Startups

MasterCard Beefs Up Its Fintech Acquisitions

MasterCard Beefs Up Its Fintech Acquisitions

by July 29, 2015 at 6:15 pm 0 comments

You certainly can’t accuse MasterCard of ignoring FinTech innovators. In addition to running hackathons with startups all over the globe — the next one is in Mexico City this weekend — MasterCard is acquiring companies left and right. CEO Ajay Banga described what the company is looking for in the M&A spaceRead More

Alternative Finance Is Not So Alternative Anymore

Alternative Finance Is Not So Alternative Anymore

by July 29, 2015 at 1:19 pm 0 comments

Online fundraising platform Onevest is a few days (and a few dollars) short of finishing its latest funding round — on its own platform. The company’s crowdfunding platform is typically used to fund startups, which Onevest is, or was — it started in 2010. Crowdfunding, along with P2P or marketplace lending, fills outRead More

3 Startups to Watch: Principly, EdAid, Wayerz

3 Startups to Watch: Principly, EdAid, Wayerz

by July 29, 2015 at 11:48 am 0 comments

This week’s startups to watch take on financial aid for education and optimized hardware for bank operations. Principly – Principly sims to bring modern sensibilities to the traditional concept of a college fund. Its stated mission is “to make college a reality for more kids by empowering families to save smarter andRead More

Top 5 FinTech Rounds: Marketplace Lenders Keep Piling Up Capital

Top 5 FinTech Rounds: Marketplace Lenders Keep Piling Up Capital

by July 27, 2015 at 12:27 pm 1 comment

Marketplace lenders dominated the FinTech venture capital rounds last week. Money has been pouring into the space as investors hunt desperately for returns. American companies continued their resurgence in the Top 5, with three companies based in New York, California, and Georgia garnering money.   LiftForward, Inc., $250 Million – LiftForward operates aRead More

CurrencyTransfer.com Prepares Major Funding Round

CurrencyTransfer.com Prepares Major Funding Round

by July 24, 2015 at 10:55 am 0 comments

CurrencyTransfer.com, a currency exchange marketplace for businesses, is preparing a major funding round from institutional investors later this year, the company told Bank Innovation. CurrencyTransfer.com has received an undisclosed amount of funding from angel investors including Errol Damelin, Gigi Levi, Barak Rabinowitz, and Itay Birnboim. Innovative solutions abound for movingRead More

MasterCard’s Embrace of APIs Leads It to Smaller Clients

MasterCard’s Embrace of APIs Leads It to Smaller Clients

by July 23, 2015 at 11:55 am 3 comments

MasterCard Inc. has confirmed what many suspected: that is application programming interface, or API, offerings are leading to a larger population of smaller clients at the payments network. At a NYPAY Meetup last night in New York, Brien Buckman, who heads MasterCard’s API skunk works at the payment company’s swank Tech HubRead More

3 Startups to Watch: FrankMoney, Text a Loan, TravelersBox

3 Startups to Watch: FrankMoney, Text a Loan, TravelersBox

by July 22, 2015 at 9:15 am 1 comment

This week’s Startups to Watch help solve three consumer problems: seeing how donations get used, getting loans fast, and ditching pesky foreign currency right at the airport. Frank Money  – Frank Money is a public-facing transparent ledger that plugs in to charities’ bank accounts in order to provide donors and contributors withRead More

Jet.com Launches and Explains Its Low Prices [Video]

by July 21, 2015 at 1:32 pm 0 comments

Jet.com, the well-funded challenger to Amazon.com, officially launched today. Comedian Kumail Nanjiani from HBO’s “Silicon Valley” hosts the introductory video, which takes on the prodigious task of explaining Jet’s pricing algorithm, as well as other “technomologial” stuff, as Nanjiani puts it. Jet offers additional discounts if users waive their rightRead More

Utility Payments in Africa Draw 2 Startups — From the U.S.

Utility Payments in Africa Draw 2 Startups — From the U.S.

by July 21, 2015 at 11:53 am 0 comments

M-Pesa is far from the only FinTech innovation happening in Africa, but its value proposition — moving money through the mobile phone — is central to innovation efforts on the continent. Mobility is transforming financial services in Africa more dramatically than perhaps anywhere else, since it allows companies to leapfrog expensive infrastructureRead More

Top 5 FinTech Rounds: Fenergo, RealtyMogul, Ethoca & More

Top 5 FinTech Rounds: Fenergo, RealtyMogul, Ethoca & More

by July 20, 2015 at 1:00 pm 0 comments

This week’s theme is communities, connections, and crowdfunding. The top fintech rounds last week contained a mild surprise: unlike in previous weeks, the Top 5 was dominated by American companies. Three out of the five venture capital rounds featured here are headquartered in the US, with two based in California, and oneRead More

Carl Icahn Was Right About PayPal

Carl Icahn Was Right About PayPal

by July 20, 2015 at 10:42 am 0 comments

Carl Icahn, the activist investor, argued that PayPal was “shrouded by a conglomerate discount.” Today we can say Icahn was right. PayPal started trading today with the ticker PYPL and by midmorning Eastern Time, the company’s market cap neared $47 billion, while eBay, its former parent company, was valued at $34Read More