• Web: Banking apps are making saving easier

    ow to get a millennial to save? Do it without us noticing, apparently. Tandem, an all-digital bank, wants “to liberate from stress” its 325,000 customers by inviting them to test its new auto-savings feature.


    Ricky Knox, the chief executive of Tandem, says millennials in particular are setting themselves unrealistic ...

  • Web: How Fintech Is Reinventing the Installment Loan

    If you’ve shopped online recently, you may have seen Affirm on the checkout page, next to the familiar options to pay with a credit or a debit card. If not, you will probably notice it over the holiday shopping season. Affirm combines the ease of paying online with the ...

  • Web: How FinTech is Changing the Game for Microbusinesses

    The FinTech ecosystem is a financial evolution in itself. Right from money transfers to personal loans, from account management to asset management, FinTech is rapidly making its way into the lives of the tech-savvy microentrepreneurs of today. Just a few years ago, the only way to start a business was ...

  • Web: Will AI-based Agents on Blockchain Replace User Interfaces?

    Does your mopping robot or your food processor have names? Do you ascribe a character to them? Unless you’re a robot yourself, you probably do.


    The entire history of engineering has been about making the most human-like machines possible. We humans are hardwired to process social interactions, so we ...

  • Web: Bitcoin for Payments a Distant Dream

    The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.


    The value of bitcoins handled by major payment processors shriveled nearly 80 percent in the year to September, data ...

  • Web: JPM's Ethereum-Based Blockchain Payments Trial Adds 75 Banks

    A blockchain payments trial jointly launched by a trio of banks led by JPMorgan has roped in 75 new banks globally for seamless and faster interbank settlements.


    First deployed by JPMorgan in October 2017, the Interbank Information Network began as a blockchain experiment to minimize the participants and friction typically ...

  • Web: Payment Startup Stripe Is Now a $20B Company

    The famed Silicon Valley venture capitalist Reid Hoffman  often says that his biggest investing whiff was passing on Stripe Inc. As each year ticks by, it’s becoming easier and easier to tell why missing out on the payments startup might sting so badly.


    Stripe has just closed a $245 ...

  • Web: Bitcoin investors beware: The IRS wants its piece of the action

    If you didn't tell the IRS about your gains from bitcoin or other cryptocurrencies in the past, you might regret it this year.


    With bitcoin down more than 50 percent so far in 2018, there's a chance some investors have triggered (or will trigger) a tax loss this ...

  • Web: SBI Ripple Asia Wins Payments License for Blockchain Money App

    A joint venture between SBI Holdings and Ripple has moved a step closer to launching its blockchain-based payments app for consumers.


    SBI Ripple Asia announced Wednesday it has completed registration with the Kantou bureau of Japan's Ministry of Finance as a licensed agent for handling electronic payments.


    The move ...

  • Web: Fintech Lending Booms. Is That a Good Thing?

    Fintech lending has grown fastest in countries with higher income, less competitive banking sectors, and loose financial regulation, the Bank of International Settlements has found in a new report.


    But the biggest findings in the report are what the BIS, the bank for central banks, doesn’t know: How fintech ...

  • Web: Facebook and Google Chase a New $1 Trillion Payments Market

    Surendrasingh Sucharia always has a few thousand rupees in his pocket, but can’t recall the last time he used cash. The 29-year-old product manager in Bangalore uses a string of smartphone apps including ones from Google and India’s Paytm to pay for everything from $40 bags of groceries ...

  • Web: Bitcoin At $7000, Undervalued Or Overvalued?

    At $7,000, Bitcoin can be both undervalued or overvalued, depending on how the “intrinsic” value of the digital currency is calculated.


    After testing the $6000-mark for a while, Bitcoin has staged a big comeback lately. In the last seven days, the digital currency has rallied 6.15%, trading close ...

  • Web: 84% of companies are dabbling in blockchain (PWC)

    Companies don't want to be left off of the blockchain bandwagon.


    In a new report published by PwC on Monday, 84 percent of executives surveyed said their companies are "actively involved" with the technology.


    "Everyone is talking about blockchain, and no one wants to be left behind," according to ...

  • Web: Germany's No.2 Stock Exchange is Developing an ICO Platform

    Germany's second-largest stock exchange is developing an ICO platform, it announced on Thursday.


    Boerse Stuttgart expects to roll out the platform as part of  larger "end-to-end infrastructure" for "digital assets" it is currently developing, and says the ICO platform will allow token issuers to conduct token sales with "standardized ...

  • Web: The Future of Blockchain, According to the CEO of the World's Biggest Crypto Company

    Changpeng Zhao is down to earth for a crypto billionaire. The CEO of Binance, which emerged out of nowhere last year to become the world’s biggest cryptocurrency exchange, isn’t given to boasting or swaggering pronouncements.


    Instead, the man people call “CZ” is friendly and quietly focused on building ...

  • Web: Use of Bitcoin for Payments Declines Despite Its Bigger Stability

    The use of Bitcoin as a means of payments is declining, according to a report by Chainalysis which found that the coin is not suitable for micropayments but is still used by entities to pay vendors, especially freelancers.


    The use of Bitcoin as a means of payment by the 17 ...

  • Web: At What Level Do Institutional Buyers Join The Bitcoin Rally?

    Bitcoin bulls are losing control again and the bitcoin price is back where the rally took off. The rally started on July 13, when the price formed a low of 6081 and there were some serious concerns that the price could break below the $6,000 mark. The bitcoin price ...

  • Web: Analysts say payment companies are a better bet then big tech

    Big Tech companies have hit a speed bump. After powering market gains in recent years, investors are questioning whether the likes of Facebook can keep growing at awe-inspiring rates. With business models that rely on selling user data to advertisers are under fire in Washington and Brussels, there are better ...

  • Web: KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017's Total

    Investment in the blockchain industry is booming in the U.S., according to "Big Four" auditing firm KPMG.


    Published Tuesday, the company's "Pulse of Fintech 2018" report states that traditional venture capital investments in U.S.-based blockchain companies in the first half of this year have already exceeded ...

  • Web: Blockchain Suffers Slowdown

    Corporate America’s love affair with all things blockchain may be cooling.


    A number of software projects based on the distributed ledger technology will be wound down this year, according to Forrester Research Inc. And some companies pushing ahead with pilot tests are scaling back their ambitions and timelines. In ...

  • Web: The Bitcoin Price Is Tanking -- Here's Why

    The bitcoin price bull run over the last month, which saw it climb from around $6,300 to highs of $8,400 in a matter of weeks, could be over.


    Bitcoin has slumped by 5% over the last 12 hours, falling well below the psychological $8,000 mark as traders ...

