A German start-up is trying to change America’s reluctance to long-distance ride-sharing by partnering with Uber to make it more convenient, even in the sprawling US.
Munich-based carpooling is launching today in the US with an app that lets drivers offer spare seats to passengers for rides. The model has proven a hit in Europe, with multiple start-ups in the same field, but it has not taken off in the US, where cities are further apart and public transit within most cities fairly meager. Blablacar, carpooling’s French rival, told the Financial Times last week that it would not launch in the US. Read more
Uber’s been investing heavily in lobbying politicians around the country to allow it to operate, but new data out suggests that, at least in one respect, politicians are already big fans of the group. Read more
Spanish bank BBVA has struck up a partnership with payments start-up Dwolla as the Spanish group continues trying to figure out how to integrate new digital technology into its core banking business.
The number of California residents whose personal data was stolen by hackers jumped six-fold between 2012 and last year, with nearly half of California’s residents affected by one of the year’s many data breaches, according to a new report by the state’s attorney general.
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