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Archive for the ‘Finance Articles’ Category

PayPal to acquire shopping and rewards platform Honey for $4B

PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page ...

In a race against Travis Kalanick, Kitchen United aims to **** with kindness; here’s its playbook

Cloud kitchens, ghost kitchens, dark kitchens. No doubt by now you know a little about these businesses that are moving into underused or more affordable properties that can be turned into shared workspaces for the purposes of cooking up meals exclusively for delivery. You probably also know that former Uber CEO Travis Kalanick has been ...

For sale: Decommissioned underground missile complex in Arizona

This decommissioned underground missile complex near Tucson, Arizona can be yours for just $400,000. The property sits on (under) 12 acres of land. A true fixer-upper, this unique piece of real estate would make an excellent starter lair for a supervillain family. Titan II missile not included. Here is the listing on Zillow.

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of unstructured data has closed a ...

Indonesia’s Travelio raises $18M to help tenants rent apartments

More than 50% of residential apartments and other real estate properties in Jakarta are currently vacant, according to official estimates. A startup that is attempting to make it easier for tenants to rent these properties in Jakarta and other places in Indonesia said on Thursday that it has closed a new financing round. Travelio has ...

Chaka opens up global investing to Africa’s most populous nation

Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries. Chaka positions itself as a passport to local and global investing. The startup has created an API and interface that allows ...

Goodbye Libra, hello Facebook Pay

A new proprietary online payment system for WhatsApp, Instagram, and Facebook launches today, exactly two weeks after all the payment companies dropped out of Libra.

The evil ******** at Facebook, to whom we're now supposed to refer as FACEBOOK, today unveiled Facebook Pay, which is not all caps, and which will work on Facebook, Facebook ...

Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. The results Jumia — with online goods and service verticals in 14 countries — posted third-quarter revenue growth of 19% ...

Stealth fintech startup Digits raises $10.5 million Series A from Benchmark and others

Stealth fintech startup Digits, from the same team that built Crashlytics to scale then sold to Twitter for over $100 million, has raised a $10.5 million round of Series A funding, the company is announcing today. The round was led by Benchmark and has the backing of 72 angels, including founders and CEOs from companies ...