Finance

  • Recapalypse now Crunch Network

    Recapalypse now

    Over the last couple of years of boom times for venture capital-backed startups, round sizes ballooned and valuations filled with all that hot air. Valuations of new financings have started declining significantly since the beginning of the year, leaving a number of companies hanging on precariously high in the air without solid ground beneath them. Read More

  • Why founders should care where their VCs get their money Crunch Network

    Why founders should care where their VCs get their money

    Fundraising for a startup is a notoriously stressful process. Much ink has been spilled dissecting every aspect of what works when pitching a venture capitalist, and there are countless “tips” out there that promise to help close deals. But for all the attention paid to VCs, little has been paid to limited partners — the money behind the money that makes the venture world… Read More

  • Understanding debt Crunch Network

    Understanding debt

    Without leverage, the private equity sector as we know it wouldn’t exist. While some tech execs and VCs recoil at the thought of using leverage, the truth is that the Innovation Economy has accessed debt for more than 35 years. Given that, debt is worth spending the time to understand. Read More

  • HP reports better than expected $0.48 EPS and $11.9B revenue in Q3

    HP reports better than expected $0.48 EPS and $11.9B revenue in Q3

    After the close of the bell, technology stalwart Hewlett-Packard announced better than expected numbers in their Q3 earnings report. This comes after a relatively flat week on the public markets for the company. Analysts expected an adjusted EPS of 44 cents on $11.44 billion in revenue. Instead, HP reported an EPS of $0.48 cents and revenue of $11.9 billion. The EPS numbers reported… Read More

  • Payment innovation: Take the better option now Crunch Network

    Payment innovation: Take the better option now

    While innovations like mobile payments and biometrics may one day change the way we safeguard consumer financial information in the digital age, we cannot neglect the here-and-now of both online and off-line users. The overwhelming majority of Americans use credit cards at the point of sale. Unfortunately, we’re falling short in protecting them, even though the remedy is simple. Read More

  • SelfScore raises $7.1 million to help international students get credit in the U.S.

    SelfScore raises $7.1 million to help international students get credit in the U.S.

    A startup called SelfScore has raised $7.1 million in new venture funding to help bring much-needed financial services to international students at U.S. colleges and universities. SelfScore co-founder and CEO Kalpesh Kapadia grew up in India, but moved to the U.S. for graduate school in 1995. That’s when he first noticed the challenges of assimilating into what he says is the… Read More

  • The 48 startups that launched at Y Combinator S16 Demo Day 2

    The 48 startups that launched at Y Combinator S16 Demo Day 2

    The world’s most prestigious startup school launched 48 companies today at part 2 of its Summer 2016 Demo Day. Nanoparticle analytics and delivery robots were amongst the products revealed in the B2B, biotech, enterprise, edtech, fintech, and hardware verticals. You can check out our write-ups of all 44 startups that launched yesterday, and TechCrunch’s picks for the top 7 from… Read More

  • LendUp fights big banks with $47M for compassionate credit cards

    LendUp fights big banks with $47M for compassionate credit cards

    Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More

  • Media.net acquired for $900M in mega ad-tech deal

    Media.net acquired for $900M in mega ad-tech deal

    The flow of Chinese capital into foreign ad-tech companies increased this morning with the acquisition of Media.net for $900 million USD. A consortium will be paying cash for the startup with key operation centers in New York City and Dubai. Eventually the company is set to be acquired from the consortium by Miteno Communication Technology, a Chinese tech conglomerate. The transaction is… Read More

  • Developing a global financial architecture Crunch Network

    Developing a global financial architecture

    The movement of capital around the globe is of paramount importance to an increasingly globalized society. As companies, workers and jobs become more fluid across permeable borders, it will become increasingly necessary to move money freely without arduous costs or constraints. Yet no comprehensive solution exists today that resolves the issues damming the flow of capital across borders. Read More

  • Barnes & Noble drops its CEO after deeming him ‘not a good fit’

    Barnes & Noble drops its CEO after deeming him ‘not a good fit’

    Easy come, easy go in corporate bookseller land. Less than a year after starting his gig as company head, Ronald D. Boire has been unceremoniously let go from his CEO gig at Barnes & Noble. The once ubiquitous book store chain made the announcement today in a somewhat tersely worded press release, noting that its Board of Directors, “determined that Mr. Boire was not a good fit for… Read More

  • China is disrupting global fintech Crunch Network

    China is disrupting global fintech

    A confluence of factors puts China at the financial technology (“fintech”) forefront: economic advancement, investor behavior, mobile technology, big data, financial industry liberalization, and regulatory acquiescence. Read More

  • Killing technology innovation in the public markets Crunch Network

    Killing technology innovation in the public markets

    In 2004, Google finally went public in a long-awaited offering that lit the public markets on fire. But Google’s S-1 filing was probably as unusual as anything the technology markets had ever seen: The company promised to not deliver quarterly guidance to investors, and instead promised to invest over the long term to preserve the culture of innovation that the company so fiercely protected. Read More

  • Palantir acquires data visualization startup Silk

    Palantir acquires data visualization startup Silk

    Silk‘s co-founder and CEO, Salar al Khafaji, announced today that private data analytics unicorn Palantir would be acquiring the company. The transaction appears to be an acqui-hire, with members of the Silk team directly joining Palantir in new roles. Founded in 2010, Silk helps data journalists, activists, NGOs and businesses produce data visualizations in the cloud without the need… Read More

  • Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio, exceeded revenue expectations in Q2 earnings released today after the bell. Immediately share prices increased in after-hours trading before falling back to the market closing price. The cloud-communications company reported revenue of $64.5 million and a loss per share of $0.08. Twilio beat revenue by over 10 percent. Analysts had expected a loss of $0.14 per share on revenue… Read More

  • SmartPath wants to help your employees manage their finances

    SmartPath wants to help your employees manage their finances

    Managing your finances can be tough, especially if no one has ever taken the time to sit down with you and explain how it all works. SmartPath, a Y-Combinator backed company, aims to help low-income people, and the 75% of Americans who live paycheck to paycheck, better manage their finances by enabling them to make sure they spend less than they make. “You haven’t taught people how… Read More

  • How startups are trying to fix consumer debt Crunch Network

    How startups are trying to fix consumer debt

    Consumer debt remains one of the biggest challenges with the American economy. The average household has $130,922 in debt, and debt interest payments represent 9 percent of the average household income. The silver lining is that with tough problems comes the opportunity for tech companies and investors to build solutions to address them. Here are some of the startups helping us get out of debt. Read More

  • Funding Societies raises $7.5M for its loan marketplace in Southeast Asia

    Funding Societies raises $7.5M for its loan marketplace in Southeast Asia

    There’s another notable funding round for a fintech startup in Southeast Asia, after Singapore-based Funding Societies raised a $7.5 million Series A round for its take on marketplace lending. Read More

  • Airbnb raising a reported $850M at a $30B valuation

    Airbnb raising a reported $850M at a $30B valuation

    Tech unicorn and sharing economy darling Airbnb has informed the State of Delaware that it’s raising another heap of cash. TechCrunch independently verified that Airbnb indicated in a 28 page filing on July 28th that it has plans to bring in additional late-stage capital. Almost a year after its last raise of $1.6 billion, the company is said to be adding $850 million to its… Read More

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