Finance

  • 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

  • This Week On The TechCrunch Bitcoin Podcast: Let’s Play Poker

    This Week On The TechCrunch Bitcoin Podcast: Let’s Play Poker

    Hello friends, and welcome back to another episode of the mostly accurate TechCrunch bitcoin podcast, better known as TCBTC. This week we dig back into the gambling question on the back of some recent news, and then decipher the current growth of Coinbase as a market to buy bitcoin. Also, John Biggs gets some numbers backwards, and Jameson Lopp shows up to show us up. Read More

  • Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06, But Posts Weaker Outlook For Q1

    Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06, But Posts Weaker Outlook For Q1

    Groupon, the daily deals platform that has been making an effort to widen its business into local commerce and more mobile services, appears to be turning is ship around. Today, the company posted Q4 earnings with a 20% rise in Q4 revenues to $925.4 million on non-GAAP EPS of $0.06 and GAAP EPS of $0.01 — results that handily beat analyst estimates. Analysts were expecting revenues… Read More

  • Tesla Q4 Hit By Delivery Shortfall, But Company Expects To Be Back On Track In Q1

    Tesla Q4 Hit By Delivery Shortfall, But Company Expects To Be Back On Track In Q1

    Electric car manufacturer Tesla reported earnings today following the bell, including $1.1 billion in non-GAAP revenue, and an adjusted loss per share of $0.13. On a GAAP basis, using normal accounting methods, Tesla had a wider loss of 86 cents per share, and revenue of $957 million. The company delivered 9,834 cars in the period. In the sequentially preceding third quarter, Tesla delivered… Read More

  • Zendesk Beats In Q4, Predicts Sustained Losses In 2015 On 45-50% Revenue Growth

    Zendesk Beats In Q4, Predicts Sustained Losses In 2015 On 45-50% Revenue Growth

    Today following the bell, Zendesk reported its fourth-quarter performance. The company lost an adjusted $0.11 per share on revenue of $38.5 million. The street had expected the company to lose $0.12 per share on revenue of $36.74 million. The company’s revenue grew 71 percent on a year-over-year basis, leading to an adjusted net income of negative $8 million and, employing normal… Read More

  • Bitcoin Blazes New Trail In Emerging Markets

    Bitcoin Blazes New Trail In Emerging Markets

    While the tech world is busy speculating about bitcoin’s volatile value, cryptocurrency is making arguably its biggest impact in countries where the current price of 1 bitcoin exceeds the average salary earned in a week. Kenya, Uruguay and Panama are just a few of the countries playing host to a growing group of venture-backed bitcoin companies that are using blockchain technology to… Read More

  • TC BTC Podcast: Bitcoin Mining, Coinbase Exchange & Bitcoin Pricing

    This Week On The TechCrunch Bitcoin Podcast: A New Exchange And The World Of Mining

    Today marked a special episode of TCBTC, TechCrunch’s bitcoin podcast, as both John Biggs and myself were in the same city. We crashed the TCTV studio to shoot a video build of our little show. This time around, we dug into Coinbase’s new exchange and what it might mean for the maturation of bitcoin itself, along with a look at a massive bitcoin mining operation that constitutes… Read More