Finance

  • Tinder subscriber growth disappoints Match investors

    Tinder subscriber growth disappoints Match investors

    Match Group reported second quarter earnings after the bell on Tuesday. At first shares rose about in initial after-hours trading, but then they were down 5% as investors were disappointed by subscriber growth and guidance for the year. The owner of dating sites including Tinder, OkCupid and Match.com reported $301 million in revenue, above analyst expectations of $297 million. Adjusted… Read More

  • Some last-minute thoughts about Apple’s earnings

    Some last-minute thoughts about Apple’s earnings

    In about an hour, Apple will announce its quarterly earnings. So you’ll soon be able to read all about it on TechCrunch as we have a team ready to look at all these numbers and find out if they’re moving up or down. But I’m going to use this opportunity to give you a few thoughts about what’s going to happen and what you should look for. Read More

  • N26 launches its investment product in Germany

    N26 launches its investment product in Germany

    A few days after announcing its banking license, N26 (formerly known as Number26) is partnering with fellow German fintech startup vaamo to add a new service to its banking offering with its first investment product for German customers. vaamo manages different portfolios of risky and not-so-risky assets thanks to robo-advisors so that you don’t have to micro-manage these portfolios. Read More

  • A Florida judge has ruled that Bitcoin isn’t money

    A Florida judge has ruled that Bitcoin isn’t money

    Ever since it moved into the mainstream Bitcoin has had a bit of an identity crisis. Mainly because no one is really sure whether it should be considered money or property. The IRS says it’s property for tax purposes, the Commodity Futures Trading Commission says it’s a commodity, and most Bitcoin advocates like to say it’s the world’s most advanced… Read More

  • Apple will sell limited edition Apple Watch bands for the Olympics as sales stall

    Apple will sell limited edition Apple Watch bands for the Olympics as sales stall

    Are you ready for the performance-enhancing drugs TV special called the Olympic Games? It looks like Apple is ready for the marketing branding extravaganza as the company is releasing limited edition bands for the Apple Watch. GQ first spotted these new bands. Unfortunately, you’ll have to book a flight to Rio to buy one. Read More

  • Coinbase is adding support for Ethereum

    Coinbase is adding support for Ethereum

    Since Coinbase was founded in 2012, hundreds if not thousands of Bitcoin competitors (typically referred to as alt-coins) were created. But Coinbase ignored the noise and remained focused on supporting just one currency – Bitcoin. But today that changes, as Coinbase is announcing that they are adding site-wide support for Ethereum, a digital currency with a built in programming… Read More

  • Amazon Prime’s latest perk is discounted student loans

    Amazon Prime’s latest perk is discounted student loans

    Amazon Prime is known for its 2-day shipping service and other perks, like free movies and TV shows for streaming through Prime Video and unlimited photo storage, among other things. But now you can add another benefit to the growing selection of perks that come with being a Prime customer: student loan discounts. Wells Fargo and Amazon announced this morning plans to offer Amazon Prime… Read More

  • India’s Mywish Marketplaces raises $15M to expand to new financial products

    India’s Mywish Marketplaces raises $15M to expand to new financial products

    Fintech companies are beginning to make a significant impact to how people live in Asia. Mywish Marketplaces, one of the more mature startups in what is admittedly a very broad sector, has raised $15 million to push its financing business into new areas. Read More

  • Number26 is now a true bank as it now has a full banking license

    Number26 is now a true bank as it now has a full banking license

    Berlin-based startup Number26 is trying to reinvent the bank. This might sound crazy, and that's why the startup has processed step by step. After partnering with Wirecard for the banking back end, attracting 200,000 users and raising tens of millions of dollars, the company now has a full banking license to operate in Europe. Read More

  • Omise lands $17.5M Series B to expand its Stripe-like service in Southeast Asia

    Omise lands $17.5M Series B to expand its Stripe-like service in Southeast Asia

    Omise, a Bangkok-based payment enabler much like Stripe, has raised a $17.5 million Series B round to expand its reach across Southeast Asia. Read More

