Finance

  • Former Kleiner Kid Matt Murphy Heads To Menlo Ventures

    Former Kleiner Kid Matt Murphy Heads To Menlo Ventures

    Matt Murphy, formerly of Kleiner Perkins, is joining Menlo Ventures. The latter firm is currently investing a new $400 million fund. Murphy led Kleiner’s investment into Aerohive Networks, which is currently public, and has been involved with Egnyte, a firm that is looking to go public next year. Kleiner has become best known recently for gender bias suit filed by former denizen… Read More

  • Why Has “Social” Failed In Fintech? Crunch Network

    Why Has “Social” Failed In Fintech?

    Finance is littered with the graves of startups that have tried to do social. Remember, Kaching, Cake Financial, Robinhood.io? Everyone has failed. But this has not deterred a new crop of fintech entrepreneurs from throwing their hats into the ring. Venture capitalists again are pouring money into these startups. And it is likely to end in tears. Read More

  • Apple Pay Is Coming To The U.K. Next Month

    Apple Pay Is Coming To The U.K. Next Month

    Apple announced at WWDC that Apple Pay is coming to the U.K. as soon as next month. “We will launch with eight of the most popular banks, more coming this fall,” Jennifer Bailey said. As expected, the feature should work in a lot of stores as soon as it’s available. For instance, you’ll be able to use Apple Pay in London’s subway system. There are a few new… Read More

  • How Fintech Can Disrupt Africa’s Cash-Based Economy Crunch Network

    How Fintech Can Disrupt Africa’s Cash-Based Economy

    Paying at a local coffee shop or superstore with your smartphone instead of your bank card is convenient, but not much more convenient than using a credit card. While there is significant disruption in some fintech areas, such as international money transfer by companies like TransferWise and Azimo, other innovations can seem a bit cosmetic to Western users. Read More

  • Fintech’s Forgotten Markets Crunch Network

    Fintech’s Forgotten Markets

    Money is pouring into fintech. In 2014, global investment in financial technology startups spiked to more than $12 billion. That’s three times what it was just a year prior, according to Accenture. There have also been some huge funding wins this year. Most recently, zero-commissions trading app Robinhood announced $50 million round and financial education site NerdWallet attracted… Read More

  • The Year That Was And Will Be In Mobile Payments

    The Year That Was And Will Be In Mobile Payments

    The many success and failures of mobile payments and related solutions witnessed so far brings home a very simple fact-one mobile-based financial solution will not cater to all markets. After all, how can it? The mobile finance space itself is so vast: you have payments, payment-related services and commerce. Read More

  • Alibaba Invests $194M Into China Business News To Build A Financial Data Platform

    Alibaba Invests $194M Into China Business News To Build A Financial Data Platform

    Alibaba, the Chinese internet giant, is currently focused on investing internationally to grow its business, but is also continuing to build out operations at home. In the latest move, it has invested $193.6 million (RMB1.2 billion) into China Business News to create a new financial data and information services company. “The era of Data Technology is here and it will surpass the… Read More

  • Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business

    Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business

    Brazil is one of the world’s fastest growing mobile markets, with 90 million smartphones in circulation among a population of about 200 million, and today a fin-tech company that has focused on catering to that growing group of users has raised a significant round of funding. Nubank, which has developed a platinum Master Card credit service that you apply for and manage using only… Read More

  • Will Silicon Valley Or Hollywood Solve Wall Street’s Churn Problem? Crunch Network

    Will Silicon Valley Or Hollywood Solve Wall Street’s Churn Problem?

