Finance

  • NewStore raises $50 million for mobile commerce

    NewStore raises $50 million for mobile commerce

    Demandware founder Stephen Schambach has moved on to his next startup and investors are betting $50 million. NewStore, an enterprise platform for mobile commerce, has raised a Series B from Activant Capital, General Catalyst and Schambach's own money. The company previously raised $40 million since 2015, but just launched the business late last year. While Magento, Shopify and others… Read More

  • Beginning this week, automated savings app Digit will start charging users $3 a month

    Beginning this week, automated savings app Digit will start charging users $3 a month

    In April, Digit announced that in 100 days it would begin charging $2.99 a month to people using its service to automatically save for a rainy day or help pay their bills. Well, 100 days have almost passed, and it’s almost time for those changes to go into effect. Read More

  • PayPal to become a payment option in Samsung Pay, including in-app, online and in-store

    PayPal to become a payment option in Samsung Pay, including in-app, online and in-store

    Samsung users will be able to choose PayPal as their preferred method of payment in-app, online and in retail stores through the Samsung Pay mobile payments platform, the companies announced today. The strategic partnership will initially be available to Samsung Pay users in the United States before expanding to other countries, says Samsung. In addition to supporting PayPal at point-of-sale… Read More

  • Jefferies gives IBM Watson a Wall Street reality check

    Jefferies gives IBM Watson a Wall Street reality check

    IBM’s Watson unit is receiving heat today in the form of a scathing equity research report from Jefferies’ James Kisner. The group believes that IBM’s investment into Watson will struggle to return value to shareholders. In recent years, IBM has increasingly leaned on Watson as one of its core growth units — a unit that sits as a proxy for projecting IBM’s… Read More

  • Cover raises $8 million to insure your belongings

    Cover raises $8 million to insure your belongings

    Applying for homeowner’s insurance should be as easy as waving your phone camera around your room. That’s the premise behind Cover, an app that recommends insurance based on what’s photographed in your home. Whether it’s electronics, jewelry or even your pet, Cover will cover just about anything. Read More

  • Blend releases a mobile app for mortgage lenders on the go

    Blend releases a mobile app for mortgage lenders on the go

    Since launching five years ago, Blend has helped major financial institutions make lending decisions to consumers, in many cases narrowing the time it takes to close a mortgage by seven to 10 days. Today the company is releasing a mobile app that it believes will speed up the process even faster by allowing consumers to more easily communicate with their loan officer. Read More

  • Stash raises $40 million Series C to make investing more approachable

    Stash raises $40 million Series C to make investing more approachable

    Micro-investing app Stash has raised an additional $40 million in Series C funding, the company announced this morning, following rapid growth in terms of sign-ups from new users – 86 percent of whom are first-time investors. The startup’s app is designed to help ease people into investing by allowing anyone to start with as little as $5, then build a portfolio you contribute more… Read More

  • Rover raised $65 million for pet sitting

    Rover raised $65 million for pet sitting

    Finding temporary housing for your dog should be as easy as renting an Airbnb. That’s the idea behind Rover, which raised $65 million to expand its pet sitting and dog-walking businesses. The Seattle-based company got a significant vote of confidence from Spark Capital, which is leading the round and additional capital from existing investors including Menlo Ventures, Foundry Group… Read More

  • Revolut raises $66 million for its global banking alternative

    Revolut raises $66 million for its global banking alternative

    Revolut has raised a $66 million Series B round with Index Ventures leading the round, and existing investors Balderton Capital and Ribbit Capital also participating. The startup will also run another $5 million crowdfunding campaign in a few weeks. The company has raised $83 million in total. Revolut started as a mobile app that lets you send and receive money in multiple currencies. Over… Read More

  • Anna Patterson talks Gradient Ventures, Google’s new AI fund

    Anna Patterson talks Gradient Ventures, Google’s new AI fund

    It’s been pretty obvious for a few months now, but Google has finally admitted that it’s running its own investment fund targeting machine intelligence startups. The fund will go by the name Gradient Ventures and provide capital, resources and education to AI-first startups. Read More

  • Twitter’s new CFO is getting $15 million in stock

    Twitter’s new CFO is getting $15 million in stock

    Twitter has announced that it’s hired a new CFO. Ned Segal is joining the company from Intuit, where he was senior vice president of finance. He also has investment banking experience, having spent 16 years at Goldman Sachs. This could come in handy if Twitter decides to sell themselves. (Just saying!) Read More