Finance

Cap table management tool Carta valued at $800M with new funding

Carta, formerly known as eShares, has raised $80 million from Meritech and Tribe Capital.

Earnin raises $125M to help workers track and cash out wages in real time

The fintech company has raised the funds from DST Global, Andreessen Horowitz, Spark Capital, Matrix Partners, March Capital Partners, Coatue Management and Ribbit Capital.

Robinhood said to not be properly insured to offer checking & savings

Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood claims. “Robinhood […]

Robinhood launches no-fee checking/savings with Mastercard & the most ATMs

Robinhood is undercutting the big banks by forgoing brick-and-mortar branches with its new zero-fee checking and savings account features. With no overdraft or monthly fees, a juicy 3 percent interest rate, and a claim of more US ATMs than the five biggest banks combined, Robinhood is using the scalability of software to pass impressive perks […]

African fintech startup Jumo raises $12.5M more to fund Asia expansion

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, […]

NYC’s Work-Bench announces $47M enterprise investment fund

Work-Bench, an early stage enterprise startup venture capital firm based in New York City announced its $47 million Fund II today. It follows their initial $10 million fund. Work-Bench is itself like a venture capital investment startup. A scrappy operation run by just five enterprise industry veterans, it defies convention in a number of ways […]

Revolut gets European banking license in Lithuania

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand. As expected, Revolut applied for a license through the Bank of Lithuania and is leveraging […]

Juniper Square lines up $25M for its real estate investment platform

Juniper Square, which operates an enterprise software platform for commercial real estate investment firms, raised the funds from Ribbit Capital.

Dell votes to buy back VMware tracking stock and will likely go public

Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. The company confirmed the buy-back price of $23.9 billion. With today’s move, the company will likely go public. Sixty-one percent of shareholders voted in favor of the deal. It’s unclear how Wall Street will deal with the $50 […]

The economics and tradeoffs of ad-funded smart city tech

In order to have innovative smart city applications, cities first need to build out the connected infrastructure, which can be a costly, lengthy, and politicized process. Third-parties are helping build infrastructure at no cost to cities by paying for projects entirely through advertising placements on the new equipment. I try to dig into the economics […]