Finance

  • PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    Digital commerce company PayPal is moving to establish itself as “more than just a button” to a global payments platform as it readies a split from parent company eBay later this year. “We’re coming into the market at a time when the financial services industry is going through some fundamental shifts,” new PayPal CEO Dan Schulman said at PayPal’s… Read More

  • Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Dropbox shed an executive today. The storage and file-sharing company’s Ilya Fushman is joining Index Ventures as a general partner. Index Ventures led Dropbox’s $250 million Series B round of funding. Benchmark, Greylock and IVP also participated in that round. According to startup and funding database CrunchBase, Dropbox has raised north of $1 billion during its life. Read More

  • JFDI Asia Doubles Investment And Trials Remote Participation In Its Accelerator Program

    JFDI Asia Doubles Investment And Trials Remote Participation In Its Accelerator Program

    JFDI Asia, the Singapore-based accelerator program, is literally doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time away from its physical base. Read More

  • Bubble 2.0?

    Bubble 2.0?

    Federal Reserve Chairwoman Janet Yellen weighed in on the prospects of an equity bubble at a meeting with International Monetary Fund Director Christine Lagarde earlier this month. The danger warnings beat to the drums of Mark Cuban’s worse than 2000 prediction because the tech sector was singled out as the asset class with overinflated valuation. Read More

  • This Week On The TechCrunch Bitcoin Podcast: Russia And Presidential Dreams

    This Week On The TechCrunch Bitcoin Podcast: Russia And Presidential Dreams

    It’s Friday, which means that your friends at TCBTC, the TechCrunch bitcoin podcast, are back with another heaping helping of all things bitcoin. Let’s bit! This week, John Biggs and I almost managed to say nothing that will annoy the faithful, but by the end of the episode that was no longer the case. We’re going to bring back our friend Lopp next week to dig into the… Read More

  • Vouch Raises $6 Million Series A For Its Social Network For Credit

    Vouch Raises $6 Million Series A For Its Social Network For Credit

    Vouch, a so-called “social network for credit” founded by ex-PayPal and ex-Prosper alumni, now has an additional $6 million in Series A funding to continue to grow its business. While there are a number of alternative lending startups on the market today, Vouch’s differentiating factor is that it leverages a person’s social connections in order to determine their… Read More

  • PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    Payments company PayPal is inching closer to spinning off from its marketplace parent eBay. Today its designated CEO, Dan Schulman, announced that it plans to list on Nasdaq and use PYPL as its ticker — the original ticker it used before eBay acquired it in 2002. The  company plans to spin off eBay in the second half of this year. To date, some 18 billion transactions and… Read More

  • TubeMogul Spikes 12% After Beating On Q1 Revenue, Forecasting Big Q2

    TubeMogul Spikes 12% After Beating On Q1 Revenue, Forecasting Big Q2

    Quick hit here, everyone: TubeMogul reported its first-quarter financial performance today, which, coupled with guidance for the second quarter, sent its shares soaring in after-hours trading. The company’s revenue of $30.32 million was better than the $29.41 million that the street expected. The company’s wider-than-expected loss of $0.24 per share, compared to an $0.18… Read More

  • Credit Monitoring And Debt Management Service Credit Sesame Raises $16 Million

    Credit Monitoring And Debt Management Service Credit Sesame Raises $16 Million

    Personal finance company Credit Sesame is announcing today that it has raised an additional $16 million in an oversubscribed Series D round of funding, with plans to raise more – as much as $20 million – in the near future. The company, a prior TechCrunch Disrupt Battlefield participant, was one of the first to market with solutions that allow consumers to monitor their credit… Read More

  • Storm Ventures Raises New Fund

    Storm Ventures Locks Down $180M For Its New Fund

    Storm Ventures has joined nearly every other startup capital entity in raising a new, larger fund. Storm’s fifth fund is a $180 million vehicle that the firm has stapled a new venture partner to. As a group, Storm is known for its work with SaaS-focused companies. Its own Jason Lemkin, the other guest in the above segment, is something of a Bay Area uncle for SaaS, in that he has a habit… Read More

  • Winklevoss Twins Eat, Sleep, Breathe Bitcoin

    Winklevoss Twins Eat, Sleep, Breathe Bitcoin

    The twin Harvard graduates of Facebook fame Cameron and Tyler Winklevoss just took the stage at Disrupt NY to update everyone on their recent bitcoin projects. As a reminder, the twins have been working on an exchange traded fund (ETF) under the symbol ‘COIN’ so that old-school traders can trade bitcoins on the NASDAQ OMX. The two brothers also recently announced a new bitcoin… Read More

