Finance

  • Equity podcast: SoFi loses its CEO, big rounds for unicorns, and will this VC buy the iPhone X?

    Equity podcast: SoFi loses its CEO, big rounds for unicorns, and will this VC buy the iPhone X?

    Hello and welcome back to Equity, TechCrunch’s venture-capital themed podcast that we are bringing live to Disrupt SF next Wednesday. All the cool kids will be there to chat numbers and heckle. This week Katie Roof, Matthew Lynley, and myself — Alex Wilhelm — were joined by Accel’s Jake Flomenberg to dig through the biggest news of the week. And news there was. We… Read More

  • CashShield raises $5.5 million to prevent credit card fraud

    CashShield raises $5.5 million to prevent credit card fraud

    Over $10 billion is wasted every year due to fraudulent e-commerce charges and that number is growing. This is not only costly and time-consuming for the businesses, but also the credit card companies and customers. But now there are several startups including Signifyd that believe they can use technology to cut down on some of this fraud before it occurs. Another is CashShield, which has… Read More

  • SEC shows support for ICOs that are not obviously securities Crunch Network

    SEC shows support for ICOs that are not obviously securities

    The SEC appears to have taken very thoughtful action on two crypto projects to date. Nay-sayers are predicting the end, while proponents of crypto dismiss the actions. Here’s a quick analysis of what is actually happening. Read More

  • Social Capital to take startups public without an IPO

    Social Capital to take startups public without an IPO

    Silicon Valley venture firm Social Capital just completed the first step in its mission to take startups public without an IPO. The team has listed something called a special purchase acquisition company, known as a SPAC. More common outside of the tech industry, these blank-check companies are specifically designed to buy private companies and bring them public without going through the… Read More

  • Costanoa Ventures raises $175 million fund

    Costanoa Ventures raises $175 million fund

    Costanoa Ventures has raised a $175 million fund, the third fund for the Palo Alto-based venture firm. With a focus on enterprise technology, Costanoa Ventures typically invests at seed stage and Series A. The new fund brings the total capital for the five-year-old firm to $500 million under management. Read More

  • Apple slides through its iPhone X event without any major surprises for Wall Street

    Apple slides through its iPhone X event without any major surprises for Wall Street

    We’ve noted before that Apple tends to follow a pretty consistent trend: the company has a big iPhone event, and the stock price doesn’t really do all that much because everyone knows what to expect. That was particularly true in today’s case, as we knew pretty much everything about both new iPhones — and it means that Apple was able to play out the story that it set… Read More

  • Equifax says that it will waive credit freeze fees for 30 days

    Equifax says that it will waive credit freeze fees for 30 days

    In response to public outrage over its ongoing bungled response, Equifax stated on Twitter that it will waive credit freeze fees for 30 days. With so much personal data running around out there in the wild, credit freezes are one of the only things that those affected by the Equifax breach can do to protect themselves. Equifax’s existing offer of free credit monitoring for one year is… Read More

  • Venmo is offering users an (ugly) physical debit card

    Venmo is offering users an (ugly) physical debit card

    After Square unveiled a free debit card that would be tied to their Square Cash App, it was only a matter of time until we saw Venmo do something similar. TechCrunch has learned that Venmo is inviting some users to a beta program where they’ll be sent a card for free that is attached to their Venmo account. Read More

  • Equifax stock tumbles 14% after credit score hack

    Equifax stock tumbles 14% after credit score hack

    Credit score business Equifax revealed Thursday that 143 million people were compromised in a cyber attack. Social security numbers and other personally identifying information were accessed. And guess what, the stock market didn’t like it! The company lost about $2 billion in market cap Friday after tumbling nearly 14%.  Apparently, the company has known about the hack since July 29… Read More

  • Bitcoin price drops following report that China is going to shut down local exchanges

    Bitcoin price drops following report that China is going to shut down local exchanges

    Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China. In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, and vice versa. Read More

  • Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. Read More

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