  • Web: US Eases Rules on FinTech Companies



    Federal officials said Tuesday they would make it easier for financial technology firms to operate nationwide following a Trump administration report calling for sweeping regulatory changes to advance new fintech companies and services.






    Just hours after the Treasury Department unveiled its long-awaited findings, the Office of the Comptroller of the ...

  • Web: Apple will lead 1 in 3 store payments to be contactless by 2020

    Contactless payments — secure wireless transactions aided by NFC — are gaining on magnetic swipe and chipped cards at retail establishments, according to the financial technology analysts at Juniper Research, and mobile devices can be thanked for the unexpectedly speedy transition. Juniper estimated today that “OEM Pay wallets” will account for one ...

  • Web: IBM trials blockchain platform aimed at banks

    IBM launched a blockchain platform for financial services on Monday as it continued to bolster its offerings of the much-hyped technology.


    Blockchain is the technology that underpins the cryptocurrency bitcoin. It's a public ledger of activity on the bitcoin network that is tamper-proof. But banks and other institutions are ...

  • Web: Bitcoin Miners See A Bullish Breakout On The Horizon

    The price of bitcoin surged above $8,000 last Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded with little urgency to take regulatory action on cryptocurrencies. In a communiqué, G20 finance ministers and central bank governors expressed confidence that the technology ...

  • Web: UK's FCA Looks to Update Rules for Loan Based Crowdfunding

    The UK Financial Conduct Authority (FCA) has finally released its long awaited post-implementation review of crowdfunding regulation. As has been widely rumored for quite some time, the FCA is looking to adjust rules governing loan based crowdfunding, also labeled peer to peer lending, while leaving the equity side, a more ...

  • Web: The hottest blockchain companies of tomorrow

    Billions of dollars are being spent, right now, to solve a problem we didn’t know existed a few years ago. 


    The problem boils down to creating a decentralized app platform that’s secure, scalable and governed in a fair, transparent way. And the solution might change the world in ...

  • Web: Pantera Reports Massive 5-Year Crypto Return

    Cryptocurrency investment firm Pantera Capital reported a more than 10,000 percent lifetime return on Friday, coming five years after its formation.


    In an email, co-chief investment officers Dan Morehead (who is also CEO) and Joey Krug shared the figure as they celebrated the fund's fifth anniversary. Perhaps unsurprisingly ...

  • Web: Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time

    The U.S. Securities and Exchange Commission (SEC) has once again rejected an effort by investors Cameron and Tyler Winklevoss to list a bitcoin ETF.


    The move comes more than a year after the SEC turned down a rule change request from the Bats BZX Exchange that would have paved ...

  • Web: Flywire Raises $100M for its Payments Platform

    Flywire, a Boston-based fintech company that helps universities, hospitals and businesses accept foreign-currency payments, has raised $100 million in new funding. Temasek, a Singapore investment company with a $235 billion portfolio, led the Series D round. Bain Capital Ventures and Fidelity’s F-Prime Capital also contributed.


    The 300-person company expects ...

  • Web: Revolut slashes fraud with disposable virtual cards

    Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction in card fraud cases.


    In March Revolut began letting customers create disposable virtual cards in seconds, with card details that automatically regenerate after every transaction. This means that, even if ...

  • Web: Automated debt management app Tally raises $25M

    Tally, an automated credit card debt management app, has raised $25 million in a Series B funding round led by Silicon Valley VC Kleiner Perkins.


    Previous investors Shasta Ventures, Cowboy Ventures and Sway Ventures also participated in the round, the proceeds of which will be used to scale the business ...

  • Web: CoinDesk Releases Q2 2018 State of Blockchain Report

    To use crypto parlance, the second quarter was a painful time if you were HODLing – but a productive one if you were BUIDLing.


    That's perhaps the biggest takeaway from CoinDesk's State of Blockchain Q2 2018 report.


    For a second straight quarter, the major blockchains racked up negative market ...

  • Web: Square Capital Pulls eBay Into SMB Lending Space

    When eBay announced that it would be accepting Apple Pay, it wasn’t the only new development for the online marketplace.


    The company also revealed a partnership with Square to offer financing to companies selling on eBay, heating up competition with its rival, Amazon.


    Bloomberg reported Tuesday (July 24) that ...

  • Web: Google Expands Blockchain Push With Digital Asset Tie-Up

    Google is increasingly betting that blockchain technology, which creates a permanent ledger across multiple computers, will be key to competing with Amazon and Microsoft in cloud services. To that end, Google and the New York-based startup Digital Asset announced a partnership on Monday to bring blockchain to Google Cloud.


    “We ...

  • Web: One Of The World’s Largest Banks Seeking Blockchain Patent

    A patent application from the Industrial and Commercial Bank of China (ICBC) outlining a 

    Web: Insurance on the Blockchain

    From better risk visibility & faster claims processing to collectively fighting fraud, blockchain can provide comprehensive benefits across the insurance value chain.


    Blockchain implementation can enormously accelerate insurance transformation and steer the industry towards digital collaboration and interoperability. Permissioned blockchains deployed in insurance consortia yield comprehensive industry benefits across the value ...

  • Web: Coinbase is Acquiring a Securities Dealer

    Every day, tech investors and reporters are pitched on new services that intend to generate digital tokens that its creators expect will trade . . . somewhere.


    Perhaps unsurprisingly, Coinbase, known currently for trading a handful of the largest cryptocurrencies, wants to be that somewhere. To that end, it’s acquiring securities dealer ...

  • Web: The Absolute Beginner’s Guide to Cryptocurrency Investing

    Rise of the Cryptocurrencies


    As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of ‘Bitcoin price hits new all-time high’ and ‘Ethereum price surges’ are starting to perforate the general public’s news feed ...

  • Web: A Beginner's Guide To Blockchain

    You may have heard the term ‘blockchain’ and dismissed it as a fad, a buzzword, or even technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform the financial services but many other businesses and industries.


    A blockchain is a ...

  • Web: Online lender Kabbage to launch payment services by year-end

    NEW YORK (Reuters) - Kabbage Inc, a U.S. online lender for small businesses, plans to launch payment processing services by year-end, President Kathryn Petralia said on Monday, helping it to diversify and compete more directly with industry leaders PayPal Holdings Inc (PYPL.O) and Square Inc (SQ.N).


    The Atlanta-based ...

  • Web: Global Fintech Funding has Fallen Dramatically

    After significant growth in Q1 2016, global VC-backed fintech funding in Q2 2016 dropped back to levels closer to those seen in Q4 2015, according to data from KPMG and CB Insights. 


    Funding reached $2.5 billion in Q2 2016, down 49% from $4.9 billion Q1 2016, and down ...

  • Web: The great new era of Bitcoin isn't happening

    The big new thing isn’t going to replace the boring old thing that’s been around forever. Ever.


