The hot foreign exchange app Revolut has ordinary users pledging millions to its equity crowdfunding campaign. Just yesterday, the startup announced it raised a $10 million (£7.75 million) Series A funding round to facilitate the way people send and receive money globally. Of the £7.75 million, UK-based Revolut opened up £1Read More
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Many finanical services professionals think blockchain can be the solution to their problems. A Texas startup thinks blockchain itself is problematic, and launched a service yesterday to improve upon it. Texas-based Swirlds announced yesterday a blockchain alternative called Hashgraph, opening it up for public download and use by developers. ToRead More
Confused as to which credit card best fits your needs? A Gainesville, Fla.-based startup says it will help you decide, by analyzing shopping behavior and optimizing credit card rewards. Birch, launched last week, integrates with credit card providers and banks to track users’ shopping habits. The app then suggests which credit cardsRead More
Uber has quietly been finding new ways to increase revenue — and its first target is payments.
TEL AVIV, Israel — Shalom, Citigroup. The megabank has turned to the tiny Middle Eastern nation as its new new hotspot for banking innovation. The bank’s chief innovation officer, Debbie Hopkins, did a turn in Israel recently to emphasize the New York-based bank’s new focus there. In remarks at theRead More
If you have dreamed about A/B testing for your banking app, wake up. It’s here. A new company out of Philadelphia called Artisan now allows for on-the-fly — yes, on-the-fly! — A/B app testing. The Artisan tool also lets “the business side” (meaning non-techies) adjust any app element in aRead More
ABN AMRO, the government-owned Dutch bank, will launch the first of several internally developed startups on Nov. 24 called Seeds. ABN actually said it would launch Seeds, a crowdfunding venture, in May 2012. It is not clear why there was such a delay. Seeds is part of ABN’s internal innovationRead More
Moneytree, a Japanese personal financial management app, has received $1.6 million in financing led by DG Incubation to bring its app to the US sometime in 2014. No, you’re not in a time warp. Moneytree is indeed a PFM solution. It relies on machine learning and peer data to customizeRead More
Some impressive hacks resulted from Dwolla‘s second internal hackathon at its headquarters in downtown Des Moines, Iowa, the company announced on Friday. Two of the more notable hacks were a Dwolla-based rewards program and a Dwolla mobile point-of-sale app. Dwolla offers a digital payment and money transfer service that is freeRead More
What do you think the next great American industry is going to be? Solar panels? Lasers for household use? If you said “cannabis,” we’ve got the startup for you: WECANNA. WeCanna describes its mission this way: “Through crowdfunding and industry news, WECANNA educates, inspires and accelerates the new, legal hempRead More