Categories Finance

60 posts

Auto Added by WPeMatico

Copy paste programmers

How European seed firm Connect Ventures finds ‘product-first’ founders

Connect Ventures, the London-based seed-stage VC that was an early investor in Citymapper and Typeform announced a new $80 million fund last month to continue investing in “product-led” founders. Launched back in 2012, when there was a shortage of institutional capital at seed stage in Europe and micro VC was […]

Copy paste programmers

Here’s a list of tech companies that the SBA says took PPP money

The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) — a list that includes some of the hottest names in the tech startup world, including Bolt Mobility, Getaround, Luminar, […]

Copy paste programmers

Point to launch new challenger bank with rewards on debit card purchases

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is announcing new fundraising — later this month, the company is launching a major new version of its service and opening its doors to everyone. There’s […]

Copy paste programmers

TransferWise to offer investment products but has ‘no plans’ to become a bank

TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion, has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called “borderless” account will be […]

Copy paste programmers

From napkin notes to term sheets: A chat with Inspired Capital’s Alexa von Tobel

The next iteration of fintech is upon us, according to Inspired Capital’s Alexa von Tobel. “Fintech 1.0 was very much, ‘Let’s take what already exists and let’s do it better,’” she said in a recent appearance on Extra Crunch Live. Consumers are shifting away from Chase Bank and migrating to […]

Copy paste programmers

Startups are poised to disrupt the $14B title insurance industry

Ashley Paston Contributor Share on Twitter Ashley Paston is an investor at Bain Capital Ventures, where she invests primarily in financial technology and services companies.  If you have bought a house in the last decade, you likely started the process online. Perhaps you browsed for your future dream home on a website like […]

Copy paste programmers

Personal Capital sells to Empower Retirement in deal worth up to $1B

Today Personal Capital, a fintech company that had attracted over $265 million in private funding, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon closing, with another $175 million in what are described as […]

Copy paste programmers

Luckin Coffee’s board is forcing out its chairman (also, chairman is forcing out the rest of the board)

Sometimes you just can’t get a [L]uckin’ break. After announcing this morning that it is ending its fight to stay listed on Nasdaq, China-based coffee chain and delivery company Luckin Coffee announced in a filing with the SEC that it is requiring that its chairman, Lu Zhengyao, resign. Luckin Coffee […]

Copy paste programmers

Volcker Rule reforms expand options for raising VC funds

It’s time to put on our thinking caps so we can discuss an esoteric but important policy change and how it is going to impact the VC world. The 2008 financial crisis devastated the global economy. One of the reforms that came from the detritus of that situation was a […]

Copy paste programmers

Dell’s debt hangover from $67B EMC deal could put VMware stock in play

When Dell bought EMC in 2016 for $67 billion it was one of the biggest acquisitions in tech history, and it brought with it a boatload of debt. Since then Dell has been working on ways to mitigate that debt by selling off various pieces of the corporate empire and […]