Edition:
United Kingdom

Anna Irrera

Two Sigma Ventures backs cryptocurrency security startup Trustology

06 Dec 2018

NEW YORK The venture capital arm of quantitative hedge fund manager Two Sigma has backed Trustology, a young company that develops technology to help investors safeguard digital assets such as cryptocurrencies, the companies said on Thursday.

KKR leads $100 million investment round in Cross River Bank

06 Dec 2018

NEW YORK Private equity firm KKR & Co Inc has led a $100 million investment in Cross River Bank, a community bank that powers some of the most well known financial technology startups in the United States, the companies said on Thursday.

Special Report: Little known to many investors, cryptocurrency reviews are for sale

27 Nov 2018

NEW YORK When cryptocurrency issuers want positive coverage for their virtual coins, they buy it.

Online surge, long lines mark start of Thanksgiving sales

23 Nov 2018

NEW YORK, Nov 23 U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season.

Square beats profit estimates, shares fall on weak forecast

07 Nov 2018

Payments company Square Inc on Wednesday forecast fourth-quarter adjusted profit below Wall Street estimates and its shares fell nearly 4 percent in after-hours trading.

LendingClub profit beats estimates on record loan originations

06 Nov 2018

Online lender LendingClub Corp reported an adjusted third-quarter profit that edged past analysts' estimates and raised its full-year earnings forecast on Tuesday, helped by record loan originations and higher transaction fees.

Online lender OnDeck beats profit estimates, shares surge

06 Nov 2018

OnDeck Capital Inc , which lends to small businesses online, reported a third-quarter profit that beat estimates and raised its full-year outlook, sending its shares surging nearly 26 percent.

Wealthfront to offer automated financial planning tool for free

23 Oct 2018

LAS VEGAS Wealthfront, one of the largest digital wealth management startups known as "robo-advisers," will offer its automated financial planning tool for free by the end of the year as it seeks to grow its customer base, it said on Tuesday.

World News