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Archive for the ‘Finance Articles’ Category

Home buying and selling platform Perch raises $220M in debt and equity

Perch, a home-buying and selling platform, has raised $220 million in a combination of equity ($20M) to fund operations and debt ($200M) to finance home purchasing. The equity investment was led by existing investors FirstMark Capital, with participation from Accomplice and Juxtapose. Perch declined to disclose the debt lender in the deal. Perch was founded ...

India’s Mswipe raises $30M to grow its smart point-of-sale terminal business

Mswipe, an Indian fintech company that develops point-of-sale terminals for merchants, has pulled $30 million in new funding as it bids to triple its reach to 1.5 million merchants over the next year. The company’s previous funding as a Series D in 2017 that ended up at just over $40 million, thanks to a $10 ...

Online catering marketplace ezCater gets another $150M at a $1.25B valuation

Lightspeed Venture Partners and GIC have co-led the investment in ezCater only 10 months after its $100 million Series D. ...

The Boston Globe on breaking up Big Tech falls into the trap of tech exceptionalism

The Boston Globe has published a giant weekend package of responses to Elizabeth Warren's proposal to break up the Big Tech monopolies.

I'm absolutely in favor of this proposal, but I'm concerned that the proponents for it have fallen into the trap of tech exceptionalism, the idea that tech is either intrinsically monopolistic (something ...

Lyft pops 21% on its first day of trading on Nasdaq, after raising $2.2B in its IPO at a $24B valuation

Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning. Trading as LYFT on Nasdaq, the company’s shares opened at nearly noon today at $87.24, a pop of 21 percent on the $72/share ...

Grab is talking to Ant Financial and PayPal about spinning out its financial services business

Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional ...

Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal

Ellevest, a digital investment platform specifically focused on helping women meet their financial goals, has raised an additional $33 million in a new round led by Rethink Impact and PSP Growth. The funding includes a handful of notable, new investors including Melinda Gates’s investment fund Pivotal Ventures; PayPal; Wynn Resorts co-founder Elaine Wynn; former Google ...

How Apple Card works

One of the most buzzy announcements on Apple’s stage this week was Apple Card, its in-house credit card powered by Goldman Sachs and Mastercard. Consumers, tech press, financial press and Wall Street were all intrigued for various reasons. But there are still a ton of questions around the way it works mechanically, the terms involved ...

How hedge funds, Goldman Sachs, and corrupt executives used Gymboree’s chaotic bankruptcy to cash out while destroying the careers of loyal employees

Gymboree is one of the many companies acquired by Mitt Romney's Bain Capital, through a "leveraged buyout" through which the company was loaded up with debt so that the hedge fund could cash out; the company was left with massive debts and cycled through a succession of incompetent, inexperienced grifter CEOs who eventually ran the ...