finance

  • Online Lender Avant Acquires Debt Management Service ReadyForZero

    Online Lender Avant Acquires Debt Management Service ReadyForZero

    Online lending platform Avant has acquired ReadyForZero, a Y Combinator-backed startup that helps consumers better manage their personal debit and credit using online financial software, the companies are announcing this morning. Financial terms are not being disclosed, but Chicago-based Avant had plenty of funds to play around with, having raised $334 million in equity capital, in addition… Read More

  • TransitScreen Raises $600,000 To Bring Bright, Shiny Screens To Bus Stops And Subways

    TransitScreen Raises $600,000 To Bring Bright, Shiny Screens To Bus Stops And Subways

    In the future we will all wear amazing silver underpants and look at our incoming bus and subway transfers on a screen from TransitScreen. Created by a lone entrepreneur with a dream and some LCDs, TransitScreen is a sort of timetable for mass transit. However, these things can sit in multiple places including in the lobby of your favorite building where they display train times, information… Read More

  • Kreditech Gets $200M Credit Line To Fuel Its Big-Data Based Consumer Lending Business

    Kreditech Gets $200M Credit Line To Fuel Its Big-Data Based Consumer Lending Business

    Kreditech, the consumer finance startup that focuses on lending money to “unbanked” consumers with little or no credit rating, is today announcing a hefty line of funding that it will use to expand its business. It is getting a $200 million credit line from Victory Park Capital, one of the largest in the history of online lending services. Kreditech is not disclosing its… Read More

  • Host Analytics Raises $25M And Says Next Step Is IPO

    Host Analytics Raises $25M And Says Next Step Is IPO

    Host Analytics, a company that provides cloud-based financial analytics tools, announced $25M in Series E funding today, and suggested the next logical step for the company is going public. Today’s funding brings their total to date to $77M. The round was led by Centerview Capital Technology. Also participating were previous investors Advanced Technology Ventures, Next World… Read More

  • The MBAs Are Fleeing, Should SF Be Worried?

    The MBAs Are Fleeing, Should SF Be Worried?

    Bubble, bubble, bubble. Are we in one, are we already done with one, are we getting closer to one? These questions have the dual benefit of being completely impossible to answer while having a high enough salience to tech readers to ensure that the almighty advertising machine gets stoked for another cycle. Let’s throw some more coal into the fire. We already had our massive discussion… Read More

  • When The Funding Bubble Bursts It Doesn’t Have To Mean Disaster

    When The Funding Bubble Bursts It Doesn’t Have To Mean Disaster

    Hold tight. Wait till the party’s over
    Hold tight. We’re in for nasty weather
    ~Talking Heads, Burning Down The House One law of economic physics always holds true: what goes up must come down. Last week, my pal Alex Wilhelm pointed out that winter’s coming to Silicon Valley, not in the form of snow of course, but metaphorically. He was reacting to Bill Gurley’s… Read More

  • Forest Brings You A Safer Way To Invest

    Forest Brings You A Safer Way To Invest

    Many people don’t invest even when they have the cash, citing confusion and the time it takes to weigh all the risks and benefits. Read More

  • YC-Backed Zen99 Makes Life Easier For Freelancers With Finance And Insurance Tools

    YC-Backed Zen99 Makes Life Easier For Freelancers With Finance And Insurance Tools

    Freelancers and contractors are a rapidly growing part of the workforce. Without benefits, however, many struggle with issues like figuring out how much of their earnings to withhold for taxes and finding insurance providers. A new startup called Zen99 wants to help contractors with a free service. Backed by Y Combinator, Zen99 lets users sign up for health insurance, track earnings and… Read More

  • Credit Karma Rolls Out Free Weekly Credit Reports (Yes Really)

    Credit Karma Rolls Out Free Weekly Credit Reports (Yes Really)

    Online credit monitoring startup Credit Karma is rolling out free credit reports. And no, it’s not a scam. Over the years, consumers have been burned by websites offering “free” credit reports which had more than a few strings attached. After signing up for their free report, these misleading sites would then begin billing the unsuspecting users on a monthly basis… Read More

  • Kabbage Gets $270M More To Lend To Small Online Merchants

    Kabbage Gets $270M More To Lend To Small Online Merchants

    Kabbage, a platform for online merchants to borrow working capital, is picking up some cabbage of its own: the startup has closed a $270 million credit facility from Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. Atlanta, Georgia-based Kabbage will use the funds to build out its financing business both in the U.S. and beyond. This is one of… Read More

  • Financial Firms Looking To Linux, Windows 7 As XP Support Dries Up

    Financial Firms Looking To Linux, Windows 7 As XP Support Dries Up

    In an unsurprising move, ATM operators and other financial organizations are beginning to look to Linux as a replacement for their outdated Windows XP installations. That these organizations are deciding to move from XP only now is a testament to the staying power of the OS and a certain conservatism in financial circles. Read More