    Market bubbles are often based on “new paradigm” thinking – like a new concept or technology that’s considered revolutionary and with unlimited profit potential. But as prices keep rising, and paper ...

  • Web: Finance and risk functions poised to unlock Blockchain's potential

    While financial institutions discuss and evaluate the potential benefits of blockchain, finance and risk executives are perfectly positioned to capitalize on its potential today.


    When does hype become reality? It’s an interesting question that often comes with an ambiguous, imprecise answer – particularly when we’re talking about the world ...

  • Web: Bitcoin is not money, judge rules

    A judge dismissed a widely watched money laundering case in Florida on Monday by ruling that Bitcoin, the cryptocurrency, is not money.


    Michell Esponiza, the defendant, had sold $1,500 worth of the virtual currency to undercover police officers who said they intended to buy stolen credit card numbers with ...

  • Web: MasterCard to acquire majority stake in VocaLink

    MasterCard has entered into a definitive agreement to acquire 92.4% of UK-based payment systems company VocaLink Holdings Limited for £700m (€842.28m, $929.37m). The American cards issuer announced the same on Thursday (21 July) and added the deal was subject to regulatory approvals and other customary closing conditions ...

  • Web: Silicon Valley team want to create a new stock exchange

    A startup backed by prominent Silicon Valley names is moving toward creating a new US stock exchange, one with additional rules for companies and investors designed to reward long-term shareholding and business strategies to generate long-term results.


    Eric Ries, a San Francisco entrepreneur and author of The Lean Startup, said ...

  • Web: Facebook testing social commerce payments

    Facebook is expanding its focus on payments with a new trial in Southeast Asia that allows users to pay for products listed on Facebook Pages with just a few clicks.


    The social network is running a trial in Thailand which allows users to make a payment to a Page owner ...

  • Web: Online lender SoFi receives triple-A Moody's rating

    There is some good news for at least one online lender: Social Finance Inc., known as SoFi, for the first time received the highest possible credit rating from Moody’s on a new bond deal.


    SoFi received a triple-A rating from Moody’s Investors Service on its most recent securitization ...

  • Web: Blockchain Startups Make Up 20% of Largest Crowdfunding Projects

    The list of top crowdfunding campaigns is becoming increasingly blockchain dominated as of late.


    As a quick refresher, the concept and structure of a “blockchain” was first introduced to the world in the bitcoin whitepaper in 2008, written under the pseudonym Satoshi Nakamoto.


    Generally, a blockchain is a public, distributed ...

  • Web: Treasury department says online lenders need more oversight

    The online lending marketplace took another hit Tuesday after regulators issued a report calling for more oversight of the industry.


    The Treasury department released a white paper that characterized the industry as “untested” and called for more regulation of the market. The report, which was requested last year, coincidentally came ...

  • Web: Crowdfunding Site SyndicateRoom Valued at £25M

    Crowdfunding platform SyndicateRoom is doing a second crowdfunding round on its own website to fund its expansion into the public markets.


    SyndicateRoom is hoping to raise at least £2.3 million at a valuation of £25 million. The startup was valued at £9 million in a £1.2 million funding ...

  • Web: Australian Claims to be Bitcoin Creator

    Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.


    His admission follows years of speculation about who came up with the original ideas underlying the digital cash system.


    Mr Wright has provided technical proof to back up his claim using coins known to be owned by ...

  • Web: Online lending startup Affirm raises $100M

    Don’t expect your mounting worries about the tech investment bubble to slow down the PayPal mafia.


    Affirm, the online lending startup led by PayPal co-founder Max Levchin, this week disclosed a cool $100 million in series D equity. The lead investor: Founders Fund, the venture capital firm started by ...

  • Web: Japan Wants Tourists to Pay with Fingerprints

    Japan will begin testing a program that will allow tourists to pay for goods using only their fingerprints, according to The Yomiuri Shimbun, a Japanese newspaper.


    The Japanese government is hoping that the new system will decrease crime and alleviate tourists' worries about cash or credit cards.



    When tourists arrive ...

  • Web: Microsoft partners with banks on Blockchain tech

    Microsoft Inc. has pulled ahead of Alphabet Inc.’s Google, International Business Machines Corp., and Amazon.com Inc. in the race for supremacy in operating other companies’ blockchains.


    Microsoft and R3, a consortium of 43 financial institutions, have formed a strategic partnership to accelerate the use of the blockchain technologies ...

  • Web: Ethereum, a virtual currency, is challenging Bitcoin's supremacy

    A new virtual gold rush is underway.


    Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months.


    Beyond the price spike, Ethereum is also attracting attention from giants in finance and ...

  • Web: How smartcard Coin bounced back from near failure

    What to do if your product launch goes awry?


    Coin, a smartcard startup, had that experience after much fanfare and an impressive crowdfunding campaign.  The YC-backed company raised $50,000 in less than an hour.  The concept — to store all your credit cards, membership cards, and gift cards on a ...

  • Web: Blockchain intelligence startup Elliptic raises $5M

    Startup Elliptic has closed a $5 million Series A funding round led by Paladin Capital Group, as it seeks to cash in on the distributed ledger craze with its technology for identifying illicit activity on the blockchain.


    Santander InnoVentures, KRW Schindler, Digital Currency Group, and existing investor Octopus Ventures also ...

  • Web: Square acquires predictive analytics startup Framed Data

    Square is acquiring the team behind Framed Data, a predictive analytics service, and will be deploying the team of data scientists to its Square Capital team.


    Square tracks merchants’ transaction history through its services in order to better determine their eligibility for loans through Square Capital. There are certainly a ...

  • Web: Alibaba's financearm Ant Financial valued at $60B

    Ant Financial, the Alibaba spinoff that operates popular Chinese digital wallet Alipay, is raising a new round of funding at a $60 billion valuation, according to Reuters.


    The Wall Street Journal reported that Alipay is seeking to raise as much as $3 billion in new funding.


    Alipay is a digital ...

  • Web: AlphaSense, search engine for financial professionals, raises $33M

    In yet another sign of how technology is remaking Wall Street, AlphaSense, a smart financial search engine, announces Monday $33 million in funding.


    Investors include Tribeca Venture Partners, Triangle Peak Partners, Quantum Strategic Partners (which is managed by Soros Fund Management), Tom Glocer, the former CEO of Thomson Reuters,as ...

  • Web: Financial Robo-advisor MoneyFarm Expands

    Italian robo-advisor MoneyFarm has launched in the UK, enabling Brits to download an app and manage their investments from their iPhones.


    MoneyFarm is one of several robo-advisor outfits looking to disrupt the wealth management market by using technology to deliver advisory services at a fraction of the cost seen at ...

