Daily Crunch: After 16 months on the job, Better.com CTO Diane Yu steps down
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
It turns out fintech is worth as much as SaaS
The lesson appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.
How Western Union is fighting back against fintech startups
The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operati
Remitly raises $85M at a $1.5B valuation, says money transfer business has surged
Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing econo
Now more than ever we need fintechs to lead on consumer transparency
As the US flirts with extreme market volatility and the possibility of its first recession since 2008, it’s amazing to think how much consumer financial services have changed in that time.
Money-transfer startup Remitly launches Passbook, a neobank aimed at immigrants
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer ba
It’s time for tech startups to get political
We’ve found that when you have a clear message and a clear mission, even a startup can make a big difference.
In the shadow of Amazon and Microsoft, Seattle startups are having a moment
Companies in Seattle raised a record $3.5B in VC funding this year.
Ally raises $8M Series A for its OKR solution
OKRs, or Objectives and Key Results, are a popular planning method in Silicon Valley. Like most of those methods that make you fill in some form once every quarter, I’m pretty sure employees fin
Visa pitches a program offering fintechs faster market access through an ecosystem of partners
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track program, a variant of an investment commitm
Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation
When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues t
Naspers-owned PayU doubles down on India with $70M deal to buy Wibmo
PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo,
Onfido, which verifies IDs using AI, nabs $50M from SBI, Salesforce, Microsoft and more
Security breaches, where malicious hackers obtain snippets of information that then get used to impersonate individuals in order to gain access to individuals’ and businesses’ sensitive fi
Techstars will build and launch startups with new venture studio
Techstars is announcing Techstars Studio, its latest attempt to bring corporations closer to the startup ecosystem.
Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone,
Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked&#
A Q&A with DFJ Partner, Bill Bryant, on “unicorn” valuations and startup investing
Jasper Kuria Contributor Share on Twitter Jasper Kuria is the managing partner of CRO consultancy The Conversion Wizards and is the founder of Capital & Growth, an e-commerce education site. More
Remitly raises $38.5M more to take on Western Union, passes $1b transferred annually
Remittances are a huge business, with $582 billion transferred in 2015 and $432 billion of that sent specifically to emerging markets, according to the World Bank. Today, one of the bigger star
Remitly Buys Talio To Boost Its Money Transfer App With Messaging Features
While Facebook moves deeper into using its Messenger platform as a vehicle for people to transfer money to each other, an app built for helping people transfer money is adding more messaging features.
Mobile Money Transfer Service Remitly Closes $5.5 Million Series A
Though the tech world is frothing over the potential found in new cryptocurrencies like Bitcoin, other companies have been working to solve the very real (if less buzzy) needs of today’s users w