Finance
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Vouch Raises $6 Million Series A For Its Social Network For Credit
Vouch, a so-called “social network for credit” founded by ex-PayPal and ex-Prosper alumni, now has an additional $6 million in Series A funding to continue to grow its business. While there are a number of alternative lending startups on the market today, Vouch’s differentiating factor is that it leverages a person’s social connections in order to determine their… Read More
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Microsoft Predicts Its Commercial Cloud Revenue Will Reach A $20B Run Rate In Its Fiscal 2018
Microsoft announced today at its Build developer conference that during its fiscal 2018 — after the middle of 2017 for the rest of us — its commercial cloud revenue will hit a $20 billion run rate. That means that the products Microsoft lumps together as “commercial cloud” — Azure, Office 365 for corporations, etc. — will generate around $5 billion in… Read More
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With Lydia, Pay For Your Online Purchases Using Your Apple Watch
Step by step, Lydia is unveiling its product strategy to handle all your payments. When I last covered the French startup, it was still mostly focused on growing its user base by providing a Venmo alternative for French users. But now, Lydia also lets you pay on e-commerce websites, starting with PriceMinister. The app is now also available on the Apple Watch so that you can just tap on your… Read More
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IVP Raises $1.4B For Its 15th Fund
Institutional Venture Partners, better known as IVP, has raised a $1.4 billion 15th fund. The company’s last fund, it’s 14th, was a smaller $1 billion capital pool. I spoke to the firm’s Steve Harrick, a general partner, about the fund size, cadence, and investment strategy. According to Harrick, the fund was raised in a two month period. That matches other notes… Read More
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Cheddar Up Makes It Easier To Collect Money From Groups
Despite the shift away from paying with cash or check in favor of digital transactions in recent years, many smaller organizations, and even schools, still rely on old-school methods when it comes to collecting money from groups. Though it’s a hassle for both the organizer and the payer in the long run, checks are often easier than pointing users to online tools like PayPal or setting… Read More
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German Online Loans Platform Smava Raises $16M
Here comes some more funding for a European financial tech company specialising in online loans. Germany’s Smava — a peer-to-peer lending platform where investors provide the funds to loan money to borrowers — has raised $16 million in funding led by Phenomen Ventures, along with existing investors Earlybird and Neuhaus Partners. Phenomen’s track record in… Read More
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The Year Of Mobile Payments
Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to ‘send money to friends’ via messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are… Read More
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Snapchat Is Paying Ex-Apple Exec Scott Forstall 0.11% To Be An Advisor
A leaked email from the Sony Pictures hack indicates Snapchat set aside .11% of its stock for former Apple head of iOS Scott Forstall to be an advisor. Michael Lynton, Sony Pictures’ CEO, is a Snapchat board member, so when his email was stolen by hackers protesting the release of The Interview, sensitive Snapchat information came to light. WikiLeaks recently made those emails easier… Read More
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Snapdeal Acquires RupeePower, Will Add Loans, Other Financing To Its Marketplace
India’s Snapdeal has been on an acquisition spree in the last several months, tapping into the $1.1 billion it has raised from the likes of Softbank to expand from being a marketplace for goods into a platform for all kinds of online transactions. The latest chapter in this story is today’s news that it has acquired a majority stake in RupeePower, a provider of loans and credit… Read More
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This Week On The TechCrunch Bitcoin Podcast: Poker, BitPay And Growth
Hello friends and welcome back to another episode of TCBTC, TechCrunch’s weekly podcast on all things bitcoin.
This episode we were joined by Sonny Singh of BitPay, one of the largest bitcoin companies around, to talk about the state of bitcoin itself, as well as the firm’s recent deal with Neteller. Read More
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