finance

  • 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move, ATM operators and other financial organizations are beginning to look to Linux as a replacement for their outdated Windows XP installations.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