  • Web: Signifyd goes for growth with $20M funding round

    Signifyd today announced it has closed $20 million in Series B funding led by Menlo Ventures, with additional participation from Allegis Capital, IA Ventures, QED Investors, Bill McKiernan and Tim Eades. Pravin Vazirani, a general partner at Menlo Ventures, will also join its Board of Directors.


    This new round brings ...

  • Web: MasterCard to replace passwords with selfies

    MasterCard customers will soon be able to replace their passwords with a "selfie" and a fingerprints to verify their identity and make payments online.


    The payment processing company confirmed the decision to introduce biometric checks this week at the Mobile World Congress in Barcelona.


    Ann Cairns, head of international markets ...

  • Web: A new breed of trader on Wall Street: Coders

    The mood in the markets may be getting grimmer, but in the booming world of exchange-traded funds, people just want to party.


    And so it was last month at the $2.8 trillion industry’s annual jamboree in South Florida, where 2,200 investment advisers and fund salesmen came together ...

  • Web: Cruptocurrency Security Startup Chainalysis Raises $1.6M

    Blockchain startup Chainalysis has signed a memorandum of understanding with Europol’s European Cybercrime Centre (EC3) that will see the firms collaborating on efforts to fight online crime.


    The news comes as the firm closes a $1.6m seed funding round led by Point Nine Capital, with Techstars, Digital Currency ...

  • Web: Apple Pay launches in China, takes on entrenched rivals Alibaba and Tencent

    Apple Inc launched its mobile payment system in China on Thursday in a bid to convince the hundreds of millions of users of the country’s entrenched, dominant services to switch.


    “We think China could be our largest Apple Pay market,” Jennifer Bailey, vice president of Apple Pay, told Reuters ...

  • Web: Venmo crosses $1B monthly transfers for the first time

    Venmo just hit an important milestone: the company today announced it crossed $1B worth of transfers in a single month for the first time in January 2016.


    Perhaps more notable than the volume of money being thrown around is the speed of its expansion; that number is 2.5 times ...

  • Web: App-only bank Mondo valued at £30M in an oversubscribed fundraise

    Aspiring app-only bank Mondo has been valued at £30 million in a £6 million funding round, despite the fact that it has yet to fully launch to the public or secure a banking licence.


    Mondo has raised £5 million from London-based early stage venture capital fund Passion Capital, which invested ...

  • Web: SwervePay raises $10M to support medical bill payment system

    SwervePay, a Chicago-based company that lets patients pay medical bills through texts, has raised $10 million in funding.


    The round, announced Tuesday, is led by Garland Capital Group, an investment manager headed by Huron Consulting founder and former CEO Gary Holdren. Greg Wasson, former president and CEO of Walgreens Boots ...

  • Web: Blockstream raises $55M to build out blockchain

    Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use.


    With the news, Blockstream's total funding rises to $76m over two investment rounds. To date, the company's signature technology has been its sidechains offering, currently in testing, which ...

  • Web: Spotcap raises €31.5M to lend to small businesses

    Spotcap, the Rocket Internet-founded fintech startup that operates an online lending platform for small businesses, has beefed up its coffers with €31.5 million in new funding.


    The round, which is the company’s third in 18 months, having previously raised €18 million, is being led by Russian private equity ...

  • Web: The Fintech Revolution is Here; Banks Beware


    They survived the explosive growth of the capital markets, and ended up harnessing it – disastrously, in some respects - to their own ends; thanks to taxpayers, who bailed them out, they also survived the financial crisis; and so far, they have largely survived the regulatory backlash that followed in its wake ...

  • Web: Legislature says no to Bitcoin tax payments

    Not this year. That was the message the New Hampshire House of Representatives sent supporters of a legislative push that would have made the state the first in the country to allow residents to pay their taxes using bitcoin.


    The bill, HR552, introduced last year by New Hampshire State Representative ...

  • Web: Factoring firm, BlueVine, closes $40M Series C funding round

    For small businesses, invoice financing, also known as factoring, is a solution for them to source funding quickly for their operations. The factoring process is based on lenders extending credit based on a company’s unpaid invoices, or purchasing them outright for a lump sum.




    Existing in more or less ...

  • Web: Digital Asset Holdings raised $50M to build the blockchain into Wall Street

    Digital Asset Holdings today announced it raised $50 million to build technology similar to that which powers bitcoin into many aspects of the Wall Street infrastructure.


    Unlike most startups that go to venture capital for backing, Digital Asset Holdings and its well-known CEO Blythe Masters managed to wrangle support from ...

  • Web: Fintech startup LendUp pulls in $150M

    As it positions itself for further growth, LendUp has raised $150 million in a combination of Series B round financing and an expanded credit facility. The round will allow for the expansion of LendUp’s team and platform. Led by Susa Ventures and Data Collective, the round included participation from ...

  • Web: Bitcoin investor buys index operator CoinDesk

    Digital Currency Group, a holding firm focused on investing and developing businesses that deal in bitcoin and other cryptocurrencies, has acquired the industry publication CoinDesk, the company said in a statement on Wednesday.


    The editorial and business teams at CoinDesk will merge with DCG's new events platform, doubling its ...

  • Web: BlackRock takes at least A 5% stake in Square

    Asset management giant BlackRock has taken at least a 5% stake in newly public payments technology company Square, according to a filing with the Securities and Exchange Commission on Friday.


    BlackRock’s filing indicated that it holds nearly 2.8 million shares, worth $31.6 million at Square’s current ...

  • Web: The Plan to Unite All Online Currencies

    Bitcoin isn't the only way of sending digital money across the Internet. There’s also Ripple. And Stellar. And Litecoin. And Ethereum. And so many others. Bitcoin is by far the most popular. But every so often, some developers or an entrepreneur or a company will decide we need ...

  • Web: This smart wallet easily consolidates your credit cards into one

    Anyone who's ever lost a wallet knows the pain of having to cancel credit cards, and the subsequent anxiety of hoping your identity doesn't get stolen. The Wocket is a smart and secure way to avoid this hassle. It's available in the US, UK and AU and ...

  • Web: IBM, J.P. Morgan, and others build a new Blockchain for business

    IBM, Intel, J.P. Morgan and several other big banks are among those making a big bet on blockchain, the distributed transaction processing engine behind cryptocurrencies such as Bitcoin. The companies have joined forces to create the Open Ledger Project with the Linux Foundation, with the goal of re-imagining supply ...

  • Web: Why analysts are bullish about Square

    Wall Street analysts are feeling mostly positive about payments processing company Square.


    A number of investment banks that recently initiated coverage on the hot tech company after its initial public offering last month gave its shares a “buy,” “overweight,” or “outperform” rating. Meanwhile, two other firms said the stock was ...

