Betting consumers are tired of bad bank behavior, Aspiration raises $47 million for its alternative

 A who’s-who of celebrities, investors, and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to challenge the traditional banking industry. For Andrei Cherny, Aspiration’s founder and chief executive, the company’s business is an inversion of the business model of the… Read More

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Nextdoor raised about $75 million to connect neighbors

 Nextdoor, the neighborhood social networking site raised about $75 million in a funding round, The Information reported, estimating that the valuation is $1.5 billion. The round was confirmed by TechCrunch. This adds to the over $200 million that the San Francisco-based company has raised, dating back to 2010. Its last reported round was in early 2015 at a $1.1 valuation. The report says that… Read More

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With markets going crypto-crazy, SEC chairman weighs in

 Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Chairman Jay Clayton.  Read More

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Max Levchin’s Affirm raised $200 million at nearly $2 billion valuation

 Affirm, the platform that helps consumers find financing is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion, as first… Read More

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N26 partners with Younited Credit to launch credit offering in France

 German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is partnering with Younited Credit to launch consumer credit in France. It works pretty much like the existing credit feature in Germany. In the app, you… Read More

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6 red flags of an ICO scam

 With exponential growth in public interest, esoteric terminology and a lax regulatory framework, it is no surprise that some ICOs have been used to fund scams and cheat investors of their money. While nothing can compete with quality due diligence, knowing which red flags to look for in order to steer clear of scams or bad ICOs can be helpful. Read More

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China’s JD partners with accelerator program Plug and Play to reach US startups

 E-commerce giant JD.com, the closest rival to Alibaba in China, is broadening its presence in Silicon Valley after it announced a collaboration with accelerator firm Plug and Play to seek out and work with promising U.S. startups. The e-commerce giant said it will share technologies, including AI, cloud and smart supply chain tech, with the program generally and work together to launch a… Read More

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Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe

 B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Bangalore-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round announced this summer. Originally pegged at… Read More

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Okta reports earnings, moves headquarters and launches free service for startups

Okta Team Rings Bell It was a big day for online identity management provider, Okta. 
After reporting better-than-expected third-quarter earnings, the company also made a slew of announcements.
Okta, which counts corporate clients like Nordstrom and government clients like the U.S. Department of Justice, said that it’s now going to let startups use its services for free. Young organizations with up to 25… Read More

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