British financial institution Barclays has invested $12.9 million in Bink, a startup that lets customers store and view all their loyalty cards on a phone, and also links payment cards to get points and rewards automatically, according to reports. The two companies said they’re looking...
USA Technologies’ shares lost roughly 45 percent of their value on Thursday in intraday trading after an SEC filing by the firm revealed that RSM US LLP, the firm’s auditor, resigned over concerns tied to financial reporting by the company. The letter detailing the resignation...
In investing, as in life, information is power. We make choices based on the data at hand, sifting through what has happened in the past in order to gain an idea of what lies before us. Take away the data, and choices are made in the...
Tink, the Swedish FinTech that wants to create a European-wide open banking platform, announced Thursday (Feb. 7) that it raised 56 million euros — or $64 million — in a deal led by Insight Venture Partners. In a blog post, Daniel Kjellén and Fredrik Hedberg,...
Tim Armstrong, the veteran tech CEO, is launching a new company on Thursday (Feb. 7) dubbed dtx, which will focus on direct-to-consumer (DTC) products. According to a report in CNBC, citing Armstrong, “dtx” stands for “direct to consumer.” The company will focus on building a...
Yelp is preparing to fight an activist investor who is pulling for a board shake-up and a potential sale. According to CNBC, sources say that the review site has hired Evercore to help defend it against hedge fund manager SQN, which owns 4 percent of Yelp...
Lime, an on-demand electric scooter and bicycle startup, said on Wednesday (Feb. 6) that it had raised $310 in a Series D round of financing. “We are thrilled to announce today that we have closed $310 million in a Series D financing, valuing Lime at...
In Asia, the marquee names seem to be ones that are attracting attention when it comes to investors’ appetites — and money! — and so they are big, and getting bigger. Consider the fact that, earlier this month, Go-Jek, the Indonesian ride-hailing firm, said it...
Calm, the startup that helps people contend with anxiety, stress and insomnia, has raised $88 million in venture funding, giving the company a valuation of $1 billion. In a press release, Calm said the funding was led by TPG Growth. Other investors who participated in...
