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Albert raises $2.5 million for its finance app that helps you save money
Everyone knows the basics of how to improve their financial health: put money into savings, track your spending, reduce your debt, look for ways to save on your monthly bills, and make smart investments. Where people struggle is translating that knowledge into specific actions you can take today. That’s where an application called Albert steps into help. The startup, which has now closed… Read More
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Cross River Bank gets unconventional validation with a $28M VC round
In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley’s fintech startups, have backed the bank enabling many of their investments to lurch forward. Cross River Bank, the obscure financial institution that seemingly everyone in fintech has heard of but doesn’t really know, originated more than $2.4 billion in loans for… Read More
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Facebook Messenger now supports PayPal payments in bots, will track your PayPal receipts
PayPal is deepening its relationship with Facebook, and will now become one of the payment options within Messenger, among other integrations. That means customers who shop via the growing number of chatbots from online merchants will be able to transact on Messenger using PayPal’s payment service. In addition, as part of this deal, PayPal says it will make it easier to link your… Read More
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Joy raises $2.5M for its interactive photo frame
Joy, hardware startup and resident positive emotion, today announced the launch of its first product, the Joy Album — an interactive photo frame designed from the ground up. Joy has raised $2.5 million in seed funding from investors including Obvious Ventures, The Chernin Group, BoxGroup, and Maywic Select Investments. At first glance, the tablet-like device seems to have a lot… Read More
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Levchin’s Affirm secures $100M credit line from Morgan Stanley
This morning, fintech startup Affirm announced a new $100 million credit line from Morgan Stanley. The money will go directly to supporting the company’s current financial products that help customers purchase goods and spread their expenses over a period of time. Morgan Stanley is not the first institutional lender to issue a line of credit to the company. In May of 2015, Affirm closed… Read More
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Kickstarter is breaking down assumptions about where innovation can occur
While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that the vast majority of projects were never in the sights of Sand Hill Road. Rather, Kickstarter is illustrating that all it takes to sustain innovation outside of Silicon Valley… Read More
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Keith Rabois Leads $1.5 Million Round For “Even,” An Interest-Free, Mobile Alternative To Payday Loans
A startup whose first product is a mobile money management application called Even, designed to offer low-income workers interest-free credit to help them make ends meet in between paychecks, has raised $1.5 million in a seed round led by Keith Rabois of Khosla Ventures, with participation from other investors. The service is meant to offer hourly, and generally part-time workers an… Read More
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Capital One Debuts A New Mobile Wallet App, Designed To Work With Apple Pay
Just ahead of Apple Pay’s public release, a top credit card provider, Capital One, has rolled out a new mobile wallet app for cardholders that will work with Apple’s forthcoming mobile payments platform to provide users with detailed information on their Apple Pay transactions, in addition to balance rewards access, and other features. The app was soft launched on iOS earlier… Read More
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Walmart Now Offering Low-Cost Mobile Checking Accounts Through Exclusive Deal With Green Dot’s GoBank
Apple Pay what again? Walmart is getting into the mobile banking space, the company announced this morning, through a partnership with financial services provider Green Dot Corporation. The company’s low-cost checking account product called GoBank is now being made available exclusively at Walmart, offering customers an overdraft-free bank account with no minimum balance requirements.… Read More
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