Bank

  • Spare5 Raises $10M Series A Round For Its Mobile Mechanical Turk Service

    Spare5 Raises $10M Series A Round For Its Mobile Mechanical Turk Service

    Spare5 lets businesses outsource menial tasks like tagging and describing images, cleaning up data and classifying content to smartphone users who want to earn a few cents while standing at the bus station. It’s basically a mobile-centric version of Amazon’s Mechanical Turk and it now has another $10 million in the bank thanks to a Series A funding round led by Foundry Group… Read More

  • Capital One Acquires Oakland-Based Design And Development Firm Monsoon

    Capital One Acquires Oakland-Based Design And Development Firm Monsoon

    Capital One has now made another acquisition aimed at improving its product design capabilities with today’s announcement that it has bought Oakland, California-based Monsoon, a design studio, development shop, marketing house and strategic consultancy. The 40-person Oakland team, which has done work developing apps and sites for companies like Yammer, Zazzle, the NBA, HP, Cisco… 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

  • Rumor Has It That Pebble Is On The Rocks Even With $18 Million In The Bank

    Rumor Has It That Pebble Is On The Rocks Even With $18 Million In The Bank

    Smartwatch maker Pebble seems to be in some trouble. According to sources close to the company, the company is having trouble maintaining its growth and has turned to a Silicon Valley bank for a $5 million loan and $5 million line of credit. Valley VCs have been turning down the company’s requests for new capital. Pebble CEO Eric Migicovsky offered no comment. The company, which… Read More

  • Securing A Huge Growth Round Crunch Network

    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 Crunch Network

    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