  • Web: SEC approves Overstock.com Filing to issue shares using Bitcoin Blockchain

    According to multiple sources close to Overstock, the U.S. Securities and Exchange Commission (SEC) has approved a S-3 filing for online retailer Overstock.com to issue new publicly traded shares of the company on the Bitcoin blockchain.


    An Overstock spokesperson declined to comment on the situation but said that ...

  • Web: Number26 wants to be your new bank, expands in Europe

    Number26, a German startup bank, has now gone live in France, Greece, Ireland, Italy, Slovakia and Spain, offering free mobile-only banking services to its customers.


    The app-based, branch-free bank has so far proven popular with the under-35s, representing two-thirds of its current 80,000-strong user base, as well as appealing ...

  • Web: Tiger Global and TDM back Tyro Payments

    Tyro Payments Limited, Australia’s independent and fastest growing EFTPOS provider, announced today it has raised $100 million from Tiger Global Management in New York, TDM Asset Management in Sydney and Australian technology entrepreneur Mike Cannon-Brookes to fund the next stage of its ambitious growth strategy.


    Tyro will use the ...

  • Web: Lighter Capital Closes B Round and Raises $100M to Lend to Tech Firms

    In the world of private technology startups, cash is king- it provides a longer runway for firms to accelerate their growth plans in what are often lucrative, but competitive markets. For many firms, fresh capital comes in the form of selling equity to angel investors, venture capital funds, and for ...

  • Web: We can be as disruptive as Uber: Mobile-only bank

    Atom, a U.K. mobile-only bank, can be as disruptive to the banking industry as Uber has been to taxis, according to the lender's chief executive, after it received a £45 million ($68 million) investment from Spain's BBVA.


    And Atom will be relying on word of mouth -- just ...

  • Web: Google will donate every time you use Android Pay this holiday season

    Feeling festive and philanthropic this holiday shopping season? Use your Android phone to buy gifts and everything else through the end of the year and Google will donate money in your honor.


    One dollar from every transaction paid for through Android Pay will go to special needs education programs in ...

  • Web: Coinbase debuts the first Bitcoin debit card

    People are using the bitcoin digital currency more than ever before. That’s good news for this decidedly democratic money system, a system controlled not by big governments and big banks and big credit card companies but by a vast network of computers set up by users around the world ...

  • Web: Square Jumps in Market Debut, Offering Hope to Startups

    Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks.


    The ...

  • Web: Digital currency pays people to walk

    A digital crypto-currency has launched that is generated by human movement.


    Bitwalking dollars will be earned by walking, unlike other digital currencies such as Bitcoins that are "mined" by computers.


    A phone application counts and verifies users' steps, with walkers earning approximately 1 BW$ for about 10,000 steps (about ...

  • Web: KPCB leads $12.5M round for blockchain firm Align Commerce

    Blockchain payments startup Align Commerce has raised $12.5m in Series A funding led by storied Silicon Valley investment firm Kleiner Perkins Caufield & Byers (KPCB).


    Rounding out the all-star cast of investors were first-time and repeat firms including Digital Currency Group, FS Venture Capital, Pantera Capital, Recruit Ventures Partners and ...

  • Web: Square is going public at a lower price than planned

    For weeks, many have wondered what Square, a San Francisco-based payments and financial services company, is actually worth. Now, they will no longer have to ask.


    On Wednesday, Square sold shares in its initial public offering for $9 per share, giving the company a market capitalization of $2.9 billion ...

  • Web: Earnest raises $275M to help millennials manage their financial futures

    Lending platform Earnest wants to help millennials manage their finances. To build out its offering of loans and other financial management tools, the company has raised $75 million in funding, plus $200 million worth of loan capital from New York Life.


    Battery Ventures led the round, which saw participation from ...

  • Web: Apple is planning a P2P payments feature

    Apple Inc. wants to make it easier to settle a tab with friends using your iPhone.


    Apple has been speaking with banks about introducing a new peer-to-peer payments feature, according to a person familiar with the talks. The service would be incorporated into Apple Pay, the company’s mobile system ...

  • Web: Jamie Dimon: virtual currency will be stopped

    Jamie Dimon isn’t on board with bitcoin.


    Speaking on Wednesday at the Fortune Global Forum, the CEO of JPMorgan Chase  JPM 0.11%  said that the market for the virtual currency isn’t large and it would be stopped by the government before it ever got to that point ...

  • Web: Apple Pay partners with AmEx to expand internationally

    After launching in the U.K. earlier this year, Apple is set to expand its mobile payments service, Apple Pay, to several new international markets this year and next.


    In addition to reporting earnings on Tuesday, Apple CEO Tim Cook announced a partnership with American Express to bring the mobile ...

  • Web: Thiel, Soros said to lead $25M investment in TruMid

    Venture capitalist Peter Thiel and billionaire George Soros are leading a $25 million investment in electronic bond-trading startup TruMid Financial LLC.


    The New York-based company is among a dozen firms competing to transform the U.S. corporate-debt market as worries mount over the difficulty of trading the $8.1 trillion ...

  • Web: Zebit secures $10M to provide no-cost financing

    Zebit, Inc. today launched the first fully automated payment system that provides zero-interest credit to the 68 million Americans underserved by traditional financial services.[i]  The company also announced $10 million in Series A venture capital funding. The capital raise provides Zebit working capital for receivables, operations, and the expansion ...

  • Web: London startup GoCardless is in talks to raise a huge new round of funding

    London fintech startup GoCardless is currently in talks to raise a big round of funding, Business Insider has learned.


    GoCardless lets businesses easily process direct debit payments online. Companies can use GoCardless’ technology to aggregate payments, which makes accepting direct debits much more affordable.


    Sources with knowledge of GoCardless’ funding ...

  • Web: Poynt raises $28M to ship 'smart' payment terminals

    Former head of Google Wallet and longtime PayPal senior executive Osama Bedier is ready to bring the “world’s first smart terminal” to the mPOS landscape.


    These days, Bedier holds the title of founder and CEO of Poynt, the maker of a new payment point of sale terminal designed to ...

  • Web: American Express invests in bitcoin venture Abra

    In a world where bank transfers take two to three days and even seemingly immediate payment apps like Venmo actually aren’t, Bitcoin technology makes it possible to transfer money instantaneously and securely from person to person. It is inspiring startups to make such transactions an everyday reality — and many ...

  • Web: JP Morgan to grant IPO access To everyone

    Traditionally limited to institutional investors and high-net-worth clients, J.P. Morgan is about to make it easier for retail investors to gain access at the IPO price. The bank is announcing today that it will partner with Motif Investing to give ordinary investors the option to purchase shares in IPOs ...

