TECHCRUNCH: Docker, CoreOS, Google, Microsoft and Amazon are now working on a new standard for software containers with the help of the Linux Foundation. Other members of this coalition include Apcera, Cisco, EMC, Fujitsu Limited, Goldman Sachs, HP, Huawei, IBM, Intel, Joyent, Mesosphere, Pivotal, Rancher Labs, Red Hat and VMware — that is, virtually everybody who has a stake in building a thriving container ecosystem. (more…)
TECHCRUNCH: Homebase, a San Francisco-based startup, is launching out of beta to take the pain out of scheduling and payroll management for small business restaurants and retailers. 90 percent of retail and restaurant scheduling is currently done on paper or Excel, which makes managing payroll an owner’s nightmare. It takes an average of seven hours per week to review timesheets and coordinate schedules, all while taking into account labor law compliance, overtime rates, and keeping within your operating budget. (more…)
DEALSTREETASIA: Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month, and is in the process of starting operations in Singapore, Indonesia and Thailand. The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs and asset managers backed by decades of experience.
Business Insider: Apple has succeeded in a space where few of its competitors have — retail.
Apple’s brick-and-mortar stores have become a staple of the shopping experience for iPhone, Mac, and now Apple Watch shoppers.
The company has managed to nail retail in a way that others haven’t, as statistics comparing traffic in Apple Stores vs. Microsoft Stores during the holiday shopping season in years past have clearly shown. (more…)
TECHCRUNCH: GoFundMe confirmed that it has raised venture capital financing in a blog post today, infusing the previously bootstrapped company with cash that will give it room to grow. (more…)
Forbes: CrediFi (aims to solve the lack of transparency, particularly around key financial information, in the Commercial Real Estate space, and providing in-depth loan information previously unknown to the market), City Falcon (is looking to level the playing field in the $25b financial information services market bringing “Bloomberg to the consumer”) and TransferWise (more…)
International Business Times: Paytm, which has recently forayed into online retailing business, is planning to bring in 1,00,000 sellers from Chinese e-tailer Alibaba’s online arm AliExpress to its platform from August. The Delhi-based company estimates its gross merchandise value (GMV) to increase by $1.5 billion from AliExpress businesses in the next six months. Paytm, originally a mobile payment services, has crossed $1.5 billion (about ₹9,600 crore) in GMV in the year ending April 2015. (more…)
FINEXTRA: Having occupied relatively safe niches, such as payments and P2P-lending, fintech companies are now moving toward the core banking business. For them it is a multi-billion dollar opportunity to reinvent the financial services, but they won’t cope without the support of the current banking industry, according to the report by Santander InnoVentures, Oliver Wyman and Anthemis Group. Read the report (more…)
THE COINTELEGRAPH: Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries that they say is likely to take the lead in digital payment startups and new businesses, while they criticize NFC payments as a “solution still looking for a problem.” (more…)
TECHCRUNCH: Revel makes one of the leading iPad point-of-sales systems and was among the first to offer Apple Pay. Despite its focus on mobile payments, however, the startup is also trying to attract companies that are wary of handling financial transactions solely through wi-fi. To get more enterprises on board, Revel is launching wired ethernet connections, a move that it hopes will convince large retail businesses to replace their cash registers with iPads. (more…)
TECHCRUNCH: Azimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. (more…)
BUSINESS INSIDER: Stripe, the £3.2 billion ($5 billion) US online payments start-up, is rolling out across the Nordics, taking it head-to-head with one of Europe’s most valuable fintech businesses. Stripe’s co-founder John Collison announced at MoneyConf in Belfast today that the company is launching across Sweden, Denmark, Norway and Finland this week. That puts it in direct competition with Klarna, a rival Swedish online payment company valued at £650 million ($1 billion).
WIRED Money: After 20 years of experience in the money transfer industry, Ahmed founded WorldRemit — a platform for friends and family separated by geographical boundaries to send one another funds. Before setting up the business, he worked for the United Nations Remittance Programme, helping African money transfer companies comply with the tough anti-money laundering rules introduced after the 9/11 attacks. (more…)
Fastcompany: Many millennials want to make the world a better place, and the future of work lies in inspiring them. Here’s what smart companies can do. Despite struggling with debt, recession, and the jobs crisis, millennials—who will account for 75% of the workforce in 2025— are not motivated by money. Rather, they aim to make the world more compassionate, innovative, and sustainable.
Coindesk: Two of Australia’s ‘big four’ banks, Westpac Banking Corporation and the Australia and New Zealand Banking Group, are experimenting with peer-to-peer transfers on the Ripple protocol.
The news, revealed by The Australian Financial Review, follows last month’s announcement that the Commonwealth Bank of Australia (CBA) – another ‘big four’ rival – is trialling the tech for transfers between its subsidiaries. At the time, CBA’s chief information officer David Whiteing described distributed protocols as “the way of the future”.
TECHINASIA: When we decided to relocate the Life.SREDA fund from Russia, a number of countries – Great Britain, Estonia, Latvia, Hong Kong, Singapore – invited us to move there and do business with them. Here are some reasons, according to my expertise, why Singapore is the best place in the world for financial innovation: (more…)
Wired: Countless people already use Pinterest to discover and share things they like, from recipes and craft projects to outfits and accessories. Now, the five-year-old social network is finally letting its users take the next obvious step: buying those things.
On Tuesday at an event in San Francisco, Pinterest unveiled buyable “Pins,” a way for pinners to buy products directly on the social network.