Because there are so many small businesses out there on Main Street that don’t have access to the same juicy venture capital rounds that seem pervade today’s tech industry, On Deck set out in 2007 to provide mom-and-pop business owners with an easy way to secure the capital they need to grow their businesses. Using data aggregation and electronic payment technology, On Deck aims to simplify the… → Read More
Toronto-based Wave, the online finance software startup that has built a growing business around a freemium model of cloud-based accounting, is launching its new iOS payroll application today. The tool is a companion to the company’s web-based payroll platform, adding a much-needed mobile element to the overall product suite and building on the recent launch of the receipt scanner applications the… → Read More
Conventional wisdom has it that Apple has reached its peak and can only disappoint from now on. Yet, many financial facts don’t make sense. The market is too harsh with Apple compared to its competitors. But when it comes to products, there is an unsettling detail: there was no product release during fiscal Q2 2013. While Apple is certainly not doomed, its future looks gloomy. That’s… → Read More
Credit Karma, the free online credit monitoring startup founded back in 2008, is today announcing $30 million in Series B financing, in a round led by new investors Ribbit Capital and Susquehanna Growth Equity, with participation from existing investor Felicis Ventures. The company has now grown its user base to 10 million, and increased revenue by over 4,000 percent since its Series A in 2009. In… → Read More
Compared to the glut of young tech startups that have popped up in the financial services space over the last several years, Yodlee is a veteran. Founded in 1999, the company got its start by developing technology to make the back-end aggregation of banking data more efficient and secure, leading to the birth of companies like Mint.com, which went on to be acquired by Intuit. Now, with more than… → Read More
Shortly after market opening, Tesla shares (NASDAQ:TSLA) dropped 9.68 percent to 34.81 in the wake of yesterday’s earnings. The company disappointed investors as it reported a quarterly loss of $89.9 million, or 79 cents a share, compared with a loss of $81.5 million last year, or 78 cents a share. → Read More
TrustEgg, a Y Combinator-backed startup which lets parents set up trusts for their children is actually launching. That’s a milestone in and of itself, because, as a financial services company, it had been facing a lot of regulatory hurdles. The company has also recovered from the loss of its first co-founder, Gabe Krambs, who left CEO Jeff Brice to take a job that paid the bills. It has since… → Read More
Facebook announced in an SEC filing that founder and CEO Mark Zuckerberg now owns 29.3 percent of Facebook shares (NASDAQ:FB), up from a 28.2 percent stake on the day of the IPO. With 632.7 million shares currently trading at $28.50, it represents a bit more than $18 billion. → Read More
Intuit’s Mint has one less competitor now. Adaptu, a Portland-based startup that positioned its mobile wallet as an alternative to Mint, is closing its doors. The company announced the change via its website and in emails to its subscriber base. According to the company, the decision was made because Adaptu didn’t want to have to transition away from its free model in order to remain in… → Read More
BillFloat, a San Francisco-based startup that helps consumers pay their monthly service bills and avoid those pesky late fees and overdraft charges, announced today that it raised $21 million in new funding from Investor Growth Capital (IGC), with participation from Bronze Investments and previous investors Venrock, FirstRound Capital and Baseline Ventures. The new round brings the company’s total… → Read More
Host Analytics has raised $17 million in a Series D round to expand its enterprise performance management technology. All of the existing investors participated in the round, including Advanced Technology Ventures, Trident Capital, StarVest Partners and Next World Capital. The funding brings Host Analytics total investment to $40.7 million. → Read More
Like Scrooge after discovering the True Spirit Of Christmas, AOL is offering a shiny half-crown (worth $1,056) to the little boy (its employees) as thanks for bringing the prize Turkey from the Poulterer’s this holiday. The $1,000 cash bonus is a celebration of the company’s $1.056 billion patent sale it made earlier this year. I rarely, if ever, comment on internal AOL stuff but this… → Read More
Citigroup took a big hit yesterday, as its new CEO Michael Corbat announced the company’s intention to lay off 11,000 employees and “pull back in emerging markets” in an effort to cut costs amidst challenging times for big banks. According to Bloomberg, this represents a 4.2 percent reduction of Citi’s total workforce and hits hardest in trading, investment banking and transaction services groups… → Read More
Back in July, collaborative code repository GitHub raised a whopping $100 million from Andreessen Horowitz to build out an enterprise version of the service, among other things. Up until now, it’s been in need of someone to help the co-founders manage that cash and keep the fiscal ship from any nearby cliffs. Today, via blog post, GitHub CEO and co-founder Tom Preston-Werner announced that the… → Read More
