Finance
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Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M
Kabbage — the online platform that loans money to businesses and individuals using a wide set of online data and algorithms to measure credit-worthiness — is growing once more. The startup based out of Atlanta has raised a Series E of $135 million, and expanded its credit facility — the money it has on hand to fulfil loans — to $900 million.
Kabbage is not… Read More
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Checkr Is Raising $30M+ For Its Background Checking API, Y Combinator Investing
As on-demand businesses like Uber and Instacart grow quickly, so too do the B2B startups that service their wider ecosystem. In the latest development, TechCrunch has learned and confirmed with several sources that Checkr — which runs background checks and vets potential hires by way of an API for the likes of Uber, Instacart and Handy, and other fast-growing startups like Zenefits… Read More
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VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC
Alongside the not-unexpected news that Dell would acquire EMC in a record $67.1 billion deal, EMC-controlled VMware released an early look at its Q3 results: The virtualization giant said it expects to post $1.672 billion in sales, with non-GAAP net income of $1.02/share. The market, at least initially, doesn’t look very impressed: shares of VMware dropped by as much as 10… Read More
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A Decade After Being Founded In SF, Kiva Turns Its Focus Toward Zero-Interest Loans For Bay Area Entrepreneurs
When online donors overloaded the requests of Kiva co-founders Matt Flannery and Jessica Jackley more than a decade ago, they were targeting some of the world’s poorest borrowers in places as far away as East Africa and India. But 10 years later, Kiva is shifting its focus back home with a program called “Keep the Heart in San Francisco.” It’s taking its longstanding… Read More
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CoverHound Raises $33.3M, Expands To Insurance Comparisons For Businesses
CoverHound, a site that lets people search for, compare and buy auto and property insurance both through its own site and Google’s insurance search, is today announcing that it has raised a further $33.3 million in funding as it adds one more large and strategic investor to its list of backers.
Insurance giant ACE Group is leading the Series C investment, and CEO Keith Moore tells… Read More
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Ron Conway And Topher Conway From SV Angel: “There’s No Bubble”
Disrupt SF started off with a bang this morning with a fireside chat including Ron and Topher Conway, both investors with SV Angel. TechCrunch founder and CrunchFund investor Michael Arrington peppered them with questions about the landscape of Silicon Valley. Fundera Picks Up $11.5 Million In Series B Funding
Fundera, the online credit marketplace that helps small business secure loans started by GroupMe cofounder Jared Hecht, has today announced the close of a $11.5 million Series B funding round led by Susquehanna Growth Equity with participation from existing investors including QED Investors, Khosla Ventures, and First Round Capital. Alongside the funding, SGE’s Scott Feldman and… Read More
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FeeX, Which IDs Hidden Fees In Financial Products, Scores $2.75M In Fresh Funding
FeeX, a free service that sniffs out hidden fees in retirement and savings accounts, announced that it has raised $2.75 million in new funding. The round was led by Collaborative Fund. Why Startups Should Leverage Compliance
Business Insider recently reported that “The Clearing House, an advocacy group owned by the world’s largest commercial banks, is gunning for payment startups.” Not surprisingly, the banks don’t enjoy being the only ones told to play by the rules. More to the point, though, forcing Wall Street regulations onto Silicon Valley is their approach to dealing with the threat… Read More
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iZettle Gets $67M To Expand From Mobile Payments To Small Business Financing
European mobile payments player, iZettle, is expanding into what amounts to small business loans — announcing a capital advance product, called iZettle Advance, which will be available to select iZettle customers who need funds to grow their own businesses. So it’s basically moving onto even more of the territory where traditional banks fear to tread. Read More
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