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Posts Tagged ‘bank’

New policy puts revenue squeeze on China’s payments giants

The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks. In the past, third-party payments firms were allowed to hold ...

Byju’s buys Osmo for $120M to add blended learning to its $4B digital education business

Weeks after it raised a massive $540 million funding round, Indian education unicorn Byju’s is on the M&A path. The company announced today it has snapped up U.S-based Osmo, a startup that develops apps for kids that use offline input, in a deal worth $120 million. Osmo has raised over $30 million from investors that ...

WeChat is quietly ranking user behavior to play catch-up with Alibaba

Over one billion people leave behind trails of information on WeChat every day as they use the messenger to chat, read, shop, hail rides, rent umbrellas and run many other errands. And the Tencent app has quietly started using this type of signal to determine whether a user is worthy of perks such as deposit-free ...

Scooter startup Bird tried to silence a journalist. It did not go well.

Cory Doctorow doesn’t like censorship. He especially doesn’t like his own work being censored. Anyone who knows Doctorow knows his popular tech and culture blog, Boing Boing, and anyone who reads Boing Boing knows Doctorow and his cohort of bloggers. The part-blogger, part special advisor at the online rights group Electronic Frontier Foundation has written ...

Stock markets suffer their worst Christmas Eve trading day

Twas the last trading day before Christmas, and on the trading floor Most stocks were falling, and then falling some more; Treasury Secretary Steven Mnuchin all the banks had called, In hopes that full coffers were still in their vaults; Bruising #stock selloff continues, as Treasury sec #Mnuchin tries to calm jittery #markets https://t.co/Ejcurl74nV via ...

Equifax, Western Union, Priceline settle with New York attorney general over insecure mobile apps

New York’s attorney general has settled with five tech and financial giants, requiring each company to implement basic security on their mobile apps. The settlements force Credit Sesame, Equifax (yes, that Equifax), Priceline, Spark Networks and Western Union to ensure data sent between the app and their servers are encrypted. Specifically, the attorney general said ...

Ten pieces of friendly VC advice for when someone wants to buy your company

David Frankel Contributor David Frankel is a managing partner at Founder Collective. More posts by this contributor Startups should read this checklist before they go ‘whale hunting’ for big partners You earn a million dollars a year and can’t get funded? I’ve been fortunate to have been part of half a dozen exits this year, ...

The Tissot Seastar 1000 is a low-cost and high-quality Swiss diver

In the pantheon of watches there are a few that stand out. Looking for your first automatic watch? Pick up a Seiko Orange Monster. Looking for a piece with a little history? The Omega Speedmaster is your man. Looking for an entry-level Swiss diver that won’t break the bank? Tissot’s Seastar has always had you ...

Petal’s no-fee credit card for the credit score-less is now open to the public

Petal, the startup credit card company that’s offering a no-fee credit line to people without a credit history, is now publicly available. Launched earlier this year by co-founders Jason Gross, Andrew Endicott, Andrew Ehrich, and Jake Arenas, Petal has received a $34 million credit facility from Jeffries and Silicon Valley Bank to bring its consumer ...

Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition. The deal is for Pinch, a startup that was focused on helping millennials and other young adults build better credit. It was best known for a service called PinchRent, ...