Finance

  • 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

  • Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer Adoption

    Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer Adoption

    The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas. The collected… Read More

  • CrunchWeek: Zenefits Loves Cash, Everyone’s Watching Apple, And Amazon’s Epic Quarterly Report

    Another week has left us in a miasma of earnings, product releases, and something called the Apple Watch. As such, it’s the perfect time to sit around our little round table we keep in the back of TechCrunch, and kick over the most important stories of the week: Amazon’s massively popular quarter, Zenefits’ massive capital raise, and, yes, the Apple Watch. This time… Read More

  • Microsoft And Google Battle Once Again For Title Of Second Most Valuable Tech Company

    Microsoft And Google Battle Once Again For Title Of Second Most Valuable Tech Company

    They’re back at it. After reporting earnings yesterday, Google and Microsoft are once again locked in their long-running battle for second. Apple, the most valuable technology company, is also the most valuable company in the world, with Google and Microsoft rounding off the top three. Google, up 3.56 percent as of the time of writing, is currently worth $385.59 billion. Microsoft, up… Read More

  • With Lydia, Pay For Your Online Purchases Using Your Apple Watch

    With Lydia, Pay For Your Online Purchases Using Your Apple Watch

    Step by step, Lydia is unveiling its product strategy to handle all your payments. When I last covered the French startup, it was still mostly focused on growing its user base by providing a Venmo alternative for French users. But now, Lydia also lets you pay on e-commerce websites, starting with PriceMinister. The app is now also available on the Apple Watch so that you can just tap on your… Read More

  • IVP Raises $1.4B For Its 15th Fund

    IVP Raises $1.4B For Its 15th Fund

    Institutional Venture Partners, better known as IVP, has raised a $1.4 billion 15th fund. The company’s last fund was a smaller $1 billion capital pool. I spoke to the firm’s Steve Harrick, a general partner, about the fund size, cadence, and investment strategy. According to Harrick, the fund was raised in a two month period. That matches other notes I’ve received from… Read More

  • Cheddar Up Makes It Easier To Collect Money From Groups

    Cheddar Up Makes It Easier To Collect Money From Groups

    Despite the shift away from paying with cash or check in favor of digital transactions in recent years, many smaller organizations, and even schools, still rely on old-school methods when it comes to collecting money from groups. Though it’s a hassle for both the organizer and the payer in the long run, checks are often easier than pointing users to online tools like PayPal or setting… Read More

  • P2P Lending Site Funding Circle Raises $150M Led By DST At A $1B+ Valuation

    P2P Lending Site Funding Circle Raises $150M Led By DST At A $1B+ Valuation

    Time to make way for another startup juggernaut out of the financial world. Funding Circle — a London-based peer-to-peer platform for small businesses to get loans, and investors to put up money to finance those loans — is today announcing that it has raised $150 million in venture funding, in a round that we have confirmed values the startup at over $1 billion. While… Read More

  • German Online Loans Platform Smava Raises $16M

    German Online Loans Platform Smava Raises $16M

    Here comes some more funding for a European financial tech company specialising in online loans. Germany’s Smava — a peer-to-peer lending platform where investors provide the funds to loan money to borrowers — has raised $16 million in funding led by Phenomen Ventures, along with existing investors Earlybird and Neuhaus Partners. Phenomen’s track record in… Read More

  • Bitcoin Vs. Wall Street: A Love-Hate Story

    Bitcoin Vs. Wall Street: A Love-Hate Story

    For the first few years, there was no response from Wall Street. The Wall Street Journal didn’t mention bitcoin until a blog post in June 2011. As the bitcoin community waited, advocates and enthusiasts speculated as to why America’s financial strongholds weren’t talking about the digital currency. Did banks not take bitcoin seriously enough to acknowledge it or feel… Read More

  • Fintech Startups Navigate Legal Gray Areas To Build Billion-Dollar Companies

    Fintech Startups Navigate Legal Gray Areas To Build Billion-Dollar Companies

    Innovation, growth, technology, user experience, revenue and gross margin have become synonymous with how you define success for a tech startup. What is missing from this list is local, state, and federal regulation; terms that startups in the financial technology sector understand far too well as either barriers to or catalysts for growth and early success. Read More

  • The Year Of Mobile Payments

    The Year Of Mobile Payments

    Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to ‘send money to friends’ via messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are… Read More

  • Snapchat Is Paying Ex-Apple Exec Scott Forstall 0.11% To Be An Advisor

    Snapchat Is Paying Ex-Apple Exec Scott Forstall 0.11% To Be An Advisor

    A leaked email from the Sony Pictures hack indicates Snapchat set aside .11% of its stock for former Apple head of iOS Scott Forstall to be an advisor. Michael Lynton, Sony Pictures’ CEO, is a Snapchat board member, so when his email was stolen by hackers protesting the release of The Interview, sensitive Snapchat information came to light. WikiLeaks recently made those emails easier… Read More

  • Etsy Closes Up 86 Percent On First Day Of Trading

    Etsy Closes Up 86 Percent On First Day Of Trading

    It turns out Wall Street investors like those homespun crafts. Etsy, the online marketplace for handmade goods, went public today. Shares opened at $31 on the NASDAQ, popping up 94 percent from the initial set price of $16 per share. The company closed its first day of trading at $30 per share, an 86% percent rise from its initial price. Read More

  • Number26 Grabs $10.6 Million To Bring Its Bank Of The Future To Everyone

    Number26 Grabs $10.6 Million To Bring Its Bank Of The Future To Everyone

    It feels like Number26 opened its doors yesterday, but the young startup just raised a $10.6 million Series A round (€10 million) from Peter Thiel’s Valar Ventures, with Daniel S. Aegerter and existing investors Earlybird and Redalpine also participating. This represents Valar Ventures’ second investment in a European fintech startup — the VC fund also participated in… Read More

  • Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

    Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

    Acorns, the micro-investment app that sets up a portfolio for you by collecting your spare change, has today announced the close of a $23 million Series C financing, led by Greycroft Ventures and e.Ventures, with participation from Sound Ventures, Garland Capital, and MATH Venture Partners. This brings Acorns’ total amount raised to $32 million. The company, which rounds up to the… Read More

  • Shopify Files To Go Public On Q1 Revenue Of $37.3M And A Declining Net Loss

    Shopify Files To Go Public On Q1 Revenue Of $37.3M And A Declining Net Loss

    Shopify has filed an F-1 document, indicating that it will sell shares to the public market. The company indicates in the filing that it will raise $100 million in its IPO. However, that figure is often given by companies as a place holder. Shopify has raised $122 million to date. The company has posted quickly growing revenues, and declining losses in its most recent quarter. Shopify… Read More

  • Twitter’s Former IR Boss Joins Secondary Shop Battery East Group

    Twitter’s former head of investor relations Nils Erdmann has a new job. Instead of doing the logical thing, and going to the beach, Erdmann is now a partner at Battery East Group, a boutique shop that helps facilitate the sale of shares of private companies to external parties. That process is called a ‘secondary’ transaction, in contrast to a ‘primary’ sale… Read More

  • Vulcun Takes On $12M To Grow The Fantasy Esports Market

    Vulcun Takes On $12M To Grow The Fantasy Esports Market

    Fantasy sports is big business. Fantasy esports is a smaller, but quickly growing younger sibling. Vulcun, currently boasting a multi-million-dollar prize pool, wants to make fantasy esports the next big thing, and now has the cash on hand to pull off its dream: A host of venture capital firms and angels just participated in a $12 million Series A round of capital for the company. I spoke… Read More

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