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Archive for the ‘Finance Articles’ Category

Startups Weekly: SoftBank’s second act

In this week's newsletter: Everything you need to know about the Vision Fund II. ...

Fintech decacorn Nubank raises $400m led by TCV

Another day, another mega round for a fintech startup. And this one is mega mega. Brazil-based Nubank, which offers a suite of banking and financial services for Brazilian consumers, announced today that it has raised a $400 million Series F round of venture capital led by Woody Marshall of TCV, the growth-stage fund best known ...

How startups can make the open office work, for employers and employees

Alejandra Albarrán Contributor Share on Twitter Alejandra Albarrán is ROOM’s Director of Design and Innovation, responsible for shaping the company’s iconic approach to creating products that make the open office open to more. The open office plan was intended to help collaboration and productivity across employees and teams while better utilizing less square feet per ...

What lower Netflix pricing tells us about competing in India

At a conference in New Delhi early last year, Netflix CEO Reed Hastings was confronted with a question that his company has been asked many times over the years. Would he consider lowering the subscription cost in India? It’s a tactic that most Silicon Valley companies have adapted to in the country over the years. ...

Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.

Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so. The service, which launched earlier this month, is one of the slew of new ideas coming from businesses that are angling to help build up credit scores for folks who can’t (or won’t) ...

Embedded finance, or why fintech mega VC rounds have become so common

Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised another $170 million on top of its $300 million round earlier this year. Brex raised another $100 million last month on top of its ...

For Sale: Offshore fortress and gun tower built in 1851

This incredible offshore fortress and defense gun tower at Pembroke Dock, South West Wales, UK is for sale. It was built in 1851 and "designed to be operated by one officer and 33 men." Offers above £70,000 will be entertained. From the real estate listing:

The North East Dockyard Tower was originally built to accommodate ...

A deep dive into Elizabeth Warren’s plan to tame private equity

Yesterday, I published a brief analysis of Elizabeth Warren's plan to close the loopholes that allows private equity to defraud investors, creditors and workers to make billions while destroying the real economy.

Today, I'm going to suggest that you read Yves Smith's analysis of the proposal on ***** Capitalism. Private equity is one ...

Free stock trading app Robinhood raises $323M at $7.6B valuation

Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. The Series E financing values the Menlo Park-headquartered business at $7.6 billion, up from its Series D valuation of more than $5 billion. Ribbit Capital, NEA, Sequoia and Thrive Capital have also participated in the round, ...

Elizabeth Warren’s banking proposals are designed to demolish the private equity sector and force finance to serve the people

Elizabeth Warren's bid for the Democratic 2020 presidential nomination has been dominated by a series of bold, detailed policy proposals that are designed to enact deep, structural changes in American law and policy to reverse 40 years of post-Reagan corruption and wealth accumulation by the richest 1%.

One of these proposals deals directly with the ...