finance

Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO

The real estate market regularly goes through ups and downs, but today comes big news for a startup in the space that has built a platform that it believes can help all players in it — buyers, s

Why this Nigerian fintech startup is volunteering audited financials

Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG. This comes four months after the company obtained a

Mobile messaging financial advisory service Stackin’ adds banking features and raises cash

When Stackin’ initially pitched itself as part of the Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audien

Flutterwave and Alipay partner on payments between Africa and China

San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. Flutterwave is a Nige

An exposed password let a hacker access internal Comodo files

A hacker gained access to internal files and documents owned by security company and former SSL certificate issuer Comodo by using an email address and password mistakenly exposed on the internet. The

Startups Weekly: SoftBank’s second act

In this week's newsletter: Everything you need to know about the Vision Fund II.

An inside look at the startup behind Ashton Kutcher’s weird tweets

Guy Oseary's latest undertaking, Community, nurtures celebrity-fan relationships through text.

Cryptocurrency loan site YouHodler exposed unencrypted user credit cards and transactions

A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password. Security researchers Noam Rot

Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.

Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is one of the slew

Free stock trading app Robinhood raises $323M at $7.6B valuation

Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. The Series E financing values the Menlo Park-headquartered business at $7.6 billio

UK challenger bank Atom raises another £50M from BBVA and more at £530M valuation

Another hopeful among Europe’s so-called challenger banks — startups taking on the big names in consumer banking by targeting niche groups of users with a more modern set of tools to manag

FTC slaps Equifax with a fine of up to $700M for 2017 data breach

Credit agency Equifax will pay up to $700 million in fines as part of a settlement with federal authorities over a data breach in 2017. The Federal Trade Commission said in a statement Monday that Equ

Box lands big financial services company with Morgan Stanley digital vault win

For many years, the argument went that it would be hard to get large enterprises to move to the cloud, then that it would be impossible to get regulated industries like healthcare and financial servic

VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsid

Congressional testimony reveals some faults in Facebook’s digital currency plans

As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces sign

AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors

Google and its flagship search portal opened the door to the possibilities of how to build a business empire on the back of organising and navigating the world’s information, as found on the int

Flybits nabs $35M to build consumer recommendation engines for the financial sector

Financial service companies like banks have seen some of their business cannibalised over the years with the rise of digital-based alternatives — often in the form of apps — that provide l

UK deep tech VC IQ Capital launches new $125M growth fund, closes third VC fund at $175M

IQ Capital, a U.K.-based deep tech fund that has invested in startups such as Paragraf, Senseye and Funderbeam, has launched a new $125 million Growth Opportunities Fund and closed its third venture f

UK-based women’s networking and private club, Allbright, raises $18.8 million as it expands into the U.S.

AllBright, the London-based women’s membership club backed by private real estate investment firm Cain International, has raised $18.8 million to expand into the U.S. The company’s new rou

Canal+ acquires Nollywood studio ROK from IROKOtv to grow African film

French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010 — and backed by $45 million  in VC — IROKOtv b
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