financial services

Square Inc. Co-Founder Tristan O’Tierney Dead at 35

Square Inc. Co-Founder Tristan O’Tierney Dead at 35

A former engineer at Yahoo and Apple Inc., O’Tierney was hired to develop Square’s original mobile payment app in 2009 and stayed until 2013

Lyft unveils its S-1 and nearly $1B in 2018 losses

According to the filing, Lyft recorded $2.2 billion in 2018 revenue on a net loss of $911 million.

Tesla’s top attorney leaves after two months on job due to ‘poor cultural fit’

Tesla’s general counsel, a veteran trial lawyer, has been replaced with a company insider just two months after taking the post. Dane Butswinkas, who was named Tesla general counsel in December, is
M12-backed NsKnox raises $15 million for real-time payment fraud detection

M12-backed NsKnox raises $15 million for real-time payment fraud detection

Financial fraud protection startup NsKnox has raised $15 million in a funding round co-led by Viola Ventures and Microsoft's M12.Read More
Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst
Fintech Startup Formula Part II: Content for Conversions

Fintech Startup Formula Part II: Content for Conversions

If you missed Part I, it laid the groundwork for successful content growth hacks for fintech startups. As a refresher,…
It’s 2019 and faxing is still a thing

It’s 2019 and faxing is still a thing

The fax machine is a symbol of obsolete technology long superseded by computer networks—but faxing is actually growing in popularity. Four years ago, I wrote…

Plaid expands financial service API to include all US banks

Plaid, developers of financial services APIs, has been helping developers connect an app to a major US bank account for several years, but today they expanded that API to include all US banks,

Chat app Line injects $182M into its mobile payment business

Japanese messaging app company Line is pumping 20 billion JPY ($182 million) into its mobile payment business as it tries to turn things around following a challenging year in 2018. The company

Go-Jek makes first close of Series F round at $9.5B valuation

Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t

Alibaba’s alternative to the app store reaches 230M daily users

WeChat isn’t the only one doubling down on lite apps. Ever since China’s messaging titan introduced “mini programs” two years ago, a handful of its peers including Alibaba and Baidu have followed with

Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

March Capital Partners, the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. It’s another indicator that the Los Angeles technology ecosystem is coming of age, but
Millions of bank loan and mortgage documents have leaked online

Millions of bank loan and mortgage documents have leaked online

A trove of more than 24 million financial and banking documents, representing tens of thousands of loans and mortgages from some of the biggest banks in the U.S., has been found online after a server

New policy puts revenue squeeze on China’s payments giants

The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of

Plaid snags Quovo to build full-service financial API offering

Plaid, a startup that has made a name building APIs for financial services apps aimed at consumers, expanded its horizon today with the purchase of Quovo, a similar company with a focus on the
Another day, another reversal in the stock market

Another day, another reversal in the stock market

Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first trading week for the New

Didi launches lending and insurance as new regulation threatens to lower driver numbers

Didi Chuxing, China’s dominant ride-hailing firm, is rolling out a range of financial and insurance services as it looks to fortify its service against a range of challenges in 2019. The company
2019 looks to continue another lights-out year for fintech startups

2019 looks to continue another lights-out year for fintech startups

We predicted fintechs would prove to be the more relevant disruptors in 2018. Looking ahead to 2019, we predict that fintechs will continue to steal the show.
Stock markets suffer their worst Christmas Eve trading day

Stock markets suffer their worst Christmas Eve trading day

Twas the last trading day before Christmas, and on the trading floor, Most stocks were falling, and then falling some more, Treasury Secretary Steven Mnuchin all the banks had called, In hopes that
How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants

How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants

360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two