  • Web: The Next Big Competitors for Android Pay and Samsung Pay: Banks

    Eighteen months ago, rulings by Visa and MasterCard gave banks the chance to become big players in the emerging industry of mobile payments. They are finally starting to take advantage.


    Earlier this week, Capital One became the first U.S. bank to release tap-to-pay functionality in its Android app, giving ...

  • Web: Take a look inside Monese, the app that makes it easier for migrants to get a bank account

    London startup Monese is a banking app that lets migrants sign up for bank accounts in just 3 minutes


    It makes a difficult task for people arriving in a new country much easier. 


    The 2-year-old startup can verify your identity with just a picture of your passport and a selfie ...

  • Web: Being ‘wasted’ on Facebook may damage your credit score

    The US’s middle classes are drenched in debt and demand is slowing. So how do banks build profits? By bending the rules.


    Two of the top credit analytics companies are exploring new ways of assessing consumers’ ability to handle loans, turning away from traditional sources of data such as ...

  • Web: Fintech startup Kabbage raises more cash, eyes international expansion

    The Atlanta, Georgia-based financial tech (or "fintech") company Kabbage is solidly entrenched in the niche of loans to small and medium businesses—along with providing their proprietary tech for big banks to give their customers Kabbage-style customized loans. No stranger to large funding rounds from big banks, Kabbage is announcing ...

  • Web: The Payments World Really Wants To Know Who You Are

    In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could ...

  • Web: Chinese hackers breached LoopPay, whose tech is central to Samsung Pay

    Months before its technology became the centerpiece of Samsung’s new mobile payment system, LoopPay, a small Massachusetts subsidiary of the South Korean electronics giant, was the target of a sophisticated attack by a group of government-affiliated Chinese hackers.


    As early as March, the hackers — alternatively known as the Codoso ...

  • Web: MasterCard doubles down on payment security

    MasterCard introduced a new suite of security products called MasterCard Identity Check. The products aim to simplify the process of identity verification for digital transactions, particularly those which take place on mobile.


    The two products highlighted by MasterCard are biometric authentication and SMS-delivered one-time passwords, though the suite may also ...

  • Web: Japan’s SoftBank leads whopping $1B funding into U.S. fintech startup SoFi

    SoFi, a U.S.-based student loans marketplace for lenders and borrowers, announced on Wednesday that it has secured a further $1 billion in funds led by Japan’s SoftBank. It’s calling it the “largest single financing round in the fintech space to date.”


    Surprisingly, SoFi is still not ...

  • Web: New credit cards aim to protect consumers, banks from hackers

    US consumers are about to get a new defense against cybercrime. The armor will take the form of credit and debit cards with a built-in chip, which retailers must be able to read as of Thursday.


    Short for EuroPay, MasterCard and Visa, EMV chips create a one-time-use code needed for ...

  • Web: Kreditech raises funds, targets financial services for the underbanked

    Kreditech, a leading consumer finance technology company, has raised EUR 82.5 million in Series C financing to fuel the company's growth. The round was led by J.C. Flowers & Co. LLC, a leading private investment firm dedicated to investing in the financial services industry globally. Peter Thiel and ...

  • Web: How AI is transforming the financial industry

    More and more, financial firms are turning to machines to do the job humans have done for decades.


    Last spring, wealth management firm Charles Schwab launched a new service called Schwab Intelligent Portfolios. The service is unique in that it's not a person who decides where to invest your ...

  • Web: Fundera Raises $11.5M Series B for Small Business Lending

    Fundera, the online credit marketplace for small businesses, today announced an $11.5 million Series B funding round led by Susquehanna Growth Equity with participation from previous investors including QED Investors, Khosla Ventures and First Round Capital, bringing the company’s total funding to date to $15 million.


    Since the ...

  • Web: Lightspeed raises $61M to Expand its Point-of-Sale System

    As more mobile point-of-sale systems crowd the field, Montreal-based Lightspeed just snagged $61 million in funding to grow adoption of its platform among mid-market retailers and restaurants worldwide.


    Though Square and PayPal are increasingly staking their claims to various retailers large and small, there are still a few alternative players ...

  • Web: Bain capital, Others Back AvidXchange Big Time With $225M

    Accounts payable and payment automation firm AvidXchange said Monday (Sept. 14) that it has garnered a $225 million investment led by Bain Capital.


    The company said in a release that the minority growth financing round also included several investors in addition to Bain, including Foundry Group, Nyca Partners, TPG Special ...

  • Web: Fundbox Secures $50M In Funding, With Investment By Jeff Bezos

    Eyal Shinar, whose mother owned a small staffing firm, grew up well aware of one of the banes of small business owners everywhere: the lag time between doing work and getting paid, which can be as long as 30, 60 or 90 days.


    “The better you do, ironically, the more ...

  • Web: Wall Street Officially Opens Its Arms to Bitcoin Invaders

    JP Morgan Chase CEO Jamie Dimon described the situation in the simplest terms. “Silicon Valley is coming,” he said.


    In his annual letter to shareholders this past spring, Dimon warned the Wall Street old guard that their way of doing things was under siege from “hundreds of startups with a ...

  • Web: Bitcoin Technology Piques Interest on Wall St.

    Most people still think of Bitcoin as the virtual currency used by drug dealers and shadowy hackers looking to evade the authorities.


    But the innovations that helped turn Bitcoin into the most popular virtual currency are now being viewed as a potentially enormous disruptive force for several industries, including accounting ...

  • Web: iZettle, the Square of Europe, raises more cash

    Payments company iZettle said Friday that it has landed a new round of financing along with introducing a lending service for small businesses.


    The Sweden-based company, which has been compared to the Square of Europe, has raised $67.5 million, led by previous investors Intel Capital and Zouk Capital. To ...

  • Web: BlackRock buys robo-advising pioneer

    A big asset manager is embracing “robo” finance advice.


    BlackRock Inc. said Wednesday it is purchasing FutureAdvisor, a privately held pioneer in the fast-growing business of using automated computer models to build and manage investment portfolios.


    The terms of the deal, which is expected to close in the fourth quarter ...

  • Web: Nok Nok Labs Announces Close of $16.25M Series C Funding Round

    Nok Nok Labs, an innovator in modern authentication and a founding member of the FIDO Alliance, today announced that it has completed the second and final closing of $8M in its Series C Financing, raising a total of $16.25M.  This total amount includes the existing $8.25M raised in ...

  • Web: MarketInvoice Secures Funding for P2P Invoice Finance Platform

    Peer-to-peer (P2P) lender MarketInvoice has announced a £6m ($10m) investment from Northzone and co-founder of Indeed.com Paul Forster.


    Launched in 2011 by Ilya Kondrashov and 2013 Young Guns Anil Sotcker and Charles Delingpole, the Startups 100 listed company is an online marketplace for small businesses to sell unpaid invoices ...

