Piggy-backing on the recent launch (and massive funding) of SoFi, a new startup is launching today that wants to breathe some fresh air into the broken, complex and mollasses-slow student loan system.
New York City-based CommonBond aims to bring the power of crowdsourcing to bear on student debt by connecting student borrowers and alumni investors and offering loans at a lower fixed rate than… → Read More
Y Combinator-backed financial service ReadyForZero, which focuses on helping Americans pay down their $2.5 trillion in personal debt, is expanding its feature set today to include online payments. The new addition, a part of ReadyForZero Plus, will detect when you have new deposits in your bank account, and will then immediately advise you how to spend that money to more quickly pay off your… → Read More
YC alum ReadyForZero, an online financial service that’s trying to get people out of debt faster, is today expanding to mobile with the launch of its first mobile app. For now, the experience is designed mainly to give you at-a-glance insight into your current debt situation. However, the mobile app also uses iOS push notifications to alert you to large purchases and payments which could impact… → Read More
ReadyForZero, an online financial service (and YC alum) focused on addressing a real need – getting people out of debt faster – appears to be working. The company, which is now reporting 13% month-over-month growth, says its users have paid off $12.5 million in debt to date, out of the nearly $200 million worth of debt managed by the service. That number has been growing quickly, too. Just a few… → Read More
Y Combinator alum ReadyForZero is rolling out an upgrade to its debt management service today, with new features that will now allow its users to centralize and manage more of their debt using its online application. Previously, the company was focused only on reducing consumers’ credit card debt. Now it’s adding support for mortgages, auto loans and student loans, too. → Read More
As Nextel continues to hemorrhage customers, Sprint is still trying to push it (and the accumulated debts) on someone else. According to the WSJ, they’ve received a handful of inquiries as of late. Amongst those said to be interested are Latin American iDEN carrier NII, and private equity firm Cerberus Capital Management. Just three years ago, Sprint snapped up Nextel for $35 billion. Now a… → Read More
Had no idea Danger was in the hole $7.2 million. Most of us know Danger through the T-Mobile Sidekick brand, which utilizes the Palo Alto-based company’s software-as-service for data and Internet, but they make a few extra bucks for themselves in Europe and OZ with the hiptop brand. At the end of their fiscal year on September 30, Danger reported a loss of $28 million. The previous… → Read More
Amp’d Mobile is most likely shutting down today, July 31, and a list of assets for sale shows where the $360 million in VC went that caused the MVNO to file for Chapter 11. Of course, there’s the additional $100 million Amp’d owes Verizon, but that’s beside the point. It seems a big chunk of change went towards the production of porn, which is prevalent when zooming through the Amp’d… → Read More
With Amp’d Mobile filing for Chapter 11 protection and owing Verizon a lot of cash, things in the future could not get any worse for the dying MVNO. But I suppose Verizon threatening to shut off your network, effectively slowing your business to a grinding halt, is a bit worse. Verizon recently asked Amp’d to cough up $4.5 million within 10 days or face a shut off. When your company… → Read More
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