Finance
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Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor
Samsung has acquired LoopPay, the companies announced today. The acquisition confirms earlier rumors that suggested the two were working closely together on an upcoming project, and suggests Samsung could make use of LoopPay’s technology to offer is own Apple Pay competitor on future devices. LoopPay even advertises its solution as an alternative to Apple Pay for non-Apple device makers,… Read More
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YC-Backed Seed Wants To Reinvent Business Banking
Seed thinks that business banking is opaque, expensive, and behind the times. The company, which is part of the Winter 2015 Y Combinator class, wants to shake up banking, bring it into the API era, and rip out unnecessary fees to make it, according to its CEO Brian Merritt, as “easy as possible to start and manage a business.” Read More
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Startups, Late-Stage Valuations, And Bull
Bill Gurley, a general partner at Benchmark, makes news mostly because he says what other venture capitalists will tell you while drunk, but does so while on the record. It’s refreshing in a way. Most recently, Gurley made the point that the tech and investment industries are shoving nine and ten-figure sums of cash into startups while not enjoying a full dig into their financials. In… Read More
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Fundera Has Secured $12M In Funding For More Than 300 Small Businesses
Fundera, the lending match-maker for SMBs, has helped secure funding for over 300 small businesses, with more than $12 million in loans funded. The company originally launched in February 2014 as a service that paired SMBs looking for a loan with the lenders who could help them out. In the beginning, it was simply a matching service, but over the course of 2014 the company has transformed into… Read More
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YellowPepper’s Mobile Wallet For LatAm Draws Another $19M From LIV Capital And Others
YellowPepper, a mobile virtual wallet startup aimed at the Latin American market, has closed $19 million in a Series C funding round, bringing its total funding to $34 million to date. The round was led by LIV Capital, a Mexican venture capital firm with approximately $130 million in assets under management. Also participating was Mexico Ventures, a program managed by Sun Mountain Capital… Read More
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Rothenberg Ventures’ First Virtual Reality Accelerator Emphasizes Health And Education
VR could enlighten and heal, not just entertain. Its immersiveness could distract us from pain, help us face our phobias, or give us first-hand training. “We have a belief that VR will disrupt every industry. And it’s global. So we made efforts to find companies in every different industry and that are global” Rothenberg Ventures’ founder Mike Rothenberg about the… Read More
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Facebook Beats Estimates In Q4 With $3.85B Revenue, User Growth Up To 3.2% QOQ To Hit 1.39B
Facebook beat the street’s estimates for the 10th straight quarter in Q4 2014. It now has 1.393 billion users, up 3.18% quarter over quarter, which was a little faster than Q3’s 2.2% but slower than Q2’s 3.125%. The company brought in $0.54 EPS on $3.85 billion in revenue. Mobile made up 69% of ad revenue compared to 66% last quarter, showing its business is now firmly… Read More
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Here’s What You Need To Know From Microsoft’s $26B Quarter
Microsoft reported its fiscal second-quarter financial performance today, laid out its forecasts for its future performance and took questions from a number of analyst. It was a flurry of data, so let’s take a moment and dig through the big points that matter. Number26 Could Be The Best Banking Experience In Europe
When I first wrote about Number26, I said that it was a bank designed for the 21st century — but all of this was on paper. The startup is launching today in Germany and Austria, with more European markets to follow. I opened a Number26 account a couple of weeks ago. Old well-established banks should be ashamed that they can’t provide the same level of user experience. As a… Read More
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A16Z Leads $58M Round In UK’s TransferWise To Ramp Up Its P2P Transfer Business
TransferWise, the fast-growing UK-based P2P money transfer startup that has reportedly been in talks with Facebook for remittance services, has raised now raised a large round of funding led by one of the social network’s earliest backers. Andreessen Horowitz is heading up a $58 million round of investment in TransferWise, a Series C round with participation also from previous backers… Read More
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