Category: finance

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January 15, 2020

Mobile payment app Lydia raises $45 million round led by Tencent

French startup Lydia is raising a $45 million Series B round (€40 million). Tencent is leading the round with existing investors CNP Assurances, XAnge and New Alpha also participating. If you live in France, chances are you already know Lydia quite well. The company has...


by Romain Dillet in Apps
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December 12, 2019

Robinhood lets you invest as little as 1 cent in any stock

One share of Amazon stock costs over $1700, locking out less wealthy investors. So to continue its quest to democratize stock trading, Robinhood is launching fractional share trading this week. This lets you buy 0.000001 shares, rounded to the nearest penny, or just $1 of...


by Josh Constine in Apps
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December 12, 2019

Atom Finance’s free Bloomberg Terminal rival raises $12M

If you want to win on Wall Street, Yahoo Finance is insufficient but Bloomberg Terminal costs a whopping $24,000 per year. That’s why Atom Finance built a free tool designed to democratize access to professional investor research. If Robinhood made it cost $0 to trade...


by Josh Constine in Apps
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November 27, 2019

Revolut supports direct debits in the UK

Fintech startup Revolut is adding a key feature for users who want to replace their traditional bank account altogether. You can now pay with GBP direct debits. Revolut already added EUR direct debits last year. While most people use cards to pay for goods and...


by Romain Dillet in Apps
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November 27, 2019

Fabric’s new app helps parents with the hard stuff, including wills, life insurance & shared finances

A new app called Fabric aims to make it simpler for parents to plan for their family’s long-term financial well-being. The goal is to offer parents a one-stop-shop that includes the ability to ability for term life insurance from their phone, create a free will...


by Sarah Perez in Apps
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October 30, 2019

Facebook shares rise on strong Q3, users up 2% to 2.45B

Despite ongoing public relations crises, Facebook kept growing in Q3 2019, demonstrating that media backlash does not necessarily equate to poor business performance. Facebook reached 2.45 billion monthly users, up 1.65 percent from 2.41 billion in Q2 2019 when it grew 1.6 percent, and it...


by Josh Constine in Advertising Tech
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October 24, 2019

Mobile banking app Current raises $20M Series B, tops half a million users

Mobile banking app Current, which began as a teen debit card controlled by parents, expanded to offer personal checking accounts earlier this year. Now the company says it has grown to host over 500,000 accounts on its service and has closed on $20 million in...


by Sarah Perez in banking
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October 23, 2019

Lowlights from Zuckerberg’s Libra testimony in Congress

Congress grilled Facebook’s CEO today, unleashing critiques of his approach to cryptocurrency, privacy, encryption, and running a giant corporation. Mark Zuckerberg tried to assuage their fears while stoking concerns that if Facebook doesn’t build Libra, then the world will end up using China’s version. Yet...


by Josh Constine in Apps
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October 22, 2019

Snapchat beats in Q3, adding 7M users & revenue up 50%

The Snap-back continues. Snapchat blew past earnings expectations for a big beat in Q3, as it added 7 million daily active users this quarter to hit 210 million, up 13% year-over-year. Snap also beat on revenue, notching $446 million, which is up a whopping 50%...


by Josh Constine in Advertising Tech