Curve, the app that connects your debit and credit accounts to just one Curve Mastercard, is launching the Curve Cashback offer – exclusively available to new Curve customers. (more…)
C2FO, the world’s largest market for working capital, has completed a $100MM funding round led by Allianz X and Mubadala Investment Company, along with strong participation from existing C2FO investors: Temasek, Union Square Ventures, and Mithril Capital. (more…)
If there’s something we’ve all learned since cryptocurrencies starting appearing at every street corner, is that you can easily fail and lose your money if you pick the wrong ones to invest in. (more…)
By Matthew Lynley,
Square posted a largely successful fourth quarter that showed continuing growth with its Cash App — with users spending around $90 million on its Cash card in December, putting it on a potentially $1 billion run rate. (more…)
By Samantha Hurst for Crowdfund Insider,
Virgin Money, a financial firm under Virgin that offers savings, mortgages, credit cards, current accounts, currency services, pension, investments, and protection products to customers across the UK, has reportedly spent a total of £38.3 million over the last year to develop its brand new digital bank to attract more customers to its services. According to the company, the new digital bank will offer customers a Universal Account that can be personalized to create a unique proposition tailored to individual needs. (more…)
Apparently, you know what Bitcoin Cash is. It appeared with the launch of Bitcoin hard fork on August the 1st. But who really uses this upgraded version of the First Cryptocurrency? As of today, Bitcoin Cash is a great tool for crypto investors and traders all over the world. (more…)
By Romain Dillet for TC
Circle just announced that it is acquiring U.S.-based cryptocurrency exchange Poloniex. According to Fortune, Circle is paying $400 million for the acquisition. Poloniex has been around for years and used to be one of the biggest exchanges out there — there are now many exchanges competing with Poloniex. (more…)
By Catherine Shu for TC
JD.com, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. (more…)
Belgian bank KBC is integrating services from non-banks into its apps, enabling customers to pay for their parking and check the balance on employer-issued meal vouchers. (more…)
Lino Silicon Valley Company has been planning to create blockchain technology youtube to remove middlemen in pursuit to create an advantage to content creators.
By Tomasz Tunguz from Redpoint Ventures for his blog
Founded in 2007, Dropbox epitomizes the freemium go-to-market. Dropbox has grown from 0 to 500 million users over that time period. 2% of those users convert to paid and pay an average of $9.33 per month. 90% of revenue originates through self serve channels – an astounding figure for company that generated more than $1B in revenue last year. (more…)
Bank of America, one of the largest banks on the planet, published its 10-K with the Securities and Exchange Commission (SEC) this past week. The Annual Report for most publicly listed institutions is a routine event with few people digging into the document except for dogged analysts, lawyers looking for loopholes, and a few dedicated investors. In this years Annual Report, it has been widely noted that B of A has listed Cryptocurrency as a risk to its operations going forward. (more…)
By Catherine Shu for TC
Long-time collaborators Tencent Holdings and JD.com have each bought minority stakes in Better Life, a Chinese retail conglomerate. According to a filing made on Friday by Better Life, which is traded on the Shenzhen Stock Exchange, Tencent paid 886.9 million RMB (about $140 million) for a 6% stake, while JD.com took a 5% stake for 739.1 million RMB ($117 million). (more…)
Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. (more…)
The boards of Temenos and Fidessa have reached an agreement on the terms of an all-cash takeover of the UK-based trading technology supplier in a transformational deal for the Swiss core banking vendor.
By Phil Glazer @ MGV. Previously @KKR_Co & @UCBerkeley
This piece reviews valuation models used for traditional asset classes like equities, bonds, and real estate, then reviews models that may be useful in valuing cryptocurrencies. This piece is the first in a series of pieces exploring ways to think about valuing cryptocurrencies — follow on Medium to stay updated. This piece will cover cryptocurrency valuation models proposed by other writers and future pieces will propose novel valuation models.
Ernit, a Danish piggy bank app that hopes to make digital money more tangible to kids, is ready for a national roll out after striking a deal with local bank Spar Nord.
February 2nd, 2018 was the day when a new series of employment and earnings figures from the US were released. The numbers have again been encouraging, after a slight disappointment a month ago. For those people trading online, that is good news as it could signal that we’ll have activity in the financial markets this year, as well. (more…)
By Gaurav Sharma
Market shifts are a bit like earthquakes. A lot of pressure builds up over a long period of time. There are small tremors, but for the most part, nobody notices any change. The tectonic plates may actually have risen or fallen a few feet, but it is not noticeable on the surface due to small changes over a long time. But then, suddenly things pop and the world is quickly thrown into a primal state of Darwinian survival. Only the most adaptable— survive to see the world renewed.
DocuSign has today announced that BBVA Switzerland, the only bank in the BBVA Group devoted exclusively to Private Banking, has implemented DocuSign to improve the customer experience for thousands of high-net worth individuals across more than 15 countries. (more…)