Finance

  • Examining The Top 4 Fintech Predictions For This Year And Beyond Crunch Network

    Examining The Top 4 Fintech Predictions For This Year And Beyond

    Alongside “Unicorn” and “Grexit/Brexit,” “Fintech” was considered one of the top 10 financial buzzwords of 2015. But fintech isn’t a newcomer to this list — and for good reason. For a few years now, fintech companies have moved from the margins to the mainstream. They are building tech-enabled financial platforms that serve consumers better… Read More

  • Number26 Now Uses TransferWise For International Transfers

    Number26 Now Uses TransferWise For International Transfers

    Number26 is trying to reinvent your bank account. One by one, the company is looking at the traditional bank features and using more modern options to recreate a complete bank. Now, you can make international transfers in foreign currencies directly from the app. And the best part is that Number26 is using TransferWise to make you pay less fess. Read More

  • Robinhood Ditches 3-Day Wait, Fronts New Users $1000 To Buy Stocks

    Robinhood Ditches 3-Day Wait, Fronts New Users $1000 To Buy Stocks

    The most annoying part of zero-fee stock trading app Robinhood was that when you signed up, there was a 3-day delay before money you deposited appeared in your account. Luckily, today the startup is solving this by embracing a slightly higher risk of fraud with the launch of Robinhood Instant. It lets users borrow up to $1000 to trade with while their deposit clears, and immediately trade with… Read More

  • Mark Suster On Falling Valuations And LA’s Tech Scene

    TechCrunch sat down with Mark Suster, managing partner at Upfront Ventures. One of the most active investors in Los Angeles, Suster spoke of how local startups are able to draw upon the city’s creative talent to bring content, commerce and communication platforms to the next level. He also commented on falling tech valuations. “By any definition we’ve been in a funding… Read More

  • BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners

    BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners

    BBVA — the Spanish banking giant that acquired Simple in the U.S. and last year made a $67 million investment in still-stealth mobile-only bank Atom in the UK — is changing up how it plans to invest in fintech startups in the future. The company is shutting down its in-house venture arm, BBVA Ventures; and it is taking BBVA Ventures’ portfolio, the $100 million fund it… Read More

  • India’s Paytm Is Raising Another $400M To Build Out Its New Payment Bank

    India’s Paytm Is Raising Another $400M To Build Out Its New Payment Bank

    Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank. The news comes at the same time that… Read More

  • Chinese Tech Group Led By Qihoo 360 Bids $1.2B For Browser Maker Opera

    Chinese Tech Group Led By Qihoo 360 Bids $1.2B For Browser Maker Opera

    There’s been plenty of speculation around the future of browser maker Opera, and now that looks like it will soon be resolved. Today the Norway-headquartered company confirmed that it has received a $1.2 billion acquisition offer from a group fronted by Chinese consumer tech companies Kunlun Tech and Qihoo 360. Read More

  • WorldRemit Gets $45M At A $500M Valuation To Grow Its Mobile Money Transfer Business

    WorldRemit Gets $45M At A $500M Valuation To Grow Its Mobile Money Transfer Business

    A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. This latest round, a debt round… Read More

  • SolarCity Beats Q4 Estimates, But Stock Plunges 30 Percent On Soft Outlook

    SolarCity Beats Q4 Estimates, But Stock Plunges 30 Percent On Soft Outlook

    SolarCity, which is down more than 50 percent over the past year, just released its Q4 2015 earnings. The market has reacted negatively, with the stock trading down about 30 percent after-hours at a price of around $17.50 per-share. While Q4 revenue of $115M and loss of $2.37 per share beat estimates of $111M in revenue and a loss of $2.59 per share, the company’s Q1 2016 forecast… Read More

  • Fox Marks Down Its DraftKings Investment By 60 Percent

    Fox Marks Down Its DraftKings Investment By 60 Percent

    Twenty-First Century Fox, which invested $160M in DraftKings over the summer, has written down the investment by about 60 percent, according to its 10-Q filed today. Specifically, Fox noted that “based on information concerning DraftKings’ current valuation in a recent financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and… Read More

  • LendEDU Is Making Student Loan Refinancing Easier

    LendEDU Is Making Student Loan Refinancing Easier

    When 21-year-old college students Nate Matherson and Matt Lenhard started their first business for tutors, they didn’t really know that they would soon embark on a journey to help solve the $1.2 trillion student loan problem in the U.S. Launched out of their University of Delaware dorm room, their first business was designed to help college tutors. The two even made it into an… Read More