Income inequality gets a lot of press time. At this point in history, the majority of Americans are well aware that the gulf between the nation’s highest earners – 1 percenters, as they are colloquially known – and the nation’s bottom earners has been well...
Jeremy Allaire’s bitcoin startup Circle has just secured $50 million in funding from Goldman Sachs and IDG Capital Partners, the company reported on its blog yesterday (April 29). Goldman and IDG join previous Circle investors Breyer Capital, General Catalyst Partners, Accel Partners, Oak Investment Partners, Fenway...
Whatever problems banks have — and there are many — trust isn’t one of them. In the U.S. and Canada, 86 percent of people said banks and financial institutions were the companies that they trust most with securely managing their data, according to a new...
Sometimes regulators’ efforts to protect consumers miss the mark. Case in point. In 1980, the State of Massachusetts actively intervened to prevent its citizens from investing in a flashy new tech startup for fear that the suggestible residents of the Bay State would be taken...
Mobile payments startup Fortumo has hired Google payments veteran Tim Carter as its chief revenue officer, the company announced on Friday (April 24). At Google, Carter launched payments for Google Play and managed mobile operator and device partnerships in the Europe, Middle East and Africa...
Funding Circle has gotten a capital infusion of its own, raising $150 million. The peer-to-peer online marketplace for business loans announced this week that it garnered the funds in a round led by DST Global. Also participating in the investment was Baillie Gifford, a fund...
Since its launch in 2008, the crowdfunding startup GoFundMe has been a bootstrapped operation. It seems that may be about to change, according to sources who spoke to TechCrunch. Sources further noted that one potential equity funder could be Accel Partners, who is rumored to...
California will track consumers who take out payday loans and ban letting online payday lenders getting electronic access to customers’ bank accounts under a new regulatory proposal, according to American Banker. The new rules would require payday lenders to secure loans with a paper check...
Ever since Everline and Ezbob joined forces in February to form what’s currently the biggest e-lending platform in the UK, it’s experienced a rapid growth rate. And while the alt-lending space is still at its infancy in the region, the landscape is changing, and the...