Finance

  • So You Want To Build A Full Stack Startup In Fintech? Crunch Network

    So You Want To Build A Full Stack Startup In Fintech?

    A recent article in The Economist noted that fintech is “arguably the hottest spot in a bubbly funding environment for startups.” For the last few years, investors have dumped remarkable amounts of money into fintech startups. From payments to lending and investing, these smaller companies have caught the attention of industry incumbents, who have also been pouring money into these… Read More

  • Let’s Impair That Goodwill, Part 2

    Let’s Impair That Goodwill, Part 2

    Microsoft fired a number of executives today, including Stephen Elop, an executive that returned to the company following a tenure as Nokia’s CEO. Elop made his way back to Redmond after Microsoft bought the majority of Nokia’s hardware assets. And thus did Microsoft’s phone chickens come home to roost, and temporarily impair the company’s earnings per share. Read More

  • Doctor On Demand Pulls In $50 Million To Continue Expansion Of Its Virtual Doctor Visit Platform

    Doctor On Demand Pulls In $50 Million To Continue Expansion Of Its Virtual Doctor Visit Platform

    Telemedicine startup Doctor on Demand announced that it has raised $50 million in Series B funding and signed its 200th employer customer today. The funding will be used to continue to grow the service as well as sign up new partnerships. Doctor on Demand provides customers one-on-one sessions with physicians either through and individual account or through employer partnerships such as… Read More

  • The Next Fintech Sandbox Crunch Network

    The Next Fintech Sandbox

    It’s a new day for how we interact with money. You can pay for your morning latte without reaching for a credit card, let alone cash. Most of the recent buzz around financial technology focuses on power players such as Square and Venmo — fintech products that allow users to accept payments or exchange money easily, smoothing the pain points of everyday commerce. Read More

  • Money Transfer Startup Azimo Raises $20M At A $100M Valuation

    Money Transfer Startup Azimo Raises $20M At A $100M Valuation

    Azimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. While Azimo — which was… Read More

  • Will Bitcoin Finally Bring Down The House Of Medici? Crunch Network

    Will Bitcoin Finally Bring Down The House Of Medici?

    In the 14th century, the Medici Family used the power of their newly-invented double-entry accounting system to build a cross-border banking empire that banks still use today. Now more than six hundred years later, cross-border payments total more than $22 trillion. These transactions are essential to conducting international business, and increasingly important as global commerce continues… Read More

  • 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

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