  • Web: The 21 Companies that Control Bitcoin

    lashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies in bitcoin. 


    But arguably more important are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity.


    Bitcoin runs on a blockchain, a decentralised and public ledger ...

  • Web: Wall Street, Meet Block 368396, the Future of Finance

    When Justin Brownhill wants to check up on one of his latest investments through SenaHill Partners LP, he only needs to check the ledger unpinning bitcoin. The address:block 368396.


    That’s the new digital home for the equity stake his firm made in Symbiont, a startup using bitcoin’s ...

  • Web: Hacks turn Square's reader into a card-stealing machine

    As helpful as a Square Reader may be for purchases at trendy stores, you'll want to watch out -- in the right circumstances, they can also be used to steal your credit card info. Security researchers have discovered that you can physically disable the encryption the device uses to protect ...

  • Web: Square Said to File Confidentially for Initial Offering

    Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said.


    Square has been working with Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. on the ...

  • Web: Atlanta fintech Kabbage raising $150M at $875M valuation

    Financial technology provider Kabbage is raising a massive $150 million investment at a valuation that has the Atlanta company flirting with "unicorn" status.


    The Series E raise values 6-year-old Kabbage at $875 million post-money and about $750 million pre-money, sources said. That nose-bleed valuation puts Kabbage just shy of "unicorn ...

  • Spark Profit: The Trading Game

    In markets that are as volatile as today’s everyone is on the look out for investment tips and winning trading strategies. A Tokyo-based startup has a rather unusual approach to tackle this problem: gamification and crowdsourcing.


    Spark Profit is a free desktop and mobile app that allows anyone to ...

  • Revolutionizing Payroll

    A startups has just released a list of its angel investors – and it’s a list made up of the biggest stars in Silicon Valley technology and venture capital.


    San Francisco-based ZenPayroll has its eye on a huge industry: payroll. The market leader in the US is ADP which handles ...

  • LendingClub Files for IPO

    While most eyes are locked on to Alibaba’s imminent IPO – relatively few are paying attention to the upcoming market debut of a startup that is disrupting the financial services industry. LendingClub, a peer-to-peer loan marketplace, has just filed documents for an IPO to raise up to $500M.


    Founded in ...

  • The New Benjamin Franklin?

    Facebook’s 1 billion users are about to descend on to the financial services sector.


    According to reports last month, the social network was just a couple of weeks away from obtaining regulatory approval for a P2P money transfer service that would allow its users to store money on Facebook ...

  • Can Bitcoins Buy Some Security?

    How the mighty have fallen! - fallen by $5.3 billion to be precise. This is the estimated plunge in value of all Bitcoin over the last 2 weeks after a spate of security scares and attacks led withdrawals of Bitcoin to be halted on some major exchanges around the world ...

  • Web: One Of The World’s Largest Banks Seeking Blockchain Patent

    A patent application from the Industrial and Commercial Bank of China (ICBC) outlining a 

    Web: Insurance on the Blockchain

    From better risk visibility & faster claims processing to collectively fighting fraud, blockchain can provide comprehensive benefits across the insurance value chain.


    Blockchain implementation can enormously accelerate insurance transformation and steer the industry towards digital collaboration and interoperability. Permissioned blockchains deployed in insurance consortia yield comprehensive industry benefits across the value ...

  • Web: Australian Claims to be Bitcoin Creator

    Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.


    His admission follows years of speculation about who came up with the original ideas underlying the digital cash system.


    Mr Wright has provided technical proof to back up his claim using coins known to be owned by ...

  • Web: Microsoft partners with banks on Blockchain tech

    Microsoft Inc. has pulled ahead of Alphabet Inc.’s Google, International Business Machines Corp., and Amazon.com Inc. in the race for supremacy in operating other companies’ blockchains.


    Microsoft and R3, a consortium of 43 financial institutions, have formed a strategic partnership to accelerate the use of the blockchain technologies ...

  • Web: Ethereum, a virtual currency, is challenging Bitcoin's supremacy

    A new virtual gold rush is underway.


    Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months.


    Beyond the price spike, Ethereum is also attracting attention from giants in finance and ...

  • Web: Square acquires predictive analytics startup Framed Data

    Square is acquiring the team behind Framed Data, a predictive analytics service, and will be deploying the team of data scientists to its Square Capital team.


    Square tracks merchants’ transaction history through its services in order to better determine their eligibility for loans through Square Capital. There are certainly a ...

  • Web: Financial Robo-advisor MoneyFarm Expands

    Italian robo-advisor MoneyFarm has launched in the UK, enabling Brits to download an app and manage their investments from their iPhones.


    MoneyFarm is one of several robo-advisor outfits looking to disrupt the wealth management market by using technology to deliver advisory services at a fraction of the cost seen at ...

  • Web: Venmo crosses $1B monthly transfers for the first time

    Venmo just hit an important milestone: the company today announced it crossed $1B worth of transfers in a single month for the first time in January 2016.


    Perhaps more notable than the volume of money being thrown around is the speed of its expansion; that number is 2.5 times ...

  • Web: Blockstream raises $55M to build out blockchain

    Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use.


    With the news, Blockstream's total funding rises to $76m over two investment rounds. To date, the company's signature technology has been its sidechains offering, currently in testing, which ...

  • Web: Spotcap raises €31.5M to lend to small businesses

    Spotcap, the Rocket Internet-founded fintech startup that operates an online lending platform for small businesses, has beefed up its coffers with €31.5 million in new funding.


    The round, which is the company’s third in 18 months, having previously raised €18 million, is being led by Russian private equity ...

  • Web: Factoring firm, BlueVine, closes $40M Series C funding round

    For small businesses, invoice financing, also known as factoring, is a solution for them to source funding quickly for their operations. The factoring process is based on lenders extending credit based on a company’s unpaid invoices, or purchasing them outright for a lump sum.




    Existing in more or less ...

  • Web: Digital Asset Holdings raised $50M to build the blockchain into Wall Street

    Digital Asset Holdings today announced it raised $50 million to build technology similar to that which powers bitcoin into many aspects of the Wall Street infrastructure.


    Unlike most startups that go to venture capital for backing, Digital Asset Holdings and its well-known CEO Blythe Masters managed to wrangle support from ...

  • Web: Fintech startup LendUp pulls in $150M

    As it positions itself for further growth, LendUp has raised $150 million in a combination of Series B round financing and an expanded credit facility. The round will allow for the expansion of LendUp’s team and platform. Led by Susa Ventures and Data Collective, the round included participation from ...

  • Web: The Plan to Unite All Online Currencies

    Bitcoin isn't the only way of sending digital money across the Internet. There’s also Ripple. And Stellar. And Litecoin. And Ethereum. And so many others. Bitcoin is by far the most popular. But every so often, some developers or an entrepreneur or a company will decide we need ...