  • Dopay Banks $2M To Launch A Cloud Payroll Service For The Unbanked

    Dopay Banks $2M To Launch A Cloud Payroll Service For The Unbanked

    Dopay, a London-headquartered startup that offers a payroll service for the unbanked, has closed a $2 million seed. Investors in the round of funding include global private equity firm ACE & Company, plus a syndicate of angels from the banking, private equity and hedge fund industries. Read More

  • Personal Finance Startup MX Pulls In $30 Million Series A Funding From USAA and Digital Garage

    Personal Finance Startup MX Pulls In $30 Million Series A Funding From USAA and Digital Garage

    MX, the personal finance startup formerly known as Money Desktop, has just inked a $30 million Series A funding deal led by a subsidiary of USAA. Tokyo-based VC firm Digital Garage also participated in the round. MX had previously raised a healthy seed round from various early-stage investors for $20 million late last year. This now brings the total amount of funding to $50 million for the… Read More

  • Jeremy Allaire’s Bitcoin Startup Circle Takes $50M From Goldman Sachs, IDG

    Jeremy Allaire’s Bitcoin Startup Circle Takes $50M From Goldman Sachs, IDG

    Circle, the Bitcoin startup that veteran entrepreneur Jeremy Allaire started, just raised $50 million from Goldman Sachs and IDG Capital Partners. It’s another sign that the finance industry’s most powerful players are starting to take the crypto-currency and its ecosystem seriously. All of Circle’s existing investors including Breyer Capital, General Catalyst Partners… Read More

  • Microsoft Predicts Its Commercial Cloud Revenue Will Reach A $20B Run Rate In Its Fiscal 2018

    Microsoft Predicts Its Commercial Cloud Revenue Will Reach A $20B Run Rate In Its Fiscal 2018

    Microsoft announced today at its Build developer conference that during its fiscal 2018 — after the middle of 2017 for the rest of us — its commercial cloud revenue will hit a $20 billion run rate. That means that the products Microsoft lumps together as “commercial cloud” — Azure, Office 365 for corporations, etc. — will generate around $5 billion in… Read More

  • Coinbase Expands To The United Kingdom With Wallet, Exchange

    Coinbase Expands To The United Kingdom With Wallet, Exchange

    About six months after it initially crossed the pond, Coinbase is finally landing in the United Kingdom. Coinbase is the bitcoin wallet and platform backed with more than $100 million from DFJ, NYSE and Andreessen Horowitz and that has attracted north of 2.7 million consumer accounts. Read More

  • Twitter Collapses 18% In Wake Of Lackluster Q1 Revenue, User Growth

    Twitter Collapses 18% In Wake Of Lackluster Q1 Revenue, User Growth

    In a bizarre leak, Twitter’s first quarter earnings made it onto the Internet — read: Twitter — before the cessation of regular trading, sending the company’s shares sharply lower. Trading was halted for a period. The company reported revenue of $436 million, an increase of 74 percent on a year-over-year basis. That number missed the company’s own guidance, as well… Read More

  • Let’s Impair That Goodwill

    Let’s Impair That Goodwill

    Caveat Ballmer, or something. Microsoft made waves recently by disclosing in its quarterly 10-Q document that its Phone business, which generates billions in yearly revenue, isn’t performing as well as it expected. As Microsoft is carrying billions of dollars of goodwill related to the Nokia purchase on its books, the warning landed like a brick in a puddle of lukewarm slop. Read More

  • Apple Now Has $194 Billion In Cash

    Apple Now Has $194 Billion In Cash

    Apple, the word’s most valuable corporation, has a new cash tally: $194 billion. That’s to say that if you add up its cash, cash equivalents, short-term marketable securities, and long-term marketable securities, it totals $194 billion. Cash is a loose term that is usually employed at the corporate scale to include accreted value that remains functionally liquid. Read More

  • Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

    Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

    Apple has just released its fiscal Q2 2015 earnings, reporting $58 billion in revenue, $13.6 billion in net profit representing $2.33 per share. Compared to the year-ago quarter, it corresponds to a growth of 27.2 percent in revenue, and an impressive 40.4 percent jump in EPS (adjusted for the 7-for-1 split). Expectations were pretty high following Apple’s blockbuster quarter three… Read More

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