Remove 2011 Remove Micro-Entry Remove Origination
article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Investing: Robo-advisors and micro-investing lower barriers to entry. Simple, an early contender founded in 2009, floundered following its 2011 launch before ultimately being bought by Spanish banking giant BBVA in 2014. Investing: Robo-advisors and micro-investing lower barriers to entry.

Finance 77
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. Stripe went on to raise a seed round from Sequoia Capital, Andreessen Horowitz, SV Angel, and PayPal founders Peter Thiel and Elon Musk in 2011. Source: Square.

article thumbnail

If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

When Tencent made the move to mobile and launched WeChat in 2011, it had to persuade QQ users to download and use the WeChat app. There are stories of micro merchants using it as a channel to sell, but it’s not clear how widespread those use cases are and the extent to which they have traction and scale. Just like WeChat did.

Bots 62
article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Amazon Lending initially launched in 2011 to help small businesses finance and sell more goods on Amazon. The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans.