravened by its rising revenues: HubSpot had revenue of $51.27 million during the first… Read More

  • MobileIron Pops Following Positive Analyst Note

    MobileIron Pops Following Positive Analyst Note

    MobileIron, a recently public tech company that still loses money, is spiking today after Deutsche Bank reiterated a buy rating on its shares. The company, which focuses on mobile device management, according to the bank, should benefit from a boost stemming from companies moving off of BlackBerry. BlackBerry, a long-suffering mobile brand, could take a dent if Apple boosts… Read More