Today, Facebook shares (NASDAQ:FB) have jumped 5.28 percent, closing at 24.32. In fact, it represents a four-month high for Facebook, as shares have not traded at this level since the first lockup expirations. Last Wednesday, Facebook experienced its biggest lockup expiration. To everyone’s surprise, shares popped more than 10 percent in a few minutes. Today confirms that the worst has passed. → Read More
As promised last month, LearnVest, a startup which recently expanded its focus from teaching women to become more financially savvy to teaching entire households to so, is now available on mobile. Today, the company is officially debuting its iOS application in the App Store, which will allow users to sign up, budget, set goals, track their cash flow and more. → 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
LearnVest, a TechCrunch50 startup originally aimed at teaching women to become more financially savvy when it debuted back in 2009, has come a long way in the years since. Following its $19 million Series C from Accel and others last July, the company has expanded its focus to be more inclusive. It’s no longer just for women – it’s now for anyone who normally couldn’t afford access to a financial… → Read More
TrustEgg, the Y Combinator-backed startup which will allow anyone to set up a trust for their children without expensive legal fees or detailed financial know-how, is finally moving towards launch by opening up access to their beta list today. The startup, like many of those in the financial services space, has faced a number of regulatory hurdles which has caused slowdowns, as well as the loss of… → Read More
HelloWallet, the self-described Mint competitor which closed a $12 million Series B earlier this year, is now bringing its personal finance service to a second mobile platform: Android. Previously, available for web and iOS, the Android app will deliver the same sort of features iPhone users have access to, including budget details and the ability to view your cash balance, as well as… → Read More
Personal finance service (and TechCrunch Disrupt alum) Credit Sesame has just secured $12 million in Series C funding. The round was led by Globespan Capital Partners, and included participation from Credit Sesame’s existing investors, Menlo Ventures and Inventus Capital.
The financing will help the company continue its product development and market reach, CEO Adrian Nazari tells us, and in… → 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
Simple (formerly known as BankSimple), the startup with $13.1 million in funding to build a better banking experience for customers, has today introduced its first mobile application, surprisingly ahead of its public launch. Operating in private beta/invite-only mode for now, co-founder Joshua Reich says that anyone with a Simple account can now use the app, which had been limited to TestFlight… → Read More
Betterment, the better investment app, launched at Disrupt in 2010 and went on to manage approximately $50 million in two years.
The site is essentially an investment engine. Seamless automatic deposits ensure that you drag cash over to your investment account every month and the UI is clean, readable, and eminently simple – a gauge tells you how much you’re investing in various buckets of… → Read More
NYC-based financial services startup for families, Tykoon, is exiting its private beta and is launching its first mobile app for iPhone. The company, which aims to change the ways kids think about and use money, is more that your typical allowance tracker application – it’s a platform for earning, saving, giving and spending, the latter which includes kid-friendly access to a curated and… → Read More
Citing poor sales of the Nintendo 3DS and “the stronger yen against the euro was also another reason,” Nintendo posted its first-ever loss – $534.6 million on revenue of $8 billion. This is down from $12.6 billion in revenue last year with $960 million in profit.
But, as they say, it’s dangerous to invest alone. Here, take this: the company is predicting a profit of $429 million next year. → Read More
To say Wall Street currently suffers from a deficit of trust would be an understatement. In the last few years alone, the government had to bail out Wall Street to the tune of $700 billion, Madoff and Stanford bilked investors of billions, and ex-Goldman executive Greg Smith’s damning op-ed in the New York Times gave everyday people a glimpse into Wall Street’s profits over people mentality. → Read More
Today, a company called BodeTree is launching a new web-based solution to help small business owners make better sense of their financial data. Like another new startup in the SMB realm (that being InvoiceASAP), BodeTree is also leveraging QuickBooks to help import data into its service, but instead of focusing on online invoicing and payments, BodeTree wants to provide business owners with a… → Read More
A few years ago, we saw a wave of startups (such as Cake Financial and Covestor) that tried to reinvent the way people made financial decisions, usually by adding social features or more data and analytics. Now elements of that approach are coming to India with the launch of ET Speed.
The site was created by Times Internet Limited, the online arm of India’s Times Group. As the name suggests… → Read More
Editor’s Note: Guest contributor and early TechCrunch writer Steve Poland (@popo) currently is exploring raising a fund to join the “overcrowded” early stage investment market. His last contribution was The New Early-Adopter Addiction: Turntable.
Last week at David Kirkpatrick’s Techonomy conference, Sean Parker said “Little startups are ridiculously overfunded. The market is ridiculously… → Read More
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