  • Elon Musk reveals Tesla’s master plan

    Elon Musk reveals Tesla’s master plan

    Elon Musk plans to steer Tesla towards fully autonomous driving, car sharing, and cargo transport, according to the long awaited blog post on the company’s website. A fully solar power ecosystem driven in-part by SolarCity will help Musk and Co. get there. Musk has been teasing the master plan part II for days. What would be in it? Would Tesla cars fly? Would they go to space? What… Read More

  • Lighter Capital takes a different approach to startup financing

    Lighter Capital takes a different approach to startup financing

    The new world of startup finance is very strange. Private equity is increasingly dipping down to finance startups. Meanwhile, venture capital funds are being forced to use every financial tool imaginable to stay involved in the growing pool of late-stage startups. PWC’s most recent MoneyTree report for Q2 2016 underscores this point. One fund, Lighter Capital, is trying to get ahead… Read More

  • eBay shares up 5% after beating earnings expectations

    eBay shares up 5% after beating earnings expectations

    eBay reported second quarter results after the bell on Wednesday and saw its stock rise over 5% in initial after-hours trading. The company beat expectations, posting earnings at an adjusted 43 cents per share, when analysts were forecasting 42 cents. The company also brought in $2.23 billion in revenue, compared to the $2.17 billion expected by Wall Street. Investors were also pleased to see… Read More

  • Trim personal finance bot raises $2.2 million to save you money

    Trim personal finance bot raises $2.2 million to save you money

    Ever wonder how much you spend each month on Uber? The newly released Trim chatbot will tell you in a text. Trim also helps you manage subscriptions, set up spending alerts and check your bank balance. But there is no app, only a bot that can be linked to SMS or Facebook. “Anything that you can do on your mobile banking app, you can do with trim with the exception of moving… Read More

  • Unilever buys Dollar Shave Club for reported $1B value

    Unilever buys Dollar Shave Club for reported $1B value

    Unilever creates and captures a unicorn with its plans to acquire Dollar Shave Club. Announced this evening, the $130 billion dollar multinational consumer goods company is speculated to be paying $1 billion, all cash, for the startup, according to reports from Fortune. If the pricing is true, the transaction will be one of the largest ever in e-commerce. E-commerce is often a scary space… Read More

  • After 3 weeks, Worldpay still fumbling millions of Etsy transactions

    After 3 weeks, Worldpay still fumbling millions of Etsy transactions

    Etsy users had another bad week as payment processor Worldpay continues to cause problems. Late last week, some Etsy users began reporting that they had experienced duplicate charges. The forum on Etsy for duplicate charges is approaching one thousand posts. In a statement, Worldpay admitted to causing the duplicate charges for Etsy users in its attempts to rectify the… Read More

  • Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Some online loan platforms have taken a hit of late, but not all of them are struggling: today, CommonBond, a platform that specialises in loans and refinancing for students, is announcing that it has raised $300 million in debt to loan out to prospective borrowers; and a further $30 million in a Series C equity round to continue building out its platform. On top of this, the company has… Read More

  • Decacorns continue to get funding while the rest of the startup investing declines

    Decacorns continue to get funding while the rest of the startup investing declines

    If you look at the investment dollars for the last quarter, you might be surprised to see an uptick in deal volume. For all the gripes about sky-high valuations and bubble fears, it seems strange to see more money thrown at startups. It turns out that it’s mainly the businesses that have already raised a lot of capital that continued to attract even more. While there was an increase… Read More

  • Netflix falls 15% after missing subscriber expectations

    Netflix falls 15% after missing subscriber expectations

    Netflix reported earnings after the bell on Monday, seeing its shares quickly tumble 15 percent in after-hours trading after missing the mark on subscriber growth. In the second quarter of the year, the digital entertainment company added just 1.7 million members, beneath the company’s own forecast of 2.5 million new customers. This is also significantly below the 3.3 million members… Read More