Finance

  • Revolut launches current accounts and a chatbot

    Revolut launches current accounts and a chatbot

    Slowly but surely, Revolut is getting closer to building an actual bank. The startup just announced the launch of current accounts — you can now get a personal IBAN, and the company plans to add other features soon. In addition to current accounts, Revolut is also introducing a chatbot to handle support requests. Revolut isn’t technically a bank account, it’s more or less… Read More

  • Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

    Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

    CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. This is a Series B investment and it was led by B Capital, the BCG-backed fund from Facebook co-founder Eduardo Saverin, and EDBI, the investment arm of the Singapore Economic Development Board. Read More

  • Alan and PayFit hook up so that your health insurance and payroll work together

    Alan and PayFit hook up so that your health insurance and payroll work together

    Two French startups liked each other so much that they’re now starting to see a future working together. PayFit wants to modernize the good old paychecks in France, while Alan wants to turn health insurance into software-as-a-service. If your company plans on using both, those two services now have a deep integration. The funny thing about this story is that I’ve covered both… Read More

  • Fintech is stimulating Chinese consumption and capital flow Crunch Network

    Fintech is stimulating Chinese consumption and capital flow

    Fintech is rapidly being adopted in China and is spurring consumption, both domestically in China and internationally. I interviewed the CEOs of three companies in China that are using fintech to boost purchases, ranging from daily necessities to international real estate transactions. Read More

  • N26 users can now get a credit line in five minutes

    N26 users can now get a credit line in five minutes

    N26 is iterating at an incredible pace these days with a ton of new product features and geographical expansions to build the most modern bank in Europe. But the new features always follow the same motto — your current bank sucks, everything should be simpler. Today, N26 introduces consumer credit done right. I saw a preview of the feature a couple of weeks ago and it was quite impressive. Read More

  • Financing growth with debt in the app economy Crunch Network

    Financing growth with debt in the app economy

    When it comes to obtaining financing to grow your app or game business, there are several options from which to choose that take a debt-based approach, rather than giving away equity in your business. Choosing the right type of financing is critical; making the wrong choice can be costly in both financial and non-financial terms. Read More

  • Greenlight is a debit card for kids that parents manage from their phones

    Greenlight is a debit card for kids that parents manage from their phones

    Greenlight, a three-year-old, Atlanta, Ga.-based startup, is trying to solve a problem that any parent of an elementary or junior high school student can well understand: how to give kids money without worrying that they’ll lose it or spend it on something they shouldn’t. It isn’t the first reloadable, prepaid card. MasterCard, Visa and American Express each offer… Read More

  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More

  • Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit

    Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit

    Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process. The details were made public for the first time in… Read More

  • Snapchat international user growth slowed in the second half of 2016

    Snapchat international user growth slowed in the second half of 2016

    Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More

  • Amazon fumbles earnings amidst high expectations

    Amazon fumbles earnings amidst high expectations

    Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In the immediate moments… Read More

  • Cuban: “Just plain stupid” to not go public

    Cuban: “Just plain stupid” to not go public

    Billionaire entrepreneur Mark Cuban spoke on stage at the Upfront Summit in Los Angeles on Thursday, where he voiced concern about the lack of tech IPOs recently. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, there have yet to be any tech IPOs in 2017. AppDynamics was supposed to debut in January… Read More

  • Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals

    Sources: Spotify may delay IPO to 2018 as it rethinks licensing deals

    Spotify — the music streaming company with over 100 million users (40 million of them paying) — has long been seen as one of the more likely candidates among larger tech startups to go public in 2017, but it looks like this plan may be shifting. TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay… Read More

  • H&R Block is now using IBM Watson to find tax deductions

    H&R Block is now using IBM Watson to find tax deductions

    Getting your taxes done is miserable. It’s complicated, time-consuming and costly — particularly for people whose financial situation requires them to seek help from tax professionals. The process is such a mess, even for said professionals, that H&R Block, one of the largest tax services providers, is partnering with IBM Watson to help make the process go more smoothly. Read More

  • SoFi buys Zenbanx to offer banking and money transfer services to its users

    SoFi buys Zenbanx to offer banking and money transfer services to its users

    Online lending firm SoFi announced today that it has acquired Zenbanx, a startup that offers banking, debit, payments and money transfer services to users online and through a mobile app. The combination of the two will allow SoFi to move deeper into the financial lives of its customers. While today it focuses on student-loan refinancing, mortgages and personal loans, integrating Zenbanx… Read More

  • ForeScout Technologies filed confidentially for IPO

    ForeScout Technologies filed confidentially for IPO

    ForeScout has filed confidentially for an IPO, TechCrunch has confirmed. The security company has submitted its S-1 and will be unveiling it to the public closer to its debut. The IPO is likely to happen in the next few months, with an exact date yet-to-be-determined. The JOBS Act from 2012 made it so that the companies could work on revisions to their filings without public scrutiny. It has… Read More

  • Yomoni raises $5.4 million for its automated portfolio management service

    Yomoni raises $5.4 million for its automated portfolio management service

    French startup Yomoni is a promising fintech startup operating robo-advisors. It means that you can give the company some of your savings, and the startup automatically manages a portfolio for you, buying and selling stocks, bonds and more. Yomoni just raised $5.4 million from existing investors Crédit Mutuel Arkéa and Iéna Venture (€5 million). The management team is also buying back some… Read More

  • Korea’s AIM raises $1.6M for its mobile trading service

    Korea’s AIM raises $1.6M for its mobile trading service

    Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. The fintech company has developed a system which works alongside existing investment institutions to allow users in Korea to make trades and investments via their smartphone. So rather than a… Read More

  • Raising a $32M Series A, Knock seeks to stand out with new model for selling homes

    Raising a $32M Series A, Knock seeks to stand out with new model for selling homes

    Online real estate service Knock is finishing up a $32 million Series A round led by RRE Ventures. The new company, founded by former Trulia executives, promises to handle the details of home sales in exchange for the traditional six percent commissions. Unlike legacy sellers, though, Knock promises you market-rate returns on your house in advance. And if, for whatever reason, your… Read More

  • Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter

    Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter

    With another big holiday quarter behind it, Apple saw revenues from its flagship iPhone product rise to $54.4 billion, up from $51.6 billion a year earlier. That revenue growth came as Apple reported units sold rose 5 percent to 78.3 million in its fiscal first quarter of 2017. That was a record for sales, and also beat analysts expectations by a couple of million. Wall Street forecast… Read More