New Money

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Tala’s local approach to global growth fuels $50 million Series C

Microlender Tala has proven, in the seven years since its launch, that it’s possible to effectively underwrite borrowers in emerging markets without credit bureaus. Using nontraditional data pulled from mobile phones, the Los Angeles-based startup has extended credit to over 1.3 million customers. Now Tala is expanding from its existing base–Kenya, Tanzania, and the Philippines–to … Continue reading “Tala’s local approach to global growth fuels $50 million Series C”

Tala’s local approach to global growth fuels $50 million Series C
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Square combines scheduling and payments for sole proprietors

Square’s Appointments product has become a popular option for smaller merchants, who rely on the service to schedule customers and manage their business calendar. Many such merchants have also been using Square’s point-of-sale app for payment processing, but until now the products operated separately. Now, Square is bringing Appointments and payments under one umbrella, while … Continue reading “Square combines scheduling and payments for sole proprietors”

Square combines scheduling and payments for sole proprietors
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Affirm financing is now available in brick-and-mortar stores

Affirm, a point-of-sale lending startup, has popularized the use of online installment loans to pay for big-ticket purchases like sofas and mattresses. Now the company is bringing its technology into brick-and-mortar retail, starting with a dozen existing merchant partners, including Peloton and Simply Mac. By the end of the year, Affirm expects to be in … Continue reading “Affirm financing is now available in brick-and-mortar stores”

Affirm financing is now available in brick-and-mortar stores
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Investing app Robinhood is raising $350 million, valuing it at $5 billion

Stock-trading app Robinhood is in talks with investors to raise about $350 million in new venture funding at a $5.6 billion valuation, according to the Wall Street Journal. The startup, which has raised $176 million to date, was valued at $1.3 billion last April. The new round was led, the Journal reports, by DST Global, … Continue reading “Investing app Robinhood is raising $350 million, valuing it at $5 billion”

Investing app Robinhood is raising $350 million, valuing it at $5 billion
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Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?

So far, it would appear not! Credit Karma, which operates a tax-filing service, said Tuesday that out the 250,000-plus 2017 federal tax returns it has processed to date, less than 0.04% of them include any mention of a cryptocurrency transaction. And yet some surveys suggest that as many as half of Americans have made investments in … Continue reading “Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?”

Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?
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Y Combinator is launching an “investor school” to help aspiring angels get their wings

If you’ve ever dreamed of becoming an angel–an angel investor, that is–then Y Combinator wants to have a talk. The elite incubator is launching a program called Startup Investor School, designed for aspiring angels. Topics will include dealflow, dilution, and cap tables. Students who complete the four-day program, which will be available online or in-person, … Continue reading “Y Combinator is launching an “investor school” to help aspiring angels get their wings”

Y Combinator is launching an “investor school” to help aspiring angels get their wings
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Just 2% of VC dollars went to female founders in 2017

Startups founded by women raised $1.9 billion in venture capital funding last year, or roughly 2% of the $85 billion raised overall, according to industry data tracked by research firm Pitchbook. In 2016, female founding teams raised an even smaller percentage of the total VC dollars raised—1.9%, or $1.4 billion. Deals involving women-led startups represented 4.4% … Continue reading “Just 2% of VC dollars went to female founders in 2017”

Just 2% of VC dollars went to female founders in 2017
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Japan’s biggest messaging app is getting into crypto

Line, the Japanese messaging service best known for its emoji stickers, plans to introduce crypto trading, insurance, bill payment, and other financial services in the coming months, Bloomberg reports. Line is the first major messaging service to apply for permission to open a cryptocurrency exchange. But with products like banking and insurance, the company will … Continue reading “Japan’s biggest messaging app is getting into crypto”

Japan’s biggest messaging app is getting into crypto
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