Mikel Mann

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Coinbase opens its crypto index fund to accredited U.S. investors

Fresh from revealing plans to add Ethereum Classic to its exchange, crypto giant Coinbase today announced that its cryptocurrency index fund — first revealed in March — is open to investors in the U.S..<p>The company said in a blog post that it has see “overwhelming” interest from investors, and now …

Cryptocurrency

Exclusive: China's Lufax targets $2 billion in fresh funding amid IPO delay - sources

HONG KONG (Reuters/IFR) - China's Lufax aims to raise up to $2 billion in fresh funding, valuing one of the country's largest online wealth management platforms at $40 billion, as it opts for private investment ahead of a delayed listing, said people familiar with the deal.<p>Lufax, set up in 2011 by …

Venture Capital

Stellar Lumens Cryptocurrency Approved for Trading in New York for the First Time

New York financial regulators have approved Stellar Lumens, a cryptocurrency created by the founder of rival blockchain company Ripple, to trade on …

Cryptocurrency

Revolut announces a Robinhood-like trading product

Fintech startup Revolut likes to announce new things all the time. Even though nothing is going live today, it’s interesting to see where the startup is heading. The company is working on a trading platform for traditional shares without any commission.<p>You’ll find stock from public companies from …

Trading

Coinbase is acquiring a securities dealer in order to trade your startup tokens

Every day, tech investors and reporters are pitched on new services that intend to generate digital tokens that its creators expect will trade . . . somewhere.<p>Perhaps unsurprisingly, Coinbase, known currently for trading a handful of the largest cryptocurrencies, wants to be that somewhere. To that …

Cryptocurrency

Bharti Clan Plans More Hotels, Son-in-Law to Run Them

The family of billionaire Sunil Mittal, who controls India’s biggest mobile-phone operator, plans to increase its bets in the hospitality business …

Hospitality

I'm a founder who has raised $77 million over the last 10 years — here's my best advice on how to raise startup money, even when lots of people reject you

Fundraising is hard.<p>In 2009, Y Combinator gave our fledgling company, Mixpanel, $15,000.<p>During that summer session, half our batch died after demo day — a day where you get to pitch investors in Silicon Valley. We got a lot of no's — 11, to be precise. Two VCs thought we should get a CEO, and one …

Venture Capital

JD.com leads investment in Vietnam-based e-commerce service Tiki

JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service.<p>JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming …

<b>7 Cryptocurrency Investors You Need To Follow</b> | Inc.com

If you're looking for advice about cryptocurrencies, the most important voices to follow come from those who have put their money where their mouth is. Investors who have poured large sums into bitcoin, ethereum and other blockchain-backed currencies aren't just telling other people what to do. …

Cryptocurrency

23 startups that became unicorns in 2017, scoring valuations of $1 billion or more

A year ago, the venture capital industry looked like it was going to tighten its belt and bring valuations back to earth. But in 2017, venture investment continued to flow heavily and is on track to match or exceed dollars deployed in 2016, says PitchBook, a database that tracks such deals.<p>Mega …

China Nails It Again: VC Funding Climbs To U.S. Levels, BAT Excels

Followers of this column may not be all that surprised to learn that China venture fund-raising has climbed to U.S. levels, checking in at $50 billion in 2016 if RMB funds are included in the total.<br>Or that China has its own fair share of unicorn-financed startups, 30 percent of them in e-commerce …

Small business loan platform Kabbage nabs $250M from Softbank

Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using a large set of data points to determine a customer’s credit score, is announcing some big cabbage of its own today.<p>SoftBank Group …

Venture Capital

Scoop: Mamoon Hamid leaving Social Capital for Kleiner Perkins

Mamoon Hamid is leaving venture capital firm Social Capital, which he co-founded, in order to join rival Kleiner Perkins Caufield & Byers, Axios has …

Venture Capital

Scottish startup TVSquared raises $6.5 million to help brands optimize their TV ad spending

TVSquared, a Scottish startup that specializes in measuring the impact of TV ad campaigns, has announced a $6.5 million funding round from West Coast Capital and Scottish Investment Bank. This takes the company’s total funding to almost $10 million.<p>Founded out of Edinburgh in 2012, TVSquared claims …

Apple reportedly snaps up Israeli facial-recognition company

Apple has reportedly acquired RealFace, an Israeli startup that developed facial-recognition technology for user authentication.<p>The news comes shortly after a separate report claiming that Apple is planning to incorporate new biometric security systems into future iPhones starting in 2018.<p>RealFace …

Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital

<i>Updated article to clarify the pending round is a Series C</i><p><i>Updated again with info that British pop star Tom Odell may also be investing</i><p>Monzo, one of a number of new digital-only, or so-called “challenger,” banks in the U.K. aiming to re-invent the current account, is closing in on new Series C …

Will.i.am is reportedly doing a deal with app-only bank Atom that could see the singer invest

Sky reported that the Voice judge has signed up to be a strategic advisor to help Atom stand out from an increasingly crowded market.<p>Other app-only banks setting up in the UK recently include Monzo, Starling, Tandem, and B, set up by the Clydesdale Bank. Will.i.am will advise the bank on branding …