London’s burgeoning fintech scene is about to get a bit bigger as a US start-up with a board of former Wall Street chief executives starts expanding internationally.
Orchard, a online direct lending platform, just raised $12m in venture funding with plans to open an office in London to tap into the UK’s growing demand, and government support, for direct lending.
Start-up Product Hunt, not yet one year old, may be setting new records for fastest fundraisings and longest list of big name investors.
One of the early investors in payment processing start-up Stripe is upping its investment. Not in the company itself, valued earlier this year at near $2bn, but in the ecosystem of other start-ups that is slowly coalescing around it.
General Catalyst, an early investor in Stripe, is putting up $10m fund to invest in start-ups that offer services, like analytics or other business analysis tools, tied to the company’s Stripe Connect platform. Read more
Payments start-up Square is raising at least $100m in a funding round that valued the group at $6bn, up from a $5bn valuation earlier this year, according to a new company filing.
Paypal will soon start to enable merchants on its payments processing network to accept bitcoin, a sign of the growing acceptance and maturation of the volatile digital currency sometimes derided as magic internet money.
It’s already obvious that investment into start-ups is booming, and new data out today shows just how loudly the market is roaring. Read more
A new tie-up between a payment company affiliated with Chinese e-commerce group Alibaba and a US-based payments processor could soon make it far easier for Chinese shoppers to buy online from overseas retailers.
Stripe, a San Francisco start-up that handles payments for online retailers, has started to let online retailers accept purchases made through Alipay, an Alibaba-affiliated payment method that is by far China’s most popular way of paying for goods bought online. Read more
What can a company that proposes using drones to deliver goods instantaneously do to impress?
Amazon tried hard with its Fire phone, the first smartphone ever from the e-commerce giant. It sort of succeeds, but the best thing about the phone is the vision of what it could become after a few rounds of refinements and tweaks. Read more
A win for online education and sensible sanctions regulation. Today, online course provider Coursera says it is able to re-open the majority of its classes to Iranian students, a few months after US sanctions on Iran and certain other nations forced the start-up to block learners in those countries from its site.