Finance

  • Airbnb finalizes deal to buy social payments startup Tilt

    Airbnb finalizes deal to buy social payments startup Tilt

    Airbnb has finalized its deal to buy social payments startup Tilt, TechCrunch has confirmed. We reported on the acquisition talks last month, but now everything has been made official. We are told that investors will be getting back about $12 million in cash, but the deal value is tens of millions of dollars higher if you include employee retention packages, which were paid for in cash… Read More

  • Now Twitter loses head of entertainment talent and director of finance

    Now Twitter loses head of entertainment talent and director of finance

    Twitter can’t seem to stop the management bleeding, which is complicating its attempts to pull off a turnaround after a tough year of layoffs and sinking share price. Yesterday its head of entertainment talent Lara Cohen, a major figure leading partnerships with content creators, left the company. Today, a director of finance David Bicknell is departing, though he’s more of a… Read More

  • Policy rollbacks can’t counteract technology advances in retirement investing Crunch Network

    Policy rollbacks can’t counteract technology advances in retirement investing

    Technology has already upended the current brokerage model and millennials, the largest generation in U.S. history, won’t settle for anything less than a service that puts their interests ahead of company bottom lines. Read More

  • Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

    Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

    Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. Ant Financial, which manages payments service Alipay and Alibaba’s digital banking business, will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division. Read More

  • Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital

    Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital

    Monzo, one of a number of new digital-only, or so-called “challenger,” banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, which could be announced as early as this week. According to multiple sources, U.S.-based Thrive Capital is leading the round. Read More

  • App platform company MuleSoft files for IPO

    App platform company MuleSoft files for IPO

    MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses like Netflix and Spotify with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. The size of the proposed IPO is $100 million, but that is subject to change. In the filing we see that MuleSoft had $187.7… Read More

  • US regulatory environment threatens the rise of fintech Crunch Network

    US regulatory environment threatens the rise of fintech

    The growth of fintech is challenging governments to devise new regulations to meet the demands of the burgeoning industry. The U.S. currently draws the largest amount of fintech investment and is home to many early success stories. Therefore, it may come as a surprise that the regulatory environment in America is hindering the growth of fintech and its impact on the broader economy. Read More

  • Cervin Ventures unveils new $56M fund aimed at the future of the enterprise stack

    Cervin Ventures unveils new $56M fund aimed at the future of the enterprise stack

    Cervin Ventures, under the direction of Preetish Nijhawan and Neeraj Gupta, is announcing its latest $56 million fund. Built on the success of previous angel and micro-venture portfolios, Cervin is targeting seed-stage startups across the enterprise stack — running the full gamut of infrastructure, data and software. Both Nijhawan and Gupta come from operational roles. Preetish… Read More

  • Dorsey: Twitter still has “a long way to go”

    Dorsey: Twitter still has “a long way to go”

    Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what is already a widely-used site. “We… Read More

  • SoftBank confirms $3.3B acquisition of Fortress Investment Group

    SoftBank confirms $3.3B acquisition of Fortress Investment Group

    Japan’s SoftBank has made another acquisition to widen both its business strategy and its portfolio of investments. Today the company announced it would pay $3.3 billion in cash to acquire the Fortress Investment Group, an asset manager and investor in its own right, with significant holdings in Lyft, ZestFinance, Xapo, Jawbone and other tech companies. This is SoftBank’s… Read More

  • PayPal buys TIO Networks for $233 million

    PayPal buys TIO Networks for $233 million

    PayPal has agreed to buy bill payment management company TIO Networks for $233 million in cash. The deal will allow PayPal to gain access to a market of customers who pay their utility and cable bills at kiosks in locations like Rite Aid. This will help the company reach the “underserved” chunk of North Americans who are living paycheck-to-paycheck, some who even lack bank… Read More

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