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Archive for the ‘Finance Articles’ Category

Square’s Cash App tests new feature allowing users to borrow up to $200

Cash App, the peer-to-peer payments service from Square, is giving select users a way to get short-term loans. The company said it’s only testing the feature with around 1,000 users for now. But it could become more broadly available — and there are probably plenty of people who could use the money, given the state ...

Building a fintech giant is very expensive

Venture capitalists and other investors have poured capital into fintech startups around the world in recent years, including a record number of rounds worth $100 million or more in the second quarter of 2020. In Q2 2020 venture-backed fintech startups raised 28 nine-figure rounds, underscoring the scale of the bet investors are making on fintech’s ...

9 Berlin-based VCs discuss how COVID-19 has changed the landscape

A breeding ground for European entrepreneurs, Berlin has a knack for producing a lot of new startups: the city attracts top international, diverse talent, and it is packed with investors, events and accelerators. Also important: it’s a more affordable place to live and work when compared to many other cities in the region. Berlin ranked ...

Vitesse, a fintech providing real-time cross-border payments for businesses, scores £6.6M Series A

Vitesse, the London-based fintech that offers real-time cross-border payments for businesses, has raised £6.6 million in Series A funding. The round is led by Octopus Ventures, with participation from existing backers including Hoxton Ventures and various angel investors. The company says the new investment will be used for growth, including building out its sales and ...

Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India

Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. Sequoia India, the India and SEA investment arm of the storied U.S. headquartered venture firm, led the Series A round in four-year-old Incomlend. The CMA CGM ...

The tale of 2 challenger bank models

Emerging market challenger banks will have to look carefully at market conditions, possible target segments, sustainable revenue sources and the regulatory structure that best supports their desired business model. ...

For sale: Cold War bunker and missile silo

This warm and welcoming missile silo and command bunker, built in the 1970s, could be your new home. Located just 30 minutes south of Canada in Fairdale, North Dakota, the 50-acre site will go up for auction on August 11. Bring your contractor! From Pifer's auctions:

Site needs some repair, but could provide that extra ...

Facebook doubles down on work-from-office with massive NYC lease near Penn Station

We’ve had huge debates about the future of work — are we going to be working from home, working from the office, or perhaps, working from anywhere? Work From Home is dead, long live Work From Anywhere Well, Facebook has put its wager down, and it’s work from office. In a flurry of articles in ...

Mobile bank Current launches a points rewards program for debit card users

Amid a crowded market of mobile banking services, which will soon also include Google, U.S. challenger bank Current is launching a new program that will offer points-based rewards to its checking account customers. The program will allow Current members to earn up to 15x points on everyday debit card purchases at over U.S. 14,000 merchants, ...