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Posts Tagged ‘square’

Oura raises $28 million for its health and sleep tracking ring

Smart rings are still a relatively young category in the wearable hardware world, but the Oura Ring seems to be a standout in terms of early success. The Oura Ring hardware is sleek and packed with sensors, allowing it to measure a user’s sleep patterns, take your body temperature and track activity, and now Oura ...

The six strategic stages of seed fundraising in 2020

Seed fundraising is rarely easy, but it certainly used to be a lot less complicated than it is today. In a simpler world, a seed investor (or maybe two) would lead a round, which meant that they would write the terms of the deal in a term sheet and then pass that document to their ...

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats. A notable trend-within-the-trend is ...

Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments

Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at every merchant you shop at, you ...

Square reports Q1 sales of $489M, up 59%, but net loss widens to $38M

After Square issued weak guidance in Q4, all eyes were on the payments company to see what kind of growth it really had in Q1. Results reported today underscored some of the challenges the company is facing. Square’s adjusted revenues were $489 million, up 59 percent year-on-year, with adjusted earnings per share of $0.11. Both figures beat analysts’ estimates. ...

WashU announces donation from Square co-founder to grow engineering school

Washington University in St. Louis (WashU) announced today that its engineering school received its largest single donation in history. The donation was offered by Square co-founder and WashU alumni Jim McKelvey, for whom the school will be renamed, from the School of Engineering & Applied Science to The James McKelvey School of Engineering. WashU did ...

A new Square debit card makes it easy for businesses to spend their Square revenue

Square is announcing a new debit card, called the Square Card, which will allow businesses to withdraw and spend the money they’re bringing in through Square payments. In a conference call with reporters, the company laid out a number of benefits that the card should offer to Square sellers. The big one: It could help ...