Silicon Valley could be the next hotspot for SEC whistleblowers

 In recent years, the SEC has had greater success policing wrongdoing due in large part to the implementation of its whistleblower program. But the whistleblowers’ crosshairs are not limited to Wall Street. Individuals are beginning to come forward in a new sphere of the business world, one with its own reputation of a problematic, win-at-all-cost culture: Silicon Valley. Read More

Marketing email company SendGrid raises $131 million after pricing its IPO at $16

 SendGrid, the Denver-based marketing email company, raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. The company also upsized its IPO, selling 8.2 million shares, instead of 7.7 million. The company begins trading Friday on the New York Stock Exchange, under the ticker, “SEND.” SendGrid helps businesses send marketing emails. It says… Read More

Roomi raises $11 million to find you a roommate

 Looking for a roommate on Craigslist can be cumbersome. And it can be difficult to determine what the person will be like in real life. A startup called Roomi thinks it has a better solution for finding people to live with. Its app and website help you search for apartment listings with background-checked profiles from the tenants. It also pulls data from social media, like photos and… Read More

Uber confirms SoftBank has agreed to invest billions

 The paperwork’s done! The long-anticipated SoftBank Group investment into Uber has been agreed upon, a spokesperson confirms to TechCrunch. We’ve been provided the following statement. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote of confidence in Uber’s… Read More

SoftBank looks to finalize Uber investment today

 After months of talks, SoftBank Group is close to finalizing its investment in Uber. Multiple sources tell TechCrunch that the deal is expected to be signed later in the day on Sunday. SoftBank plans to lead a $1 billion investment directly in the company alongside Dragoneer Investment Group. The joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a… Read More

Redfin shares fall 7% after real estate earnings disappoint

 Redfin, the real estate brokerage site, saw its shares tumble about 7% in after-hours trading, shortly after sharing its earnings. The company posted about $109.5 million for the third quarter. Analysts surveyed by Yahoo Finance had been expecting about $110.6 million. Adjusted earnings per share were 12 cents, missing the 13 cents predicted. The newly public business may have disappointed… Read More

Revolut is applying for a European banking license to become a true bank

 It’s hard to believe that fintech startup Revolut still doesn’t have a proper banking license. Many users will tell you that Revolut’s electronic wallets already feel like traditional bank accounts with an IBAN and a payment card. But the startup is finally applying for a proper banking license in Lithuania. This process is going to take a few months — the startup… Read More