Finance

  • Verifone, FIS and Modo are creating a new way for consumers to pay with loyalty points

    Verifone, FIS and Modo are creating a new way for consumers to pay with loyalty points

    Verifone, FIS and digital payments startup Modo announced a new system that will enable customers to pay for any merchandise they want using only accrued credit/debit loyalty points. The novel part of this system is that consumers can purchase anything they want… not just select merchandise available at e-commerce portals or specific to single brands. Read More

  • P2P lending site Funding Circle raises another $100M led by Accel

    P2P lending site Funding Circle raises another $100M led by Accel

    Make way for another large fintech investment out of Europe. Funding Circle, the London-based peer-to-peer lending platform that lets small businesses connect with investors willing to lend them money, has raised another $100 million in funding of its own, led by Accel with participation from other previous investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket… Read More

  • Financial comparison site CompareEuropeGroup scores $21M from Thiel, ACE and more

    Financial comparison site CompareEuropeGroup scores $21M from Thiel, ACE and more

    As consumers have shifted to the web to order and pay for services like broadband and insurance, price comparison sites have become one of the main ways that they search for the best deals to cover what they need. Today, one of the bigger companies in the space in Europe, CompareEuropeGroup, announced it has raised €20 million ($21 million) to expand and move ahead of the pack. The… Read More

  • iZettle raises $63M more at a $500M valuation to expand from mobile payments

    iZettle raises $63M more at a $500M valuation to expand from mobile payments

    The world of mobile payments continues to consolidate and mature, and today one of the leading players among European mobile payments startups has raised a significant round of money to help keep itself on top. iZettle, the Swedish company that offers a card reader that works with your smartphone or tablet, plus a suite of financial services for the small businesses, is announcing that it… Read More

  • Daniel Gross of Apple leaves to become Y Combinator’s newest partner

    Daniel Gross of Apple leaves to become Y Combinator’s newest partner

    Daniel Gross, the founder of YC-backed Cue, a search engine for personal content, is joining Y Combinator as a partner. Coming hot off a stint as a Director at Apple focusing on machine learning, Gross will be bringing some fresh AI flair to YC’s existing team. Gross first found his way to Apple after Cue, formally called Greplin, was acquired by the company for $40 million back in… Read More

  • Parrot lays off 35 percent of its drone team

    Parrot lays off 35 percent of its drone team

    French company Parrot has had a rough year and missed its sales expectations. That’s why the company will lay off 290 employees who were working on drones. In total, Parrot currently has 840 employees on the drone team and more than a thousand employees in total. While the company isn’t just selling drones, it represents a good chunk of the business. But it looks like other… Read More

  • WTF is a funding round?

    WTF is a funding round?

    But if you don’t work in venture capital or finance, you might not know what all this means. So, we’ll break it down for you. Why are startups getting the money? Investors are giving the startup money in exchange for an ownership stake. They are hoping that the share price will go up as the startup grows into a larger company. Do they have to pay it back? No. If the startup… Read More

  • The future is a decentralized internet Crunch Network

    The future is a decentralized internet

    In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital and stock markets are circumvented, entrepreneurship is streamlined and networks gain sovereignty through their own digital currency. This is the next phase of the internet. Read More

  • Tim Cook’s compensation not spared as Apple misses performance goals

    Tim Cook’s compensation not spared as Apple misses performance goals

    As a result of Apple’s performance based executive compensation packages, CEO Tim Cook and other leaders within the company will be taking pay cuts. Apple missed internal revenue and operating income targets for 2016 by 3.7 and 0.5 percent respectively, resulting in a 15 percent cut for the CEO. Apple is reporting annual sales of $215.6 billion and operating income of $60 billion for… Read More

  • Trigger tells you when Trump tweets about your stocks

    Trigger tells you when Trump tweets about your stocks

    Very few people can move financial markets with their tweets, but like it or not, President-elect Donald Trump is one of them. And while you can’t do anything to prevent the madness, you can keep up with it using a new tool from Trigger Finance.  Originally a class project at Cornell Tech, Trigger makes it easy for users to set up real-time alerts when news drops about their stocks. Read More

  • Indiegogo to add equity investment to perks-based campaigns this year

    Indiegogo to add equity investment to perks-based campaigns this year

    Since its launch in 2008, you’ve been able to back crowdfunding projects on Indiegogo in exchange for “perks.” Last year, the company added JOBS act equity crowdfunding to the mix. Later this year, it’s set to combine the two, in campaigns that let backers get both perks for their money, plus an equity stake in the company, at the same time. Read More

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