Finance

  • Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication

    Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication

    The company’s backers include a who’s who of Wall Street financial companies: Bank of America Merrill Lynch, BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo. Last fall, these companies contributed $66M to finance Symphony, and using that money, purchased Perzo, a… Read More

  • The New Rules Of Going Public

    The New Rules Of Going Public

    According to a recent report, Twilio wants to go public. Twilio, a company that provides software-based communications tools for developers, closed out 2014 on a $100 million annual run rate. Or, put another way, Twilio brought in just over $8 million in top line last December. Box, New Relic and Hortonworks each recently proved that the IPO window is open and that investors have an appetite… Read More

  • RapidMiner Picks Up $15M More To Scale Its ‘Business Source’ Data Analytics Service

    RapidMiner Picks Up $15M More To Scale Its ‘Business Source’ Data Analytics Service

    This week, RapidMiner announced that it has raised a $15 million Series B round of capital. The company had previously raised a total of $5 million, bringing its total capital tally to $20 million. The round was co-led by Ascent Venture Partners and Longworth Venture Partners. RapidMiner, headquartered in Cambridge, Mass., provides what it describes as “code-free” analytics tools. Read More

  • SkyGiraffe Raises $3M More To Help Companies Build Mobile Apps

    SkyGiraffe Raises $3M More To Help Companies Build Mobile Apps

    SkyGiraffe, a startup that helps companies quickly build and deploy apps, has raised a $3 million Series A round of capital, led by Trilogy Equity Partners. Prior investor 500 Startups participated in the capital event. Trilogy, unsurprisingly, picked a board seat as part of the round. The market that SkyGiraffe focused on, custom apps for businesses, is a hot space at the moment. Earlier… Read More

  • Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor

    Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor

    Samsung has acquired LoopPay, the companies announced today. The acquisition confirms earlier rumors that suggested the two were working closely together on an upcoming project, and suggests Samsung could make use of LoopPay’s technology to offer is own Apple Pay competitor on future devices. LoopPay even advertises its solution as an alternative to Apple Pay for non-Apple device makers… Read More

  • K2 Picks Up More Than $100M To Fuel Its Growth

    K2 Picks Up More Than $100M To Fuel Its Growth

    K2, a company that helps companies build business apps, has raised more than $100 million from Francisco Partners in a Series C round of capital. The Bellevue-based firm previously raised $16 million in 2006. Francisco will pick up two board seats as part of the deal. As a firm, K2 has seen quick growth in recent years. The company told TechCrunch that its subscription revenue has grown… Read More

  • WorldRemit Raises $100M To Take On Western Union In Money Transfers

    WorldRemit Raises $100M To Take On Western Union In Money Transfers

    WorldRemit, a UK-based startup that is going after the Western Unions and MoneyGrams of the world with a commission-beating online and mobile remittance service, has raised another $100 million — funding that it will use to continue building out its service globally, and specifically in the U.S., where it has laid down roots in Denver. The funding comes from new investor Technology… Read More

  • YC-Backed Seed Wants To Reinvent Business Banking

    YC-Backed Seed Wants To Reinvent Business Banking

    Seed thinks that business banking is opaque, expensive, and behind the times. The company, which is part of the Winter 2015 Y Combinator class, wants to shake up banking, bring it into the API era, and rip out unnecessary fees to make it, according to its CEO Brian Merritt, as “easy as possible to start and manage a business.” Read More

  • Startups, Late-Stage Valuations, And Bull

    Startups, Late-Stage Valuations, And Bull

    Bill Gurley, a general partner at Benchmark, makes news mostly because he says what other venture capitalists will tell you while drunk, but does so while on the record. It’s refreshing in a way. Most recently, Gurley made the point that the tech and investment industries are shoving nine and ten-figure sums of cash into startups while not enjoying a full dig into their financials. In… Read More

  • This Week On The TechCrunch Bitcoin Podcast: Let’s Play Poker

    This Week On The TechCrunch Bitcoin Podcast: Let’s Play Poker

    Hello friends, and welcome back to another episode of the mostly accurate TechCrunch bitcoin podcast, better known as TCBTC. This week we dig back into the gambling question on the back of some recent news, and then decipher the current growth of Coinbase as a market to buy bitcoin. Also, John Biggs gets some numbers backwards, and Jameson Lopp shows up to show us up. Read More

  • Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06, But Posts Weaker Outlook For Q1

    Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06, But Posts Weaker Outlook For Q1

    Groupon, the daily deals platform that has been making an effort to widen its business into local commerce and more mobile services, appears to be turning is ship around. Today, the company posted Q4 earnings with a 20% rise in Q4 revenues to $925.4 million on non-GAAP EPS of $0.06 and GAAP EPS of $0.01 — results that handily beat analyst estimates. Analysts were expecting revenues… Read More