  • Web: IBM, J.P. Morgan, and others build a new Blockchain for business

    IBM, Intel, J.P. Morgan and several other big banks are among those making a big bet on blockchain, the distributed transaction processing engine behind cryptocurrencies such as Bitcoin. The companies have joined forces to create the Open Ledger Project with the Linux Foundation, with the goal of re-imagining supply ...

  • Web: SEC approves Overstock.com Filing to issue shares using Bitcoin Blockchain

    According to multiple sources close to Overstock, the U.S. Securities and Exchange Commission (SEC) has approved a S-3 filing for online retailer Overstock.com to issue new publicly traded shares of the company on the Bitcoin blockchain.


    An Overstock spokesperson declined to comment on the situation but said that ...

  • Web: Lighter Capital Closes B Round and Raises $100M to Lend to Tech Firms

    In the world of private technology startups, cash is king- it provides a longer runway for firms to accelerate their growth plans in what are often lucrative, but competitive markets. For many firms, fresh capital comes in the form of selling equity to angel investors, venture capital funds, and for ...

  • Web: We can be as disruptive as Uber: Mobile-only bank

    Atom, a U.K. mobile-only bank, can be as disruptive to the banking industry as Uber has been to taxis, according to the lender's chief executive, after it received a £45 million ($68 million) investment from Spain's BBVA.


    And Atom will be relying on word of mouth -- just ...

  • Web: Coinbase debuts the first Bitcoin debit card

    People are using the bitcoin digital currency more than ever before. That’s good news for this decidedly democratic money system, a system controlled not by big governments and big banks and big credit card companies but by a vast network of computers set up by users around the world ...

  • Web: KPCB leads $12.5M round for blockchain firm Align Commerce

    Blockchain payments startup Align Commerce has raised $12.5m in Series A funding led by storied Silicon Valley investment firm Kleiner Perkins Caufield & Byers (KPCB).


    Rounding out the all-star cast of investors were first-time and repeat firms including Digital Currency Group, FS Venture Capital, Pantera Capital, Recruit Ventures Partners and ...

  • Web: Apple is planning a P2P payments feature

    Apple Inc. wants to make it easier to settle a tab with friends using your iPhone.


    Apple has been speaking with banks about introducing a new peer-to-peer payments feature, according to a person familiar with the talks. The service would be incorporated into Apple Pay, the company’s mobile system ...

  • Web: Jamie Dimon: virtual currency will be stopped

    Jamie Dimon isn’t on board with bitcoin.


    Speaking on Wednesday at the Fortune Global Forum, the CEO of JPMorgan Chase  JPM 0.11%  said that the market for the virtual currency isn’t large and it would be stopped by the government before it ever got to that point ...

  • Web: Thiel, Soros said to lead $25M investment in TruMid

    Venture capitalist Peter Thiel and billionaire George Soros are leading a $25 million investment in electronic bond-trading startup TruMid Financial LLC.


    The New York-based company is among a dozen firms competing to transform the U.S. corporate-debt market as worries mount over the difficulty of trading the $8.1 trillion ...

  • Web: Zebit secures $10M to provide no-cost financing

    Zebit, Inc. today launched the first fully automated payment system that provides zero-interest credit to the 68 million Americans underserved by traditional financial services.[i]  The company also announced $10 million in Series A venture capital funding. The capital raise provides Zebit working capital for receivables, operations, and the expansion ...

  • Web: American Express invests in bitcoin venture Abra

    In a world where bank transfers take two to three days and even seemingly immediate payment apps like Venmo actually aren’t, Bitcoin technology makes it possible to transfer money instantaneously and securely from person to person. It is inspiring startups to make such transactions an everyday reality — and many ...

  • Web: Take a look inside Monese, the app that makes it easier for migrants to get a bank account

    London startup Monese is a banking app that lets migrants sign up for bank accounts in just 3 minutes


    It makes a difficult task for people arriving in a new country much easier. 


    The 2-year-old startup can verify your identity with just a picture of your passport and a selfie ...

  • Web: Fintech startup Kabbage raises more cash, eyes international expansion

    The Atlanta, Georgia-based financial tech (or "fintech") company Kabbage is solidly entrenched in the niche of loans to small and medium businesses—along with providing their proprietary tech for big banks to give their customers Kabbage-style customized loans. No stranger to large funding rounds from big banks, Kabbage is announcing ...

  • Web: The Payments World Really Wants To Know Who You Are

    In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could ...

  • Web: Fundera Raises $11.5M Series B for Small Business Lending

    Fundera, the online credit marketplace for small businesses, today announced an $11.5 million Series B funding round led by Susquehanna Growth Equity with participation from previous investors including QED Investors, Khosla Ventures and First Round Capital, bringing the company’s total funding to date to $15 million.


    Since the ...

  • Web: Fundbox Secures $50M In Funding, With Investment By Jeff Bezos

    Eyal Shinar, whose mother owned a small staffing firm, grew up well aware of one of the banes of small business owners everywhere: the lag time between doing work and getting paid, which can be as long as 30, 60 or 90 days.


    “The better you do, ironically, the more ...

  • Web: Atlanta fintech Kabbage raising $150M at $875M valuation

    Financial technology provider Kabbage is raising a massive $150 million investment at a valuation that has the Atlanta company flirting with "unicorn" status.


    The Series E raise values 6-year-old Kabbage at $875 million post-money and about $750 million pre-money, sources said. That nose-bleed valuation puts Kabbage just shy of "unicorn ...

  • Spark Profit: The Trading Game

    In markets that are as volatile as today’s everyone is on the look out for investment tips and winning trading strategies. A Tokyo-based startup has a rather unusual approach to tackle this problem: gamification and crowdsourcing.


    Spark Profit is a free desktop and mobile app that allows anyone to ...

  • Revolutionizing Payroll

    A startups has just released a list of its angel investors – and it’s a list made up of the biggest stars in Silicon Valley technology and venture capital.


    San Francisco-based ZenPayroll has its eye on a huge industry: payroll. The market leader in the US is ADP which handles ...

  • The New Benjamin Franklin?

    Facebook’s 1 billion users are about to descend on to the financial services sector.


    According to reports last month, the social network was just a couple of weeks away from obtaining regulatory approval for a P2P money transfer service that would allow its users to store money on Facebook ...

  • Can Bitcoins Buy Some Security?

    How the mighty have fallen! - fallen by $5.3 billion to be precise. This is the estimated plunge in value of all Bitcoin over the last 2 weeks after a spate of security scares and attacks led withdrawals of Bitcoin to be halted on some major exchanges around the world ...