Finance

  • Hippo raises $25 million for home insurance

    Hippo raises $25 million for home insurance

    So much money has been poured into insurance startups that it’s spawned its own category, “insurtech.” Investors see an opportunity to reduce inefficiencies and make customer-friendly products, and they believe that more young people will buy insurance if the process is more convenient. From life to autos to rentals to theft, just about every insurance category is… Read More

  • Yahoo Finance launches social savings app Tanda, an alternative to credit cards

    Yahoo Finance launches social savings app Tanda, an alternative to credit cards

    Yahoo Finance today launched a new app called Tanda that allows small groups of either five or nine people to save money together for short-term goals. The app uses the concept of a “money pool” – that is, everyone participating in one Tanda’s collaborative savings circles will pay a fixed amount to the group’s savings pot every month. And every month, one member… Read More

  • Equity podcast: Dropbox and Xiaomi want to go public, and how big is Telegram’s ICO?

    Equity podcast: Dropbox and Xiaomi want to go public, and how big is Telegram’s ICO?

    Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was a corker. Our co-host Matthew Lynley is back, Katie and myself were on hand, and our guest, Shruti Gandhi from Array Ventures, was brilliant. And the news gods were kind, as there was quite a lot to get through. First, we looked into the… Read More

  • Varo Money raises $45 million for mobile banking without fees

    Varo Money raises $45 million for mobile banking without fees

    There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity firm, TPG. (That’s the one U2’s Bono is… Read More

  • Uber’s big SoftBank deal has officially closed

    Uber’s big SoftBank deal has officially closed

    SoftBank’s $1.2 billion primary direct investment deal has officially closed, according to Uber itself, which confirmed the deal closure and provided the following statement to TechCrunch via a spokesperson: We’re proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers, strengthening… Read More

  • Birch raises $1 million to help you reap the best credit card rewards

    Birch raises $1 million to help you reap the best credit card rewards

    Birch Finance, a TechCrunch Disrupt 2016 Battlefield alum, has raised a $1 million seed round from AGP Miami, Kevin Johnson, the former CEO of Ebates and Frank Azor, founder of Alienware. The plan is to grow Birch Finance’s user base and increase its opportunities for monetization. Birch Finance aims to help people make the most of the credit cards in their wallets by telling them… Read More

  • Revolut launches geolocation-powered travel insurance

    Revolut launches geolocation-powered travel insurance

    Fintech startup Revolut is launching international medical and dental insurance. You can subscribe using the company’s app for £1 per day or more depending on the options. But the best part is that you can set it up and forget about it as Revolut uses your device’s location data to automatically turn insurance coverage on and off. By default, insurance coverage costs £1 per day… Read More

  • Facebook stock dips after the platform deprioritizes publishers

    Facebook stock dips after the platform deprioritizes publishers

    Facebook shares fell around 5 percent on Friday following the news that the company would retool its News Feed to boost social interactions over stories from publishers. Mark Zuckerberg announced the news on Thursday evening in a post on his own Facebook page to expected investor skittishness. Read More

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