TransferWise moves into Asia Pacific with opening of regional HQ in Singapore

 TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore. The UK-based service was started in 2010 by Estonian entrepreneurs Kristo Kaarmann and Taavet Hinrikus, its CEO, as a method for sending money from country to country more efficiently. It… Read More

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Dropbox really wants us to know its finances are healthy

 Healthy financial milestones sugarcoat the conversation temporarily, but eventually Drew Houston is going to have to step into the public markets. At that point nobody will care how fast Dropbox grew its revenue back in the day. The question will be whether Dropbox is a company that can eventually sustain $10 billion in yearly revenue. Read More

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PayPal shares up 7% after better-than-expected earnings

 PayPal, the payments company, posted first quarter earnings results after the bell on Wednesday. After surpassing analyst estimates with an adjusted 44 cents per share, compared to the 41 cents that many were predicting, shares rose 7% in initial after-hours trading. Net income was $384 million, up 5% from last year. Revenue was also slightly better than expected, coming in at $2.975 billion,… Read More

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Startup Hippo Insurance launches in California with a tech-enabled home insurance

 Offering a more complete home insurance package for less money than traditional insurance sellers, startup insurance broker Hippo Insurance launched its first service this week in California. According to chief executive Assaf Wand, the company intends to be available to 60% of all U.S. homeowners by the end of the year. To that end, the company had previously raised $14.5 million last October… Read More

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Aspiration can now tell you the ‘social impact’ of your monthly spending

 Looking for some insight into the societal cost of buying a cup of coffee, a double cheeseburger, or a pack of cigarettes? Well, financial services startup Aspiration now has an app for that. The fascinating fintech company that was co-founded by former Bill Clinton speechwriter Andrei Cherny just launched a new feature inside its mobile banking app that tracks a customer’s… Read More

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Twitter shares spike 10% after it delivers a much-needed earnings beat

 Twitter delivered a surprising and much-needed positive quarterly earnings report this morning — and its finally seeing some positive moves in its stock price. That’s going to be important going forward, as the company needs to convince Wall Street it can stay independent and also attract talent. Twitter, as we’ve seen time and again, reports a huge stock-based… Read More

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