    In this year’s annual letter to shareholders, JP Morgan’s CEO Jamie Dimon warned that “Silicon Valley is coming.” From investing to payments and lending, the rise of fintech has left many of the big banks and brokerages worried. In a March research report, Goldman Sachs estimated that 7 percent of annual bank profits ($11 billion-plus) may be at risk to non-banking… Read More

  • The Unbundling Of Finance Crunch Network

    The Unbundling Of Finance

    In a world where everything is being unbundled, allowing consumers to pick and choose from things like television shows and college courses, financial services are becoming a la carte as well. People, particularly millennials, are moving away from single monolithic banking institutions serving the majority of their financial needs to hand picking the specialized services that work for them. Read More

  • This Week On The TechCrunch Bitcoin Podcast: A Conversation With Nathaniel Popper

    This Week On The TechCrunch Bitcoin Podcast: A Conversation With Nathaniel Popper

    This week on TCBTC, TechCrunch’s bitcoin podcast, our own John Biggs sat down with Nathaniel Popper, author of Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money, a new book focused on the cryptocurrency. Read More

  • Google Takes Another Shot At Mobile Payments With Android Pay

    Google Takes Another Shot At Mobile Payments With Android Pay

    At its I/O developer conference today, Google announced Android Pay, a new payments solution native to its mobile operating system. In addition to making it easier to pay at a merchant’s point of sale via NFC, the new system lets merchants integrate payments directly into their apps for selling physical goods and services using an Android Pay API rather than integrating a third-party… Read More

  • Target Wants To Offer Apple Pay, But Focus Is On Chip And Pin

    Target Wants To Offer Apple Pay, But Focus Is On Chip And Pin

    Target CEO Brian Cornell said today at the Code conference that the company is committed to offering Apple Pay as an option for customers. “I’d love to have Apple Pay in our system right now,” said Cornell, adding that he sat down with Tim Cook and explained that Target would be supporting it. Read More

  • Speakers At The Europas Conference And Awards Reflect Europe’s Diversity, June 16, London Crunch Network

    Speakers At The Europas Conference And Awards Reflect Europe’s Diversity, June 16, London

    The Europas Conference & Awards for European Tech Startups, on June 16 in London, is an annual celebration of Europe’s brightest tech companies. From a small bar in central London in 2009, it’s become a fixture of the European scene, with its highly curated daytime speakers and audience, which combines the key startup players in Europe, as well as the hottest newcomers… Read More

  • Bitcoin Might Be The Next Big Thing In The Remittance Market Crunch Network

    Bitcoin Might Be The Next Big Thing In The Remittance Market

    Since its inception in 2009, bitcoin has been disrupting the money exchange market and the currency industry. As the remittance market is moving from brick and mortar retail network to digital, bitcoin might be the next technology to keep reducing and easing money transactions. Read More

  • The Shift In Assets Crunch Network

    The Shift In Assets

    Asset prices are more sensitive to very low interest rates than most suspect. Global interest rates are now at historic lows. Conversely we are seeing record prices for asset prices be they share prices of listed companies, privately held Internet startups, art, collectible cars or real estate. Read More

  • What The U.S. Can Learn About Financial Inclusion From The Developing World Crunch Network

    What The U.S. Can Learn About Financial Inclusion From The Developing World

    Financial inclusion — expanding access to financial services to those on the margins — is often advocated as a priority for the developing world. And rightly so: It can increase economic security for the people who need it most and promote economic development where those people live. Read More

  • Happy Bitcoin Pizza Day!

    Happy Bitcoin Pizza Day!

    Every May 22 cyphernerds around the world celebrate Bitcoin Pizza Day, the day when early bitcoin enthusiast and programmer Laszlo Hanyecz offered 10,000 bitcoins – about $25 at that time – for two Papa John’s pizzas (pictured above). In 2010 he posted this to a bitcoin message board: I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I… Read More

  • PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    Digital commerce company PayPal is moving to establish itself as “more than just a button” to a global payments platform as it readies a split from parent company eBay later this year. “We’re coming into the market at a time when the financial services industry is going through some fundamental shifts,” new PayPal CEO Dan Schulman said at PayPal’s… Read More

  • Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Dropbox shed an executive today. The storage and file-sharing company’s Ilya Fushman is joining Index Ventures as a general partner. Index Ventures led Dropbox’s $250 million Series B round of funding. Benchmark, Greylock and IVP also participated in that round. According to startup and funding database CrunchBase, Dropbox has raised north of $1 billion during its life. Read More