Credit giant Experian leads $30M investment in India’s BankBazaar

 Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led its $60 million Series C funding in 2015 while Experian is the main investor behind this Series D raise. The company didn’t specific the… Read More

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Feedzai closes $50M Series C to help banks and merchants identify fraud with AI

 Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and merchants spot payment fraud. In today’s rapidly maturing world of fintech, Feedzai is trying to thread the needle between turnkey solution and customizable platform. With 60 clients… Read More

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Uber-SoftBank deal “very likely” to be finalized in the next week

 The Uber-SoftBank deal is almost done, said Arianna Huffington on stage at WSJ D.Live in Laguna Beach on Monday. When pressed whether SoftBank’s multi-billion dollar investment in Uber could be finalized within the week, the Uber board member replied that it’s “very likely.” She confirmed media reports that the proposed deal would involve both a direct investment in… Read More

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Netflix’s original content costs are ballooning

 Netflix today once again showed that its subscriber growth is on a tear — especially its growth internationally — but a note in the report may indicate one of the biggest challenges the company faces going forward. Netflix took home 20 Emmy awards this year, and that’s thanks to its enormous investments in original content. Shows like “Stranger Things,”… Read More

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Netflix crushes its own expectations for subscription growth again

Reed Hastings Netflix is still on its rounded-up-to-pretty-great run as it continues to add more and more subscribers, and once again is outstripping its own estimates for growth. Today the company said it added 5.3 million new total subscribers, with 850,000 coming in the U.S. and 4.45 million coming from international markets. Netflix is spending very aggressively on original content, and so far it looks… Read More

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7 huge business storylines for this quarter’s earnings season

 It’s that time of the year again: Earnings season. It’s a finance nerd’s dream, but for the rest of the world, it’s important because some of the biggest technology companies in the world spill their guts to the public. We get to see who’s winning, who’s losing, what’s going wrong and how much Twitter’s monthly active user count dropped. In… Read More

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The HOLD 10 Index is a passively managed fund of the top 10 cryptocurrencies

 This year the market capitalization of all cryptocurrencies has grown from about $13 billion to well over $150 billion, fueled by infusions of capital from all different types of investors. But irregardless of this extreme growth, it’s still very complicated for most people to invest in cryptocurrency. So one startup is launching a private index fund designed to let you passively hold… Read More

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Spanish bank BBVA launches money transfer app Tuyyo, initially focused on U.S.-Mexico remittances

 BBVA, Spain’s second-largest bank that snatched up mobile banking startup Simple for $117 million back in 2014, is now entering the mobile money transfer business with today’s launch of a new app called Tuyyo. The app, which is available on both iOS and Android, is focused on the $73 billion annual market for remittances to Latin America and the Caribbean from the U.S. However,… Read More

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Russia may soon issue its own official blockchain-based currency, the CryptoRuble

 Russia will issue its own official cryptocurrency, the CryptoRuble, capping months of speculation about the country’s approach to the technology. While in a way it indicates an embrace of the likes of Bitcoin and Ethereum, the CryptoRuble is unlikely to share the truly decentralized nature of other coins. Read More

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Tesla has let go hundreds of employees

 Tesla let go hundreds of employees following what the company said is an annual performance review process, the company told TechCrunch. The news was first reported by The Mercury News. “Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results were achieved, during the… Read More

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Qualcomm fires another shot at Apple with a new lawsuit in China

 Qualcomm has filed a lawsuit against Apple in its continuing legal battle over patents, this time looking to block the manufacturing and sale of iPhones in China, according to a report by Bloomberg this morning. It’s another shot at Apple as the companies continue to duel with Apple regarding payments for its technology. Apple filed a $1 billion lawsuit with Qualcomm in January and the… Read More

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Equity podcast: IPO spree continues, and Magic Leap wants $1 billion

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This week we had the full crew on deck: Katie Roof, Matthew Lynley and myself — Alex Wilhelm. All that and we were joined by Jeff Grabow, the U.S. venture capital leader at EY. Grabow was a treat to have on, as he has a wealth of knowledge of how… Read More

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Coinbase is launching instant purchases and ditching the 3-5 day wait period

 Coinbase just announced that users can instantly purchase cryptocurrency and have it be funded from a U.S bank account. Until now these types of purchases took between 3-5 days to complete, as Coinbase waited for funds to transfer via ACH before they credited your purchase. This wait meant that users would often get frustrated because of bitcoin’s inherent volatility – the price… Read More

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ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

 Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup, founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund,… Read More

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MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

 MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. Read More

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