Estranged Wife of HF Tycoon Gets $530M Divorce Payout
The estranged wife of hedge-fund tycoon Christopher Hohn will receive $530 million in what is believed to be the U.K.’s biggest-ever divorce payout, a U.K. court has ruled....
HF Employees Brace for a Disappointing Payout
Many of Wall Street’s deal makers are heading toward a happy year-end bonus season, while traders and hedge-fund employees are bracing for a disappointing payout....
Klaus Hommels' Lakestar backs payment software company Taulia
Zurich-based venture fund Lakestar has led an $18m Series C funding round for payment management specialist Taulia ....
Kleiner Perkins Scales Back in Latest Fundraising Attempts
Venture fund Kleiner Perkins Caufield & Byers filed to raise two new funds totaling $1.2 billion, showing scaled-back ambitions compared with previous funds. The new funds, an early-stage growth fund of $450 million known as KPCB XVI and a later-stage fund of $750 million known as KPCB Digital Growth, contrast with the $525 million KPCB XV, raised two years ago, and the $1 billion inaugural Digital Growth fund, raised in 2010.
PayPal Co-Founder Max Levchin Raises $45 Million for Online Lending Startup
Rather than rely on FICO credit scores, Affirm calculates the risk of borrowers based on a range of personal data including information gleaned from social-media profiles as well as the cost of the items being purchased. It then determines what rate and structured payment makes sense to offer the customer.
Food, Restaurants Make Tasty Target for VCs
Since April last year, at least 15 companies that home-deliver restaurant meals have been funded, and a record 11 startups in the separate category of general food products got funded in 2013,
Pritzker Group leads $20 million round for Rhode Island payments startup Swipely
Angus Davis, founder and CEO of a fast-growing Providence technology company, said Thursday a $20-million venture-capital investment in his firm will allow Swipely to “accelerate growth” in the capital city by hiring more employees, attracting more customers and improving what it sells them.
Square's status? It's complicated
Even in an industry where things happen at Internet speed, the purported reversal of fortune at Square was remarkably fast. In seemingly no time, the mobile payments startup led by Twitter co-founder Jack Dorsey went from darling to impending disaster. Square is a fast-growing but money-losing enterprise, reports proclaimed, with a high burn rate, shrinking balance sheet, and narrowing set of options.
But several interviews with Square executives, board members, and people close to the company -- as well as a series of internal company e-mails obtained by Fortune -- suggest a far more subtle narrative.
Mobile-Payments Startup Square Discusses Possible Sale
With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the...
What Types of Bitcoin Startups are VCs Investing in?
In terms of public investments, payment processing startups snagged the most investors. Hardware mining startups pulled in a comparable amount of cash, but for many of them, investors were not disclo...