Finance

TransferWise keeps growing money transfers despite global turbulence

You don’t have to follow the financial technology industry or work with developers in faraway lands to know TransferWise, arguably the world’s leading peer-to-peer money-transferring startup. Than

Teen debit card Current now acts like a real bank account

Current, the app-controlled teen debit card that’s managed by parents, is starting to look more like a bank. Today, the startup announced it’s now adding to its debit account for teens sup

Experian leads $10M investment in Southeast Asia fintech startup Jirnexu

Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, o

Zopa, the UK P2P lending company, secures bank license

Zopa, the U.K. peer-to-peer lending company that wants to become a bank, has been awarded a bank license by the U.K.’s financial regulators, the Financial Conduct Authority (FCA) and Prudential

The economics and trade-offs of ad-funded smart city tech

In order to have innovative smart city applications, cities first need to build out the connected infrastructure, which can be a costly, lengthy and politicized process. Third-parties are helping buil

PayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume

Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday

N26 says it now has more than 2M customers

N26 announced today that it now has more than 2 million customers — up from 1.5 million in October. The German fintech startup’s CEO Valentin Stalf was interviewed onstage at Disrupt Berlin wi

Robinhood hires CapitalG partner to lead operations

Robinhood's human resources department is keeping busy this month, announcing this morning that the zero-fee stock trading app and cryptocurrency exchange has hired CapitalG partner Gretchen Howard.

Spin Analytics automates credit risk modeling for banks

Meet Spin Analytics, a startup that wants to leverage artificial intelligence to automatically write credit risk modeling regulation reports. The company is participating in Startup Battlefield at Tec

Philippines fintech business Voyager raises $215M in Tencent-led round

One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announc

LearnLux raises $2M from Sound Ventures, Marc Benioff to help employees make financial decisions

LearnLux offers businesses access to its financial wellness platform, a digital product that helps employees make important financial decisions.

Robinhood hires 20-year Amazon veteran to CFO role as high-flying startup eyes IPO

Robinhood, the zero-fee stock trading app and cryptocurrency exchange, is bringing on a former Amazon finance exec to help the company prepare for an eventual public debut. The startup has hired Jaso

WeChat e-wallet teams up with Line to target Japan’s 7M Chinese tourists

China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound destination for Chinese tourists. On Tuesday, the Tencent-run messenger unveiled

October lets 11 public companies borrow money on its platform

French crowd-lending platform October (formerly known as Lendix), wants to educate more people about new ways to borrow money. That’s why the company is launching a project called Grandir Ensemble (

Cross-border fintech startup Instarem raises $20M for global expansion

Instarem, a Singapore-based startup that helps banks transfer money overseas cheaply, has raised a Series C round of over $20 million for global expansion. The round is led by MDI Ventures — the

Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo Day 

The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and

Cloud stocks take a beating

It was a stormy Monday for cloud stocks today with the general trend pointing way down. Okta stock took the biggest beating, down over 15 percent to $48.67, and even mighty Salesforce had its worst da

Plastiq raises $27M at 2X+ value to let you pay for anything on credit

“I wasn’t asking to pay in Bitcoin!” Plastiq CEO and co-founder Eliot Buchanan recalls with a laugh. “I went to pay part of my tuition at Harvard and I was told that they didn’t (and never w

Pitching a $99 tax advisory service for the masses, Visor has raised $9 million

The only sure things in this life, according to Ben Franklin, are death and taxes. And a new startup called Visor has just raised $9 million in financing to make one of them as painless as possible.

Uber continues to lose money as it scales scooters, bikes and other newer businesses

Uber, which is expected to go public sometime next year, just released its Q3 2018 financial results. Uber’s net losses increased 32 percent quarter over quarter to $939 million on a pro forma b
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