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What Apple Didn’t Tell You Last Week

PYMNTS

Stockholm is one of my favorite cities in the world and has become a real FinTech innovation hub. Sweden’s highest marginal tax rate is 57 percent, which most people actually pay since that rate applies to all income over 1.5 There’s a capital gains tax of 30 percent, too, and a sales tax of 25 percent.

Apple 100
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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

Fintech (note 1) has been part of YC from the beginning. The first class (Summer 2005) included one fintech startup, TextPayMe, among the eight companies. But as YC grew from 2005 to 2009, the number of fintech companies stayed at roughly 1 per year. You are almost guaranteed a multi-million funding. During the past 4.5

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. To see how well the system works, and whether it fends off the various FinTech challengers to FICO’s crown, we will have to wait for 2019.

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New Investment for Dealstruck Boosts Lending Capital to More than $100 Million

Fintech Labs Insights

Dealstruck has raised $10 million in new capital from Community Investment Management. The company uses the applying business’s past two years of tax returns, current bank account information, and the FICO scores of the business’s owners in order to make a customized, funding determination in minutes.

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

CB Insights

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Get the full report. How Stripe makes money

Online 98
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Bright Funds Closes Seed Round with $1.8 Million Investment

Fintech Labs Insights

Donations through the platform are 100% tax deductible, and there is no charge to open an account with Bright Funds. The company was founded in February 2012 and is headquartered in San Francisco, California. More than 1.5 million pre-screened nonprofits are represented on the platform.

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242 Startup Failure Post-Mortems

CB Insights

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site. Around 4 p.m.,

Company 78