More major consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and businesses outside of South Africa (including a big stake in Tencent) — today announced that it would pay $4.7 billion to acquire BillDesk, a payments provider based in India.…
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Yifat Aran Contributor Dr. Yifat Aran is a visiting scholar at the Technion, Israel Institute of Technology, and an Assistant Professor in Haifa University Faculty of Law. She earned her JSD from Stanford Law School where her dissertation focused on equity-based compensation in Silicon Valley startups. More posts by this contributor The SEC should do…
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India’s CRED, which rewards users for paying their credit-card bills on time, is broadening its offerings to help its 7.5 million members gain more from the service. The Bangalore-based startup said on Thursday that CRED users can now lend to one another at an interest rate of up to 9% annually. Kunal Shah, founder and…
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We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) —…
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FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a…
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Assembling a startup team is harder than assembling 10 IKEA dressers, and the stakes are much, much higher. Starting with the assumption that 90% of startups will fail and the most successful ones take an average of six years to IPO, founders must make careful decisions about whom they invite to join the core team.…
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On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means for the startup market. For…
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Pam Kreuger Contributor Pam Kreuger is the founder and CEO of Wealthramp.com, a free online service that matches consumers with qualified, fee-only financial advisers, and the creator and host of the investor-education television series “MoneyTrack.” John Chapman Contributor John Chapman is a certified financial planner professional with WorthPointe Financial Planners in Newport Beach, California, and…
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Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, API-based infrastructure, has been on a growth tear in the last several months, and to fuel its expansion, it has now raised another round of funding. TechCrunch…
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Another excellent quarter for Apple, as the company posted $81.4 billion in revenue. That’s a 36% year-over-year jump for the company, besting Wall Street estimates of $73.3 billion by a considerable margin. “Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product…
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