Finance

  • Number26 Launches Its Bank Of The Future In 6 New Countries

    Number26 Launches Its Bank Of The Future In 6 New Countries

    If you don’t like your current bank, Number26 is here for you. The German startup has been trying to reinvent the average banking experience in Germany and Austria. It is now expanding to six new European countries — France, Greece, Ireland, Italy, Slovakia and Spain. Anybody who lives in one of these countries can now open a bank account in 8 minutes by downloading the iOS or… Read More

  • Box Beats Estimates With $78.7M In FQ3 Revenue, Boosts Full-Year Guidance, Shares Fall 4% — Update: Shares Now Up!

    Box Beats Estimates With $78.7M In FQ3 Revenue, Boosts Full-Year Guidance, Shares Fall 4% — Update: Shares Now Up!

    Update: Shares in Box are now up a fraction in after-hours trading. Investors are such fickle things.  Box, an enterprise collaboration and file management shop, reported its fiscal third quarter financial results today. The company lost $0.31 per share, using adjusted metrics, on revenue of $78.7 million. Analysts had expected a $0.31 per-share loss, again using adjusted metrics, off… Read More

  • Mark Zuckerberg Is Now A Dad, Pledges To Give Away 99% Of His Shares

    Mark Zuckerberg Is Now A Dad, Pledges To Give Away 99% Of His Shares

    Facebook CEO Mark Zuckerberg today said he and his wife would give away 99 percent of their shares to “advance human potential and promote equality for all children in the next generation.” His shares are currently worth around $45 billion. Read More

  • Cookies Wants To Become The Venmo Of Europe

    Cookies Wants To Become The Venmo Of Europe

    Many have tried, but no European company has become as successful as Venmo so far. Venmo is a great way to pay back your friends in a few taps without having to pay any fee. But its main issue is that it only works in the U.S. Stealth startup Cookies wants to do just like Venmo, but in Europe. Read More

  • Taking Stock Of Tech’s Third Quarter

    Taking Stock Of Tech’s Third Quarter

    I trust that you are sated, smiley, and generally recharged by the recent Thanksgiving cycle. Earnings time. You may have thought that you were out of the non-GAAP woods. Not in the least. Certainly, Box still has yet report, but the majority of tech shops have dropped their digits, leaving it up to you and I to parse the mix. Read More

  • A Bitcoin Boomlet

    A Bitcoin Boomlet

    Bitcoin is currently enjoying what politicos call a boomlet — a small bump that, while perhaps not impressive on a historical scale, is certainly notable. For bitcoin at the moment, this means a price spike that has put the cryptocurrency into its highest territory in a year. That, combined with a small rise in global interest and what seems to be the highest transaction volume in… Read More

  • Australian Financial Tech Company Tyro Payments Raises $72M Led By Tiger Global

    Australian Financial Tech Company Tyro Payments Raises $72M Led By Tiger Global

    Australian financial tech company Tyro Payments plans to challenge the country’s leading retail banks after scoring AUD $100 million (about $72 million) in funding from Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes. Read More

  • Interest Rates And Rating Interest Crunch Network

    Interest Rates And Rating Interest

    The tech and venture corners of the universe are large and rising. There are more people in the business and more people interested in the business than usual. Perhaps more than at any other time, there is huge general and insider attention. As much as tech’s ranks have grown, the space remains unusually insular and inwardly focused. The larger a sector grows, the greater its influence… Read More

  • Will Vivendi Acquire Ubisoft And Gameloft?

    Will Vivendi Acquire Ubisoft And Gameloft?

    Slowly but surely, Vivendi is trying to get back into the video game industry. After selling back its stake into Activision Blizzard in 2013, the company is looking at another video game giant — Ubisoft. Here’s a quick recap. Read More

  • Ola, Uber’s Arch-Rival In India, Hires Ex-Infosys CFO

    Ola, Uber’s Arch-Rival In India, Hires Ex-Infosys CFO

    Indian ride-sharing company Ola boosted its efforts to beat Uber this month when it closed its $500 million Series F round, and, fresh off the heels of that news, it has confirmed the hiring of a new CFO. Read More