  • Goldman Sachs: Bitcoin Is Not A Currency

    Goldman Sachs: Bitcoin Is Not A Currency

    Goldman Sachs thinks that bitcoin believers need to take a cold shower, drink some coffee, and sober up. In the wake of Mt. Gox’s collapse, the supposed outing of Bitcoin’s creator, and some high profile arrests the financial services firm has put together an exhaustive survey of “Bitcoin” and “bitcoin” and ultimately finds the technology promising but… Read More

  • Borro, The High-End Online Pawnshop, Raises $112M To Fill Its Finance Pool, Expand In U.S.

    Borro, The High-End Online Pawnshop, Raises $112M To Fill Its Finance Pool, Expand In U.S.

    Borro, an online platform that lets people borrow cash and put up luxury watches, art and other fine goods as collateral, is today announcing a new funding round of $112 million, coming entirely from one backer, Victory Park Capital. Paul Aitken, Borro’s founder and CEO, tells me that the money will be used to continue to grow out its business in the markets where it is active — the… Read More

  • Zero-Commission Stock Trading App RobinHood Kicks Off Private Beta

    Zero-Commission Stock Trading App RobinHood Kicks Off Private Beta

    Soon, RobinHood will let anyone buy and sell stocks for free instead of having to pay E*Trade or Scottrade $7 per transaction. Today RobinHood begins inviting its 160,000 waitlisters to download its glossy new app where you can efficiently track and trade stocks in style. “It’s by far the most bueatufil brokerage app, though that’s not saying much” co-founder Vlad… Read More

  • Malaysia-Based iMoney Raises $2M Series A To Help Consumers Compare Financial Services

    Malaysia-Based iMoney Raises $2M Series A To Help Consumers Compare Financial Services

    iMoney Group, a Malaysia-based financial comparison startup, announced that it has raised a $2 million Series A round led by Singapore-based venture firm Jungle Ventures. Other investors include ECONA AG, Rebright Partners, IMJ Fenox, Fenox Venture Capital, 500 Startups, Vogel Ventures and angel investor Lim Der Shing. Read More

  • E-Loan Specialist Wonga Buys BillPay, The PayPal Of Germany, To Move Deeper Into Payments

    E-Loan Specialist Wonga Buys BillPay, The PayPal Of Germany, To Move Deeper Into Payments

    Wonga is a UK-based startup best known for its online payday loan services, but today the company made a move that could see it not only extending across to other markets in Europe but also into other services like payments: the company today is announcing the acquisition of BillPay, known as the “PayPal of Germany”. This is yet another major exit for Rocket Internet, which… Read More

  • Level Helps You Mind Your Money With Apps, Nabs $5M Series A To Make It Happen

    Level Helps You Mind Your Money With Apps, Nabs $5M Series A To Make It Happen

    There’s no doubt about it: managing your personal finances is boring. Even though handwritten budgets and meticulously crafted spreadsheets are being joined by services like Mint and Simple that let more you easily dig into your spending, some folks just can’t be bothered to spend their free time mulling over that stuff. And that’s where a startup called Level comes in. Read More

  • Earmark & Dollarbird Help Encourage Financial Responsibility, Not Careless Spending

    Earmark & Dollarbird Help Encourage Financial Responsibility, Not Careless Spending

    If the plethora of “aspirational” shopping companions have left you with something of a bad taste in your mouth for encouraging overspending, here’s a palate cleanser: a couple of newer apps for iOS, Dollarbird and Earmark, are focused on making responsible money management as enjoyable as browsing through personalized feeds of product recommendations. Well, almost. Read More

  • Tech In A “Surprising Slump”? Hardly

    Tech In A “Surprising Slump”? Hardly

    What is the forecast for tech? It depends on whom you ask. For some, it’s contraction. For others, the money is flowing. Cisco is in the tank and has layoffs planned, even as Microsoft mints new billion-dollar businesses. Yahoo can’t keep its hands off the kids. Some companies are cribbing business models from Asia to monetize their social products.  Even the tech deities appear… Read More

  • Revenue Falls, But Yahoo Shares Jump 7% To Reach A Five-Year High

    Revenue Falls, But Yahoo Shares Jump 7% To Reach A Five-Year High

    Shortly after the stock market opened, Yahoo shares (NASDAQ:YHOO) have jumped to 28.91, representing a 7.55 percent increase over yesterday’s closing price of 26.88. More importantly, it represents a five-year high for the Silicon Valley veteran. Yet, Yahoo announced its Q2 earnings yesterday and it wasn’t as straightforward as the NASDAQ makes it look. Revenue was down 1 percent… Read More

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