Finance

  • Cross River Bank gets unconventional validation with a $28M VC round

    Cross River Bank gets unconventional validation with a $28M VC round

    In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley’s fintech startups, have backed the bank enabling many of their investments to lurch forward. Cross River Bank, the obscure financial institution that seemingly everyone in fintech has heard of but doesn’t really know, originated more than $2.4 billion in loans for… Read More

  • Blockchain is empowering the future of insurance Crunch Network

    Blockchain is empowering the future of insurance

    Every segment of insurance is under competition by entrepreneurs touting new ways to underprice risk, creating new types of premiums and servicing consumers in a tightly regulated on-demand economy. While most startups attempting to gain traction in the insurance market fall under incremental innovation, Blockchain for insurance could be characterized as disruptive. Read More

  • Bio
    Jeff Bezos, Mayo Clinic back anti-aging startup Unity Biotechnology for $116 million

    Jeff Bezos, Mayo Clinic back anti-aging startup Unity Biotechnology for $116 million

    Every once in a while someone in Silicon Valley brings up the possibility of living forever, or at least a really long time, but first we’re going to need to figure out a way to enjoy all those extra years. Unity Biotechnology is a startup focusing on medicines to help us do that by slowing the effects of age-related diseases. And the company announced it has pulled in a whopping… Read More

  • Etsy adds Adyen as a new payment processor in wake of Worldpay outage

    Etsy adds Adyen as a new payment processor in wake of Worldpay outage

    And they say wild west justice is no more. Etsy, the online marketplace for handmade goods, has just reached a deal with Adyen, a global payments processor, to help run its payments backend for the over 1.7 million sellers on the site. You may remember a few months ago that Worldpay, Etsy’s long-time payments processor, was party to a month long calamity that disrupted millions… Read More

  • Lending Club zooms into car refinancings in turnaround effort

    Lending Club zooms into car refinancings in turnaround effort

    Many Americans learned through Lending Club that they can refinance their credit card debt online; now, the lending marketplace is hoping they’ll start refinancing their automotive loans using its platform, too. Indeed, though automotive lending is a massive market, car refinance is far smaller owing to a lack of awareness, suggests Lending Club CEO Scott Sanborn, with whom we spoke… Read More

  • N26 announces a premium Black card with Allianz travel insurance

    N26 announces a premium Black card with Allianz travel insurance

    What’s missing from N26? The company has been slowly but surely building a new bank account from the ground up. This time, the company is trying to recreate the insurance product that you typically get with a Visa Premier or MasterCard Gold. So N26 is launching the N26 Black card. The startup has been working with an insurance company directly and is now able to provide the same kind… Read More

  • Root Insurance launches a new car insurance company

    Root Insurance launches a new car insurance company

    Alexander Timm has been working in the insurance industry since he was 14. While that’s strange enough, what’s even weirder is that Timm really loves the work. He’s so enamored of the business that he’s founded his own insurance company, Root Insurance, to remake the process of applying for — and insuring — drivers. There’s a lot happening in the… Read More

  • Enjoy the return and watch for unemployment Crunch Network

    Enjoy the return and watch for unemployment

    Those of us interested in marketplace lending have recently observed many pejorative headlines about P2P lending platforms, which mostly reported on Lending Club’s recent difficulties, but also criticized other platforms and the P2P lending model more broadly. Very few people anticipated this kind of a problem less than a year ago as investors were competing for allocations on platforms. Read More

  • Online VC FundersClub launches Network Search to better connect its 18,000 members

    Online VC FundersClub launches Network Search to better connect its 18,000 members

    Network effects in venture capital are no joke. Sure, people want to close rounds with brand name funds like Sequoia and Andreessen Horowitz because they validate startups. But perhaps more importantly, companies become more likely to succeed after closing high profile rounds because of their newfound access to the friends and connections of prominent investors. Alex Mittal, CEO of… Read More

  • Bryan Johnson invests $100 million in Kernel to unlock the power of the human brain

    Bryan Johnson invests $100 million in Kernel to unlock the power of the human brain

    Earlier this year, former Braintree founder Bryan Johnson publicly announced his plans to forge Kernel, a company with the sole purpose of building hardware and software to augment human intelligence. Today, Johnson is investing $100 million of his own money into the concept, looking to rapidly double the size of his team, shore up a portfolio of intellectual property and prepare for animal… Read More

  • Nintendo added $1.36 billion in market cap after Nintendo NX teaser

    Nintendo added $1.36 billion in market cap after Nintendo NX teaser

    In just a few minutes, Nintendo will unveil (update: meet the Nintendo Switch) the first official teaser for the Nintendo NX, the company’s next flagship console. While the console isn’t supposed to come out until March 2017, people are excited — including investors. A few minutes after Nintendo teased the NX preview on Twitter, Nintendo’s shares jumped. The company… Read More