Bank

  • Securing A Huge Growth Round

    Securing A Huge Growth Round

    Pitching VCs is a serious challenge at any stage, but asking for a $30-60 million check is usually the sale of a founder’s life. Convincing an investor to accept a valuation that most normal people think you’d deserve in a year’s time (at best) piles on the challenge. I’ve recently been working with a few of our portfolio companies on these kinds of deals and wanted… Read More

  • No Traditional Financial Institutions? No Problem

    No Traditional Financial Institutions? No Problem

    On Lending Club’s February 2015 quarterly earnings call, an analyst asked CEO Renaud Laplanche a simple question: have you considered getting the loans you’re issuing rated? Renaud had a simple answer: We have, but we won’t. As Renaud said, the marketplace lending platform’s loan grading system, which it illustrates on its website, is in many ways more transparent and… Read More

  • Online Banking Service Simple Just Made Bank Transfers Faster

    Online Banking Service Simple Just Made Bank Transfers Faster

    Simple, the online banking service acquired by BBVA earlier this year, had an overall goal of addressing the various pain points found at traditional banks, like minimum balance requirements, fees, overdraft charges, and more. Today, the company is making another improvement as it’s introducing a way to speed up bank transfers between Simple and accounts you hold at other… Read More

  • An End To Bank-related Phishing

    There’s no doubt that phishing has become a huge problem. If you legitimately bank online, use Paypal, or have an eBay account, it’s beyond my comprehension how you manage to tell the real e-mails and fake e-mails apart. But Mikko over at F-Secure has what seems like a foolproof plan to counter bank-related phishing scammers. Make a new top level domain called .bank. This new… Read More

  • Bow to Your New Banking Robotic Master

    We love robots. We really do. And we don’t just say that so that our asses are covered when we’re forced to serve mechanical overlords—we’re saying it from years of experience with Transformers. Robots can be helpful, like this Talking Robot Bank from Sharper Image. This robotic assistant is a piggy bank that features the grim visage of a destructive droid that… Read More