Category: finance

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions – TechCrunch

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors. According to Crunchbase, this brings QFPay’s total raised so
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Democratic Presidential nominees are ignoring the issue of our cybersecurity infrastructure – TechCrunch

With the long battle for the Democratic nominee for president in 2020 firmly underway, more than 20 political hopefuls are talking about spreading the fruits of a solid economy to millions of middle-class Americans who may have missed the good times, implementing Medicare for all to solve financial healthcare pitfalls, and free college education. One
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Mobile messaging financial advisory service, Stackin, adds banking features and raises cash – TechCrunch

When Stackin initially pitched itself as part of Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audience too savvy for traditional advisory services. Now, nearly two years later, the company has pivoted from video to text-based financial advice for its millennial audience and
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Thunes raises $10M to make financial services more accessible in emerging markets – TechCrunch

Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10 million investment in Singapore-based startup Thunes. Other investors in the Series A round are not being disclosed at this point. Thunes —
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SEC charges former Apple compliance lawyer with insider trading, avoiding $382K in losses – TechCrunch

The shine on Apple is getting a little tarnished. Today, the SEC filed a suit against Gene Levoff, a lawyer who used to work for the iPhone giant, accusing him of insider trading, selling millions of dollars in stock ahead of earnings and saving himself some $382,000 in losses the process, and in a separate,
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The Green New Deal is long on vision, short on details, and a potential windfall for startups – TechCrunch

The Green New Deal has landed. Proposed by the rising star of the Democratic Party, Representative Alexandria Ocasio-Cortez, and Senator Edward Markey, a longtime advocate for decarbonization in both the House and the Senate, the sweeping proposal is a grand vision for what a progressive push to rebuild American institutions for the 21st century looks
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