  • Jet.com Snags A Fresh $350M, Anticipates $150M More

    Jet.com Snags A Fresh $350M, Anticipates $150M More

    Jet.com, an e-commerce company with its sights on Amazon, has raised a fresh $350 million, and according to a report on Re/code has “verbal agreements” for another $150 million. TechCrunch confirmed the details of the story with the firm. Jet has managed several feats in its short life, including generating a tectonic quantity of buzz by raising capital aggressively before its launch. Read More

  • Slack Preps For IPO, Even If It Doesn’t Want Or Need One Soon

    Slack Preps For IPO, Even If It Doesn’t Want Or Need One Soon

    When Slack’s IPO window opens, it wants to be able to quickly spring into the public markets. Otherwise it could see sour conditions or botched IPOs by other tech companies shut the window before it rings the opening bell. That’s why Slack CEO Stewart Butterfield says it’s already getting its ducks in a row so it’s poised to IPO when the time comes. Read More

  • A Square Pop, And A Drop

    A Square Pop, And A Drop

    Square’s IPO came in hot, bouncing more than 40 percent in its first day of trading. Priced conservatively, the offering did what all IPOs must do to set a positive narrative: rise. In the ensuing days of trading, Square has slipped. Today, as TechCrunch reported, shares in Square fell for the third consecutive session. A good first day, it seems, does not a good first week make. Read More

  • Robinhood Gives Zero-Fee Stock Trading To Other Apps

    Robinhood Gives Zero-Fee Stock Trading To Other Apps

    What Stripe did for easy payments, Robinhood is doing for free stock trading. This week the brokerage startup launched its platform so developers can bake its zero-commission stock trading into their products. Stop for a second and think about how big a deal this is. Before now, there were two types of stock apps. Ones that actually let you make trades but charged you a fee of around $7… Read More

  • Square’s New Apple Pay And Chip Card Reader Available To Pre-Order

    Square’s New Apple Pay And Chip Card Reader Available To Pre-Order

    Shortly after going public, Square announced that its new card reader is now available to pre-order on its website for $49. The new reader will ship in early 2016. Read More

  • UK Mobile-Only Atom Bank Picks Up $128M Led By BBVA, Owner Of Simple In The U.S.

    UK Mobile-Only Atom Bank Picks Up $128M Led By BBVA, Owner Of Simple In The U.S.

    All major banks today offer a way for customers to bank online, but this is not stopping a rush of startups emerging to build new, mobile and online-only banks from the ground up. In one of the latest developments, Atom Bank, a UK mobile banking startup and app aimed at hip, youthful consumers that has yet to launch its commercial service, is today announcing that it has closed an £82… Read More

  • Are IPOs The New Down Rounds?

    Are IPOs The New Down Rounds?

    It’s become a meme in tech circles, “IPOs are the new down round,” venture capitalists quip. The dreaded “down round,” when a startup raises capital beneath its prior valuation, is getting pushed back to the public markets. While most companies grow their value in the stock market, Square, Box  and Hortonworks went public at market caps that were lower than what… Read More

  • How Finance Fits Into Your Startup Crunch Network

    How Finance Fits Into Your Startup

    Every tech CEO and founder dreams of building a company founded on principles partially informed by childhood readings of Dumas: All for one, one for all — and, by the way, let’s change the world. This team-focused, ideal-driven mantra flies in the face of everything corporate culture stands for, and that’s exactly how storybook Silicon Valley/Silicon Alley like it. If… Read More

  • The Disruption Of Millennial Investing Crunch Network

    The Disruption Of Millennial Investing

    The media proliferates stories analyzing millennial work ethics, buying patterns and values. With millennials consuming more media than any other generation, it’s always frustrating to see Twitter dominated with stereotypical headlines like “Are Millennials Lazy, Entitled Narcissists?” or “Desperate and In Debt.” You’d think the message would be better… Read More

  • Tesla Recalls Every Model S Ever Sold Over Single-Time Seatbelt Issue In Europe

    Tesla Recalls Every Model S Ever Sold Over Single-Time Seatbelt Issue In Europe

    Shares of Tesla, an electric car company and Silicon Valley darling, are down several points today on news that the company will recall every Model S sedan over a seatbelt issue uncovered in a single incident in Europe. The recall includes nearly 90,000 cars. Tesla stressed in an email to customers — pasted below — that it does not know of any other Model S cars with the same issue. Read More