Venmo

Circle raises $110 million (or 13,300 BTC)

Cryptocurrency startup Circle has raised a $110 million funding round, which values the company near $3 billion. Cryptocurrency mining company Bitmain is leading the round. Existing investors IDG Capi

Verizon stealthily launched a startup offering $40-per-month unlimited data, messaging and minutes

Earlier this year, Verizon quietly launched a new startup called Visible, offering unlimited data, minutes, and messaging services for the low, low price of $40. To subscribe for the service, users s

The FTC settles with Venmo over a series of privacy and security violations

The FTC announced today it has settled with PayPal over a complaint about the company’s handling of privacy disclosures in its peer-to-peer payments app Venmo, its lack of disclosure over the sp

French peer-to-peer payment app Lydia adds Apple Pay support

A peer-to-peer payment app that works similarly to Venmo from startup Lydia in France now works with Apple Pay (a feature originally announced in July), making it possible to spend your balance from t

Venmo users can now shop online anywhere PayPal is accepted in the U.S.

PayPal this morning announced its mobile payments service Venmo is now available at over 2 million online U.S retailers, allowing Venmo users to shop on the mobile web at almost everywhere PayPal is a

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

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 i

Crunch Report | SoftBank to invest in Uber or Lyft

Softbank wants to invest in either Uber or Lyft, iPhone 8 might scan your face and QR codes come to Venmo and Faraday Future is getting a factory in Hanford, California. All this on Crunch Report!

Venmo rolls out QR codes for user profiles in its mobile app

Venmo today rolled out a feature designed to make it easier to find friends within its mobile payments app, so you can add them to your connections list or get paid yourself. The feature, found under

Instant bank transfers are coming to PayPal and Venmo

PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “ins

Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

The U.S. banking industry’s answer to Venmo has now arrived. Starting this month, a new, person-to-person payments network called Zelle will roll out to the over 86 million mobile banking custom

PayPal shares up 7% after better-than-expected earnings

PayPal, the payments company, posted first-quarter earnings results after the bell on Wednesday. After surpassing analyst estimates with an adjusted 44 cents per share, compared to the 41 cents that m

PayPal continues to see strong revenue growth

PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billio

Innovation under the hood will rev the engines of a fintech revolution

New consumer-facing financial applications are being built on top of old banking infrastructure, while other startups are going around financial infrastructure altogether. Together, they are unbundlin

Verse banks $8.3M Series A to accelerate its p2p payments play in Europe

Another player in the packed p2p payments space is announcing an $8.3 million Series A funding round today. SF and Barcelona based Verse is gunning to be the Venmo of Europe -- given Venmo hasn’t ye

Zelle p2p payments push to compete with Venmo now has 19 US FI backers

The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has

The race to be the all-in-one app

There’s no denying that app fatigue is posing a challenge not just for new app discovery, but for new behavior discovery. So why don’t the most popular apps just enable the latest, greatest use ca

A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of t

Developing a global financial architecture

The movement of capital around the globe is of paramount importance to an increasingly globalized society. As companies, workers and jobs become more fluid across permeable borders, it will become inc

Tilt dives into one-to-one payments

Here’s a sentence you might not have expected to read: a service built around crowdfunding is building in a one-to-one payments option in what might be one of the most increasingly crowded space
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