Friday, 22 Mar 2019
Category: Business

Pinterest IPO Could Happen In Mid-April, Sooner Than Planned

Pinterest, the image search company, is now gearing up to launch its initial public offering in the middle part of April, earlier than it previously planned. Aiming to take advantage of high demand for IPOs, people familiar with the matter told The Wall Street Journal that Pinterest could make its IPO filing with the Securities and […]

Bitcoin Futures Rollout In Jeopardy

Intercontinental Exchange (ICE)’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to a report in The Wall Street Journal citing people familiar with the matter, plans for ICE, which owns the New York Stock Exchange, to roll out the bitcoin futures contract are being delayed by the Commodity […]

First Data, InstaReM Pair On Corporate Card Issuance

Singapore-based FinTech startup InstaReM, which enables banks and consumers to send money across borders, announced a partnership with First Data to assist businesses that issue corporate credit cards. The partnership will combine InstaReM’s digital payments and remittance solution with First Data’s debit processing solution for businesses like corporates and FinTech firms that need to issue cards […]

VC FinTech Funding Sets Sights On ‘Alternative’ Data

If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. Thinknum Thinknum, which provides web-sourced alternative data, has garnered $11.6 USD in series A funding from a consortium of investors, […]

Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

Small and medium-sized businesses (SMBs) are the lifeblood of many economies — Europe’s among them — and working capital is the lifeblood of SMBs. Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. One way to secure funding is to use invoice financing. But even that conduit […]

WhatsApp Debuts Biz App On iOS

WhatsApp Business has started to roll out its services on iOS, more than a year after it launched on Android. The app, which is separate from the original WhatsApp, allows businesses to easily communicate with their customers. According to WABetaInfo, the app has been found in the Mexican App Store, as well as in France […]

Ex-Walmart CTO Joins Pinterest

Walmart CTO Jeremy King is moving to Pinterest. According to CNBC, King will be the new head of engineering at social media company Pinterest, where he’ll be in charge of the site’s “visual discovery engine” that recommends posts and images to users. King comes to Pinterest ahead of its upcoming initial public offering (IPO). Last […]

Merchants Using WeChat Pay Grew 80 Pct YOY In Q4

While China’s Tencent reported lower-than-expected net profits in its fourth quarter earnings, some of its emerging businesses have seen significant growth. The company revealed that its Q4 net profit declined 32 percent to ¥14.2 billion ($2.1 billion USD), falling below analysts’ prediction of ¥18.3 billion. The decline was due to expenses for its portfolio companies and non-gaming investments. However, […]

Can Mobile Really Cut Govt. Red Tape — and Prevent Fraud?

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Take all the paperwork required to access federal benefits in the U.S. Not only does that encourage the spread of […]

Wells Mulls Ex-President Harvey Schwartz As CEO

Harvey Schwartz, the former president and co-chief operating officer of Goldman Sachs, is reportedly in talks to become the next CEO of Wells Fargo. The New York Post reported that members of Wells Fargo’s board have been meeting with Schwartz, who was beat out by David Solomon to become Goldman’s new CEO last year. One source revealed […]

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