PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech

PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor having higher expectations than what analysts estimated for the high-flying company. Despite failing to delight the investing public, it’s possible to see continued strength for […]

Payments services company Finix adds $30 million to its Series B

Finix, a startup that provides payments-related services to other companies, announced it has extended its Series B financing with a $30 million investment led by Lightspeed Venture Partners and American Express Ventures. The fintech startup has now raised over $96 million in venture capital. According to CEO and co-founder Richie Serna, $90 million of that […]

Square’s Cash App tests new feature allowing users to borrow up to $200

Cash App, the peer-to-peer payments service from Square, is giving select users a way to get short-term loans. The company said it’s only testing the feature with around 1,000 users for now. But it could become more broadly available — and there are probably plenty of people who could use the money, given the state […]

Square’s Cash App tests new feature allowing users to borrow up to $200

Cash App, the peer-to-peer payments service from Square, is giving select users a way to get short-term loans. The company said it’s only testing the feature with around 1,000 users for now. But it could become more broadly available — and there are probably plenty of people who could use the money, given the state […]

Square acquires European peer-to-peer payment app Verse

Square acquired Verse, a Spanish peer-to-peer payment app that works across Europe. Terms of the deals are undisclosed. According to Crunchbase, Verse had raised $37.6 million from Spark Capital, eVentures and Greycroft Partners and others. Square has attracted a ton of user with Cash App, its peer-to-peer payment app that lets you easily send and […]

Worst Year For Tech IPOs Since 2009

NASDAQ With just 28 technology companies entering the U.S. public markets, 2015 was the worst year for IPOs since 2009, according to Dealogic. This compares to 62 last year and 48 the year before, with 131 “unicorns” opting to remain private longer. “We haven’t seen so few tech IPOs since the 2008-09 U.S. financial crisis,” notes Kathleen Smith, principal at IPO ETF… Read More

11 TechCrunch Stories You Don’t Want To Miss This Week

 This week two major tech companies went public, Pandora acquired Rdio and Lyft financials leaked. The Cribs crew visited the visually stunning Minted HQ, and we discussed the rentpocalypse with the CEO of Zumper on Bullish. These are our biggest …

The IPO Market Fails To Die

tech-ipo Technology IPOs, written off for the year just months ago, are back. And back in style.
Both Square and Match Group posted incredibly solid first-day results yesterday. You can’t knock that. All sarcastic tweets aside, the firms priced at a point that allowed each a nice pop. That’s how you build a damn narrative. Read More